A value investing reading list to help you cut straight to the good stuff!

Finding needles in a stack of needles

Searching investment books in the books department on Amazon yields over 50,000 results. At the time of my search, one of the top results seems to suggest you can become a professional investor in two weeks… I can’t comment on whether that’s true as I haven’t read it, but I have read and highly recommend each of the books below!

Given that most of the titles of these 50,000+ books are fairly similar (involving some combination of beating the market or being a great investor), the search for useful investing books is more like finding a specific needle in a…


How did a lawyer from Omaha become one of the most successful investors of all-time?

Photo by Ed Robertson on Unsplash

Through this article, and through the series that will follow it over the coming weeks and months, we will seek to explore the thought process of Charlie Munger and understand how that process can improve our own decision-making and subsequently the results we get in all aspects of our life, including work, investing, and personal relationships.

Bill Gates once said of Charlie Munger:

He is truly the broadest thinker I have ever encountered. From business principles to economic principles to the design of student dormitories to the design of a catamaran he has no equal… Our longest correspondence was a…


How thinking backwards can change your life

Mental Model Lollapalooza

Charlie Munger is the business partner of Warren Buffett and one of the most successful investors of all-time. He is a huge believer in gathering a ‘latticework’ of elementary mental models from a variety of disciplines in order to improve your decision-making in business, academic research, and virtually all aspects of life. Through this series, the Mental Model Lollapalooza, we will explore around 100 mental models (the number Munger himself uses) to arm us with a multi-disciplinary toolkit to understand the world around us.

Click here for a link to the main Mental Model Lollapalooza article.

upside down reflection of a city through a glass sphere
upside down reflection of a city through a glass sphere
Photo by Florian Gagnepain on Unsplash

Inversion

“Invert, always invert” —…


The Building Blocks of Rational Decision-Making

Mental Model Lollapalooza

Charlie Munger is the business partner of Warren Buffett and one of the most successful investors of all-time. He is a huge believer in gathering a ‘latticework’ of elementary mental models from a variety of disciplines in order to improve your decision-making in business, academic research, and virtually all aspects of life. Through this series, the Mental Model Lollapalooza, we will explore around 100 mental models (the number Munger himself uses) to arm us with a multi-disciplinary toolkit to understand the world around us.

Click here for a link to the main Mental Model Lollapalooza article.

shipping containers being loaded onto cargo ships
shipping containers being loaded onto cargo ships
Photo by Dominik Lückmann on Unsplash

Principles of Economics

Greg Mankiw is a…


How Warren Buffett & Charlie Munger got rich hunting for moats

Mental Model Lollapalooza

Charlie Munger is the business partner of Warren Buffett and one of the most successful investors of all-time. He is a huge believer in gathering a ‘latticework’ of elementary mental models from a variety of disciplines in order to improve your decision-making in business, academic research, and virtually all aspects of life. Through this series, the Mental Model Lollapalooza, we will explore around 100 mental models (the number Munger himself uses) to arm us with a multi-disciplinary toolkit to understand the world around us.

Click here for a link to the main mental model lollapalooza article.

A castle with a very wide moat
A castle with a very wide moat
Photo by Andy Watkins on Unsplash

Moats

“In business, I look…


A repository of the articles I’ve written about mental models

The Mental Model Lollapalooza Catalogue

The articles are categorised by field. As this is a work in progress, I’ve added both the articles that are published (in bold and underlined) and the titles of the other articles so you can see what’s still to come.

The main article, explaining the overall purpose of this project can be found here.

Physics

The Scientific Method
Equilibrium
Critical mass
Thermodynamics

Mathematics

Compound Interest (Exponential Growth)
Combinations and Permutations
Bayes’ Theorem
Power Laws (Fat-tailed Distributions)
Networks
Game Theory
Leverage
Complex Systems
Regression to the mean

Chemistry

Autocatalysis

Engineering

Margin of Safety
Feedback
Redundancy
Checklists

Biology

Evolution and the Genetic Algorithm

Philosophy

Inversion

Factfulness
Cloning
Stoicism

Economics


How the eighth wonder of the world can make you unimaginably rich (if you live long enough)

Mental Model Lollapalooza

Charlie Munger is the business partner of Warren Buffett and one of the most successful investors of all-time. He is a huge believer in gathering a ‘latticework’ of elementary mental models from a variety of disciplines in order to improve your decision-making in business, academic research, and virtually all aspects of life. Through this series, the Mental Model Lollapalooza, we will explore around 100 mental models (the number Munger himself uses) to arm us with a multi-disciplinary toolkit to understand the world around us.

Click here for a link to the main mental model lollapalooza article.

Einstein Street Art
Einstein Street Art
Photo by Taton Moïse on Unsplash

What is Compound Interest?

“Compound interest is the…


The Most Important Investing Lessons from Warren Buffett’s Favourite Book

Disclaimer: None of this article should be considered investment advice. This is merely my attempt at summarising some investment lessons often discussed by Warren Buffett and originally written by his mentor, Benjamin Graham.

This article also contains Amazon affiliate links for the book recommendations made.

Photo by Lalaine Macababbad on Unsplash

I think it would be best by starting with a note that this article is not designed for complete investing beginners. It’s not overly technical, but it does require some knowledge of investing principles.

If you are looking for an introduction to investing, I would recommend reading Why Stocks Go Up and Down.

The Intelligent…

David R. Phillips

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