Cundill wrote that "there are a few books - really not that many - which I believe are indispensable reading for every serious investor...". The list is as follows:
- Extraordinary Popular Delusions and the Madness of Crowds by Mackay
- The Crowd: A Study of the Popular Mind by Le Bon
- Buffett: The Making of an American Capitalist by Lowenstein
- The Money Masters by Train
- The Intelligent Investor by Graham
- The Templeton Touch by Proctor
- The Alchemy of Finance by Soros
3 comments:
Thanks for the list and for very insightful short posts every day.
Naturally, I've read some of the books. Did you read any of the below ones and if yes; do you recommend them?
*Extraordinary Popular Delusions and the Madness of Crowds by Mackay
*The Crowd: A Study of the Popular Mind by Le Bon
*The Templeton Touch by Proctor
*The Alchemy of Finance by Soros
/dgforvalue
Only the Soros book. It was a tough read. If I recall, the main takeaway was the theory of reflexivity, which I think you can read about without having to read the whole thing.
I have read the MacKay, Le Bon and Soros books. All were very good.
If you like the MacKay and Le Bon books, I suggest you read Kindleberger's Economic Primacy: 1500-1990. It's a long economic history book, but you can see the madness of the crowd in those pages, quite interesting. Plus you'll learn a lot of history.
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