What You Think is Worth Reading
After I made my recent book recommendations, I had more than a few people (since I asked you to) send in their own. Thank you! I’m always on the lookout for new tomes and now I have some things to take to the beach with me this summer. In case you’re also deciding what to read next, here’s what some others are recommending (with some reasons why)…
Jon: Thinking in Bets by Annie Duke
“Thinking of decisions in terms of bets and odds has been a very useful framework for me, and the book has a lot of overlap with concepts like Bayes and position sizing.”
Justin: Calculated Risks by Gerd Gigerenzer
“The book really helps with the logic (with great visuals) on how to think about Bayes’ theorem, base rates, and how to update. A good read for investing, but more importantly a great book to help you think about the numbers you see in life.”
Joe: Liar’s Poker by Michael Lewis
“Guys in suits often aren’t as knowledgeable and/or smart as they appear.”
Johnny: Boss Life by Paul Downs
“Nothing gave me a better appreciation of the daily battle that is SMB ownership.”
Matt: Great Mental Models by Shane Parrish
“Improving the way one thinks is likely the best compounding investment anyone could ever make.”
Emily: Glass House: The 1% Economy and the Shattering of the All-American Town
“The author draws some pretty extreme conclusions (basically blaming private equity transactions for the opioid epidemic in Ohio), but his research on the actual cycle of deals is thorough and well told. This book will probably never leave my mind.”
Michael: Capital Returns by Edward Chancellor
“The boom and bust told through the investor letters of Marathon Capital.”
Milo: Investing: The Last Liberal Art by Robert Hagstrom
“Big ideas in multidisciplinary domains with parallels to investing.”
Mark: The Psychology of Judgment and Decision Making by Scott Plous
“A highly concentrated walkthrough of the biases that drive our everyday decision-making and how we can fight against them.”
Oh, and a lot of people think you should read The Psychology of Money by some Morgan Housel guy. Whatever. Have a great weekend.
-Tim