My Favorite Investing Resources

I’ve received many questions about where to start, books to read and podcasts to follow for value investing. While the following addresses their specific request, I think this list of resources helps all investors.

Traders learn from value guys. Value guys learn from momentum traders. We all learn from each other.

I’ve broken down my favorite resources into three categories: Books, Podcasts and YouTube. Don’t worry! Each resource has outbound links.

This list isn’t exhaustive — and that’s the beauty of this sport. I’m adding new resources and content each day.

If you think I missed anything crucial, let me know in an email or in the Comm Center. I’ll make sure to add it to the list.

Let’s get to it!

________________________________

Books

Intelligent Investor, Benjamin Graham

• • One Sentence Summary: The bible that tells you everything you need to know about the psychology of investing.

Security Analysis, Benjamin Graham

• • One Sentence Summary: Ben Graham lays out exactly how he analyzes businesses, stocks and bonds with brutal

The Dhando Investor, Mohnish Pabrai

• • One Sentence Summary: Investing framework for thinking in terms of “heads I win, tails I don’t lose much.”

The Education of a Value Investor, Guy Spier

• • One Sentence Summary: How one man spent $650K to learn all of life’s lessons from Warren Buffett.

You Can Be a Stock Market Genius, Joel Greenblatt

• • One Sentence Summary: How to find corners of the market where you can make money.

The Little Book That Still Beats The Market, Joel Greenblatt

• • One Sentence Summary: Quantitative framework for finding businesses that generate excess returns.

100 Baggers: Stocks That Return 100-to-1 and How To Find Them, Christopher Mayer

• • One Sentence Summary: Common themes and how to profit from companies that can return 100-to-1 on your initial investment.

The Most Important Thing, Howard Marks

• • One Sentence Summary: The most important thing is to be contrarian and be right.

Mastering the Market Cycle, Howard Marks

• • One Sentence Summary: Markets move in cycles, and if you know where you are in the cycle, there’s opportunity.

One Up On Wall Street, Peter Lynch

• • One Sentence Summary: Invest in what you know so that you can explain your thesis to a five year old.

Common Stocks and Uncommon Profits, Philip Fisher

• • One Sentence Summary: Think like a stock investor, not a stock trader.

The Outsiders: Eight Unconventional CEOs and Their Radical Blueprint for Success, William Thorndike

• • One Sentence Summary: Thorndike highlights CEOs that acted differently, yet generated tremendous value for shareholders.

The Acquirer’s Multiple, Tobias Carlisle

• • One Sentence Summary: On the back of Joel Grenblatt’s research, Tobias reveals why deep value investing still works today.

Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Companies, Tobias Carlisle

• • One Sentence Summary: There’s value in bad, failing businesses; Tobias helps you find it.

Value Investing: From Graham to Buffett and Beyond: Bruce Greenwald, Judd Khan, Paul Sonkin, Michael van Biema

• • One Sentence Summary: Incredible base-level framework for value investing with more conservative valuation techniques.

The Richest Man in Babylon, George S. Clason

• • One Sentence Summary: Some of the best financial advice is the oldest advice.

Financial Statements: A Step-By-Step Guide to Understanding and Creating Financial Reports, Thomas Ittelson

• • One Sentence Summary: This book breaks down the fundamentals of accounting and bookkeeping.

Margin of Safety, Seth Klarman

• • One Sentence Summary: Value investing’s cult-like relic that will cost you an arm and a leg.

Superforecasting: The Art and Science of Prediction,  Philip Tetlock

• • One Sentence Summary: Learn to unlock the power of feedback in your prediction process.

Thinking Fast and Slow, Daniel Kahneman

• • One Sentence Summary: Start thinking with your System 2 Brain, making slower, more deliberate decisions.

Intelligent Fanatics: Standing On The Shoulders of Giants, Ian Cassel and Sean Iddings

• One Sentence Summary: What makes an intelligent fanatic, how to find and invest in them.

Principles: Life and Work, Ray Dalio

• • One Sentence Summary: Radical transparency and truth improves your personal and business life.

Hedge Fund Market Wizards, Jack Schwager

Market Wizards: Interviews with Top Traders, Jack Schwager

• • One Sentence Summary: Schwager interviews those that win BIG in financial markets from traders, scalpers to value investors.

Insider Buy Superstocks: The Super Laws of How I Turned $46K into $6.8 Million (14,972%) in 28 Months, Jesse Stine

• • One Sentence Summary: The man who returned over 14,000% in 28 months shares how he did it, and how you can too.

Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business and Life, Rory Sutherland

• • One Sentence Summary: Thinking outside the box can result in money saved, projects improved and alchemy created.

Expectations Investing: Reading Stock Prices For Better Returns, Alfred Rappaport, Michael Mauboussin

• • One Sentence Summary: Stock prices aren’t functions of underlying fundamentals, but of embedded expectations.

The Success Equation: Untangling Skill and Luck in Business, Sports and Life, Michael Mauboussin

• • One Sentence Summary: Mauboussin exposes the role luck has in business, life and sports achievements.

The Joys of Compounding, Gautam Baid

• • One Sentence Summary: Gautam takes you through over 200 years’ worth of examples on the power of compounding.

The Rebel Allocator, Jacob Taylor

• • One Sentence Summary: A fast-paced, action-packed adventure into the world of effective and value-creating capital allocation.

Harvard Business Review’s Guide To Buying a Small Business, Richard Rubak and Royce Yudokff

• • One Sentence Summary: This book teaches you how to buy a small business, and in turn, reveals how to analyze micro-cap stocks on public markets.

Technical Analysis and Stock Market Profits, Richard Schabacker

• • One Sentence Summary: The bible for classical charting principles.

Diary of a Professional Commodities Trader, Peter Brandt

• • One Sentence Summary: While not directly related to value investing, there’s always something to learn from a 30%+ compounder of capital.

________________________________

Podcasts

Focused Compounding, Geoff Gannon and Andrew Kuhn

• • One Sentence Summary: Geoff and Andrew talk all things value investing with a gear towards education for beginners.

We Study Billionaires, Preston Pysh and Stig Brodersen

• • One Sentence Summary: Preston and Stig collect information about the world’s best (and richest) investors and distill the information down into podcast episodes.

The Acquirer’s Podcast, Tobias Carlisle

• • One Sentence Summary: Deep value investing concepts from Tobias and well-known investors.

Master in Business, Barry Ritholz

• • One Sentence Summary: Barry dives into macro and micro business topics with top-notch thinkers in economics, business and corporate finance.

Macro Ops Podcast, Chris D.

• • One Sentence Summary: Need we say more???

Invest Like The Best, Patrick O’Shaughnessy

• • One Sentence Summary: Directly from the podcast: “Exploring the ideas, methods, and stories that will help you better invest your time and money.”

Chat With Traders, Aaron Fifield

• • One Sentence Summary: Learn how a diverse mix of traders went from zero to hero and how they successfully trade markets today.

Planet MicroCap Podcast, Bobby Kraft

• • One Sentence Summary: The best podcast for all things micro-cap investing.

________________________________

YouTube Channels

Investors Archive

• • One Sentence Summary: The best collection of interviews with the worlds best value managers, traders, private equity managers and real estate moguls.

Focused Compounding

• • One Sentence Summary: Along with full podcast episodes, Andrew breaks down value investing concepts in quick-hit videos.

Curreen Capital

• • One Sentence Summary: Christian Ryther of Curreen Capital provides breakdown on investing strategies, best practices and advice to wanna-be fund managers.

Tech Charts

• • One Sentence Summary: One of the best resources for learning classical charting principles (yes, value investors can use classical charting!).

Aswath Damodaran

• • One Sentence Summary: The OG of valuation posts entire curriculums, for free.

Talks at Google

• • One Sentence Summary: Be a fly on the wall as you learn alongside Google employees from experts in many domains.

Mohnish Pabrai

• • One Sentence Summary: Excellent collection of interviews with Mohnish Pabrai.

Bloomberg Quint

• • One Sentence Summary: Bloomberg for Indian financial markets.

Chat With Traders

• • One Sentence Summary: Aaron’s podcasts uploaded to YouTube.

Real Vision Finance

• • One Sentence Summary: Global macro focused finance channel (make sure to check out AK!).

MicroCapClub

• • One Sentence Summary: Ian doesn’t post many videos, but the ones on his channel are gold.

GreenWood Investors

• • One Sentence Summary: Steven Wood of GreenWood Investors posts stock pitches and interviews.

AK Fallible – Financial Entertainment

• • One Sentence Summary: Macro Ops’ own AK provides entertaining (and informative!) videos on stocks, finance and popular finance-related shows.

SNN Network

• • One Sentence Summary: Bobby Kraft posts interviews of his podcast episodes (Planet MicroCap).

MOI Global

• • One Sentence Summary: The Warren Buffett 1998 speech video alone is worth the sub.

_______________________________________________