Books & Resources
We would like to share with you the books and other resources we have enjoyed and think are interesting for anybody trying to learn more about Value in general.
Fooling Some of the People All of the Time
An amazing fight against the “system” by David Einhorn, sometimes it takes huge efforts knowing one is right, very interesting to read. Big lessons and amusing at the same time.
A good book on how “outsider” CEO´s have had an impressive impact on shareholder returns, definitively a must. Using Warren Buffett´s analogy: “the jockey riding the horse can be quite relevant”.
The Intelligent Investor
With Benjamin Graham Value Investing as a concept started, a classic which every investor should have read.
A very intersting book about the “quality” attributes for investing. It reminds one that quality is not reached by chance.
The Most Important Thing Illuminated
A book that collects many of its “memos” to clients, enjoyable and very instructive. Essential.
A great book that focuses on the tools to know where we are in each cycle and how to take advantage of this knowledge.
Common Stocks and Uncommon Profits
With this lecture Buffett complemented Benjamin Graham teachings and developed his own Value Investing technique.
The Little Book of Behavioral Investing
Investing is not only about pure valuation, but also about being smartly contrarian.
The Dhandho Investor
A quite interesting (value) view about Risk & Reward by Mohnish Pabrai. Another must.
Margin of Safety
A very tough to find book as it was only printed once, Seth´s pure essence.
Contrarian Investment Strategies
A more “quantitative” style of value investing, always interesting too.
The capital cycle is key for outstanding long term investment returns.
The incredible story of how Phil Knight started and developed the Nike brand. It also gives many human lessons.
Why Nations Fail
Easy to read and quite interesting to see how we might help the world to become more prosperous (thanks to Felipe Ruiz for the tip).
How to nurture and keep a vital and creative work environment (thanks to Dan Abrahams for the present).
There's Always Something to Do
A very instructive book by a great Canadian Value investor. The important issue is that there is always something to do and somewhere in the world to invest.
It is a basic book by a theoretical eminence of the “Value” world: Bruce Greenwald. It teaches to value companies from almost zero.
Applied Value Investing
This book follows up the previous one with practical valuation examples.
Amusing Ourselves to Death
Very up to date mid 80s assessment of the reasons why people are more and more a crowd… (thanks to Milo Jones for the tip).
A “different” book on marketing (thanks to Guy Spier for the book).
The Art of War
An all time classic, timeless philosphy which can also be applied to most aspects in life (including investing, especially being an Activist).