Summaries of books about Investing:
Buffettology
The Previously Unexplained Techniques That Have Made Warren Buffett The Worlds
David Clark|Mary Buffett
The book delves into the investment strategies and analytical techniques used by Warren Buffett to identify undervalued companies with strong long-term potential. It provides insights into his approach to stock market investing, including his focus on company earnings, the economic moat concept, and the intrinsic value calculation.
See full summary
Fortune's Formula
The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
William Poundstone
The book delves into the history and application of the Kelly criterion, a mathematical formula developed by Bell Labs scientist John Kelly to determine the optimal size of a series of bets. It explores how this formula was used by gamblers and investors, including Ed Thorp and Warren Buffett, to maximize wealth while minimizing risk in both casino gambling and the stock market.
See full summary
Reminiscences of a Stock Operator
Edwin Lefèvre|Roger Lowenstein
The book is a fictionalized biography of Jesse Livermore, a famous securities trader, presenting his rise and fall in the early 20th-century stock market. It offers insights into Livermore's trading strategies, market psychology, and the speculative financial environment of the time, serving as both a historical account and a guide to trading principles.
See full summary
Young Money
Inside the Hidden World of Wall Street's Post-Crash Recruits
Kevin Roose
The book provides an in-depth look at the lives of eight young Wall Street recruits as they navigate the high-pressure world of finance after the 2008 financial crisis. It explores their personal and professional experiences, revealing the culture and challenges within the industry as they pursue success and grapple with moral dilemmas.
See full summary
Fooling Some of the People All of the Time, A Long Short Story, Updated with New Epilogue
David Einhorn
The book is a detailed account of a hedge fund manager's six-year investigation into the financial discrepancies at Allied Capital, a leader in the private finance industry. It provides an insider's perspective on the challenges of short selling and exposes the conflicts of interest and regulatory inefficiencies in the financial world.
See full summary
MODERN VALUE INVESTING
25 Tools to Invest With a Margin of Safety in Today's Financial Environment
Sven Carlin
The book provides a comprehensive overview of value investing principles, offering readers a toolkit of 25 strategies to identify undervalued stocks and invest with a margin of safety. It also adapts traditional value investing techniques to contemporary financial markets, addressing modern challenges and opportunities for investors.
See full summary
The Lifestyle Investor
The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom
Justin Donald
The book provides strategies for creating passive income through cash flow investing, emphasizing the importance of making money work for the investor rather than the other way around. It outlines ten principles to guide investors in building a portfolio that generates consistent, low-risk returns, aiming to achieve financial freedom and a flexible lifestyle.
See full summary
The Wisdom Of Finance
Discovering Humanity in the World of Risk and Return
Mihir A. Desai
The book explores the intersection of finance principles with life's broader themes, using a mix of literature, history, and personal anecdotes to demystify complex financial concepts and argue that finance can be a force for good. It draws parallels between financial instruments and the human experiences they mirror, aiming to enhance the reader's understanding of both finance and the human condition.
See full summary
Momentum Masters
A Roundtable Interview with Super Traders
Mark Minervini
The book presents a series of in-depth interviews with four renowned stock traders who share their strategies, experiences, and insights on achieving exceptional success in the markets. It covers a range of topics including risk management, psychology, and the specific techniques these traders use to maintain their competitive edge and build wealth through momentum trading.
See full summary
How to Retire on Dividends
Earn a Safe 8%, Leave Your Principal Intact
Brett Owens|Tom Jacobs
The book provides strategies for building a portfolio that generates a high-yield income through dividends, aiming for an 8% return without eroding the initial investment capital. It offers advice on selecting reliable dividend-paying stocks and creating a sustainable income stream for retirement.
See full summary