Consilient Investor > Book Reviews > Page 1 of 2
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| Book Review: A Demon of Our Own Design Bookstaber's goal is to hammer home a key philosophical point regarding risk. He wants readers to understand that financial markets are inherently unstable, and this reality places limits on how far we (or anyone) should go in pursuit of outsized returns. |
Book Review: A Thousand Barrels A Second On the emotional subject of peak oil, there are two extremes of debate. Tertzakian helps bridge the gap between these extremes by explaining that yes, the challenge is serious, and gut-wrenching times are ahead... but we will ultimately see our way through. |
| Book Review: Bubble Man Hartcher offers up the final puzzle piece, laying blame at the feet of the man who saw the great bubble develop, privately acknowledged its presence, decided to do nothing, pumped it further, cheered it on, and then refused to take responsibility when it burst: Alan Greenspan. |
Book Review: Poker Face of Wall Street If Brown is right, gambling (and particularly poker) played a pivotal role in the development of dynamic financial life as we know it. It makes sense when you think about it. It's just unorthodox as hell, that's all. |
| Book Review: Mosaic Mohnish Pabrai has roughly $300 million under management (as of this writing). Yet he works with only a single secretary, reads a lot, and takes naps a lot, resting in the conviction of his concentrated, long-term positions. |
Book Review: More Than You Know We are realizing, slowly but surely, that the habit of erecting artificial walls between disciplines is, not to put too fine a point on it, dumb. (Or, as Charlie Munger might say, damn dumb.) |
| Book Review: Hedgehogging Wall Street is not a world of perfect information and rational utility maximizers, but rather a chaotic and messy one... a distinctly human one. Ego dominates. Fear and greed abound. Hubris plays a major role, as do lesser sins like herd mentality, groupthink, and yes, even plain old Stupidity with a capital `S.' |
Book Review: American Sucker A compelling tale of one man's descent into financial madness, "American Sucker" is an intellectual descendant of Mackay's "Extraordinary Popular Delusions and the Madness of Crowds," or perhaps a one-man addendum to Kindleberger's "Manias, Panics & Crashes." |
| Book Review: Freakonomics In helping folks see the nuts and bolts of economics more clearly, and getting them to realize there is more than the pundits and politicians let on, Freakonomics does a public service. |
Book Review: Fortune's Formula For all the criticism in this review, the straightforward explanation of theory is where Fortune's Formula shines. In regards to thinking about risk, better understanding risk, and applying risk-related concepts to trading / investing / money management, light bulbs will click on for experienced practitioners and novices alike. |
| Book Review: The Predictors The way Bass lays it out, Prediction Company could be any technology startup -- but the story is extremely well told. You get a whirling gestalt of chaos theory and the financial world, not deep detail; the triumphs and trials of the characters are the central thrust of the book. |
Book Review: The Logical Trader In creating a flexible structure and abiding by a clear set of rules, the discretionary trader ultimately finds himself liberated. As good brakes on a Porsche enable more speed on curvy mountain roads, intelligent trading guidelines enable more freedom and versatility rather than less. |
| Book Review: The New Reality of Wall Street Don Coxe started out trying to imagine what economic historians would be writing about a hundred years on. Realizing they would focus on the grand sweeping movements (to the exclusion of minor fluctuations), he felt motivated to do the same. |
Book Review: High Probability Trading To become great, or even just good, you'll need to go well beyond the scope of this book. But before you can be either of those, you have to lay a rock solid foundation. Link just might be the guy to help you do it. |
| Book Review: Value Investing (Graham Buffett Beyond) Greenwald and company do an excellent job in distilling the essence of value investing, giving an objective sense of what it is and how it's done. The picture they paint is clear and structured, yet flexible enough to cover what's out there. |
Book Review: Trading Risk To fully appreciate the observations, a little seasoning is required. Grant speaks to those with a well developed respect for the markets, typically earned by grinding it out, experiencing the inevitable ups and downs over time, and taking a good hard knock or two. |
| Book Review: Running Money Running Money is actually two books entwined. One is a narrative of the late great dot-com boom, told from the perspective of a player at the right place and the right time; the other is sort of an informal investment thesis. |
Book Review: Trader's Guide to K.E.I. The book contains lots of factual information and useful overviews as to what the key economic indicators are, how they are constructed, and how they work. With that said, it feels more like a general reference than a true 'trader's guide.' |
| Book Review: When Genius Failed This is a great story. Not so much due to the breathtaking scope of financial disaster, but rather the timeless human lessons presented in such fascinating detail. If it were a movie, the plot might be dismissed as unrealistic. |
Book Review: Origins of the Crash Well researched and well told, this book is both informative and misleading. Informative in that it shines a clear light on the dangerous attitudes and corrupt culture that led to the bubble and its burst; misleading in that it presents a limited picture, a partial explanation implicitly represented as complete. |
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