Invest Like the Greats

The books, in order

1. 1

   Personal Finance · 16 min

   The Zurich Axioms

   Max Gunther

   Real confidence isn't believing things will work out. It's having already decided what you'll do if they don't.

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2. 2

   Personal Finance · 16 min

   The Warren Buffett Way

   Robert G. Hagstrom

   According to Hagstrom, an executive who admits a mistake in writing in the shareholder letter reveals more about the company's future than any single number from that quarter.

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3. 3

   Personal Finance · 17 min

   One Up On Wall Street

   Peter Lynch

   Noticing a change in your neighborhood's businesses before it hits the news is a real advantage, but it is only worth something after it becomes research, never before.

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4. 4

   Personal Finance · 15 min

   The Little Book That Still Beats the Market

   Joel Greenblatt

   A profitable company that needs little money to keep earning is worth more, in practice, than one that earns the same but devours capital just to stay on its feet.

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5. 5

   Personal Finance · 16 min

   The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success

   William N. Thorndike

   Almost no business course teaches what to do with profit after it lands in the bank account, and that is exactly where ordinary CEOs and the ones who stand out part ways.

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6. 6

   Personal Finance · 16 min

   Common Stocks and Uncommon Profits

   Philip A. Fisher

   For Fisher, spreading a little money across lots of unfamiliar stocks usually hides insecurity in the analysis, and doesn't really protect the investor from it.

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7. 7

   Personal Finance · 19 min

   Venture Deals

   Brad Feld & Jason Mendelson

   Every investment negotiation comes down to two fundamental pillars: how much money each party receives and who has the power to decide the direction of the business.

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8. 8

   Personal Finance · 16 min

   Endgame

   John Mauldin

   Debt is future consumption brought forward: when it piles up for decades, society has to work for years just to pay for the past.

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9. 9

   Personal Finance · 16 min

   The Essays of Warren Buffett

   Warren Buffett

   According to the book, today's price is one day's opinion, while a business's value needs to be estimated carefully.

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10. 10

    Personal Finance · 15 min

    How Countries Go Broke

    Ray Dalio

    According to the book, the top is usually recognized only in hindsight, because people inside the party rarely hear the music stop.

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