Book Summary of The Crisis of Crowding
Risk typically stems from concrete things we can point to, like recessions or political change. Crowding behavior is less visible and this book explains how it amplifies market volatility.
Book Summary of The Success Equation
Success in life is a combination of luck and skill, but it’s tough to figure out when one plays a bigger role. Michael Mauboussin’s The Success Equation unravels the two so we can make better decisions in a complex world.
Book Summary of A Man for All Markets
Ed Thorp beat the casino in blackjack, invented the world’s first wearable computer, and generated one of the best track records in the investment industry.
Book Summary of The Four Pillars of Investing
William Bernstein’s The Four Pillars of Investing is one of my favorite books and covers the theory, history, psychology, and business of investing.
Book Summary of Where are the Customers’ Yachts
Key takeaways and quotes from a classic book on markets and the investment business.
The Misbehavior of Markets Book Summary
Gavrilo Princip woke up with a short to-do list on June 28, 1914: assassinate the archduke. Franz Ferdinand was parading through Sarajevo in a convertible and Princip and his friends were ready. Ferdinand’s route was known in advance and one of the group’s members threw a bomb in front of the archduke’s car. The bomb…
Book Summary of Superforecasting
Jazon Zweig said Superforecasting by Philip Tetlock and Dan Gardner is “the most important book on decision making since Kahneman’s Thinking, Fast and Slow”. Tetlock co-created The Good Judgement Project (GJP) which participated in a forecasting tournament held by IARPA, a U.S. government organization. IARPA supports research that has the potential to revolutionize intelligence analysis.…
Book Summary of Taleb’s Antifragile
Nassim Taleb is a polarizing guy. He gets in Twitter fights, eats a lot of squid ink pasta, but also has many fans. I enjoy his writing and, among all his books, think Antifragile is the most complete description of his philosophy on life and markets. Here are my main takeaways: The opposite of fragility…
Key Takeaways from The Hour Between Dog and Wolf
This book explains the link between hormones and markets and shows how an investor’s physiology changes throughout a market cycle.
