03 · Notes
The books worth re-reading, and the exact lines worth keeping.
Graham's real subject was never stock picking. It was temperament.
Benjamin Graham · 1949
A grab bag of speeches that adds up to a way of thinking, not a way of picking stocks.
Charlie Munger · 2005
Daniel Kahneman's map of the two systems making every financial decision you have ever made.
Daniel Kahneman · 2011
Howard Marks on risk, cycles, and the discipline of knowing where you stand.
Howard Marks · 2011
Morgan Housel's case that money is a behavior problem wearing a math costume.
Morgan Housel · 2020
Peter Lynch's argument that ordinary people have a structural edge Wall Street can't touch, if they actually do the homework.
Peter Lynch · 1989
Philip Fisher on doing your own homework by simply asking around.
Philip Fisher · 1958
The value investing book Wall Street tried to make disappear, because it worked too well for the people who owned copies.
Seth Klarman · 1991