Author of The Joys Of Compounding (https://t.co/cTRqK3WrFL). Portfolio Manager. Lifelong Learner.
30+ Book Recommendations by Gautam Baid
Unknown Market Wizards
Jack D. SchwagerThe Market Wizards are back! Unknown Market Wizards continues in the three-decade tradition of the hugely popular Market Wizards series, interviewing exceptionally successful traders to learn how they achieved their extraordinary performance results. The twist in Unknown Market Wizards is that the featured traders are individuals trading their own accounts. They are unknown to the investment world. Despite their anonymity, these traders have achieved performance records that rival, if not surpass, the best professional managers. Some of the stories include: - A trader who turned an initial account of $2,500 into $50 million. - A trader who achieved an average annual return of 337% over a 13-year period. - A trader who made tens of millions using a unique approach that employed neither fundamental nor technical analysis. - A former advertising executive who used classical chart analysis to achieve a 58% average annual return over a 27-year trading span. - A promising junior tennis player in the UK who abandoned his quest for a professional sporting career for trading and generated a nine-year track record with an average annual return just under 300%. World-renowned author and trading expert Jack D. Schwager is our guide. His trademark knowledgeable and sensitive interview style encourages the Wizards to reveal the fascinating details of their training, experience, tactics, strategies, and their best and worst trades. There are dashes of humour and revelations about the human side of trading throughout. The result is an engrossing new collection of trading wisdom, brimming with insights that can help all traders improve their outcomes.
Mukherjea SaurabhIndia's economy has tripled in size over the past twenty years. And yet, the generation that propelled this growth is facing rising levels of stress and depression. Furthermore, the new generation entering the workforce today dreams big but faces a highly competitive work environment. How can both these generations fire on all cylinders and lead fulfilling lives? This book attempts to answer this question by using the principles of Simplicity, Specialization, Creativity and Collaboration. It delves into a treasure trove of material from global gurus as well as from highly successful Indian and American professionals, and it draws on the authors' own careers to show how readers can apply these principles to the fields of business and investment, even to life itself. The Victory Project is the ultimate guide to surviving and thriving in the professional and social domains, which are increasingly becoming tough, competitive, often cutthroat and deeply political.
The Intuitive Investor
Jason Apollo Voss"Successful Wall Street fund manager retired at age 35 guides investors to use intuitive and creative right-brained processes to complement traditional left-brain financial analysis. Author describes his principles based on spiritual insights and provides professional anecdotes to support his theories"--Provided by publisher.
The Psychology of Money
Morgan HouselDoing well with money isn't necessarily about what you know. It's about how you behave. And behavior is hard to teach, even to really smart people. Money--investing, personal finance, and business decisions--is typically taught as a math-based field, where data and formulas tell us exactly what to do. But in the real world people don't make financial decisions on a spreadsheet. They make them at the dinner table, or in a meeting room, where personal history, your own unique view of the world, ego, pride, marketing, and odd incentives are scrambled together. In The Psychology of Money, award-winning author Morgan Housel shares 19 short stories exploring the strange ways people think about money and teaches you how to make better sense of one of life's most important topics.
Héctor GarcíaInterviews with the residents of a Japanese village that has the world's highest percentage of centenarians reveals the secrets to happiness and longevity through "ikigai," the intersection of passion, purpose, and mission.
The Long Good Buy
Peter C. OppenheimerPRAISE FOR THE LONG GOOD BUY: "Oppenheimer offers brilliant insights, sage advice and entertaining anecdotes. Anyone wishing to understand how financial markets behave – and misbehave – should read this book now." Stephen D. King, economist and author of Grave New World: The End of Globalisation, the Return of History "Peter has always been one of the masters of dissecting financial markets performance into an understandable narrative, and in this book, he pulls together much of his great thinking and style from his career, and it should be useful for anyone trying to understand what drives markets, especially equities." Lord Jim O'Neill, Chair, Chatham House "A deeply insightful analysis of market cycles and their drivers that really does add to our practical understanding of what moves markets and long-term investment returns." Keith Skeoch, CEO, Standard Life Aberdeen "This book eloquently blends the author's vast experience with behavioural finance insights to document and understand financial booms and busts. The book should be basic reading for any student of finance." Elias Papaioannou, Professor of Economics, London Business School "This is an excellent book, capturing the insights of a leading market practitioner within the structured analytical framework he has developed over many years. It offers a lively and unique perspective on how markets work and where they are headed." Huw Pill, Senior Lecturer, Harvard Business School "The Long Good Buy is an excellent introduction to understanding the cycles, trends and crises in financial markets over the past 100 years. Its purpose is to help investors assess risk and the probabilities of different outcomes. It is lucidly written in a simple logical way, requires no mathematical expertise and draws on an amazing collection of historical data and research. For me it is the best and most comprehensive introduction to the subject that exists." Lord Brian Griffiths, Chairman - Centre for Enterprise, Markets and Ethics, Oxford
The Complete TurtleTrader
Michael W CovelWhat happens when ordinary people are taught a system to make extraordinary money? Richard Dennis made a fortune on Wall Street by investing according to a few simple rules. Convinced that great trading was a skill that could be taught to anyone, he made a bet with his partner and ran a classified ad in the Wall Street Journal looking for novices to train. His recruits, later known as the Turtles, had anything but traditional Wall Street backgrounds; they included a professional blackjack player, a pianist, and a fantasy game designer. By the time the experiment ended, Dennis had made a hundred million dollars from his Turtles and created one killer Wall Street legend. In The Complete TurtleTrader, Michael W. Covel tells their riveting story with the first ever on-the-record interviews with individual Turtles. He shows how Dennis's rules worked—and can still work today—for any investor with the desire and commitment to learn from one of the greatest investing stories of all time.
Enjoyed studying these great books by @Covel on trend identification across asset classes. The fundamental analysis on individual names still needs to be done in order to develop the conviction to hold, but spotting trends early can help capture a larger part of the gains. https://t.co/JPVICOfNwu
Sir John TempletonSir John Templeton (1912–2008), the Wall Street legend who has been described as “arguably the greatest global stock picker of the twentieth century,” clearly knew what it took to be successful. The most important thing, he observed, was to have strong convictions that guided your life—this was the common denominator he saw in all successful people and enterprises. Fortunately for us, he was eager to share his own blueprint for personal success and happiness with the rest of the world. In The Templeton Plan, he laid out the twenty-one guiding principles by which he governed both his professional and personal life. These principles were grounded in virtues that he considered important enough to be considered the “laws of life”—they include honesty, perseverance, thrift, enthusiasm, humility, and altruism. From this moral foundation, Templeton formulated a step-by-step plan to help improve anyone’s personal and professional life. Among the steps he enumerates, readers will find: · Four exercises that will help anyone find the positive in every negative · How to be the one person in ten that will productively use more time than they waste · The secret trait that separates great workers from good workers · How to control your thoughts for effective action · The practical applications of a sense of humility · How successful people approach risks differently from most people Taken as a whole, the lessons contained within his twenty-one steps will help readers make lasting friendships, reap significant financial rewards, and find personal satisfaction. Ever a believer in the future’s vast potential, Templeton hoped that sharing his principles would inspire others to seek their own laws of life, formulate their own plans, and find success and happiness on a scale exponentially greater than his own. He freely admitted that he didn’t know everything and that there was yet much to be discovered about prosperity and joy. The Templeton Plan not only offers his recipe for success, but also shows us the way to formulate our own plans.
The Panic of 1907
Robert F. BrunerPraise for THE PANIC OF 1907 "Before reading The Panic of 1907, the year 1907 seemed like a long time ago and a different world. The authors, however, bring this story alive in a fast-moving book, and the reader sees how events of that time are very relevant for today's financial world. In spite of all of our advances, including a stronger monetary system and modern tools for managing risk, Bruner and Carr help us understand that we are not immune to a future crisis." —Dwight B. Crane, Baker Foundation Professor, Harvard Business School "Bruner and Carr provide a thorough, masterly, and highly readable account of the 1907 crisis and its management by the great private banker J. P. Morgan. Congress heeded the lessons of 1907, launching the Federal Reserve System in 1913 to prevent banking panics and foster financial stability. We still have financial problems. But because of 1907 and Morgan, a century later we have a respected central bank as well as greater confidence in our money and our banks than our great-grandparents had in theirs." —Richard Sylla, Henry Kaufman Professor of the History of Financial Institutions and Markets, and Professor of Economics, Stern School of Business, New York University "A fascinating portrayal of the events and personalities of the crisis and panic of 1907. Lessons learned and parallels to the present have great relevance. Crises and panics are as much a part of our future as our past." —John Strangfeld, Vice Chairman, Prudential Financial "Who would have thought that a hundred years after the Panic of 1907 so much remained to be written about it? Bruner and Carr break significant new ground because they are willing to do the heavy lifting of combing through massive archival material to identify and weave together important facts. Their book will be of interest not only to banking theorists and financial historians, but also to business school and economics students, for its rare ability to teach so clearly why and how a panic unfolds." —Charles Calomiris, Henry Kaufman Professor of Financial Institutions, Graduate School of Business, Columbia University
Manias, Panics, and Crashes
Charles P. KindlebergerThe first edition of Charles Kindleberger's brilliant, panoramic history, published in 1978, summarized the pattern of market developments and the five stages in the evolution of a financial crisis. Robert Z. Aliber probes the sequence of four waves of crises that have involved more than forty countries since the early 1980s and shows that implosions of their banking systems do not follow from the decisions of 'bad actors' but instead are symptomatic of a dysfunctional international monetary arrangement. With an updated Foreword from Robert M. Solow and a new Afterword from Lord Robert Skidelsky, this seventh edition exemplifies the continued importance of Kindleberger's work and Aliber's ongoing examination of financial crises around the world.
Maggie MaharIn 1982, the Dow hovered below 1000. Then, the market rose and rapidly gained speed until it peaked above 11,000. Noted journalist and financial reporter Maggie Mahar has written the first book on the remarkable bull market that began in 1982 and ended just in the early 2000s. For almost two decades, a colorful cast of characters such as Abby Joseph Cohen, Mary Meeker, Henry Blodget, and Alan Greenspan came to dominate the market news. This inside look at that 17-year cycle of growth, built upon interviews and unparalleled access to the most important analysts, market observers, and fund managers who eagerly tell the tales of excesses, presents the period with a historical perspective and explains what really happened and why.
Against the Gods
Peter L. BernsteinA Business Week, New York Times Business, and USA Today Bestseller "Ambitious and readable . . . an engaging introduction to the oddsmakers, whom Bernstein regards as true humanists helping to release mankind from the choke holds of superstition and fatalism." —The New York Times "An extraordinarily entertaining and informative book." —The Wall Street Journal "A lively panoramic book . . . Against the Gods sets up an ambitious premise and then delivers on it." —Business Week "Deserves to be, and surely will be, widely read." —The Economist "[A] challenging book, one that may change forever the way people think about the world." —Worth "No one else could have written a book of such central importance with so much charm and excitement." —Robert Heilbroner author, The Worldly Philosophers "With his wonderful knowledge of the history and current manifestations of risk, Peter Bernstein brings us Against the Gods. Nothing like it will come out of the financial world this year or ever. I speak carefully: no one should miss it." —John Kenneth Galbraith Professor of Economics Emeritus, Harvard University In this unique exploration of the role of risk in our society, Peter Bernstein argues that the notion of bringing risk under control is one of the central ideas that distinguishes modern times from the distant past. Against the Gods chronicles the remarkable intellectual adventure that liberated humanity from oracles and soothsayers by means of the powerful tools of risk management that are available to us today. "An extremely readable history of risk." —Barron's "Fascinating . . . this challenging volume will help you understand the uncertainties that every investor must face." —Money "A singular achievement." —Times Literary Supplement "There's a growing market for savants who can render the recondite intelligibly-witness Stephen Jay Gould (natural history), Oliver Sacks (disease), Richard Dawkins (heredity), James Gleick (physics), Paul Krugman (economics)-and Bernstein would mingle well in their company." —The Australian
The Rational Optimist
Matt RidleyFor two hundred years the pessimists have dominated public discourse, insisting that things will soon be getting much worse. But in fact, life is getting better—and at an accelerating rate. Food availability, income, and life span are up; disease, child mortality, and violence are down all across the globe. Africa is following Asia out of poverty; the Internet, the mobile phone, and container shipping are enriching people's lives as never before. In his bold and bracing exploration into how human culture evolves positively through exchange and specialization, bestselling author Matt Ridley does more than describe how things are getting better. He explains why. An astute, refreshing, and revelatory work that covers the entire sweep of human history—from the Stone Age to the Internet—The Rational Optimist will change your way of thinking about the world for the better.
11/ Matt Ridley's book covers the entire sweep of human history—from the Stone Age to the Internet, and provides a fascinating overview of how human civilizations and culture have moved forward positively over the course of history through exchange and specialization. https://t.co/glDyxwN3Yo
7/ A first-person perspective of the great depression through the eyes of an ordinary, middle-class American who on a daily basis grappled with a swiftly changing economy coupled with anxiety about the unknown future amid political unrest and mass unemployment. https://t.co/4XO0bF8qMv
The Great Crash 1929
John Kenneth GalbraithPresents a study of the stock market crash of 1929 that reveals the influential role of Wall Street on the economic growth of America.
A Short History of Financial Euphoria (Penguin Business)
John Kenneth GalbraithThe world-renowned economist offers "dourly irreverent analyses of financial debacle from the tulip craze of the seventeenth century to the recent plague of junk bonds."--The Atlantic.
The Joys of Compounding
Gautam BaidIn The Joys of Compounding, value investor Gautam Baid builds a holistic approach to value investing and philosophy from his wide-ranging reading, combining practical approaches, self-cultivation, and business wisdom. He integrates the strategies and wisdom of preeminent figures whose teachings have stood the test of time.
How Will You Measure Your Life?
Clayton M. ChristensenAkin to The Last Lecture in its revelatory perspective following life-altering events, "How Will You Measure Your Life?" presents a set of personal guidelines that have helped the author find meaning and happiness in his life.
Enjoying this great read. Our professional careers are important, but equally, if not more important, is family. Use this time at home to reconnect and bond with your loved ones if you had lost touch with them. The best to make amends was yesterday. The next best time is today. https://t.co/0KWa4W0WmN
The Bank Investor's Handbook
Nathan TobikQuick! Name an industry that touches people's lives on an everyday or frequent basis. Perhaps you thought of grocery stores or something sexy like internet retailing, but chances are you didn't think of banking. Yet, most likely you interact with a bank every time you're paid and when you pay your bills. Banks facilitate the flow of money through the economy and even if you don't interact with a bank daily, the businesses you deal with on a daily basis do. For all the interaction people have with banks, few understand how they work or why they work. Even fewer understand why they should consider including bank stocks in their investment portfolio. There are a lot of misconceptions about banks, including understanding what they are and what they do. For many people the word "bank" evokes images of receiving a toaster upon opening an account, or thoughts of security related to the storing of precious items in a safety deposit box. Others might go further and tap their inner Michael Moore and talk about how banks are greedy and evil. It's our belief that banks aren't just places to store idle savings (on which you receive virtually nothing in interest) or to cash checks, but that they should be an integral part of an investor's portfolio. The goal of this book is to provide you with a foundation and framework with which you can both begin to understand banks, but also learn the basic tools used to analyze banks as investments.
Only the Best Will Do
Peter SeilernWhat if there was a uniquely safe place to put your money that also earned the best long-term returns? In Only the Best Will Do, master investor Peter Seilern reveals everything you need to know to practise the art of quality growth investing: finding the companies that can reliably deliver steady and strong growth for the long term. Distilling everything he has learned from a lifetime in the financial markets, Seilern enlightens the reader how to narrow down from tens of thousands of listed stocks to the select elite that belong in a quality growth investor's portfolio. These are shares, Seilern shows, that can be safer than bank deposits or government bonds. They also upend conventional wisdom on the merits of diversification, and reveal typical index-hugging fund management as even more self-serving and unjustified than many thought. Quality growth businesses are the ultimate assets for those serious about making their investments work for them over the long term while minimising the risk of permanent loss of capital. You don't even need to worry too much about overpaying. All quality growth investing requires is patience, independent thinking, and the special golden rules - revealed here in detail - for finding the very best companies in the world. For the investor truly interested in making the most of their time in the markets, only the best will do.
Richard H. ThalerEvery day we make decisions: about the things that we buy or the meals we eat; about the investments we make or our children's health and education; even the causes that we champion or the planet itself. Unfortunately, we often choose poorly. We are all susceptible to biases that can lead us to make bad decisions that make us poorer, less healthy and less happy. And, as Thaler and Sunstein show, no choice is ever presented to us in a neutral way. By knowing how people think, we can make it easier for them to choose what is best for them, their families and society. Using dozens of eye-opening examples the authors demonstrate how to nudge us in the right directions, without restricting our freedom of choice. Nudge offers a unique new way of looking at the world for individuals and governments alike.This is one of the most engaging, provocative and important books you will ever read.
@Sanjay__Bakshi Investors should take a cue from Richard Thaler's Nudge & make good behavior a default choice. Sharing an advice from my book - "Reinvesting your dividends through a dividend reinvestment plan (DRIP) is a great way to take maximum advantage of the power of long-term compounding."
Keeping Your Dividend Edge
Todd Wenning CFADividend-paying stocks have long been a mainstay of individual investors. Over the past decade, however, the dividend landscape has become progressively more challenging to navigate. The rise of share repurchases as an alternative for returning cash to shareholders, the increasingly competitive global marketplace, and the massive dividend cuts incurred during the financial crisis of 2008 and 2009 have all impacted the way companies and investors view dividends today. This new environment requires a different approach for selecting and monitoring dividend-paying stocks. In this book, you will learn strategies for evaluating companies' competitive advantages and management teams, identifying promising dividends, recognizing risky dividends, and more. Todd Wenning, CFA is a professional equity analyst, investor, and writer based in Cincinnati, Ohio. His articles have been published by Morningstar, The Motley Fool, and Investors Chronicle. He is the author of the Clear Eyes Investing blog.
Maya Peterson"Maya Peterson has written a book that shows all young people that the time to invest is now, and the amount to invest is anything you can afford. You can begin with as little as $100, just as she did, because the mere act of starting early will help to ensure your success. Time is your best friend, and you have a lot of it. Investing your savings in the stocks of growing companies that you know and love is the best way to grow real wealth, and by starting early, you could see financial freedom by a young age. Maya covers why you shouldn't be afraid, why you should start now, and the behaviors you need to invest successfully. This priceless advice will change the lives of those who listen to it and get started early. So seize your chance now! It won't come again at this young age. " -Jeff Fischer, Advisor, Motley Fool Pro Investing takes time, so why are the people with the most time not investing? That needs to change. This is the issue Early Bird is here to solve. This book contains interviews with a large range of seasoned investors that consists of David Gardner, LouAnn Lofton, Alyce Lomax, Todd Wenning, David Kretzmann, Bill Mann, and Ginny Adams (known as Aunt Ginny). Investing comes with misconceptions and fears, which results in a lack of enthusiasm from teenagers. The stock market can seem like a scary, almost casino like place, but it's far from that. With knowledge and research, most investors can get some baggers! Early Bird teaches the reader what goes into a good company, if they're ethical, what numbers to look for, how to open an account, which company has the competitive advantage, and more. This book gives readers easy to follow directions so they can do it on their own, without influencing any particular company. Early Bird inspires us with innovators and leaders in the industry from a young person's perspective.
The Daily Stoic
Ryan HolidayWhy have history's greatest minds embraced the wisdom of the ancient Stoics? Because they realize that the most valuable wisdom is timeless and that philosophy is for living a better life, not a classroom exercise. Holiday and Hanselman off 366 days of Stoic insights and exercises, to help you find the serenity, self-knowledge, and resilience you need to live well.--Worldcat.
Baruch My Own Story
Bernard BaruchBernard M. Baruch - one of the most remarkable men of our time - was an office boy at nineteen, a Wall Street partner at twenty-five, and a millionaire before he was thirty-five. For some men this success would mark the climax of a career; for Baruch it was only the beginning of a still greater one. In the fifty years since he made his first fortune, Bernard Baruch has been a trusted counselor of Presidents, an adviser on social and economic reforms, a statesman who has worked with two political parties and won the respect of both. In this, the first volume of his memoirs, Mr. Baruch analyzes his personal philosophy and shows how it helped him solve the many problems that confronted him in his public life as chairman of the War Industries Board during World War I and as United States representative on the United Nations Atomic Energy Commission. Informal yet penetrating, intimate yet never losing sight of major events and issues, BARUCH: My Own Story is infused with the remarkable personality of a truly distinguished American.
An Economist Walks into a Brothel
Allison SchragerDescribes how people manage risk in their lives and careers. Whether we realize it or not, we all take risks large and small every day. What most of us don't know is how to measure those risks and maximize the chances of getting what we want out of life. In this book Schrager equips readers with five principles for dealing with risk, principles used by some of the world's most interesting risk takers
Kevin KellyIt's 2046. You don't own a car, or much of anything else, instead subscribing to items as you need them. Virtual reality is as commonplace as cell phones. You talk to your devices with hand gestures. Practically all surfaces have become a screen, and each screen watches you back. Robots and AI took over your old job but also created a new one for you, work you could not have imagined back in 2016. In The Inevitable, Kevin Kelly, the visionary thinker who foresaw the scope of the internet revolution, provides a plausible, optimistic road map for the next 30 years. He shows how the coming changes can be understood as the result of a few long-term forces that are already in motion. Kelly both describes these 12 deep trends-including cognifying our surroundings, valuing access over ownership, tracking everything-and demonstrates how they are codependent on one another. These larger forces will completely revolutionize the way we work, play, learn, buy, and communicate with each other. Ultimately, predicts Kelly, all humans and machines will be linked up into a global matrix, a convergence that will be seen as the largest, most complex, and most surprising event ever up to this time. The Inevitablewill be indispensable to anyone who seeks guidance on where to position themselves as this new world emerge.