Travis book recomendation
by strickjim | November 6, 2021 12:05 pm
Travis recently recommended a book something like “100 baggers”, I think. Can anyone provide this info?
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“100 Baggers: Stocks that Return 100-to-1 and How to Find Them,” by Chris Mayer — provides some nice perspective on how to think about long-term growth and compounding, and letting companies grow without overthinking it.
For folks interested in other investing books, there are a lot of them these days but I recommend the older Peter Lynch books (“One up on Wall Street,” particularly) and “The Little Book that Beats the Market” by Joel Greenblatt as other good “how individual investors can best think about investing and companies” books that are easy reads.
For more of a big picture perspective, I suggest reading Howard Marks (“The Most Important Thing” is his collection of memos over the years), and reading all of Warren Buffett’s annual shareholder letters from Berkshire Hathaway. If you want perspective on starting a business and building it with a persistent eye on the future, Jeff Bezos’ annual letters to Amazon shareholders are also well done and worthwhile. If you read a fair number of shareholder letters and annual reports for a few years, you’ll start to get a better idea of the mindset or management style or business model that makes the best companies unique in the long run.
If folks have other suggestions, I’m always looking for ideas to add to the teetering pile next to my bed.
I felt like “The Psychology of Money” by Morgan Housel was one of the best non-Investing books that has help me coalesce my personal Investment Policy Statement.
Another really excellent book.