Investing with Shane Parrish (7 books)
Curated by Shane Parrish
Books every investor needs to read, chosen by the writer of Farnam Street Blog.
470
The Misbehavior of Markets

The financial theories you learn about in school are coherent, neat, convenient – and wrong. In fact, they’re so wrong that they might also be dangerous: in underestimating the risk of markets, we inadvertently set ourselves up for catastrophe. The Misbehavior of Markets lays out the flaws of economic orthodoxy, and offers a novel alternative: fractal geometry.

Benoit Mandelbrot and Richard L. Hudson
470
Fooled by Randomness

Fooled by Randomness is a collection of essays on the impact of randomness on financial markets and life itself. Through a mixture of statistics, psychology and philosophical reflection, the author outlines how randomness dominates the world.

Nassim Nicholas Taleb
470
The Most Important Thing

In The Most Important Thing, Howard Marks outlines the sometimes controversial investment philosophy that he developed and honed through many years of market experience. In his view, successful investment requires us to pay thoughtful attention to many different aspects of the current market, and too often use that information to counter the predominant trends.

Howard Marks
470
The Intelligent Investor

The Intelligent Investor offers sounds advice on investing from a trustworthy source – Benjamin Graham, an investor who flourished after the financial crash of 1929. Having learned from his own mistakes, the author lays out exactly what it takes to become a successful investor in any environment.

Benjamin Graham and comments by Jason Zweig
470
The Little Book That Still Beats the Market

Want to invest your hard-earned cash in something that’ll pay real dividends? Not sure how to negotiate the mumbo-jumbo of the financial world? The Little Book That Still Beats the Market is a New York Times bestseller that introduces and explains a simple formula that enables anyone to make above-average returns on the stock market.

Joel Greenblatt
470
Common Stocks and Uncommon Profits and Other Writings

Common Stocks and Uncommon Profits gives you all the information you need to make smart investments, regardless of your investment style. Whether you’re looking for huge profits or simply to maintain existing funds, this book shows you the path to success.

Philip A. Fischer
470
The Dao of Capital

The Dao of Capital takes the reader on a journey from ancient China to nineteenth and twentieth century Vienna, to modern, globalized markets. Using a multitude of examples, it outlines the approach of “roundabout investing” or “Austrian investing,” which is based on ancient Daoist wisdom of “gaining by losing.” See how strategic investing, rather than rapid and rushed investing, can lead you to great financial success.

Mark Spitznagel
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