Happy Friday everyone! The first 100 people to go to www.blinkist.com/theplainbagel will get unlimited access for 1 week to try it out. You'll also get 25% off if you want the full membership.
Hey man someone else also commented on one of your other videos concerned about what looks like a lump on the right side of your neck and am hoping you see this and get it checked out
I really like "Corporate Finance: Investment and Advisory Applications" by Patrick Boyle... very easy read.... JK it's super academic but I really like Patrick and will promote his book anyways
the fact you have a book there on forensic accounting increases my respect for you a lot. It seems so many investors these days, even institutional ones, forget to actually read through the details of the statements and make rational realistic decisions based on them.
Try 'The Psychology of Money', by Morgan Housel. Another non-technical one which focuses more on your approach to investing and avoiding the noise of Wall Street.
The two books that I recommend are: 1) Psychology of Money by Morgan Housel It’s super short but very informative and non-technical for less savvy readers. I recommended it to my sister who doesn’t know anything about investing and she absolutely loved it! 2) The Black Swan by Nassim Taleb Very well-written book that was so effective that I actually changed my investment strategy as the result of it!
"The Psychology of Money" by Morgan Housel is excellent, its more of a personal finance book rather than strictly investing. Its 18 short stories on everything money/finance related. Highly recommend, it is a quick and easy read.
One Up On Wall Street is great! To add, I would recommend Joel Greenblatt’s books The Little Book That Beats the Market (tips for passive investing on steroids) and You Can Be a Stock Market Genius (tacky title, but the content is good. Bit hard to get through if you’re a complete beginner to investing though)
*Richer, Wiser, Happier.* The author interviewed some of the best value Investors over the last century (Buffett, Munger, Templeton, Pabrai, and many more). I think it's an important book for anyone who wants to understand the philosophy behind value investing.
I'm reading "rule #1" by Phil Town. It has been pretty helpful to give you the basics on some of the aspects to pick a good stock without having a lot or technical knowledge about finance. It also makes pretty clear some important concepts like PE ratio, ROIC, EPS, etc.
All by philip mirowski (also theyre all 10s) 1. The knowledge we have lost in information 2. Never let a serious crisis go to waste 3. More heat than light 4. Machine dreams 5. Against Mechanism
I was waiting for the Benjamin Graham reference and I was not disappointed. I'd probably of gone with security analysis though. One up on wall st is also fantastic 👏
I have been reading through Investment philosophies by Aswath Damodaran and think that it is a good book to get a basic introduction to different investment philopsophies, such as value investing, technical analysis, hedge funds investment etc Secondly it also provides data on the performance of each strategy which is really good to get some perspective on what will work for the individual investor It is a bit of a academic text book and can be a bit boring at times, but it provides good insight into pros and cons of each strategy
Some books that are must-reads for all investors: Quant Investing: 1. The Little Book That Beats the Market 2. Acquirer's Multiple 3. What Works on Wall Street Value Investing: 1. Dhandho Investor 2. The University of Berkshire Hathaway 3. The Essays of Warren Buffett 4. Security Analysis Growth Investing: 1. Common Stocks and Uncommon Profits Macro Investing: 1. Alchemy of Finance Passive Investing: 1. Trillions
My recent favorite is “The Most Important Thing” by Howard Marks. I’m more on the quant side so my investment literature tastes aren’t the same. I’ll have to check out all these books!
@@mr-boo I read the Gregory Zuckerman book about Jim Simons, The Physics of Wall Street by James Owen Weatherall, Ed Thorpe’s biography A Man For All Markets, and liked all of them. I’m trying to build up to some of the Ernie Chan books (Machine Trading, Quantitative Trading, etc) but I’m just not really there yet.
The book which made both investing and money management 'click' for me was Geroge S Clason's 'The Richest Man in Babylon'. Clason wrote a series of parrables on understanding 'how money works' based on his own business which he sold to banks during the Great Depression which, in turn, were collated and printed into the book we know today. I would love to know Plain Bagels' opinion on this work.* * It's a short read (~100 pages) and succinct. Would reccomend!
Hello Plain Bagel, I think a good idea for your next video is to share your thoughts about Investment analyst / Equity research / Portfolio management jobs. For example how does your day look like? What personality traits/types fit this kind of jobs best (according to you)? How do you see the future of this kind of jobs? What do you like / don’t like about it?
Other recommendations: - Poor Charlie's Almanack (by Charlie Munger) - any book by Howard Marks - any book by Joel Greenblatt Poor Charlie's Almanack is my favorite, but note that it is not an easy read and includes several non-investment topics.
Margin of Safety by Seth Klarman is basically a must own if you’re a capital manager of any kind. You won’t find a physical copy for less than $700 USD though so good luck lol
The Zurich axioms, by Max Gunther is pretty good. It's about basic principlas, like not getting too greedy, he explains the idea and tell stories so we get how bad or good things can be. :)
I'd add... The Boglehead's Guide to Investing and The Common Sense Guide to Investing. Both quickly explore the marketing noise, excessive management fees, and dangers of speculation.
I recommend you "Warren Buffet and the interpretation of financial statements". Before I've read it I didn't have a consistent approach to fundamental analyisis, this book combined "the pieces of the puzzle" and added something more
Can you do another book review please? There are so many book out there and I don’t know which on are worth it. I need to make sure they have the plain bagel stamp of approval lol.
I've only read one investing book cover to cover: The millionaire next door. Not so much an investing strategy book as it is a philosophy book, but it's the cornerstone of my knowledge
@@kirilmihaylov1934 A Random Walk Down Wall Street, by Burton G. Malkiel The Intelligent Investor, by Benjamin Graham One Up on Wall Street, by Peter Lynch
Learn to Earn is another one from Peter Lynch (though I think through a ghostwriter). Basically his version of Value Investing for Dummies but that's not a bad thing.
This is probably more of a recommendation for "advanced" retail investors that's interested in credit investments, but I would really recommend Veronesi's book on fixed-income securities (i.e., "Fixed Income Securities: Valuation, Risk, and Risk Management"). I know your channel and viewers are mainly interested in equity investments, but this is definitely a worthwhile read for those that's curious about the credit market.
There is a more modern version of the intelligent investor from the 70s with a commentary from the early 2000s. Still a bit old but I think some stuff is timeless. I can also recommend the intelligent asset allocator. While the actual recommendation is a bit US-centric and probably outdated, it explains the concept of asset class diversification quite well
You can read 'Richer, wiser, happier'. It was first published a few months ago, but it was very inspiring and can be read by people who are not into investing.
I spent almost two years at Graham's book reading! It's really deep and full of data, but still a great book to read - it was the only one I've read from your list. I'm interested in that one about Wall Street. Thanks for your great content!! 😊
I know it might not get as many views but thank you for being practical and informative without all the “LOOK AT ME” “EXPLOSION INCOMING” “WATCH RIGHT NOW THIS IS HAPPENING” junk I used to love watching Charlie at zip trader but recently it’s hard to get through a video without hearing short squeeze or hedge fund amc bullshit 50 times.
Awesome content! After learning all these basic introductory books to investing I am more interested in accounting books for investors. Ideally if they can help me analyse US and European companies besides Canadian ones. Currently reading Valuation (McKinsey), do you know other good such type of books? Thanks
Very informative video, absolutely love your content and as a current university student of Economics & Finance I cannot wait to read Easy Prey Investors on my E-Reader (definitely recommend one). My title I would definitely check out is ‘Coined’ by Kabir Sehgal. The author by profession is actually a investment banker and Jazz musician ahah. This title also dives into the history of finance, specifically the exchange and how money originated from the biological world. BUT, the most fascinating part of this is diving into the topic of Neuroeconomics, really understanding how consumers and retail traders work on a neuroscience level. One of my favourite parts is that there is a study on anticipated gain, and essentially someone who is about to be paid from work has the same brain activity as someone who is about to take a hit of cocaine. Very weird I know, but overall this title is a medium read, I’d say the first chapter is a bit to get through, but afterwards it’s really enjoyable.
If you like accounting tricks and how to find them i also recommend: Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports
The little book of calm is likely a good read for many today's investors. As for the content ideas, maybe the review of the structured products as a class could be a nice addition to your general investing portfolio of videos. As far as I aware they not really popular in US, as massive risk disclosure are mandated, but in emerging markets and europe they are more avaliable and quite a trap for an unexpirienced people. Best wishes from Russia ^_^
Do "Flash Boys" by Michael Lewis now. And "Naked, Short and Greedy: Wall Street's Failure to Deliver" by Dr. Suzanne Trimbath.And "The Number: How the drive for Quarterly Earnings corrupted Wall Street and Corporate America".
Hey Richard. I have a collection of investing books myself, including some of these excellent recommendations. As a fellow Canadian, I was wondering if you have any suggestions for more Canadian books?
As someone who did their undergrad in Accounting and is looking for a career change into investment banking I was about to click away when you mentioned the book😅😂😂
Pragmatic Capitalist : What every investor needs to know about money and finance by Cullen Roche. Great book discussing from a macro perspective. if interested should also check out his paper on monetary policy and its impacts