Abstract The Richest Man in Babylon outlines a set of timeless principles necessary to become rich. Babylon’s richest man, Arkad, […]
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Book Summary of Priceless: The Hidden Psychology of Value
Abstract Intrinsic value – that fair value, which a security should trade at as so forth the market was governed exclusively […]
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Book Summary of Extraordinary Popular Delusions and the Madness of Crowds
Abstract This 176 year old book outlines some bizarre cases of crowd psychology that have caused men to toss out […]
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Book Summary of Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett The World’s Most Famous Investor
Abstract Business perspective investing is the “Warren’s Winning Way”. It entails projecting a future value for the business and surmise when said value […]
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Book Summary of Find the Best Stocks: Use the Annual Report and Invest Right
Abstract Find the best stocks (Danish title: Find de bedste aktier) goes through the annual reports structure and components, metrics and qualitative […]
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Book Summary of Manias, Panics, and Crashes: A History of Financial Crises
Abstract An archetypical boom-and-bust cycle goes something along the lines of: Imagine that we’re at the bottom of a credit […]
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Book Summary of Warren Buffett Speaks: Wit and Wisdom from the World’s Greatest Investor
Abstract Warren Buffett Speaks is a collection of quotes from the Oracle that outlines what it takes to be a […]
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Book Summary of Accounting for Value
Abstract The author burns this quote into the readers’ mind: “One does not buy a stock, one buys a business […]
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Book Summary of Triumph of the Optimists: 101 Years of Global Investment Returns
Abstract Triump of the Optimists is a look back on asset classes’ (stocks, bonds, currency) return across 16 countries over […]
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Book Summary of A Man for All Markets: From Las Vegas to Wall Street, How I Beat the Dealer and the Market
Abstract From Las Vegas to Wall Street, Edward O. Thorpe beats ‘the house’ at their own game. Professional gambling and […]
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Book Summary ofThe Essays of Warren Buffett: Lessons for Corporate America
Abstract Moats, economic goodwill, incremental earnings, simplicity and skilled managers are the factors Warren Buffett is looking for when he […]
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Book Summary of A Random Walk Down Wall Street
Abstract The author illuminates why the academics’ view on the stock markets is nonsense. He then presents the thesis behind […]
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Book Summary of Damn Right! Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger
Abstract Charlie Munger taught Warren Buffett that some businesses are worth paying a premium for, hence causing Warren to seize […]
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Book Summary of Liar’s Poker
Abstract Liar’s Poker is game that was prevalent on Wall Street in the 70s and 80s. In a five-man game, each […]
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Book Summary of The Everything Store: Can Amazon’s sky-high fundamentals be justified?
Abstract How can a business with a measly 1.2% margin and a mere average return on equity of 9%, which […]
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Book Summary of Thinking, Fast and Slow
Abstract Taking a point of departure in an incompetent portfolio manager’s decision to pour millions of dollars into the Ford […]
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Book Summary of Against the Gods: The Remarkable Story of Risk
Abstract Risk is the subject of discussion in this blog post. Namely, the concepts that constitute risk are outlined: utility, probability, deviations. In […]
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Book Summary of Beating the Street
Abstract A bunch of seventh graders outperformed the market by more than 40% by simply picking the stocks they liked, […]