I thought I would link to Montier’s Reading List. While he doesn’t mention Ivy Portfolio in his list of books that helped during the financial crisis there are some great books on there. (I don’t think we’ve yet to make one of those lists. Even though our system (published prior to the crisis, with clear, objective advice) completely avoided the market collapse and is currently hitting new highs.
Montier also shares my interest in psychology. My favorite book of all time is Dr. Tatiana’s Sex Advice to All Creation by Olivia Judson. Want to know why you spend 99% of the time doing what you do all day? Read this book for a new perspective.
If I get around to it I’ll hyperlink all of these, but for now here they are…
James Montier’s Summer Reading List (from Summer of 2009)
Investment 101
The classics
Security Analysis by Ben Graham and David Dodd (The sixth edition)
Chapter 12 of The General Theory of Employment, Interest and Money by John Maynard Keynes
Theory of Investment Value by John Burr Williams
Manias, Panics and Crashes by Charles Kindelbeger
Reminiscences of a Stock Operator by Edwin Lefevre
Modern wonders
The Little Book That Beats the Market by Joel Greenblatt
The Little Book of Value Investing by Chris Browne
Fooled by Randomness by Nassim Taleb
Contrarian Investment Strategies by David Dreman
Speculative Contagion by Frank Martin
Psychological musts
Robots Rebellion by Keith Stanovich
Strangers to Ourselves by Tim Wilson
How We Know What Isn’t So by Tom Gilovich
Stumbling upon Happiness by Daniel Gilbert
The Psychology of Intelligence Analysis by Richard Heuer Jnr
Hidden gems
Halo Effect by Phil Rosenzweig
Mindless Eating by Brian Wansink
The Inefficient Stock Market by Robert Haugen
The Margin of Safety by Seth Klarman
Your Money and Your Brain by Jason Zweig
Investment 201
Finance
Fooling some of the People, All of the Time by David Einhorn
The Fundamental Index by Rob Arnott et al
The Investors Dilemma by Louis Lowenstein
Financial Shenanigans by Howard Schilit
Creative Cash Flow Reporting by Charles Mulford and Eugene Comiskey
Psychology
Predictably Irrational by Dan Ariely
Mistakes Were Made, But Not by Me by Carol Travis and Elliot Aronson
Mindset by Carol Dweck
Hidden gems
Better: A Surgeons Notes on Performance by Atul Gawande
Why Smart Executives Fail by Sydney Finkelstein
