Paul's Bibliography

 

 

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Charlie Munger believes it is impossible to become a great investor without reading a tremendous amount over the course of your life. Here is a list of books Paul believes are important to the development of a great investor:

 

In Charlie's own words, Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger

 

General Topics

Howard Marks, The Most Important Thing: Uncommon Sense for the Thoughtful Investor

Nassim Nicholas Taleb, The Black Swan, (New York, NY, Random House, 2007)

Robert G. Hagstrom, Investing: The Last Liberal Art, (New York, NY, Texere, LLC, 2000)

Nassim Nicholas Taleb, Fooled by Randomness: The Hidden Role of Change in the Markets and in Life, (New York, NY, Texere, LLC, 2001)

Michael Lewis, Moneyball, (New York, NY, W.W. Norton & Company, Inc., 2003)

Ben Mezrich, Bringing Down the House, (New York, NY, Free Press, a Division of Simon & Schuster Inc., 2002)

John Maynard Keynes, The General Theory of Employment, Interest, and Money, (Amherst, NY, Prometheus Books, 1997) - particularly Chapter 12.

Michael J. Mauboussin, More Than You Know: Finding Financial Wisdom in Unconventional Places, (New York, NY, Columbia University Press, 2006)

Geoffrey A. Moore, Paul Johnson and Tom Kippola, The Gorilla Game: Picking Winners in High Technology, (New York, NY, HarperCollins Publishers, 1999)

 

Capital Markets

James Surowiecki, The Wisdom of Crowds, (New York, NY, Random House, Inc., 2004)

Roger Lowenstein, When Genius Failed, (New York, NY, Random House, Inc., 2000)

Benoit Mandelbrot, The Misbehavior of Markets, (New York, NY, Basic Books, 2004)

 

Corporate Strategy

Bruce C. N. Greenwald and Judd Kahn, Competition Demystified: A Radically Simplified Approach to Business Strategy, (New York, NY, Portfolio Hardcover, 2005)

Michael Porter, Competitive Advantage: Creating and Sustaining Superior Performance, (New York, NY, Free Press, 1998)

Jonathon Knee, Bruce Greenwald, and Ava Seave, The Curse of the Mogul: What's Wrong with the World's Leading Media Companies

 

Valuation

Alfred Rappaport and Michael J. Mauboussin, Expectations Investing, Reading Stock Prices for Better Returns, (Boston, MA, Harvard Business School Press, 2001)

John Burr Williams, The Theory of Investment Value, (Flint Hill, Virginia, Fraser Publishing Company, 1997)

 

Money Management

Bruce C. N. Greenwald, Judd Kahn, Paul D. Sonkin and Michael van Biema, Value Investing, From Graham to Buffett and Beyond, (New York, NY, John Wiley & Sons, Inc., 2001)

Benjamin Graham, Intelligent Investor (revised edition), (New York, NY, Harper-Collins, 2003)

Joel Greenblatt, The Little Book that Beats the Market, (New York, NY, John Wiley & Sons, Inc., 2005)

Joel Greenblatt, You Can be a Stock Market Genius, (New York, NY, Fireside, 1999)

Philip A. Fisher, Common Stocks and Uncommon Profits, (New York, NY, John Wiley & Sons, Inc., 2001)

Robert Hagstrom, The Warren Buffett Portfolio: Mastering the Power of the Focused Investment Stratgey, (New York, NY, John Wiley & Sons, Inc., 1999)

William Poundstone, Fortune's Formula, (New York, NY, Hill and Wang, 2006)

 

Risk

Peter Bernstein, Against the Gods: The Remarkable Story of Risk, (New York, NY, John Wiley & Sons, Inc., 1998)

 

Forensics

Howard Schilit, Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports, (New York, NY, McGraw-Hill, 2002)

Thornton O'glove, Quality of Eearnings

Charles Mulford, Creative Cash Flow Reporting: Uncovering Sustainable Financial Performance

Kathryn Staley, The Art of Short Selling

David Einhorn, Fooling Some of the People All of the Time

Christine Richard, Confidence Game: How Hedge Fund Manager Bill Ackman Called Wall Street's Bluff

 

Decision Making for Investing

Robert Caldini, Influence: The Psychology of Persuasion, (New York, NY, Harper-Collins, 1998)

J. Edward Russo and Paul J.H. Schoemaker, Winning Decisions: Getting it Right the First Time, (New York, NY, Currency, 2001)

Carol Tavris, Mistakes Were Made (But Not by Me): Why We Justify Foolish Beliefs, Bad Decisions, and Hurtful Acts,

Jason Zweig, Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich,

Dan Ariely, Predictably Irrational: The Hidden Forces That Shape Our Decisions,

Robert A. Burton, MD, On Being Certain: Believing You Are Right Even When You're Not,

Richard H. Thaler and Cass R. Sunstein, Nudge: Improving Decisions About Health, Wealth, and Happiness,

Ori Brafman and Rom Brafman, Sway: The Irresistible Pull of Irrational Behavior

Phil Rosenzweig, The Halo Effect: ... and the Eight Other Business Delusions That Deceive Managers, (New York, NY, Harper-Collins, 1998)

Georges Charpak and Henri Broch, Debunked (New York, NY, )

Thomas Lewis, M.D., Fari Amini, M.D., Richard Lannon, M.D., A General Theory of Love, (New York, NY, Vintage Books, A Division of Randon House, Inc., 2001)

 

Economics - Particularly Microeconomics

Tim Harford, The Logic of Life: The Rational Economics of an Irrational World,

Tim Harford, The Undercover Economist: Exposing Why the Rich Are Rich, the Poor Are Poor--and Why You Can Never Buy a Decent Used Car!,

 

Miscellaneous Books to Improve One’s Thought Process

Deborah J. Bennett, Randomness, (Cambridge, MA, Harvard University Press, 1999)

Jeremy Bernstein, Cranks, Quarks, and the Cosmos, (New York, NY, BasicBooks, A Division of HarperCollins Publishers, Inc., 1993) - particularly Chapter 1.

Stephen Jay Gould, Full House: The Spread of Excellence from Plato to Darwin, (New York, NY, Three Rivers Press, 1997)

Deirdre N. McCloskey, If You’re So Smart: The Narrative of Economic Expertise, (Chicago, IL, The University of Chicago Press, 1992)

Leonard Mlodinow, Feynman's Rainbow, (New York, NY, Warner Books, 2004) - Feynman was an excellent teacher and offers great insight into "thinking" clearly. He also is an excellent guide on what we can and cannot know about a situation.

 

Biographies

Roger Lowenstein, Buffett: The Making of a American Capitalist, (New York, NY

Janet Lowe, Damn Right! Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger, (New York, NY, John Wiley & Sons, Inc., 2000)

Charles T. Munger, The Wit and Wisdon of Charles T. Munger, (Donning Company Publishers, 2005)

Janet Lowe, Benjamin Graham on Value Investing: Lessons from the Dean of Wall Street

Benjamin Graham, The Memoirs of the Dean of Wall Street, (New York, NY, McGraw-Hill, 1996)

 

Hedge Fund Stories

Anonymous Hedge Fund Manager and N+1, Diary of a Very Bad Year: Confessions of an Anonymous Hedge Fund Manager

Lars Kroijer, Money Maverisks: Confession of a Hedge Fund Manager

 

Productivity

Steve Pressfield, The War of Art: Break Through the Blocks and Win Your Inner Creative Battles

Scott Belsky, Making Ideas Happen: Overcoming the Obstacles Between Vision and Reality

Robert Maurer, One Small Step Can Change Your Life: The Kaizen Way

Richard St. John, The 8 Traits Successful People Have in Common

 

2008 Credit Crisis

Michael Lewis, The Big Short: Inside the Doomsday Machine

Gillian Tett, Fool's Gold: How the Bold Dream of a Small Tribe at J.P. Morgan Was Corrupted by Wall Street Greed and Unleashed a Catastrophe

John Cassidy, How Markets Fail: The Logic of Economic Calamities

 

Classics

Benjamin Graham, Security Analysis, (New York, NY, McGraw-Hill, 1996)

 

History

Niall Ferguson, The Ascent of Money: A Financial History of the World

Liaquat Ahamed, Lords of Finance: The Bankers Who Broke the World

Peter Bernstein, The Power of Gold: The History of an Obsession

 

Just Great Books

Jonathan Haidt, The Happiness Hypothesis, (New York, NY, Basic Books, 2006)

Matthieu Ricard, Happiness: A Guide to Developing Life's Most Important Skill,

Martin Seligman, Flourish: A Visionary New Understanding of Happiness and Well-being

Mark Haddon, the curious incident of the dog in the night-time, (New York, NY, Vintage, 2004)

 

 

 

This page was last updated on 07/24/11.