Here are 100 books that The Success Equation fans have personally recommended if you like
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As a professional statistician, I am naturally interested in AI and data science. However, in our current information age, everyone, in all segments of society, needs to understand the basics of AI and data science. These basics include such things as what these disciplines are, what they can contribute to society, and perhaps most importantly, what can go wrong. However, I have found that much of the literature on these topics is highly technical and beyond the reach of most readers. These books are specifically selected because they are readable by virtually everyone, and yet convey the key concepts needed to be data-literate in the 21st century. Enjoy!
A “Black Swan” is a highly unlikely event that occurs with massive consequences. Think of 9/11 or the astonishing success of Google or Amazon.
The main issue relative to Black Swans, as explained by Talib, is that after the fact people are drawn to concocting detailed explanations that make them seem less random, and more predictable. In other words, people develop causal explanations that are completely wrong, but sound reasonable, and will then use them to predict the future.
In the words of Nate Silver, they invent a “signal” to explain what is in reality “noise.” These explanations also create a false sense of security about our ability to predict future events. In short, we fool ourselves into thinking that we know more than we actually do.
The most influential book of the past seventy-five years: a groundbreaking exploration of everything we know about what we don’t know, now with a new section called “On Robustness and Fragility.”
A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions…
I’ve been interested in investing for over four decades since I started as a finance PhD student at Wharton. Since then my research has focused on understanding the stock market. Early on, I tried applying my research to my investing. For example, I was convinced that a recently listed stock called Google was way overvalued—was I ever wrong! That got me to reflect on my investment philosophy—what did I truly believe about how markets really behaved? That brought me back to understanding and appreciating the contributors to Modern Portfolio Theory, which led to a fun decade-long book project. Currently I enjoy writing about investing through my blog.
I had the pleasure of interviewing Charley for our book.
He’s a great storyteller. He was probably the first practitioner to advocate for passive index investing. He’s a tennis enthusiast, and his book was inspired by a book he read aimed at amateur tennis players. Ellis learned that to win at tennis, the best strategy is to simply try to not lose, and to not try to act like professional players.
He realized that the same strategy worked for investors as well. That means that investors shouldn’t try to beat the market.
The definitive guide to long-term investing success-fully updated to address the realities of today's markets
Technology, information overload, and increasing market dominance by expert investors and computers make it harder than ever to produce investing results that overcome operating costs and fees. Winning the Loser's Game reveals everything you need to know to reduce costs, fees, and taxes, and focus on long-term policies that are right for you.
Candid, short, and super easy to read, Winning the Loser's Game walks you through the process of developing and implementing a powerful investing strategy that generates solid profits year after year. In…
I’ve long been fascinated by money and wealth and people’s relationship to them. I started my career as an estate planning attorney and then broadened my expertise to investing. I know that investing can seem scary due to the complexity of the financial markets and the overwhelming amount of investment products and strategies. But successful investing doesn’t have to be hard or scary. With the proper guidance, anyone can embark on a strategy of creating wealth through investing. Reading the right book is a good first step in the right direction.
Warren Buffett, considered the greatest investor of all time, manages a portfolio worth hundreds of billions of dollars.
However, Swedroe's teachings show that his core investment strategies can be replicated by any investor. In his book, Swedroe offers insights into Buffett's philosophy and practical guidance on building a diversified portfolio, managing risk, and making sound investment decisions.
The book is written in a clear and concise manner, with complex topics simplified, making it a great recommendation for novice investors.
Bedrock Investing Principles for Profiting in Today's Shaky Markets
If you wanted to create the next earth-shattering consumer product, Steve Jobs would be an ideal role model to follow. If you planned to become a great golfer, you might look to Arnold Palmer or Jack Nicklaus.
So, if your goals are to outperform other investors and achieve your life's financial goals, what should you do?
Think, act, and invest like the best investor out there: Warren Buffett. While you can't invest exactly like he does, Think, Act, and Invest Like WarrenBuffett provides a solid, sensible investing approach based on Buffett's…
I’ve long been fascinated by money and wealth and people’s relationship to them. I started my career as an estate planning attorney and then broadened my expertise to investing. I know that investing can seem scary due to the complexity of the financial markets and the overwhelming amount of investment products and strategies. But successful investing doesn’t have to be hard or scary. With the proper guidance, anyone can embark on a strategy of creating wealth through investing. Reading the right book is a good first step in the right direction.
Practicing good behavior is the most important ingredient of successful investing.
And understanding the ingrained biases and heuristics that negatively impact our behavior is essential to good investment behavior.
I’ve read dozens of books on behavioral biases, and I think this book is among the best and a perfect introduction to the topic. Written in a light and humorous manner, Montier explains common cognitive biases, how they lead to irrational investment decisions, strategies for overcoming them, and how to practice better investment behavior.
A detailed guide to overcoming the most frequently encountered psychological pitfalls of investing
Bias, emotion, and overconfidence are just three of the many behavioral traits that can lead investors to lose money or achieve lower returns. Behavioral finance, which recognizes that there is a psychological element to all investor decision-making, can help you overcome this obstacle.
In The Little Book of Behavioral Investing, expert James Montier takes you through some of the most important behavioral challenges faced by investors. Montier reveals the most common psychological barriers, clearly showing how emotion, overconfidence, and a multitude of other behavioral traits, can affect…
I built a 7-figure business buying foreclosures in multiple states and with my book you’ll discover how to duplicate my success and drastically reduce your learning curve. I've flipped hundreds of houses buying directly from homeowners in foreclosure and at auctions in Arizona, Illinois, and Wisconsin. I was guest #1 on the popular BiggerPockets podcast as well as a featured contributor to the website. I've also been featured in numerous real estate articles for USA Today, Reuters, and the Arizona Republic. And I'm the founder of FixandFlipHub.com, a real estate education company that has helped hundreds of real estate entrepreneurs start and scale their businesses.
Are you consistently inconsistent? In other words, do you have a sincere desire to start real estate investing, or scale your current business, but are constantly veering off-course because life keeps getting in the way? Me too. In this book you’ll learn the importance of making small, daily decisions that will, over time, result in exponential growth in your personal and financial life.
Do you want success? More success than you have now? And even more success than you ever imagined possible? That is what this book is about. Achieving it. No gimmicks. No hyperbole. Finally, just the truth on what it takes to earn success As the central curator of the success media industry for over 25 years, author Darren Hardy has heard it all, seen it all, and tried most of it. This book reveals the core principles that drive success. The Compound Effect contains the essence of what every superachiever needs to know, practice, and master to obtain extraordinary success.…
For as long I can remember, I’ve been an ideas guy. I even like the idea of ideas…I guess that makes me a meta-idea guy. But not just any ideas. Ideas that achieve the maximum impact with the minimum means. Oliver Wendell Holmes once wrote, “I wouldn’t give a fig for simplicity on this side of complexity, but I’d give my life for simplicity on the other side of complexity.” Creative ideas are the main event of the imagination, and the simpler the better. I've written and published several books, hundreds of articles and blogs, and even had dozens of songs published. But by far my favorite creative accomplishment is winning the New Yorker cartoon caption contest in 2008.
Roger Martin is a mentor. I learned how to think strategically from him, first-hand. In fact, I hated strategy until I met Roger. He is one of the brightest thinkers on the planet. I use his frameworks daily in my work. His concept of integrative thinking, taught while he was dean of the University of Toronto’s progressive Rotman School, is all about the ability to hold two opposing ideas in your head at once. This is the stuff of breakthrough. The challenge is to avoid either/or thinking when considering two different ideas and synthesize them into an altogether new concept that improves on both. It’s like alchemy for the mind.
If you want to be as successful as Jack Welch, Larry Bossidy, or Michael Dell, read their autobiographical advice books, right? Wrong, says Roger Martin in The Opposable Mind. Though following best practice can help in some ways, it also poses a danger: By emulating what a great leader did in a particular situation, you'll likely be terribly disappointed with your own results. Why? Your situation is different. Instead of focusing on what exceptional leaders do, we need to understand and emulate how they think. Successful businesspeople engage in what Martin calls integrative thinking creatively resolving the tension in opposing…
Trained as an artist, through my work as a college professor I became committed to helping others cultivate and expand their creativity. It has always been heartbreaking to hear friends and acquaintances bemoan their lack of creativity simply because they hadn't developed drawing skills. Creativity is a human characteristic that can be developed in any discipline and with practice and encouragement, is available to anyone. In my reading and my writing, I seek a combination of accessibility and substance. If a book is engaging enough to read at the beach yet substantial enough to provide fuel for thought long afterward, it is a winner!
This eye-opening and informative book provides vivid examples of small problems that became real tragedies due to inaction, miscommunication, and poor decision-making. By looking upstream to seek and address root causes of problems, we can save money, improve lives, and increase productivity. I loved the gripping examples Dan Heath used in this book. It was as engaging as reading a novel, yet provided substantial information based on careful research.
New York Times bestselling author Dan Heath asks what happens when we take our thinking upstream and try to prevent problems before they happen.
When we shift our energies upstream, we stop dealing with the symptoms of problems and we start fixing problems.
If we can stop crimes from being committed, we do not need to work to 'solve' crimes. If we can prevent chronic diseases from developing, we do not need to treat these diseases. If we can provide affordable housing, we do not need to provide shelter for the homeless. Looking to business, politics, and society, Dan Heath…
I've been driving innovation in various capacities with world’s leading companies and start-ups for the last 23 years in Silicon Valley. I've been granted six US patents, won two prestigious design awards including the Red Dot award, and published a book on transforming an idea into a business using Design Thinking. What I've learnt is that at the core of any successful business lies the value to the end user who uses the solutions. As I got exposed to Design Thinking earlier on in my career, I realized its immense power in delivering human-centered innovations. I regularly speak at several industry & entrepreneurial events and various business schools around the world.
Creative Confidence is a book that explores the idea that everyone has the ability to be creative, and that creativity can be a powerful tool for innovation and problem-solving.
Kelley argues that many people believe that creativity is a rare and elusive talent that only a select few possess, but in reality, everyone can develop their creative abilities with practice and effort.
Kelley provides numerous examples of individuals and organizations that have successfully used creativity to solve complex problems and create innovative solutions.
He also offers practical strategies and exercises for developing creative confidence, such as embracing failure, challenging assumptions, and experimenting with new ideas.
I have personally seen the benefits of creative confidence in my work and the work of others around me.
A powerful and inspiring book from the founders of IDEO, the award-winning design firm, on unleashing the creativity that lies within each and every one of us.
Too often, companies and individuals assume that creativity and innovation are the domain of the 'creative types'. But two of the foremost experts in innovation, design and creativity on the planet show us that each and every one of us is creative.
In an entertaining and inspiring narrative that draws on countless stories from their work at IDEO, and with many of the world's top companies and design firms, David and Tom Kelley…
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.
Investment manager Michael Mauboussin illuminates mental errors that impede investment success with excellent real-life examples. The good news is that these errors are avoidable. Relying on expert opinion is useful in some cases but not in others. Mauboussin also deflates the “great company” myth, citing research that finds the stocks of companies hailed as champions by business magazines subsequently underperform the stocks of companies derided by the same periodicals.
No matter your field, industry, or specialty, as a leader you make a series of crucial decisions every single day. And the harsh truth is that the majority of decisions-no matter how good the intentions behind them-are mismanaged, resulting in a huge toll on organizations, the people they employ, and even the people they serve. So why is it so hard to make sound decisions? In Think Twice, now in paperback, Michael Mauboussin argues that we often fall victim to simplified mental routines that prevent us from coping with the complex realities inherent in important judgment calls. Yet these cognitive…
For nearly 40 years, I have studied and written about blending the business world and the spiritual side of life together. By spiritual, I mean everything to do with our purpose and why we exist. I refer to this as being ALIVE @ WORK ®. We spend countless hours at work doing a j-o-b, when what we want most is knowing that we are making a difference in our lives and the lives of others. The key is taking 100% responsibility for our lives, knowing we have the power to change them in an instant. You will find this thread woven through all of my books and those I recommend.
A very well-written book by a reporter from the New York Times (also the author of The Power of Habit). The author's style of writing, which is then blended with stories of people and organizations, kept me glued as if I was reading a news story.
It is one of the best books written on productivity I have ever read! There is such a broad range of people and stories, but all wrapped up into eight key concepts about focus and productivity. This book can help you understand why some folks (organizations) are so much more productive than others.
In his international bestseller The Power of Habit, Pulitzer Prize-winner Charles Duhigg explained why we do what we do. Now he applies the same relentless curiosity and masterful analysis to the question: how can each of us achieve more?
Drawing on the very latest findings in neuroscience, psychology and behavioural economics, he demonstrates the eight simple principles that govern productivity. He demonstrates how the most dynamic and effective people - from CEOs to film-makers to software entrepreneurs - deploy them. And he shows how you can, too.
'Charles has some wonderful advice for increasing productivity . . . the tips…
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