Thursday, 25 December 2014

Some books worth mentioning

A few weeks ago i finished a book i was reading called "Quantitative Value: A Practitioner's Guide to Automating Intelligent Investment and Eliminating Behavioral Errors." Which was a great book to come across by, especially if you're intrigued by deep value/contrarian investing styles. 

The next book I've just finished and is one of the value investing classics is  Seth Klarmans's "Margin of Safety: Risk-averse Value Investing Strategies for the Thoughtful Investor." If you can get a copy of it, well done (it's out of print and costs over $2,000).

The book i am now reading is also thought provoking and helps bridge gaps between modern day value investing and the old school way, is Joseph Caldandro Jr's book "Applied Value Investing: The Practical Application of Benjamin Graham and Warren Buffett's Valuation Principles to Acquisitions, Catastrophe Pricing and Business Execution." If you're familiar with Bruce Greenwald, there is strong correlation between their styles of valuation. Greenwald teaches value investing at Columbia Business School and is also directly associated with the investment management industry.

Next on the list is Mohnish Pabrai's book "The Dhandho Investor: The Low - Risk Value Method to High Returns." I'd recommend reading all of them, but Klarman's book is a must as it is a classic, despite how troublesome it might be to get hold of one!

Most of my spare time is spent reading the literature and has been for the past year. This is because i believe it's extremely important to get a strong foundation before applying it (although i have dabbled in the market, because what's theory with no application? The application itself teaches you things books and the like cannot.)

Happy holidays to you all!
  



No comments:

Post a Comment