Must read!
Must visit!
Must listen!
Must read!
John C. Bogle Warren Buffett Robert Cialdini Ray Dalio David Einhorn Meb Faber Tim Ferriss Philip A. Fisher Benjamin Graham Joel Greenblatt Seth Klarman Peter Lynch Howard Marks John Mihaljevic Charlie Munger Monish Pabrai Guy Spier
Books about Warren Buffett:
Warren Buffett is an American business magnate, investor, and philanthropist who serves as the chairman and CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of $91.6 billion as of January 2018, making him the third wealthiest person in the United States and in the world.
To learn from and about this great investor is the best what an investor can do to improve his investing strategy.
Books by and about Charlie Munger:
Charles Thomas Munger (born January 1, 1924) is an American investor, businessman and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also the chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
Books by and about Benjamin Graham:
Benjamin Graham was a British-born American investor, economist, and professor. He is widely known as the “father of value investing. His investment philosophy stressed investor psychology, minimal debt, buy-and-hold investing, fundamental analysis, concentrated diversification, buying within the margin of safety, activist investing, and contrarian mindsets.
Books by Philip A. Fisher:
Philip Arthur Fisher was an American stock investor best known as the author of Common Stocks and Uncommon Profits, a guide to investing that has remained in print ever since it was first published in 1958.
Books by Peter Lynch:
Peter Lynch is an American investor, mutual fund manager, and philanthropist. As the manager of the Magellan Fund at Fidelity Investments between 1977 and 1990, Lynch averaged a 29.2% annual return, consistently more than doubling the S&P 500 market index and making it the best performing mutual fund in the world. During his tenure, assets under management increased from $18 million to $14 billion.
Books by Howard Marks:
Howard Marks is an American investor and writer. In 1985 he joined TCW and created and led the High Yield, Convertible Securities and Distressed Debt groups. In 1995, he left TCW and co-founded Oaktree Capital Management. In the 2015 Forbes rankings of the wealthiest Americans, Marks was ranked the #338 richest person in the United States, with a net worth of $1.95 billion.
Books by Joel Greenblatt:
Joel Greenblatt is an American academic, hedge fund manager, investor, and writer. He is a value investor, and adjunct professor at the Columbia University Graduate School of Business. He is the former chairman of the board of Alliant Techsystems and founder of the New York Securities Auction Corporation. He is also a director at Pzena Investment Management, a high-end value firm.
Books by Monish Pabrai:
Mohnish Pabrai is an Indian-American businessman, investor, and philanthropist. In 1991 he started his IT consulting and systems integration company, TransTech, Inc. and sold it in 2000 for US$20 million. Today he is the managing partner of the Pabrai Investment Funds (a family of hedge funds inspired by Buffett Partnerships), which he founded in 1999. In June 2007 he has bidden US$650,100 with Guy Spier for a charity lunch with Warren Buffett.
Books by and about Ray Dalio:
Raymond Dalio is an American billionaire investor, hedge fund manager, and philanthropist.He is the founder of investment firm Bridgewater Associates, one of the world’s largest hedge funds. As of January 2018, he is one of the world’s 100 wealthiest people, according to Bloomberg.
Books by David Einhorn:
David M. Einhorn (born November 20, 1968) is an American investor, hedge fund manager, and philanthropist. He is the founder and president of Greenlight Capital, a “long-short value-oriented hedge fund.”
He started his fund in 1996 with $900,000 and has generated 16.5% annualized return for investors from 1996 to 2016. As of 2017, Greenlight Capital has US$9.27 billion in assets under management.
Books by Guy Spier:
Guy Spier is a Zurich-based investor. He is well known for bidding US$650,100 with Mohnish Pabrai for a charity lunch with Warren Buffett in June 2007.
He runs the Aquamarin Fund whose investment philosophy was inspired by the original 1950’s Buffett partnerships.
Books by Seth Klarman:
Seth Andrew Klarman is an American investor and hedge fund manager. He is known as a value investor and is currently the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982.
He closely follows the investment philosophy of Benjamin Graham and is known for buying unpopular assets while they are undervalued, seeking a margin of safety and profiting off of their rise in price. Since his fund’s $27 million-dollar inception to 2008 he has realized a 20 percent compound return-on-investment and as of 2016 manages $31 billion in assets.
Books by John Mihaljevic:
John Mihaljevic is the publisher of The Manual of Ideas, an acclaimed independent monthly research publication for investors. He is also managing director of ValueConferences and formerly co-host with Guy Spier of VALUEx Zurich/Klosters.
Books by Tim Ferriss:
Tim Ferriss is an American author, entrepreneur, self-proclaimed “human guinea pig”, and public speaker. Ferriss is also an angel investor and an advisor to Facebook, Twitter, StumbleUpon, Evernote, and Uber, among other companies.
Although Tim Ferriss is not a well-known investor, he has interviewed a lot of them and he is now investing in start-ups.
His insights in so many different life’s is really worth reading for everybody who tries to improve himself. Read his blog!
I also recommend Tim’s Podcast “The Tim Ferris Show”
Books by Meb Faber:
Meb Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management. He has authored numerous white papers and five books. He is a frequent speaker and writer on investment strategies and has been featured in Barron’s, The New York Times, and The New Yorker.
Books by and about John C. Bogle:
John Clifton “Jack” Bogle (born May 8, 1929) is an American investor and philanthropist. He is the founder and retired chief executive of The Vanguard Group.
Bogle’s innovative idea was creating the world’s first index mutual fund in 1975. Bogle’s idea was that instead of beating the index and charging high costs, the index fund would mimic the index performance over the long run – thus achieving higher returns with lower costs than the costs associated with actively managed funds.
Bogle’s idea of index investing offers a clear yet prominent distinction between investment and speculations. The main difference between investment and speculation lies in the time horizon. Investment is concerned with capturing returns on the long-run with lower risk, while speculation is concerned with achieving returns over a short period of time.
Bogle has recommended the following considerations:
- A focus on simplicity in investment strategy
- The reduction of costs and expenses associated with investments
- Consideration of the long-term investment horizon
- A reliance on rational analysis and an avoidance of emotions in the investment decision-making process
Books by Robert Cialdini:
Robert Cialdini (born April 27, 1945) is the Regents’ Professor Emeritus of Psychology and Marketing at Arizona State University and was a visiting professor of marketing, business and psychology at Stanford University, as well as at the University of California at Santa Cruz.
Human beings are automatically, unavoidably influenced, in definite and predictable ways, by the actions of those around us. He’s pointing out six principles of influence and associating them with a number of clever, well-designed experiments and real-life experiences.
Cialdini believes that if we are not careful, we can be manipulated into parting ways with our money, our time, our lives, and ourselves. The only way to protect against that is to be aware of all the tricks people can use to persuade us.
Although not an investor, Cialdini is important for any investor who wants to be successful over the long run. The financial market is driven by psychology and many, if not the most, investors are influenced by the other market participants. To protect our investment decisions against psychological and emotional influence, we have to understand about it. Robert Cialdini is one of the best to learn from! I’m convinced that his work will help every investor to get better and achieve better results. That’s why I highly recommend learning from him.
Must visit!
Almost all of the features that can be seen on the main site are available for free, with delayed data. Analysis tools are quickly accessible to all users by clicking on the corresponding button on the main menu of the site. The site aims to make market information accessible and provides a lot of information in visual snapshots, allowing traders and investors to quickly find the stock, future or forex pair they are looking for. They have a guided tour for everyone who is new on FINVIZ.com.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an
extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the private capital markets.
Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, and real-time global market data.
The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.
As more and more first-time investors turn to the markets to help secure their futures, pay for homes, and send children to college, our investor protection mission is more compelling than ever.
For every investor who wants to get the fundamentals, the SEC side is a must. I highly recommend using the SEC files whenever you’re researching a company.
I highly recommend subscribing to Howard Marks Memos. They’re a great pleasure to read and a super enriching source for everybody who’s investing! In his memos he offers detail investment strategies and insight into the economy. You will also find numerous interesting videos about investing.
Subscribing is absolutely FREE with the advantage to get his newest memo right into your mailbox.
Howard Marks is an American investor, writer, and ranked the #338 richest person in the United States, with a net worth of $1.95 billion. In 1995, he co-founded Oaktree Capital Management. He has published several books on investing which you can find above.
Mohnish Pabrai is the founder and Managing Partner of the Pabrai Investments Funds, the founder and CEO of Dhandho Funds, and the author of The Dhandho Investor and Mosaic: Perspectives on Investing.
Another great resource are the Investing Insights of Cambria Investment Management. You get a bunch of great information about investing. I highly recommend the White Papers (you should subscribe to keep informed), but the videos, podcasts and books are also worth a shot.
Meb Faber also runs his own blog where you can get a bunch of new ideas!
You can get Meb Fabers book “Global Asset Allocation” for free. Just visit his website and sign up!
GuruFocus.com is dedicated to value investing and therefore a great side for every value investor or everyone who wants to become one. You’ll find a huge number of different articles about value investing strategies and ideas which are a great source of inspiration. You will also numerous value screeners and research tools, gurus picks and a forum on GuruFocus.com.
The philosophy of GuruFocus.com is that investors would make a lot fewer mistakes investing if they were to select stocks from the ones that have been researched by the best investors in the world. GuruFocus.com tracks the stock picks and portfolio changes of the best investors in the world.
Must listen!
Although not always related to investment, Farnam Street is a great source of ideas “that lead to meaningful understanding.” It “is devoted to helping you develop an understanding of how the world really works, make better decisions, and live a better life. We address such topics as mental models, decision making, learning, reading, and the art of living.
Improving yourself by mastering “the best of what other people have already figured out”, can help you to become a better investor.
The Tim Ferriss Show is a really inspiring podcast. His interviews with so many different high performing people are absolutely worth listening.
The Show is also a great source to improve yourself and your investors skills with it.
Tim Ferriss is also Author of “The 4 hour workweek”, “Tools of Titans” and others. Both books are great and inspiring and they will change your view.
More Information about Tim’s books!
Each week Meb discusses in his Meb Faber Show the craft of investing, helping you uncover new and profitable ideas in the global equity, bond, and real asset markets.
You can also expect to hear from some of the top investment professionals in the world as my guests.His mission is to provide you with real market wisdom that can make you wealthier and wiser.
You can get Meb Fabers book “Global Asset Allocation” for free. Just visit his website and sign up!
You should also visit the side go Cambria Investment Management and read the Investing Insights.
For all my friends who understand German. I was guest in podcast “Aktien mit Kopf” by Kolja Barghoorn and had the honor to talk about my Foot Locker investment and some other investment stuff, like my strategy!
