This is the most scientific book on investing I’ve read so far. No wonder Warren Buffett is an avid reader of Howard Marks’s writeups. Asking ChatGPT what the “gist” of Howard Marks: The book “The Most Important Thing Illuminated” is a guide to investing and financial markets, written by Howard Marks, the co-founder and co-chairman … Read more
Found this book thanks to a podcast and it has become one of my favorite books about not only investing but general wisdom for a better life. Here are some of my favorite highlights. Work hard so you have conviction One morning, I was standing beside him when he rang his office to check in. … Read more
“I’m the Richest Guy in the World” When I think about what constitutes a successful and abundant life, the investor who embodies it best for me is Arnold Van Den Berg. He’s not a billionaire or a genius. He doesn’t own a yacht or a plane. Yet there’s nobody in the investment world whom I … Read more
I found this book on the Traders Reality YouTube channel which is an excellent channel about trading psychology, so I decided to give it a try. This book did not disappoint. It’s short and concise just as I like it, with no refillers. Many of the lessons mentioned I’ve already learned the hard way, through … Read more
“Can you believe that thing, or something like it, is going to take people to another planet for the first time in 4.5 billion years? I mean, probably. It may not work. But it probably will.” Elon This is the second Biography about Elon I’ve read, the first being Elon Musk by Ashlee Vance. This … Read more
I became interested in Vitamin D years ago after reading The Vitamin D solution, and then running a personal experiment supplementing Vitamin D, during which I didn’t get the cold for more than two years. Even in a full-blown winter in Germany in which all my relatives got sick, the flu didn’t catch me once. … Read more
One episode of Dirty Money where Fahmi short sells Valeant Pharmaceuticals, explains how short-sellers are natural contrarian thinkers. Howard Marks, the author of The most important thing illuminated which is one of my favorite books in investing, does a great job explaining the importance of being a contrarian. I thought about how to learn more … Read more
This is the second book I read Peter Lynch, which is one of my favorite investors. Check out the first one here. One of the reasons or perhaps the biggest reason I like to learn from Peter is because he has a way of communicating his common sense in an understandable way. Simplifying complex things … Read more
I learned about this book in the TV show Billions. A judge mentioned it to make a point that a lawyer shouldn’t give up so easily. Of course on my reading list it went. This book teaches a very succinct but important difference between giving up and quitting. Turns out there is a big difference … Read more
Being very interested in DeFi (Decentralized Finance) — I failed to find good books about that topic out there — other than The Infinite Machine. This book narrates the story of Ethereum. It was such a pleasure reading it. I enjoy having an insight about how radical and paradigm shifting ideas came to be. Let’s … Read more
I discovered Peter Lynch while listening to The Art of Investing – Lessons from History’s Greatest Traders. That audiobook is like a mini MBA in investing. A great starting point to discover people to follow and books to read. I remember that night so well, it was magical because I went photo-shooting while listening to … Read more
Found this book in my library and decided to give it a read. It’s a quick read and very interesting. I didn’t know that CBD is as widely used in high performance sports. Here are some of my highlighted parts of the book. A brief introduction to the author’s story The author faced a personal … Read more
On several occasions Gary mentioned that the Thank You Economy is is most underrated book. I agree, Gary too — guessing from his retweet 😄 This book breaks marketing down to an essential principle like no other I’ve read. Caring about your customer. Let’s start with a few of my favorite quotes. How do people … Read more
I can’t remember exactly how I found this book but this is one of the most underrated psychology/self-development books In my opinion. This is a pragmatic book, it spends very little time on theory. Most of the content are examples of exercises the author performed with his students, or accounts of personal experiences of his … Read more
Black Privilege is an amusing biography to read. I won’t go into detail about the many anecdotes, you have to read them in context to really enjoy them. But I’ll share some of the little lessons I got out of this book. Don’t be afraid to tell the truth With fifteen years Charlamagne took a … Read more
My high expectations for this book turned out to be accurate. What it takes is a must read if you are interested in the reasoning process one of the biggest investors uses to make good decisions. The Blackstone Way After messing up an investment he himself approved, Schwarzman implemented a method in which ideas are … Read more
In this excerpt from What it takes, Stephen Schwarzman explains how Blackstone developed it’s highly risk-averse and impersonal investing strategy. His system differs from that of Warren Buffett which I find highly interesting. Warren makes decisions on his own mostly, at Blackstone there is a process through which investing decisions have to go. THERE ARE … Read more
In this excerpt from What it takes, the CEO and co-founder of Backstone brings clarity to economic cycles and how to deal with them effectively in investments. The success of any investment depends in large part on where you are in the cycle when you make it. Cycles can have a major impact on the … Read more
What follows is an excerpt from the founder of Backstone Stephen A. Schwarzman’s Biography. Blackstone is the largest alternative investment firm in the world. This is my favorite chapter so far in this book. It is so interesting to me because Stephen describes his thinking process when he created a new company. What he was … Read more
This book is so good I read it twice, and probably will read it again within a year. There is just so much insight and it rings to true to me. This book is about finding what self-made Billionaires have in common. Searching answers for questions like. What skills, habits, talents or life experiences distinguish … Read more