Here are 100 books that Quality Investing fans have personally recommended if you like
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I have been investing in markets for nearly 30 years. I remember first being interested in the stock market after the 1987 crash. I read everything I could about Warren Buffett. And went on to study finance in college finishing magna cum laude (and later earned my MBA). I started my professional career as a commercial banker in the early 1990s. Then, I started my own investment newsletter in 2004 and compiled a strong track record over the next 12 years, wrote four books, and traveled all over the world in search of great investment ideas. I’ve appeared as a guest on TV and radio shows, as well as numerous podcasts. In 2019, I co-founded Woodlock House Family Capital where I currently manage a portfolio of global investments.
The classic from 1972 is the book that inspired me to write 100 Baggers. Phelps studied all the stocks that returned at least 100 to 1 from 1932 to 1971. You’ll learn where to look for 100 to 1 stocks and what key traits to focus on. Phelps writes in a folksy and quotable manner as he expounds on his philosophy of buying right and holding on. He writes, “When I was a boy a carpenter working for my father made this sage observation: ‘A lot of shavings don’t make a good workman.’” Let Phelps show you the power of patient, long-term investing.
In 100 to 1 in the Stock Market, Thomas Phelps discloses the secrets and strategies to increasing your wealth one hundredfold through buy-and-hold investing. Unlike the short-term trading trends that are popular today, Phelps's highly logical, yet radical approach focuses on identifying compounding machines in public markets, buying their stocks, and holding these investments long term for at least ten years. In this indispensable guide, Phelps analyzes what made the big companies of his day so profitable for the diligent, long-term investor. You will learn how to identify and invest in profitable business models without visible growth ceilings that will…
A moving story of love, betrayal, and the enduring power of hope in the face of darkness.
German pianist Hedda Schlagel's world collapsed when her fiancé, Fritz, vanished after being sent to an enemy alien camp in the United States during the Great War. Fifteen years later, in 1932, Hedda…
I have been investing in markets for nearly 30 years. I remember first being interested in the stock market after the 1987 crash. I read everything I could about Warren Buffett. And went on to study finance in college finishing magna cum laude (and later earned my MBA). I started my professional career as a commercial banker in the early 1990s. Then, I started my own investment newsletter in 2004 and compiled a strong track record over the next 12 years, wrote four books, and traveled all over the world in search of great investment ideas. I’ve appeared as a guest on TV and radio shows, as well as numerous podcasts. In 2019, I co-founded Woodlock House Family Capital where I currently manage a portfolio of global investments.
Jack Welch of GE fame was long thought to be a great CEO. GE’s stock compounded at a rate of 20.9% annually under his watch. If you invested $1 when he took the reins, that dollar would’ve been worth $48 when Immelt succeeded him 20 years later. Welch beat the S&P index 3.3x, a great record. Thorndike studies eight CEOs that collectively beat the S&P by over 20x. How did they do it? Thorndike clearly shows how these elite CEOs used a distinctive toolkit to create massive gains. A must-have guide for investors looking for big winners.
"An outstanding book about CEOs who excelled at capital allocation." -- Warren Buffett #1 on Warren Buffett's Recommended Reading List, Berkshire Hathaway Annual Shareholder Letter, 2012 Named one of "19 Books Billionaire Charlie Munger Thinks You Should Read" in Business Insider. "A book that details the extraordinary success of CEOs who took a radically different approach to corporate management." -- Charlie Munger, Vice-Chairman of Berkshire Hathaway Corporation "Thorndike explores the importance of thoughtful capital allocation through the stories of eight successful CEOs. A good read for any business leader but especially those willing to chart their own course." -- Michael…
I have been investing in markets for nearly 30 years. I remember first being interested in the stock market after the 1987 crash. I read everything I could about Warren Buffett. And went on to study finance in college finishing magna cum laude (and later earned my MBA). I started my professional career as a commercial banker in the early 1990s. Then, I started my own investment newsletter in 2004 and compiled a strong track record over the next 12 years, wrote four books, and traveled all over the world in search of great investment ideas. I’ve appeared as a guest on TV and radio shows, as well as numerous podcasts. In 2019, I co-founded Woodlock House Family Capital where I currently manage a portfolio of global investments.
A companion to The Outsiders, Iddings and Cassel highlight eight more fantastic business builders, including Herb Kelleher at Southwest, Sol Price at Price Club, and Les Schwab at Les Schab Tire Centers. You see what strategies led to their great success and how you can look for similar business models and leaders in today’s markets.
How does a great company sustain and grow profits for decades? Many people are familiar with Warren Buffett’s analogy of a moat: various defenses to thwart competition. But moats are fleeting; they are here today and gone tomorrow. The more important question is, who builds and maintains moat? Intelligent fanatics do. These leaders build high-performance organizations that can dominate for decades. Intelligent Fanatics Project looks at the stories of eight intelligent fanatics who built dominant and enduring businesses. A $1,000 investment with each of these intelligent fanatics would, on average, have been worth $3.4 million thirty-seven years later—a 24.6% compounded…
Delve into this internationally best-selling series, now complete! A fast paced laugh-out-loud mix of Urban Fantasy and Mystery.
I can tell when you’re lying. Every. Single. Time. I’m Jinx, a PI hired to find a missing university student, I hope to find her propped up at a bar–yet my gut…
I am the Founder of Stellar Wealth Partners, a SEBI-registered Research Analyst firm and small case manager for investors in the Indian stock market. I am the author of the international best-seller on value investing, The Joys of Compounding. Once a strong foundation is created for a business, owners don’t work for money. Rather, money works for them. As an investor, your money is working for you 24/7. You are becoming wealthier with each passing second, alongside the increasing intrinsic value of your businesses. An investor builds earnings power through a business ownership mindset.
Some people love to make successful investing seem more complicated than it really is. In this anthology of essays and letters written between 2010–20, Terry Smith makes the case for simply buying the best companies in the world. These are businesses that generate large amounts of cash and know what to do with it in the form of sound capital allocation. The result is a powerful compounding of returns for the long term.
This book serves as a good reiteration of the thinking and principles underpinning Smith’s investing approach, including his three-step investment mantra: “Buy good companies. Don’t overpay. Do nothing.” It also highlights the nuances of the process, including why Smith favors return on capital employed (ROCE) and free cash flow (FCF) yield as metrics for assessing companies and why Smith is less enamored of measures such as earnings per share (EPS).
Some people love to make successful investing seem more complicated than it really is. In this anthology of essays and letters written between 2010-20, leading fund manager Terry Smith delights in debunking the many myths of investing - and making the case for simply buying the best companies in the world.
These are businesses that generate serious amounts of cash and know what to do with it. The result is a powerful compounding of returns that is almost impossible to beat. Even better, they aren't going anywhere. Most have survived the Great Depression…
I’m a money manager for high-net-worth individuals. During my Wall Street years, I was ranked number one in my category in the Institutional Investor All America Research Survey for nine consecutive years. The CFA Society New York presented me its Ben Graham Award in 2017. I’ve served as a governor of the CFA Institute and consultant to the Federal Reserve Board of Governors. My writings have appeared in the Wall Street Journal, Barron’s, the Financial Times, and various scholarly journals. I live in New York City with my wife, musicologist Elaine Sisman. We have two children and five grandchildren.
Financial journalist Jason Zweig shows how the young field of neuroeconomics explains the biological factors underlying smart people’s irrational investment decisions. For example, brain scans show that the fear center lights up when investors consider putting money into foreign stocks, despite the demonstrated value of international diversification. Also to their detriment, investors perceive patterns of returns where none exist. It’s imperative to understand these cognitive errors to get proper control over investments.
Since I read George Kennan’s award-winning memoirs when I was still in high school, I have been fascinated by world history in general and specifically by the Soviet Union (Russia) and Central/Eastern Europe. I have a PhD in Russian studies and my 40+ year career has included academia, government, non-profit organizations, and the foundation sector. My professional experience has reinforced my belief that to understand today’s world and to formulate effective national security strategy one must study the roots of political, economic, or social events.
In The Peacemaker, William Inboden draws on declassified materials, interviews with high-level government officials, and on Reagan’s personal diary to write the most thorough, fair, and scrupulously researched account of Reagan’s foreign policy and the successful end of the Cold War.
And he does this with such aplomb that his history reads like a novel. I worked in the US government in the 1980s and thought I knew Reagan’s foreign policy well, but I discovered much that was new and couldn’t put the book down.
One of the Wall Street Journal’sbest political books of 2022
A masterful account of how Ronald Reagan and his national security team confronted the Soviets, reduced the nuclear threat, won the Cold War, and supported the spread of freedom around the world.
“Remarkable… a great read.”—Robert Gates • “Mesmerizing… hard to put down.”—Paul Kennedy • “Full of fresh information… will shape all future studies of the role the United States played in ending the Cold War.”—John Lewis Gaddis • “A major contribution to our understanding of the Reagan presidency and the twilight of the Cold War era.”—David Kennedy
On the morning of December 26, 2004, an undersea earthquake struck off the coast of Sumatra in the Indian Ocean. The resulting tsunami killed an estimated 230,000 people across fourteen countries, from Indonesia to Sri Lanka to Thailand to the Maldives to India and all the way to East Africa.…
My writing career has been organized around the old-school journalistic mission to ‘afflict the comforted and comfort the afflicted.’ Often, I take on big targets that other journalists have missed—a case in point being Bill Gates. News outlets have published thousands of one-sided stories about Gates’s philanthropic goals and gifts but seldom interrogate the Gates Foundation for what it is: an unaccountable, undemocratic structure of power. My investigation of Bill Gates, of course, stands on the shoulders of giants. The five books I recommend here paved the way for me to break new ground, expand the story, and hopefully spark a bigger public debate.
Danish scholar Adam Fejerskov spent months in Seattle doing field research, trying to get behind the impenetrable and secretive PR fortress the Gates Foundation has built to guard its humanitarian image. Calling the foundation a “chameleon,’ Fejerskov explores how the foundation publicly presents itself as an innocent philanthropy while actually operating, at turns, like a private company or a political actor.
The book will leave readers troubled by the foundation's enormous power in global affairs and questioning why this power is so unregulated.
The Bill and Melinda Gates Foundation has established itself as one of the most powerful private forces in global politics, shaping the trajectories of international policy-making. Driven by fierce confidence and immense expectations about its ability to change the world through its normative and material power, the foundation advances an agenda of social and economic change through technological innovation. And it does so while forming part of a movement that refocuses efforts towards private influence on, and delivery of, societal progress.
The Gates Foundation's Rise to Power is an urgent exploration of one of the world's most influential but also…
I am a chemist (PhD University of Leuven, Belgium). This explains my preference for a rational approach. I was also an assessor for the European EFQM organization. This European Management Model allows an organization or company to achieve excellent results for all its stakeholders. One of the methods used is the Best Practice method. Finally, at the end of my career, I asked myself the question: How do we know that our country is well managed? There is no management model for this yet. That is why I developed a new model: the SAC model. Together with my colleague Grace L. Duffy, we have described this model in several papers.
This book is for me a standard work in the field of evidence-based management. It opened my eyes to the great (negative) impact slogans, insufficient learning from one's own mistakes, blindly following advice from gurus, etc., can have on the results of a company
I discovered that mistakes are also made in the medical world, and insufficient lessons are learned from them because the principles of evidence-based management are not followed.
You can apply the ideas of the authors in any company or organization, regardless of the sector
The best organizations have the best talent...Financial incentives drive company performance...Firms must change or die. Popular axioms like these drive business decisions every day. Yet too much common management "wisdom" isn't wise at all--but, instead, flawed knowledge based on "best practices" that are actually poor, incomplete, or outright obsolete. Worse, legions of managers use this dubious knowledge to make decisions that are hazardous to organizational health. Jeffrey Pfeffer and Robert I. Sutton show how companies can bolster performance and trump the competition through evidence-based management, an approach to decision-making and action that is driven by hard facts rather than half-truths…
I am always trying to get a leg up in life, and I figured one of the best ways to do that is through investments. I have learned that by understanding how capitalism and business works, I was able to spot plenty of major opportunities in the economy all around us.
With The 22 Immutable Laws, you will get an enhanced understanding of how business works, and what kinds of approaches are most likely to be highly successful.Just about every product or service is about branding, first and foremost, and in The 22 Immutable Laws, you will clearly see how.
This marketing classic has been expanded to include new commentary, new illustrations, and a bonus book: The 11 Immutable Laws of Internet Branding Smart and accessible, The 22 Immutable Laws of Branding is the definitive text on branding, pairing anecdotes about some of the best brands in the world, like Rolex, Volvo, and Heineken, with the signature savvy of marketing gurus Al and Laura Ries. Combining The 22 Immutable Laws of Branding and The 11 Immutable Laws of Internet Branding, this book proclaims that the only way to stand out in today's marketplace is to build your product or service…
Nelson West, a former Chicago homicide detective, is hired by wealthy heir Lionel Bing to discreetly help “fix” scandals and legal problems for his father’s wealthy friends.
Bing, a brilliant but troubled investigator, suffers from PTSD symptoms as a result of being kidnapped and witnessing the murder of his mother…
I'm a bestselling business author, top-rated leadership speaker, and unconsultant who helps individuals and organizations think more critically, lead more effectively, and make better decisions. Prior to writing American Icon, I spent 20 years as a business reporter, covering the high-tech, biotech, and automotive industries for newspapers in California and Michigan. After that, I quit my job in order to help CEOs understand and implement the game-changing leadership I described in it. In 2017, I published my second book, Red Teaming: How Your Business Can Conquer the Competition by Challenging Everything and started my own company, Red Team Thinking, to train organizations in this revolutionary approach to decision-making because I believe that who thinks wins.
The Logic of Failure explores why leaders make bad decisions – and how to make better ones. Whenever I am asked for a book recommendation, this is always the first one I mention because I have learned so much from it, and what I have learned has helped me make better decisions every single day. This is an amazing, evidence-based effort to understand the root causes of failure and the pathways to success. It will help you understand how your plans can fail so that you can ensure they succeed.
Why do we make mistakes? Are there certain errors common to failure, whether in a complex enterprise or daily life? In this truly indispensable book, Dietrich Doerner identifies what he calls the logic of failure",certain tendencies in our patterns of thought that, while appropriate to an older, simpler world, prove disastrous for the complex world we live in now. Working with imaginative and often hilarious computer simulations, he analyzes the roots of catastrophe, showing city planners in the very act of creating gridlock and disaster, or public health authorities setting the scene for starvation. The Logic of Failure is a…
