Here are 100 books that Quality Investing fans have personally recommended if you like
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I have been investing in markets for nearly 30 years. I remember first being interested in the stock market after the 1987 crash. I read everything I could about Warren Buffett. And went on to study finance in college finishing magna cum laude (and later earned my MBA). I started my professional career as a commercial banker in the early 1990s. Then, I started my own investment newsletter in 2004 and compiled a strong track record over the next 12 years, wrote four books, and traveled all over the world in search of great investment ideas. I’ve appeared as a guest on TV and radio shows, as well as numerous podcasts. In 2019, I co-founded Woodlock House Family Capital where I currently manage a portfolio of global investments.
The classic from 1972 is the book that inspired me to write 100 Baggers. Phelps studied all the stocks that returned at least 100 to 1 from 1932 to 1971. You’ll learn where to look for 100 to 1 stocks and what key traits to focus on. Phelps writes in a folksy and quotable manner as he expounds on his philosophy of buying right and holding on. He writes, “When I was a boy a carpenter working for my father made this sage observation: ‘A lot of shavings don’t make a good workman.’” Let Phelps show you the power of patient, long-term investing.
In 100 to 1 in the Stock Market, Thomas Phelps discloses the secrets and strategies to increasing your wealth one hundredfold through buy-and-hold investing. Unlike the short-term trading trends that are popular today, Phelps's highly logical, yet radical approach focuses on identifying compounding machines in public markets, buying their stocks, and holding these investments long term for at least ten years. In this indispensable guide, Phelps analyzes what made the big companies of his day so profitable for the diligent, long-term investor. You will learn how to identify and invest in profitable business models without visible growth ceilings that will…
I have been investing in markets for nearly 30 years. I remember first being interested in the stock market after the 1987 crash. I read everything I could about Warren Buffett. And went on to study finance in college finishing magna cum laude (and later earned my MBA). I started my professional career as a commercial banker in the early 1990s. Then, I started my own investment newsletter in 2004 and compiled a strong track record over the next 12 years, wrote four books, and traveled all over the world in search of great investment ideas. I’ve appeared as a guest on TV and radio shows, as well as numerous podcasts. In 2019, I co-founded Woodlock House Family Capital where I currently manage a portfolio of global investments.
Jack Welch of GE fame was long thought to be a great CEO. GE’s stock compounded at a rate of 20.9% annually under his watch. If you invested $1 when he took the reins, that dollar would’ve been worth $48 when Immelt succeeded him 20 years later. Welch beat the S&P index 3.3x, a great record. Thorndike studies eight CEOs that collectively beat the S&P by over 20x. How did they do it? Thorndike clearly shows how these elite CEOs used a distinctive toolkit to create massive gains. A must-have guide for investors looking for big winners.
"An outstanding book about CEOs who excelled at capital allocation." -- Warren Buffett #1 on Warren Buffett's Recommended Reading List, Berkshire Hathaway Annual Shareholder Letter, 2012 Named one of "19 Books Billionaire Charlie Munger Thinks You Should Read" in Business Insider. "A book that details the extraordinary success of CEOs who took a radically different approach to corporate management." -- Charlie Munger, Vice-Chairman of Berkshire Hathaway Corporation "Thorndike explores the importance of thoughtful capital allocation through the stories of eight successful CEOs. A good read for any business leader but especially those willing to chart their own course." -- Michael…
I have been investing in markets for nearly 30 years. I remember first being interested in the stock market after the 1987 crash. I read everything I could about Warren Buffett. And went on to study finance in college finishing magna cum laude (and later earned my MBA). I started my professional career as a commercial banker in the early 1990s. Then, I started my own investment newsletter in 2004 and compiled a strong track record over the next 12 years, wrote four books, and traveled all over the world in search of great investment ideas. I’ve appeared as a guest on TV and radio shows, as well as numerous podcasts. In 2019, I co-founded Woodlock House Family Capital where I currently manage a portfolio of global investments.
A companion to The Outsiders, Iddings and Cassel highlight eight more fantastic business builders, including Herb Kelleher at Southwest, Sol Price at Price Club, and Les Schwab at Les Schab Tire Centers. You see what strategies led to their great success and how you can look for similar business models and leaders in today’s markets.
How does a great company sustain and grow profits for decades? Many people are familiar with Warren Buffett’s analogy of a moat: various defenses to thwart competition. But moats are fleeting; they are here today and gone tomorrow. The more important question is, who builds and maintains moat? Intelligent fanatics do. These leaders build high-performance organizations that can dominate for decades. Intelligent Fanatics Project looks at the stories of eight intelligent fanatics who built dominant and enduring businesses. A $1,000 investment with each of these intelligent fanatics would, on average, have been worth $3.4 million thirty-seven years later—a 24.6% compounded…
I am the Founder of Stellar Wealth Partners, a SEBI-registered Research Analyst firm and small case manager for investors in the Indian stock market. I am the author of the international best-seller on value investing, The Joys of Compounding. Once a strong foundation is created for a business, owners don’t work for money. Rather, money works for them. As an investor, your money is working for you 24/7. You are becoming wealthier with each passing second, alongside the increasing intrinsic value of your businesses. An investor builds earnings power through a business ownership mindset.
Some people love to make successful investing seem more complicated than it really is. In this anthology of essays and letters written between 2010–20, Terry Smith makes the case for simply buying the best companies in the world. These are businesses that generate large amounts of cash and know what to do with it in the form of sound capital allocation. The result is a powerful compounding of returns for the long term.
This book serves as a good reiteration of the thinking and principles underpinning Smith’s investing approach, including his three-step investment mantra: “Buy good companies. Don’t overpay. Do nothing.” It also highlights the nuances of the process, including why Smith favors return on capital employed (ROCE) and free cash flow (FCF) yield as metrics for assessing companies and why Smith is less enamored of measures such as earnings per share (EPS).
Some people love to make successful investing seem more complicated than it really is. In this anthology of essays and letters written between 2010-20, leading fund manager Terry Smith delights in debunking the many myths of investing - and making the case for simply buying the best companies in the world.
These are businesses that generate serious amounts of cash and know what to do with it. The result is a powerful compounding of returns that is almost impossible to beat. Even better, they aren't going anywhere. Most have survived the Great Depression…
I’m a money manager for high-net-worth individuals. During my Wall Street years, I was ranked number one in my category in the Institutional Investor All America Research Survey for nine consecutive years. The CFA Society New York presented me its Ben Graham Award in 2017. I’ve served as a governor of the CFA Institute and consultant to the Federal Reserve Board of Governors. My writings have appeared in the Wall Street Journal, Barron’s, the Financial Times, and various scholarly journals. I live in New York City with my wife, musicologist Elaine Sisman. We have two children and five grandchildren.
Financial journalist Jason Zweig shows how the young field of neuroeconomics explains the biological factors underlying smart people’s irrational investment decisions. For example, brain scans show that the fear center lights up when investors consider putting money into foreign stocks, despite the demonstrated value of international diversification. Also to their detriment, investors perceive patterns of returns where none exist. It’s imperative to understand these cognitive errors to get proper control over investments.
I had an epiphany at Amazon, when we ran A/B tests at scale and observed the low success rate: we learned to adjust our intuitions. I recall the denial at Microsoft when I proposed to evaluate features with A/B tests “because over 50% of them failed to improve key metrics at Amazon.” The typical response? We have better program managers. When we started to evaluate ideas at Microsoft, over 2/3 of them failed to improve key metrics, and at Bing, the rate was about 80%. By 2019, most large products at Microsoft were making data-driven decisions with over 100 A/B test treatments launched every workday. I currently teach an A/B Testing class.
This insightful book on evidence-based management is rich with great references. It is filled with provoking examples of things we heard or learned, which were debunked, making you think twice about them (Twyman’s law).
Do financial incentives work? They can, but in limited scenarios where individuals could be measured and minimum quality levels kept high; they may, however, backfire and undermine teamwork and attract the wrong people. When hiring, can the best talent be identified? Even in sports, some of the best players aren’t identified early in their careers.
Rembrandt is considered a great painter; Mozart, one of the greatest composers, but they were largely unrecognized and unrewarded during their lifetimes. Does supervisor feedback help? In some scenarios, only the supervisors think so.
The best organizations have the best talent...Financial incentives drive company performance...Firms must change or die. Popular axioms like these drive business decisions every day. Yet too much common management "wisdom" isn't wise at all--but, instead, flawed knowledge based on "best practices" that are actually poor, incomplete, or outright obsolete. Worse, legions of managers use this dubious knowledge to make decisions that are hazardous to organizational health. Jeffrey Pfeffer and Robert I. Sutton show how companies can bolster performance and trump the competition through evidence-based management, an approach to decision-making and action that is driven by hard facts rather than half-truths…
Since I read George Kennan’s award-winning memoirs when I was still in high school, I have been fascinated by world history in general and specifically by the Soviet Union (Russia) and Central/Eastern Europe. I have a PhD in Russian studies and my 40+ year career has included academia, government, non-profit organizations, and the foundation sector. My professional experience has reinforced my belief that to understand today’s world and to formulate effective national security strategy one must study the roots of political, economic, or social events.
In The Peacemaker, William Inboden draws on declassified materials, interviews with high-level government officials, and on Reagan’s personal diary to write the most thorough, fair, and scrupulously researched account of Reagan’s foreign policy and the successful end of the Cold War.
And he does this with such aplomb that his history reads like a novel. I worked in the US government in the 1980s and thought I knew Reagan’s foreign policy well, but I discovered much that was new and couldn’t put the book down.
One of the Wall Street Journal’sbest political books of 2022
A masterful account of how Ronald Reagan and his national security team confronted the Soviets, reduced the nuclear threat, won the Cold War, and supported the spread of freedom around the world.
“Remarkable… a great read.”—Robert Gates • “Mesmerizing… hard to put down.”—Paul Kennedy • “Full of fresh information… will shape all future studies of the role the United States played in ending the Cold War.”—John Lewis Gaddis • “A major contribution to our understanding of the Reagan presidency and the twilight of the Cold War era.”—David Kennedy
It might be a stretch to call me an expert in ethics, but I have taught ethics for more than 30 years and I’ve read deeply in the field of behavioral ethics. I'm proud of the work I’ve done with the Ethics Unwrapped video project, though most of the credit goes to filmmakers Cara Biasucci (co-author of Behavioral Ethics in Practice: Why We Sometimes Make the Wrong Decisions) and Lazaro Hernandez (producer ofEthics Unwrapped). My passion for this topic is driven largely by the fact that I want my two daughters to live in a world where most people are trying to do the right thing most of the time.
Love this book! This is a foundational behavioral ethics book, written by two giants in the field—psychologists Bazerman of Harvard Business School and Tenbrunsel of Notre Dame.
It is research-based, yet very accessible to the novice, directly addressing, as the title indicates, why people sometimes mess up and how they can avoid it. It introduces the reader to cognitive biases and other influences that can fool people’s brains into making poor moral choices.
Blind Spots was an invaluable resource for Cara Biasucci and me for many of the 150 or so videos we have produced for Ethics Unwrapped.
When confronted with an ethical dilemma, most of us like to think we would stand up for our principles. But we are not as ethical as we think we are. In "Blind Spots", leading business ethicists Max Baseman's and Ann Tenbrunsel examine the ways we overestimate our ability to do what is right and how we act unethically without meaning to. From the collapse of Enron and corruption in the tobacco industry, to sales of the defective Ford Pinto, the downfall of Bernard Madoff, and the Challenger space shuttle disaster, the authors investigate the nature of ethical failures in the…
Gaming led to my career as a history professor. When I was about ten, I discovered some of the first commercial board games, Gettysburgor Diplomacy. Hooked, I delved into the history behind such games and discovered a passion for delving deeper. After I began teaching, I thought I could share that passion with my students through historical simulations. My “sim” courses became among the most popular in the university.
Neustadt and May wrote this book based on their seminars with government officials. Those seminars, and this book, taught two points. First, policy-makers rarely studied the background and context of the issues they were facing but instead were consumed with the need for swift decisions on immediate action. Second, those policy-makers nevertheless used history in making their decisions, nearly always using it simplistically and often incorrectly. The book is composed of a myriad of case studies. In each, the authors show how a better understanding of history might have led to better decisions.
"A convincing case that careful analysis of the history, issues, individuals, and institutions can lead to better decisions-in business as well as in government" (BusinessWeek).
Two noted professors offer easily remembered rules for using history effectively in day-to-day management of governmental and corporate affairs to avoid costly blunders. "An illuminating guide to the use and abuse of history in affairs of state" (Arthur Schlesinger).
I study cultural contagion and how it influences people to help bridge the academic-practitioner gap for companies (from “blue-chip” brands to non-profits) that aim to put ideas in the world that inspire people to take action. When I’m not putting ideas in the world as the Head of Strategy at Wieden+Kennedy New York, I put people in the world as a Clinical Marketing Professor at the Ross School of Business, University of Michigan. My entire career has centered on getting people to move, and I’ve been fortunate enough to work on some of the most notable campaigns in the past years that have created both cultural and commercial impact.
Working in social media marketing and studying the behavior sciences taught me how influence people are on other people.
However, Situations Matter, on the other hand, taught me how influential the environment—both literally and figuratively—is on our behavioral.
As Sommers argues, just as the museum visitor pays little heed to the influence that the frame has on the painting we view, we pay little heed to the context of the environment and its sway on our behavior.
I found that to be so powerful as a reframe of my scholarly work and a broadening of my marketing practice.
An "entertaining and engaging" exploration of the invisible forces influencing your life-and how understanding them can improve everything you do.
The world around you is pulling your strings, shaping your innermost instincts and your most private thoughts. And you don't even realize it.
Every day and in all walks of life, we overlook the enormous power of situations, of context in our lives. That's a mistake, says Sam Sommers in his provocative new book. Just as a museum visitor neglects to notice the frames around paintings, so do people miss the influence of ordinary situations on the way they think…
