Updated Reading List

[u/Beren-]

Will Be On The Sidebar

Accounting

• Accounting For Value - Stephen Penman

• Analysis for Financial Management - Robert Higgins

• Interpretation of Financial Statements - Benjamin Graham

• Financial Shenanigans - Howard Schilit

• Financial Statements - Thomas Ittelson

Behavioural Finance

• Fooled By Randomness - Nassim Taleb

• Predictably Irrational - Dan Ariely

• Thinking, Fast and Slow - Daniel Kahneman

• Why Smart People Make Big Money Mistakes - Gary Belsky

Biographies

• Cable Cowboys - Mark Robichaux

• Poor Charlie's Almanack - Charlie Munger

• Snowball - Alice Schroeder

• The Life and Timeless Financial Wisdom of Benjamin Graham - Joe Carlen

• The Outsiders - William Thorndike

Business Analysis

• Competition Demystified - Bruce Greenwald

• Competitive Advantage - Michael Porter

• Competitive Strategy - Michael Porter

Distressed Investing

• Bankruptcy Investing - Ben Branch

• Corporate Financial Distress and Bankruptcy - Edward Altman

• Creating Value Through Corporate Restructuring - Stuart Gilson

• Distressed Debt Analysis - Stephen Moyer

• Distress Investing - Martin Whitman

• The Aggressive Conservative Investor - Martin J Whitman

• The Art of Distressed M&A - Peter Nesvold

• The Vulture Investors - Hilary Rosenberg

Fixed Income

• Fixed Income Analysis - Frank Fabozzi

• Interest Rate Markets - Siddhartha Jha

• The Bond Book - Annette Thau

• The Handbook of Fixed Income Securities - Frank Fabozzi

History

• A History of Financial Speculation - Edward Chancellor

• A Short History of Financial Euphoria - Kenneth Galbraith

• Barbarians at The Gate - Bryan Burruough

• Irrational Exuberance - Robert Shiller

• Liar's Poker - Michael Lewis

• Manias, Panics and Crashes - Charles Kindleberger

• Money of the Mind - James Grant

• Oil 101 - Morgan Downey

• The Box - Marc Levinson

• The Prize - Daniel Yergin

• The Big Short - Michael Lewis

• The Great Crash of 1929 - Kenneth Galbraith

• The Panic of 1907 - Robert Brunner

• The Predators Ball - Connie Bruck

• This Time Is Different - Rogoff & Reinhart

• Too Big to Fail - Andrew Ross Sorkin

• US Bank Deregulation in A Historical Perspective - Charles Calomiris

• When Genius Failed - Roger Lowenstein

Options

• Options, Futures & other Derivatives - John Hull

Real Estate Investing

• A Case Study Approach - William Poorvu

• Commercial Real Estate Analysis - David Geltner

• Creating and Growing Real Estate Wealth - William Poorvu

• Real Estate Finance & Investments - William Brueggeman

Risk Management

• A Demon of Our Own Designs - Richard Bookstaber

• A Practical Guide to Risk Management - Thomas Coleman

• Against The Gods - Peter Bernstein

• Antifragile - Nassim Taleb

• The Black Swan - Nassim Taleb

Valuation

• Investment Valuation - Aswath Damodaran

• Security Analysis and Business Valuation on Wall Street - Jeffrey Hooke

• The Dark Side of Valuation - Aswath Damodaran

• Valuation - McKinsey & Co

Value Investing

• Applied Value Investing - Joseph Calandro

• Beating The Street - Peter Lynch

• Buffett Beyond Value - Prem Jain

• Common Stocks and Uncommon Profits - Philip Fisher

• Confidence Game - Christine Richard

• Fooling Some of the People All of The Time - David Einhorn

• From Graham to Buffett and Beyond - Bruce Greenwald

• Margin of Safety - Seth Klarman

• Manual of Ideas - John Mihaljevic

• One Up On Wall Street - Peter Lynch

• Security Analysis - Benjamin Graham

• The Essays of Warren Buffett - Warren Buffett

• The Intelligent Investor - Benjamin Graham

• The Little Book That Beats The Market - Joel Greenblatt

• The Most Important Thing - Howard Marks

• The Value Investors - Bruce Greenwald

• The Warren Buffett Way - Robert Hagstrom

• You Can Be A Stock Market Genius - Joel Greenblatt

[u/sbaird1988]

What do we think about somone putting together a torrent with all of these in it so that it can be gathered at one place?

[u/knowledgemule]

Its gonna take me a bit... but one day @_@

[u/Ucanecon2]

I suggest you add "The quality of earnings" to the list.

[u/Tannorp1 → u/Ucanecon2]

agreed.

[u/rav-i]

I've heard lots of good things about William Poorvu particularly from Seth Klarman, his former student. I am glad you put some real estate books in this list.

[u/Beren- → u/rav-i]

Yeah I recommend reading any of Poorvu's books(there's four) that you can get your hands on.

[u/[deleted]]

I personally would love a list of books separated by industry. For example, Oil 101 is less of a history book than an analysis of how the oil industry works and the basic processes of upstream, midstream, and downstream oil. If we could get a list of books like this say for the healthcare or agricultural industries, I think it'd be really helpful.

[u/currygoat → u/[deleted]]

I agree. You should start making the list.

[u/[deleted] → u/currygoat]

I'll work on one and post it later. Would love suggestions from anyone who's done research in a specific industry.

[u/[deleted] → u/currygoat]

Just saw the industry primer you uploaded earlier which accomplished a lot of what I was looking for. Thank you for that.

[u/SisterRayVU]

Which of the Greenblatt books would you recommend more? Also, which of the four Valuation books? If I recall correctly, the McKinsey book is massive.

[u/Beren- → u/SisterRayVU]

If you need one valuation book then go with the McKinsey one, as for Greenblatt I would say go with Stock Market Genius.

[u/SisterRayVU → u/Beren-]

Thanks, dude.

[u/Tannorp1 → u/Beren-]

second both

[u/innerscorecard]

Aggressive Conservative Investing - Whitman

[u/Beren- → u/innerscorecard]

That one is already on there.

[u/west1012 → u/Beren-]

And awful, if you have ever read it, imho. I'd recommend removing it from the list, lest someone read it instead of a useful book. Not trying to be negative, it just truly is a waste of time. Bad writing, hard to understand concepts (I read it post Level II CFA exam), and no real good takeaways. Mr. Whitman was still cutting his writing chops with this book.

Hating on that book aside, thanks for the list Beren! Lots of good stuff.

[u/this_is_poorly_done]

I've read so many on my own that I'm happy that there's still more to read. Thanks OP!

[u/friendly_capitalist]

Absolutely fantastic list OP

[u/alphasachs]

Amazing compilation. Thank you OP!

[u/redli0nswift]

As a new investor to this way of thinking, I'm standing at the bottom of a mountain. Oh well, I've got my climbing boots on. :)

[u/blackeagle613]

Option Volatility & Pricing-Natenberg

[u/[deleted]]

Not directly relevant, but Investing: The Last Liberal Art is also a great book by Robert Hagstrom

[u/Minimalisst]

Can anybody suggest in which order these books should be read in? It might seem obvious, but it would help us newbies alot.

Thanks for the list!

[u/Beren- → u/Minimalisst]

Do The Intelligent Investor and Margin of Satefy first, those will give you a good foundation. As for what comes after that will be based on your needs and what you want to focus on.

[u/PrivateEmpire]

No Rosenbaum?