The Investors' Library - 5 Books Edition
Books that have impacted my investing journey
It’s time for another edition of The Investors' Library.
Last week I highlighted my favorite resources from John Rotonti and received some good feedback. This week I am featuring the books that have impacted my investing journey.
In no particular order, here they are …
1. Richer, Wiser, Happier: How the World's Greatest Investors Win in Markets and Life by William Green
William is a gifted writer, and he covers some of the world's best investors in Richer, Wiser, Happier. You will no doubt be familiar with some of the individuals highlighted by Green, but he also covers some lesser-known names. The book details the strategies that made each investor successful and provides some powerful life lessons. It has a high rereadability factor and is the one I most often recommend to friends. To get a sample of the content, check out William's podcast.
Below is an essay I wrote after reading the chapter on Nick Sleep and Qais Zakaria
2. Mindwise: Why We Misunderstand What Others Think, Believe, Feel, and Want by Nicholas Epley
Mindwise discusses the ways our brain causes us to make assumptions and misunderstand others. While it's not intended for investors, it is a valuable resource for understanding the mind and improving decision-making.
I share a summary and a few of my takeaways here.
3. Psychology of Money by Morgan Housel
I simply could not leave this one off the list because I love Morgan's writing. This is a bestseller that most investors will know. Morgan is an excellent storyteller, and his book has helped me understand the emotions that impact investing.
You can check out a few of my favorite quotes below, along with an RBI podcast featuring Morgan.
4. Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantage by Mary Buffett and David Clark
This is the most practical book on the list. Mary Buffett highlights the characteristics Warren looks for in a company he wants to own. It’s an older book, but still packed full of wisdom and serves as a wonderful introduction to financial statements. If you fell asleep in your college accounting class, this book will catch you up pretty quickly.
5. Founders Podcast by David Senra
I’m cheating a bit here, but this podcast is like three hundred book recommendations in one. David highlights the biographies of history’s most successful founders. It’s a treasure trove for investors wanting to understand innovation and leadership. David also covers shareholder letters and investors like Munger, Buffett, Thiel, etc. You can use the podcast to pick your next read or as a form of Cliff notes to increase your investing and entrepreneurial acumen.
Here are my notes from an episode on Henry Ford
That’s all for now. Do me a favor and send me a few books that have impacted your investing journey. I’d love to add a few more to my list.
If you liked this edition of The Investors’ Library, share it with a friend.
I just picked up Psychology of Money! I've seen it on several lists but just seeing it on your list tipped the scales - can't wait to dive in! Thanks, Jason!