Investing columnist for @WSJ. Editor, Benjamin Graham's *The Intelligent Investor.* Author, *Your Money and Your Brain* and *The Devil's Financial Dictionary.*
4 subscribers
Oct 15 • 8 tweets • 2 min read
The newly revised edition of Benjamin Graham's "The Intelligent Investor" comes out a week from today.
He was not only one of the greatest investors who ever lived, but may well have been the wisest.
He was also a brilliant writer.
A thread 🧵
Nov 25, 2022 • 26 tweets • 8 min read
If you’re looking for gifts this holiday season, here are my suggestions for the books every investor should own.
If you’re looking to read and learn, you need books that have stood the test of time. These few will, I believe, still be indispensable decades from now.
I’ve read every one of them from cover to cover, often more than once. (Some aren’t about investing, but I’ve included them because they will help you make better financial decisions.) In alphabetical order:
It was a lecture class -- two or three hundred students sitting in the dark while the omniscient and omnipotent professor declaimed from the stage about the slides projected behind him.
Sep 2, 2022 • 41 tweets • 9 min read
Two of my favorite ideas are:
You should have ego in your work, not for your work,
and:
The more seriously you take your work, the less seriously you should take yourself.
That's because the more you learn, the more you ought to realize how little you know.
And that means that being conceited about what you do isn't just silly; it's absurd.
When you're rowing a dinghy in a giant sea of ignorance--and we all are--you shouldn't brag about how fast you're going, how far you've come, how strong you are, or how beautiful your boat is.
Mar 8, 2021 • 6 tweets • 2 min read
Thanks for weighing in, and I'm sorry I didn't respond earlier.
There is a bit of a lag to the FactSet data, and naturally as AUM varies the numbers will change over time. However, I ran the number past Cathie Wood in our interview and past the ARK team several times after that.
Several readers have emailed asking me for my recommendations of best books on the Crash of 1929, so...
1. Fred Schwed's hilarious & brilliant "Where Are the Customers' Yachts?"
Warren Buffett told me in 2014 that Schwed was the "best ever" financial writer.
(Disclosure: I wrote the introduction to the 2006 edition, but I don't receive royalties on it.)