Free Capital: How 12 Private Investors Made Millions in the Stock Market is a book by Guy Thomas. It was written a few years ago now, but Amazon touted it to me over the weekend and, sitting at home on lockdown, I clicked and bought. Fortunately, it was a good decision. The book is eminently […]
Category: Books
Jesse Livermore: Boy Plunger
I have just finished reading a well-written biography of Jesse Livermore (‘Boy Plunger: The Man Who Sold America Short in 1929’ by Tom Rubython) and am now more comfortable than ever in my avoidance of anything even remotely related to speculation. I am not sure I can think of any other case where a man with so […]
The Outsiders
I have just read William N. Thorndike’s brilliant The Outsiders, which identifies the traits and techniques of the CEOs that ran (or run) some of the best-managed companies of the last fifty years. A few of these names I had heard of (Buffett, John Malone, and Katharine Graham), and some I hadn’t (Bill Anders, Bill Stiritz, […]
The Most Important Thing
The Most Important Thing, by Howard Marks, is a thought-provoking book. Rather than focus on rules, formulae, metrics, or ratios, he concentrates on the psychology of investing. While a lot of investment books leave you with a feeling that a combination of discipline and rules will do the trick, Marks’ book leaves you asking questions and thinking […]
The Little Book That Beats The Market
The Little Book That Beats The Market, by Joel Greenblatt, is an interesting book but it is indeed little, to the extent that it can be read in one or two sittings. Greenblatt says that his aim is to teach his children (spin-offs) how to make money for themselves. To do this, he advocates a form of system investing […]
Hetty – the first woman of Wall street
Hetty The Genius and Madness of American’s First Female Tycoon by Charles Slack (2004) If known for anything at all today, Hetty Green is most likely known only through her “World’s Greatest Miser” entry in the Guinness Book of World Records. Having read the above thoroughly enjoyable biography and given her the benefit of the doubt for as long […]
Common Stocks and Uncommon Profits
Common Stocks and Uncommon Profits by Philip A. Fisher (1957) Hindsight must be the most useless and distracting tool in the investor’s armoury, but it does serve one purpose–it enables you to immediately identify and read the seminal works on the subject, rather than wasting your untethered-to-the-desk hours on drivel. If you do happen to peruse a best-of list, then it won’t take long to encounter a […]