I’m sharing a thread of investing/business related books I’ve read this year. 
A Man For All Markets – Edward Thorp
Autobiography about a really interesting person. Amazing how he went from developing a strategy to win at blackjack to a really successful hedge fund. With a longer track record he could be considered one of the greats.
Autobiography about a really interesting person. Amazing how he went from developing a strategy to win at blackjack to a really successful hedge fund. With a longer track record he could be considered one of the greats.
The Big Short – Michael Lewis
Lewis is probably one of the best financial writers and this story is one of the most interesting of the past decades. If you liked the movie you’re going to love this one.
Lots of insights from 08 and previous years to see what actually happened.
Lewis is probably one of the best financial writers and this story is one of the most interesting of the past decades. If you liked the movie you’re going to love this one.
Lots of insights from 08 and previous years to see what actually happened.
Capital Returns – Edward Chancellor
Compilation of Marathon AM letters. Interesting to see how the capital cycle works through different industries and how to avoid getting caught in the wrong part of a cyclical business.
Compilation of Marathon AM letters. Interesting to see how the capital cycle works through different industries and how to avoid getting caught in the wrong part of a cyclical business.
The Most Important Thing – Howard Marks
Kind of basic level but it’s an easy read and it’s always worth it to have a look at what Howard Marks writes. Again, I would recommend this for someone starting out but you get a nice mental model from it.
Kind of basic level but it’s an easy read and it’s always worth it to have a look at what Howard Marks writes. Again, I would recommend this for someone starting out but you get a nice mental model from it.
Only The Best Will Do – Peter Seilern
He manages one of my favorite funds out there. It’s a great book to understand why it’s important look for quality growth companies and realize that a cheap valuation is not the most important thing in investing.
He manages one of my favorite funds out there. It’s a great book to understand why it’s important look for quality growth companies and realize that a cheap valuation is not the most important thing in investing.
Platform Revolution – Parker, Van Alstyne and Choudary
Platforms are eating the world. This is a great book to understand why platforms offer superior business models that can achieve higher and longer growth rates than what the old economy companies taught us.
Platforms are eating the world. This is a great book to understand why platforms offer superior business models that can achieve higher and longer growth rates than what the old economy companies taught us.
Common Stocks and Uncommon Profits – Philip A. Fischer
I’m kind of embarrassed that I haven’t read this one until this year but it’s one of the best investment books ever written. Everyone should read this one starting out as the Intelligent Investor and One Up On Wall Street.
I’m kind of embarrassed that I haven’t read this one until this year but it’s one of the best investment books ever written. Everyone should read this one starting out as the Intelligent Investor and One Up On Wall Street.
If Graham is the father of value investing Fischer is for sure the father of quality growth investing.
Even though I don’t like to separate the investment styles, as Graham was way more focused on the quality of the business than what many people think today.
Even though I don’t like to separate the investment styles, as Graham was way more focused on the quality of the business than what many people think today.
The Essays of Warren Buffett – Lawrence Cunningham
This one is a must. Buffett has shared so much knowledge during his life and so long ago that it’s kind of unbelievable that so many mistakes are committed in basic things nowadays.
This one is a must. Buffett has shared so much knowledge during his life and so long ago that it’s kind of unbelievable that so many mistakes are committed in basic things nowadays.
The Alpha Masters – Maneet Ahuja
Every chapter is about a different hedge fund manager (Ray Dalio, John Paulson, Ackman, @DanielSLoeb1,...). Great to see how stellar results can be achieved with many different strategies.
Every chapter is about a different hedge fund manager (Ray Dalio, John Paulson, Ackman, @DanielSLoeb1,...). Great to see how stellar results can be achieved with many different strategies.
The Man Who Solved The Market – Gregory Zuckerman
This one is about the story of Jim Simmons and his famous Medallion Fund. There’s some kind of mystery around his figure and this books does a great job. There’s some politics in the end that I didn’t liked that much.
This one is about the story of Jim Simmons and his famous Medallion Fund. There’s some kind of mystery around his figure and this books does a great job. There’s some politics in the end that I didn’t liked that much.
The Accidental Billionaires: The Founding of Facebook – Ben Mezrich
This is the book on which The Social Network movie is “based” on. After reading it you find out that the movie is sensationalist and how many people have made a wrong image about Zuckerberg because of it. $FB
This is the book on which The Social Network movie is “based” on. After reading it you find out that the movie is sensationalist and how many people have made a wrong image about Zuckerberg because of it. $FB
The Art of Execution – Lee Freeman-Shor
Great read analyzing how many PMs manage their positions and finding which are the best methods. From #NeverSell your winners to cut your losers fast, average down,...
Great read analyzing how many PMs manage their positions and finding which are the best methods. From #NeverSell your winners to cut your losers fast, average down,...
Zero To One – Peter Thiel
Thiel is one of the most famous VCs out there and in this book he shares is approach to what he looks for in business and an interesting take on how the best ones are those that don’t have competition.
Thiel is one of the most famous VCs out there and in this book he shares is approach to what he looks for in business and an interesting take on how the best ones are those that don’t have competition.
No Filter – Sarah Frier
We all know about the Instagram acquisition by $FB, but this book shares the intrahistory from the foundation of IG to the exit of Kevin Systrom.
Didn’t knew that @Jack was trying to acquire IG before Zuck did.
We all know about the Instagram acquisition by $FB, but this book shares the intrahistory from the foundation of IG to the exit of Kevin Systrom.
Didn’t knew that @Jack was trying to acquire IG before Zuck did.
Always Day One – Alex Kantrowitz
The tittle comes from the famous Bezos approach that he applies in Amazon. Great book about the cultures at Amazon, Facebook, Alphabet, Microsoft and Apple.
$AMZN $FB $GOOG $MSFT $AAPL
The tittle comes from the famous Bezos approach that he applies in Amazon. Great book about the cultures at Amazon, Facebook, Alphabet, Microsoft and Apple.
$AMZN $FB $GOOG $MSFT $AAPL
What It Takes – Stephen Schwarzman
Probably one of the best ones I’ve read this year. Autobiography of the CEO of Blackstone, amazing to see his determination to achieve his goals and the level of detail of the insights he shares.
Probably one of the best ones I’ve read this year. Autobiography of the CEO of Blackstone, amazing to see his determination to achieve his goals and the level of detail of the insights he shares.
100 Baggers – Chris Mayer
I don’t know if I’ll ever get a 100 bagger (hopefully yes) but the mental model you get from this book is great.
I don’t know if I’ll ever get a 100 bagger (hopefully yes) but the mental model you get from this book is great.
My main take is to focus on buying great companies and holding them forever unless the story changes. Don’t sell on valuation, great companies eventually get expensive.
Todo Se Puede Entrenar – Toni Nadal
It’s only in Spanish, but if you can read it go ahead. Written by Rafa Nadal’s uncle, he shares his approach to life and how he trained his nephew in an effort culture (kind of stoic too). Part of Rafa’s success comes from this mentality.
It’s only in Spanish, but if you can read it go ahead. Written by Rafa Nadal’s uncle, he shares his approach to life and how he trained his nephew in an effort culture (kind of stoic too). Part of Rafa’s success comes from this mentality.
Straight To Hell – John LeFevre
To me this book felt like a modern version of Liar’s Poker, which is one of my favorite books. Fun read in which LeFevre shares a lot of insights from his time at the industry.
To me this book felt like a modern version of Liar’s Poker, which is one of my favorite books. Fun read in which LeFevre shares a lot of insights from his time at the industry.
AI Superpowers – Kai-Fu Lee
This one is about how the artificial intelligence trend is developing in China thanks to the government plan. The first part is really good about how China enterprise ecosystem developed into what it’s today. I didn’t liked the second part that much.
This one is about how the artificial intelligence trend is developing in China thanks to the government plan. The first part is really good about how China enterprise ecosystem developed into what it’s today. I didn’t liked the second part that much.
Alibaba’s World – Porter Erisman
This book goes from the foundation of $BABA to its IPO in 2014, all narrated by an insider. There’s a huge focus on Jack Ma’s and how he achieve the impossible.
This book goes from the foundation of $BABA to its IPO in 2014, all narrated by an insider. There’s a huge focus on Jack Ma’s and how he achieve the impossible.
Lessons From The Titans – Melius Research
I bought this one because of the chapter about $TDG but there are great stories here about the big industrials, really worth it. General Electric, Boeing, Danaher, Roper, Caterpillar,...
I bought this one because of the chapter about $TDG but there are great stories here about the big industrials, really worth it. General Electric, Boeing, Danaher, Roper, Caterpillar,...
The Everything Store – Brad Stone
Great book about $AMZN but specially about Bezos determination and vision. Lots of great stories and insights from insiders at Amazon, you get to fell the culture.
Great book about $AMZN but specially about Bezos determination and vision. Lots of great stories and insights from insiders at Amazon, you get to fell the culture.
Investing For Growth – Terry Smith
It’s a collection from articles written by Terry over the years, but I’ll happily pay to have them in hardcover, he’s probably the guy I’ve learned the most from. Even though the level is kind of basic and sometimes it can feel repetitive.
It’s a collection from articles written by Terry over the years, but I’ll happily pay to have them in hardcover, he’s probably the guy I’ve learned the most from. Even though the level is kind of basic and sometimes it can feel repetitive.
And that’s it from me! If my math works that’s 24 books for the year, so I’m happy as my goal is to read about a couple a month. Hope you liked it.
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