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10 Finance Books Worth Reading This Winter

About this time of year, I like to make a list of newly released books to read during the cold winter months. There are so many new and interesting authors releasing new works each year that a check list makes it more likely I will read some of them.

The problem is my P/R ratio: purchased-to-read-book ratio. Out of the many interesting books we all buy each year, we only end up reading some of them. Not counting travel or cookbooks, my Amazon.com order history tells me I have bought 51 books in 2017, but I have read just 21 of them. My P/R ratio is 2.43.

I plan to fix that. My usual run of new books for winter will appear next month; today, I went to my own bookshelf, and picked 10 missed opportunities. These are either unread, unfinished or worthy of a re-read.

These are not merely the classics — you don’t need me to tell you to read “A Random Walk Down Wall Street”; instead, these may be a bit off the beaten path. Let’s jump right in:

• “Poor Charlie’s Almanac“: Peter Kaufman. Now in its third edition, this 548-page illustrated book is an encyclopedic collection of the wit and wisdom of Charles Munger, Warren Buffett’s 93-year-old partner. Munger advocates three practices: read deeply, understand diversification and invert ideas as a way to test them. His words are as down to earth as any spoken by one of the world’s most successful investors.

• “The Money Game“: George Goodman, who wrote under the nom de plume Adam Smith. Goodman skewered Wall Street as it existed in the 1960s and ’70s. The Harvard-educated Rhodes Scholar predated the snark of the modern era by almost a half-century. He

Article source: https://www.bloomberg.com/view/articles/2017-11-13/10-finance-books-worth-reading-this-winter

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