Athenaeum – Library

Fig 1. Giordano Bruno

“Believe that nothing is impossible for you, think yourself immortal and capable of understanding all, all arts, all sciences, the nature of every living being. Mount higher than the highest height; descend lower than the lowest depth.”
Giordano Bruno

DSCompounding letters to investors

Psychology

  • Thinking, Fast and Slow
    Daniel Kahneman
  • Influence
    Robert Cialdini
  • Psychology of Misjudgement (Poor Charlie’s Almanack)
    Charlie Munger

Society

Philosophy

  • Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
    Nassim Nicholas Taleb

Value Investing

Accounting

  • Warren Buffett and the Interpretation of Financial Statements: The search for the Company with Durable Competitive Advantage
    Mary Buffett
  • Why Stocks Go Up and Down
    William H. Pike
  • Quality of Earnings
    Thornton L. O’glove
  • Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports
    Howard Mark Schilit

Management

  • The Essays of Warren Buffett: Lessons for Investors and Managers
    Warren Buffett
  • The Outsiders
    William Thorndike

Recessions and Stock Market Crashes

I put psychology first because I strongly believe that psychology and behavioral finance is the place to start.

“there are three competitive advantages in investing: informational (I know a meaningful fact nobody else does); analytical (I have cut up the public information to arrive at a superior conclusion) and psychological (that is to say, behavioural).” We concluded that the enduring advantages are mainly psychological.

Nicholas Sleep – 2005 Nomad partnership letter

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Cryptocurrencies (As said, I strive to be open-minded)

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