Bill Ackman is an American billionaire & hedge fund manager
Ackman instructs his new hires to read 11 books to sharpen their investing skills
Here are 11 books that will elevate your investing game (+ 1 bonus):
"You can be a stock market genius" By Joel Greenblatt
The legendary value investor, Joel Greenblatt has composed a book detailing his highly profitable investing strategy.
The book covers pockets in the market neglected by (almost) all investors, which makes it profitable.
"Margin of Safety" By Seth Klarman
Another value investor with a tremendous track record of +20% annualized returns over time
This book was his "gift" to the investing community, although it only sold about 500 copies at the time, the book is now considered a must-read:
"Quality of Earnings" by Thornton O'Glove
Clever account can fool most investor into thinking their business is solid.
This book will show you how a business really makes money and how to invest without making large blunders
"One Up on Wall Street" by Peter Lynch
Legendary fund manager, Peter Lynch achieved an annualized return of 29%.
In his famous book, he teaches us how we can beat the large institutions on Wall Street by tuning in to what we already know better than most analysts:
"Confidence Game" by Christine Richard
This book is about how Bill Ackman called Wall Street's bluff.
While the markets were collapsing in 2008, Ackman made a killing - more than $1 billion during the crisis.
"Fooling some of the people all of the time" by David Einhorn
Einhorn published his book in 2007, criticizing accounting practices and lending firms before the great financial crisis.
In his book, he advocates for effective regulation, fair play & free speech:
"Beating the street" by Peter Lynch
Another great book by the legendary Peter Lynch, filled with typical Lynch magic.
In this book, he shows his step-by-step process for picking winning stocks and explains how retail investors can beat the experts:
"The Essays of Warren Buffett" by Warren Buffett & Lawrence Cunningham
Cunningham creates a summary of Warren Buffett's annual letters, philosophy, and investing strategy.
A fantastic source of value investing lessons that will improve your investing skills:
"Security Analysis" By Ben Graham
"A road map for investing that I have now been following for 57 years."
- Warren E. Buffett
Step-by-step process on how to analyze securities in a highly effective manner:
"The Warren Buffett Way" by Robert Hagstrom
A case study on Buffett's success.
The book outlines the investing strategy, his innovative investment approach, and business strategies used by the greatest investor of our time:
"The Intelligent Investor" by Ben Graham
“By far the best book on investing ever written.”
- Warren Buffett
BONUS
"Essays in Existentialism" by Jean-Paul Sartre
"You read it and it's either an epiphany and it affects the way you live your life, or it's of no interest to you."
- Bill Ackman
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Great post and amazing topic. Of these 11 books I know the one by Ben Graham. Financial education is very important, but here in Italy it is not taught in school
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