James Montier Suggested Reading List. Tim du Toit is the editor and founder of Eurosharelab. He has more than 20 year of institutional and personal investing experience in emerging and developed markets. Tim is based in Hamburg, Germany. More of his articles can be found at Eurosharelab (www.eurosharelab.com). Republished here with permission. This article is the combination of two research reports I found where James recommended the best investment books he has come across. Be sure to read right to the end of the document to see the “hidden gems” James recommended. In order to give his choices a little structure James created four categories of books and only allowed him to select five books in each group. (click in the book picture or the bold text to go to the Amazon page) Classics The first category is the timeless masters.
Security Analysis by Ben Graham and David Dodd James prefers the original 1934 edition of this book (available thanks to a recent reprint). You can print it out for free at Project Gutenberg Australia Fo. Steven Rhoads's book, "The Economist's View of the World" - Statistical Modeling, Causal Inference, and Social Science. About 15 years ago I ran across this book and read it, just for fun.
Rhoads is a (nonquantitative) political scientist and he’s writing about basic economic concepts such as opportunity cost, marginalism, and economic incentives. As he puts it, “welfare economics is concerned with anything any individual values enough to be willing to give something up for it.” The first two-thirds of the book is all about the “economist’s view” (personally, I’d prefer to see it called the “quantitative view”) of the world and how it applies to policy issues. The quick message, which I think is more generally accepted now than in the 1970s when Rhoads started working on this book, is that free-market processes can do better than governmental rules in allocating resources.
I like the book a lot. During the 25 years since the publication of Rhoads’s book, much has changed in the relation between economics and public policy. So, with this as background, Rhoads’s book is needed now more than ever. Amazon.co. Behavioral Finance Recommended Reading From Hedge Fund Blue Ridge Capital. This is the fourth and final installment of hedge fund Blue Ridge Capital's recommended reading list. Previously, we've revealed Blue Ridge's recommended Analytical Reading List, their Historical/Biographical List, and their Economics List. This week, we'll turn to their recommended Behavioral Finance reads.
Long-time blog readers will know that we track Blue Ridge because they are the pure definition of a 'Tiger Cub'. John Griffin was Julian Robertson's right-hand man while at Tiger Management before founding Blue Ridge. Behavioral Finance Investment Psychology Explained: Classic Strategies to Beat the Market by Martin Pring: A 'back to basics' book on how to beat the market. Beyond Greed and Fear by Hersh Shefrin: A look at how bias, perception, and psychology run the stock market. The Money Game by Adam Smith: Book hypothesizing that the stock market is just a game; explains technical analysis, fundamental analysis, psychology, and more. Recommended Reading Lists - Fundamentals - Gurus. The Little Book. The Monkey Cage: Books on the Global Financial Crisis: An Annotated Field Guide. Here is our second article from The Political Economist, this one by Professor Mark Copelovitch of the University of Wisconsin.
Three years on from the start of the global economic crisis, hardly a day passes without the arrival of yet another highly touted book on what has come to be labeled the “Great Recession.” Indeed, bookshops’ shelves now buckle under the weight of a towering pile of bestsellers (and not-so-bestsellers) on the causes, consequences, and lessons of the crisis. Broadly, these books fall into three genres. First, there are the “current histories” – fast-moving, journalistic accounts detailing the exploits (or treachery) of Wall Street banks, government officials, and other relevant actors prior to and during the crisis.
The best of these accounts include: Fool’s Gold by Gillian Tett; The Big Short, by Michael Lewis; In Fed We Trust, by David Wessel; and Too Big to Fail, by Andrew Ross Sorkin. Charles P. Carmen M. Jeffry A. Hedge Fund Consistency Index, Hedge Funds Research.