Equity Mates Book Club
Warren Buffett speaks of the compounding effect of knowledge.
Mark Cuban reads at least 3 hours every day.
One thing we're learnt from our Equity Mates interviews - reading is the best habit any investor can get into.
The best way to do that is to join the Equity Mates bookclub. The first episode of every month we'll discuss last month's book and chose one to read for the next month. Come along on the journey with us, details for this month's book can be found below.
June 2019: Devil Take the Hindmost: A History of Financial Speculation
This is a challenging history of the role of financial speculation from early modern times to the end of the 20th century. Focusing on speculation as it developed in the world's leading stock markets, the story starts with the tulipomania in 17th-century Holland, then moves to Britain with accounts of famous speculative manias (the South Sea Bubble, Railway mania) and to America with chapters on the roaring twenties, the junk bond revolution of the 1980s and finally the bubble economy of Japan in the 1980s - Google Books
May 2019: Made in America - Sam Walton
This is the story of Sam Walton, the founder of Walmart, and how he built his company into a retail giant earning over $500 billion in revenue every year. From growing his store network, exciting his customers and motivating his team - Sam Walton is a CEO that anyone in business should study and understand. This book is a great place to start.
April 2019: Sapiens: A Brief History of Humankind - Yuval Noah Harari
Sapiens is the story of humankind. Starting at the beginning of human development and charting a story to the present day, it gives an insight into how human society has developed. This is one of Alec's favourite books, and he'd highly recommend it to anyone - not just to those that listen to Equity Mates.
March 2019: Factfulness: Ten Reasons We're Wrong About the World - And Why Things Are Better Than You Think - Hans Rosling
Rather than taking our word for it - this is the book that Bill Gates called "the most important book he's ever read" and Barack Obama labeled "A hopeful book about the potential for human progress". With endorsements like that, don't take our word for it. Take these ringing endorsements from some of the most successful people in the world and read this book.
February 2019: The Most Important Thing: Uncommon Sense for the Thoughtful Investor - Howard Marks
Summer 2018-19: Titan: The Life of John D. Rockefeller - Ron Chernow
Ron Chernow labels John D. Rockfeller "the Jekyll-and-Hyde of American capitalism". Depending on who you ask Rockfeller was a robber barron, who used his company Standard Oil to monopolise an industry, or a visionary business leader and a generous philanthropist.
This book explores the complexities of Rockfeller's life as it charts his astounding rise and career at the head of Standard Oil.
November 2018: The Little Book That Still Beats the Market - Joel Greenblatt
Joel Greenblatt's fund Gotham Capital averaged 40% return a year over 20 years.
If you need more reason to keep reading, his book is considered a classic of value investing. As the Wall Street Journal has written "'Little Book' is one of the best, clearest guides to value investing out there."