“It wasn’t luck that made them fly; it was hard work and common sense; they put their whole heart and soul and all their energy into an idea and they had the faith.” – John T. Daniels, recalling the first
“The settling of the country, the machine age, the coming of the automobile, telephone, movies, radio, the advances in fine arts and all the sciences, demanded that our capacity to accept and use new ideas be developed to a point
The holiday season is a good time to revisit books that have been read during the past year and plan reading lists for the new year. The eleven selections listed in this article are mostly recent books focusing on finance, economics, and business topics but not all were published during 2010. The reality is that many worthy books are written each year that cannot be read due to time constraints, and this has been particularly true as the avalanche of financial crisis books came to market over the past two years. However, in other cases, we simply overlook “must read” books for years or decades. Hopefully this list will provide at least a few ideas for your 2011 reading list.
We are pleased to publish a guest article by Meir Statman, the author of What Investors Really Want. Professor Statman is a pioneer in the field of behavioral finance and his book should be required reading for anyone involved in financial markets. Whether an investor is “seeking alpha” or satisfied with the low cost approach of index funds, investing without a keen appreciation for the behavioral pitfalls that impact nearly all of us can be a costly mistake.
What makes Warren Buffett a genius? Does he have unique mathematical abilities, business insights, or simply a temperament more suited for capital allocation than all other investors? These questions have intrigued observers for decades who are trying to understand what key factors account for Mr. Buffett’s unique investment track record. Read this article for Ronald Chan’s views on what makes Warren Buffett a great investor.