Charlie Munger: The Complete Investor
by Tren Griffin
Charlie Munger (1924-2023) was vice chairman of Berkshire Hathaway for 46 years, working closely with Warren Buffett. This book is about their approach to investing, sprinkled with quotes from Munger, Buffett, and others.
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The Most Important Thing: Uncommon Sense for the Thoughtful Investor
by Howard Marks
Howard Marks is the co-founder and co-chairman of Oaktree Capital Management and he ranks #374 on the 2017 Forbes 400 list of wealthiest Americans. In this book he covers 20 topics: second-level thinking; market efficiency and its limitations; intrinsic value; the relationship between price and value; understanding risk; recognizing risk; controlling risk; market cycles; the pendulum; combating negative influences; contrarianism; finding bargains; patient opportunism; knowing what you don’t know; having a sense for where we stand; appreciating the role of luck; investing defensively; avoiding pitfalls; adding value; and pulling it all together.
Can you guess which one is the most important thing?
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The Value of Art
by Michael Findlay
Michael Findlay has been an art dealer since 1964. In this opinionated book he discusses the value of art in three categories: financial value, social value, and essential (or intrinsic) value.
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The Higher Education Bubble
by Glenn Harlan Reynolds
In the first decade of the new millennium we saw the dot-com bubble and housing bubble end badly. In this concise 48-page booklet, University of Tennessee law professor Glenn Harlan Reynolds explains why higher education will be the next bubble to burst. “Bubbles burst when there are no longer enough excessively optimistic and ignorant folks to fuel them.”
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