"A person who does not read good books has no advantage over a person who does not know how to read"
Mark Twin
introduction
Mark Twain said, "A person who does not read good books has no advantage over a person who does not know how to read , " so I have compiled for you the books I have read.
When interviewing the most successful people in the world, one of the things that everyone has in common is a huge investment in knowledge by reading books. The "invest differently" website is designed just for that, to invest your time differently in order to gain a lot of knowledge in the field of investments and personal development.
The list of books on the site is divided into several categories:
1. Investments + value investments
2. Biographies
3. Business and management
4. Economics
5. Personal development
pay attention!
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This list is updated periodically, so check from time to time to see if any new books have been added that interest you.
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Each time I add a book, it will appear at the bottom of the list in its category.
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The order of the books within the category does not matter.
Categories books
Investments + value investments
The Intelligent Investor / Benjamin Graham
A must-read book for any value investor, the book is recommended by Warren Buffett hundreds of times in various interviews. The investment.
Security Analysis / Benjamin Graham & David L.Dodd
A must-read book for any value investor who wants to delve deeper into financial statement analysis. The book was written by two Columbia University professors, who are considered the founders of the value investing philosophy.
Common Stocks and Uncommon Profits / Philip A.Fisher
Another book recommended by Warren Buffett. Philip Fisher was one of the investors who greatly influenced Warren Buffett. While his influence was not as strong as Benjamin Graham's, it led to a focus on good business, not just cheap. The book describes in points what to look for in investments, and in my opinion it greatly contributes to development as an investor.
Beating the Street / Peter Lynch
One of the first books I read, and highly recommended. Peter Lynch managed the Magellan Mutual Fund's investments under the Fidelity Company and achieved incredible returns. Lynch gives tools on how to look for investment companies and gives many examples of investments he has made. At the end of the book Lynch gives 25 golden rules for investing. One of the rules behind any stock is a business, and check what the business is doing.
One Up on Wall Street / Peter Lynch
The second book I read was written by Peter Lynch and is also highly recommended. The part I really liked about it was Linz's explanation of investing in Turnaround and periodic companies.
How to Pick Stocks Like Warren Buffett / Timothy Vick
An excellent book on the techniques that Warren Buffett uses to invest in stocks. Highly recommended for those who want to learn about Warren Buffett value investments.
You Can Be a Stock Market Genius / Joel Greenblatt
A must-read book for those who want to become more professional in investing. The two topics I like best about this book are investing in special situations - Risk Arbitrage and Spinoffs and investing through long-term options (LEAPS). The writer, Greenblatt, ran the Gotham Capital Fund, which yielded astonishing returns, higher than Buffett's at the time. In addition, Ginblatt is a professor at Columbia University and teaches value investing.
The Little Book of Value Investing / Christopher H.Browne
A cute, easy-to-read book about value investing. Touches on the main principles, but in a less profound way. Suitable for those who are interested in value investments, but do not see themselves engaged in the field. Nice book for a long flight.
The Little Book that beats the Market / Joel Greenblatt
A short and highly recommended book on how to beat the indices, written by Prosper Greenblatt of Columbia University. The book provides a winning formula for selecting investments that are expected to yield high returns.
More Money Than God / Sebastian Mallaby
A different book, not from the book group of value investments, shows that there are many ways to make a profit in the capital market. The book tells the story of very successful hedge fund managers who operated differently but made a great deal of money. Highly recommend reading the book even for those who focus on value investing. It is important to understand that there are other people, other than Warren Buffett, who earned a lot of the financial markets, also by using different methods.
Common Stocks & Common Sense / Edgar Wachenheim
An excellent book recommended to me by an investor named Liron Manor. The book describes in depth the strategy and analysis of a successful value investor. A professional book suitable for those who deal with investments.
Market Wizard / Jack D.Schwager
Tell anyone interested in stock trading. The success story of a number of traders, who made a fortune through various trading strategies in stocks, currencies and commodities. Among the selling traders are Paul Tudor Jones and Bruce Kovner.
The Education of a Value Investor / Guy Spier
I loved the book, I recommend it and took a few points from it: your work environment has a big impact on you; It is better to strive to meet better people; Enjoy life - do not take everything seriously of life and death; Reduce quote viewing time and get into Deep Work mode and work with a checklist when making investments .
Biographies
THE SNOWBALL - Warren Buffett and business of life / Alice Schroeder
The most comprehensive biography of Warren Buffett, over 800 pages. The book is suitable for those who love biographies and have the patience to read a lot. Occasionally some interesting details are revealed about Warren and the investments, but this is a less professional book.
The Warren Buffett Way / Robert G. Hagstrom
A global bestseller, simply describing Warren Buffett's approach and methods to investing. The book includes many examples with real facts about stocks Buffett has purchased. The book is divided into business, managerial, financial and value principles that constitute guidelines for investing in stocks. If I had to pick one book about Warren Buffett, to understand what approach he takes and what principles are important to him - I would definitely choose this book.
Buffett The Making of an American Capitalist
This is a shorter biography than Snowball, it is "only" 400 pages. Of all the biographies on Buffett, Bill Gates recommended this book. Written in a beautiful and interesting way.
TITAN - The Life of John D.Rockefeller, Sr. / Ron Chernow
A very interesting biography of Rockefeller (the first). How he built his empire from scratch and what values he believed in. Like many biographies, this book contains 700 pages and is therefore suitable for biographers.
Winning / Jack Welch, Suzy Welch
Autobiography of one of the greatest executives in history, who ran GE during the company's heyday. Recommended for those who want to learn about managing a corporation from Welch's experience.
An excellent book on entrepreneurship, written by the founder of Nike. The book describes the many challenges you have to deal with at the beginning of Nike's (or in its original name). A book recommended for any entrepreneur.
And
Business and management
Principle 80/20 - Focus mainly and get results / Richard Cook
I recommend reading the book, especially for someone who is in management or thinking about a career that includes employee management or consulting. The book deals with the 80/20 principle based on the Pareto law, meaning that a small proportion of the factors, inputs or efforts invested usually achieve most of the results or outputs. For example: 20% of your actions will be responsible for 80% of your results. The book makes you think about those 20% that are important in every area of your life, that can improve 80% of your results.
Built To Last / Jim Collins and Jerry I.Porras
A must-read book for anyone interested in business or building a company. An in-depth study that deals with the differences between the best companies in their field compared to their competitors, and what are the common things of the excellent companies that have stood the test of time. Most of the companies mentioned in the book are familiar to most people such as: IBM, Disney, P&G, Ford, Wal-Mart and more. An interesting statistic for investments: The share returns of the excellent companies were significantly higher than the return of the main indices over the years, and compared to the return of the competing companies selected for comparison purposes in the study that appears in the book.
This book is also in my opinion a must-read book for anyone interested in business or building a company. The book describes what differentiates good companies from excellence and it describes the breakthrough points of excellent companies from the construction stage to rapid growth. The book of course describes what it takes for a company to be excellent and not just good.
The Outsiders / William N.Thorndike, Jr.
Excellent book, a must read! Describes the story of eight CEOs who created significant capital to their investors by proper capital allocation over the years. Warren Buffett is one of the CEOs, but the rest is not less interesting, especially Henry Singleton.
Economics
The world is flat / Thomas L.Friedman
An interesting book on globalization, written by Thomas Friedman, who has won the Pulitzer Prize three times for his journalistic work in the New York Times.
Personal Development
The Richest Man in Babylon / George S.Clason
A very cute book, which tells about the accumulation of wealth with the help of a story of the rich man in Babylon. There's no secret to get rich quick, but beautiful presentation of principles to get rich over time.
Think and Grow Rich / Napoleon Hill
A classic in personal development books. In my opinion this is a must read book for any person who aspires to succeed and achieve his goals in life. The book is written as a textbook, not an interesting story, so you have to devote time to each chapter and sometimes read parts of the book several times.
An excellent book for mental strengthening, which helps to break boundaries. Tim Gruber has accompanied the greatest basketball players of all time, Michael Jordan and Kobe Bryant and helped them become the legends they are today. The book is suitable for people who really want to be in the top 1% in their field, who are willing to raise the bar again and again.