Mohnish Pabrai is a successful investor and an avid reader.
He taught himself how to invest by reading books instead of going to business school.
Here are 9 books he studied to learn investing👇🏼
He taught himself how to invest by reading books instead of going to business school.
Here are 9 books he studied to learn investing👇🏼
1. 100 to 1 in the Stock Market
Thomas Phelps explained the path to one hundredfold ones wealth.
This book focuses on long-term investing and the so-called “Buy and Hold” strategy.
He analyzed the great compounders of the past to find out what makes them special.
Thomas Phelps explained the path to one hundredfold ones wealth.
This book focuses on long-term investing and the so-called “Buy and Hold” strategy.
He analyzed the great compounders of the past to find out what makes them special.
2. 100-Baggers
Doubling down on the last book, this book is about finding 100-Baggers.
Stocks that return $100 for every $1 invested.
Mayer studied dozens of 100-Baggers and realized they’re patterns that can be recognized.
He wrote those patterns down in this book.
Doubling down on the last book, this book is about finding 100-Baggers.
Stocks that return $100 for every $1 invested.
Mayer studied dozens of 100-Baggers and realized they’re patterns that can be recognized.
He wrote those patterns down in this book.
3. Analysis of Financial Statements
Every investor must know how to analyze financial statements.
Otherwise, the only thing he can do is speculate and rely on luck.
This is a great book to learn this skill.
It explains analytical tools and gives a comprehensive case analysis.
Every investor must know how to analyze financial statements.
Otherwise, the only thing he can do is speculate and rely on luck.
This is a great book to learn this skill.
It explains analytical tools and gives a comprehensive case analysis.
4. Against the Gods - The Remarkable Story of Risk
Peter L. Bernstein was a successful investor and is one of the greatest thinkers on the topic of risk.
This book is about the history of risk and how mankind slowly that it's not god who determines the future.
Peter L. Bernstein was a successful investor and is one of the greatest thinkers on the topic of risk.
This book is about the history of risk and how mankind slowly that it's not god who determines the future.
5. A Mathematician Plays the Stock Market
John Allen Paulos is a professor of mathematics.
In this book, he uses his insights into mathematics to “explain” the markets and falsify many investment techniques.
It’s an entirely different view of the markets than in most books.
John Allen Paulos is a professor of mathematics.
In this book, he uses his insights into mathematics to “explain” the markets and falsify many investment techniques.
It’s an entirely different view of the markets than in most books.
6. Animal Spirits
The term "animal spirits" originated in Keynes's work about the Great Depression.
The authors elaborate on our disability to behave rationally in markets.
Evolution couldn't hold up with the pace of our inventions.
And our decision-making often shows that.
The term "animal spirits" originated in Keynes's work about the Great Depression.
The authors elaborate on our disability to behave rationally in markets.
Evolution couldn't hold up with the pace of our inventions.
And our decision-making often shows that.
7. A Random Walk Down Wall Street
This investing classic was first published in 1973 and frequently revised since then.
It's about the failures of Wall Street and analyzes the investment strategies of active managers and their flaws.
This investing classic was first published in 1973 and frequently revised since then.
It's about the failures of Wall Street and analyzes the investment strategies of active managers and their flaws.
8. Sam Walton - Made in America
Sam Walton is the founder of Walmart, the largest retailer in the world.
The retailing business is one of the hardest to be in and succeed over the long term.
This book delivers an insight into Walton's mind and his extraordinary success.
Sam Walton is the founder of Walmart, the largest retailer in the world.
The retailing business is one of the hardest to be in and succeed over the long term.
This book delivers an insight into Walton's mind and his extraordinary success.
9. Essays In Persuasion
Published in 1932, this is the oldest book on the list.
It deals with the economic policies of the 20th century and offers an insight into Keynes's thinking.
It's not for everybody, but if you're interested in economic history, it's a great read.
Published in 1932, this is the oldest book on the list.
It deals with the economic policies of the 20th century and offers an insight into Keynes's thinking.
It's not for everybody, but if you're interested in economic history, it's a great read.
That's it for today!
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Follow me @MnkeDaniel to learn more about Investing.
Have a great day!
If you enjoyed it, please Like and Retweet this Thread so more people can see it!
Follow me @MnkeDaniel to learn more about Investing.
Have a great day!
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- Books on Superinvestors/Politicians/Entrepreneurs
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- Investing Articles
- Free PDFs of Investment Letters, Speeches, and Investing Classes
- Book Recommendations on Investing, Valuation, Psychology, etc.
- A Thread Archive
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