Books on Other Master Investors Part 2 Other Investment Books Worth Reading For other views on investing from people not directly involved in the industry (including academics) some of the better choices include A Random Walk Down Wall Street by Burton Malkiel, Stocks for the Long Run by Jeremy Siegel and Irrational Exuberance by Robert Shiller. Charles Mackay’s The Extraordinary Popular Delusions…Details
Recommended Books on Risk & Uncertainty An understanding of risk and uncertainty is essential for investment success. Simply the best book on this topic I’ve ever seen is Fooled by Randomness by Nassim Nicholas Taleb. Peter Bernstein has also written a classic on this topic: Against the Gods: The Remarkable Story of Risk. Though you’ll find this book…Details
A Computer Game Railroad Tycoon is a wonderful computer game that should be issued with a warning: BEWARE: THIS GAME CAN BE ADDICTIVE. I speak with considerable authority on the topic! You’re the CEO of a railroad. Depending on which of the dozens of different scenarios you choose to play, you’ll have up to 31 computer-generated competitors.…Details
Imagine we’re on a plane; we’ve crossed an ocean, we’ve landed; we’re taxiing up to the gate. As we file off the plane we have our passports ready.
But something rather strange happens: no one wants to look at them. We see no official-looking types of any kind.
Welcome to Freelandia, a country—perhaps it’s better to call it a place—which is truly free: there’s no government to invade and restrict our liberties. Of course, Freelandia doesn’t exist (yet) except in my imagination.
And in science fiction, the literature of the imaginationDetails
The Reluctant Virgin In 1990 I set up shop in Hong Kong as a psycho-therapist. With no licencing laws, there were no barriers to entry. By the same token, the fact that I had no degree in psychology, or other paper qualifications, meant that clients were few and far between. Nevertheless, I had a handful…Details
Socialism Begins at Home The other day, I was talking to a young woman who’d run away from home when she was 16. I asked her why she’d run away. “Because I wanted to be free,” she answered; and added after a moment: “Everyone wants to be free.” Do they? I wonder. Like this woman,…Details
“Monster” versus “Shadow” This is a commentary on the session with “Andrew” documented in Transforming the “Monster” Within. The shadow cannot be eliminated. It is the ever-present dark brother or sister.(1) “Shadow” is a term from Jungian psychology, and it seems appropriate to call Andrew’s Monster his Shadow part. However, had we taken a Jungian approach…Details
Transforming the “Monster” Within In 1990 I set up shop in Hong Kong as a psycho-therapist. With no licencing laws, there were no barriers to entry. By the same token, the fact that I had no degree in psychology, or other paper qualifications, meant that clients were few and far between. Nevertheless, I had a…Details