Recommendations

  • Fooled by Randomness

    Fooled by Randomness

    Fooled by Randomness

    Nassim Nicholas Taleb
    Business & Economics
    4.07 (55,864)

    Howard Marks

    I think it's a really important book in terms of its ideas.

     — Source

  • A Short History of Financial Euphoria

    A Short History of Financial Euphoria

    A Short History of Financial Euphoria

    John Kenneth Galbraith
    Business & Economics
    4.09 (1,313)

    The world-renowned economist offers "dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague of junk bonds."--The Atlantic.

    Howard Marks

    That has been very inspirational for me.

     — Source

  • Principles

    Principles

    Principles

    Jeremy Bobb,Ray Dalio
    Business & Economics
    4.08 (45,960)

    In 1975, ray dalio founded an investment firm, bridgewater associates, out of his two-bedroom apartment in new york city. forty years later, bridgewater has made more money for its clients than any other hedge fund in history and grown into the fifth most important private company in the united states, according to fortune magazine. dalio himself has been named to time magazine’s list of the 100 most influential people in the world. along the way, dalio discovered a set of unique principles that have led to bridgewater’s exceptionally effective culture,

    Howard Marks

    Recommended on Tim Ferriss' podcast

     — Source

  • The Warren Buffett Way

    The Warren Buffett Way

    The Warren Buffett Way

    Robert G. Hagstrom
    Business & Economics
    4.16 (14,046)

    Describes the investment strategies of the world's most famous stock investor, recounting how he made a fortune by purchasing pieces of outstanding companies since the early 1980s

    Howard Marks

    Recommended on Tim Ferriss' podcast

     — Source

  • Factfulness

    Factfulness

    Factfulness

    Anna Rosling Rönnlund,Hans Rosling,Ola Rosling
    Business & Economics
    Nature
    4.34 (150,518)

    When asked simple questions about global trends—what percentage of the world’s population live in poverty; why the world’s population is increasing; how many girls finish school—we systematically get the answers wrong. so wrong that a chimpanzee choosing answers at random will consistently outguess teachers, journalists, nobel laureates, and investment bankers.in factfulness, professor of international health and global ted phenomenon hans rosling, together with his two long-time collaborators, anna and ola, offers . they reveal —from our tendency to divide the world into two camps (usually some version of us and

    Howard Marks

    I would recommend Factfulness, and I love the idea of unmasking biases.

     — Source

  • Against the Gods

    Against the Gods

    Against the Gods

    Peter L. Bernstein
    Business & Economics
    3.97 (11,892)

    A Business Week, New York Times Business, and USA Today Bestseller "Ambitious and readable . . . an engaging introduction to the oddsmakers, whom Bernstein regards as true humanists helping to release mankind from the choke holds of superstition and fatalism." —The New York Times "An extraordinarily entertaining and informative book." —The Wall Street Journal "A lively panoramic book . . . Against the Gods sets up an ambitious premise and then delivers on it." —Business Week "Deserves to be, and surely will be, widely read." —The Economist "[A] challenging book, one that may change forever the way people think about the world." —Worth "No one else could have written a book of such central importance with so much charm and excitement." —Robert Heilbroner author, The Worldly Philosophers "With his wonderful knowledge of the history and current manifestations of risk, Peter Bernstein brings us Against the Gods. Nothing like it will come out of the financial world this year or ever. I speak carefully: no one should miss it." —John Kenneth Galbraith Professor of Economics Emeritus, Harvard University In this unique exploration of the role of risk in our society, Peter Bernstein argues that the notion of bringing risk under control is one of the central ideas that distinguishes modern times from the distant past. Against the Gods chronicles the remarkable intellectual adventure that liberated humanity from oracles and soothsayers by means of the powerful tools of risk management that are available to us today. "An extremely readable history of risk." —Barron's "Fascinating . . . this challenging volume will help you understand the uncertainties that every investor must face." —Money "A singular achievement." —Times Literary Supplement "There's a growing market for savants who can render the recondite intelligibly-witness Stephen Jay Gould (natural history), Oliver Sacks (disease), Richard Dawkins (heredity), James Gleick (physics), Paul Krugman (economics)-and Bernstein would mingle well in their company." —The Australian

    Howard Marks

    Recommended on Tim Ferriss' podcast

     — Source