
Performance under pressure; the self-interference problem investors recognise
Chosen by shared topics, the entries that hold them, and the people who recommended both.
Speeches making the case for a latticework of mental models from many fields.
“…books I've recommended, highlighted to death, or forced on friends.” — Andrew Wilkinson
Source: Andrew Wilkinson's Bookshelf, neverenough.com
Recommended by: Andrew Wilkinson, Charlie Munger and 26 others
Why people mistake luck for skill, above all in markets.
“Fooled by Randomness is a serious, intellectually sophisticated book, well worth reading carefully. At times, the book is condescending. Nevertheless, there are some great insights.” — Barton Biggs
Source: Biggs on a sophisticated book worth reading carefully
Recommended by: Barton Biggs, Michael Mauboussin and 11 others
Tavris and Aronson focus on what happens after a bias fires: the self-justification, narrative revision, and escalating commitment that follow. Cognitive dissonance, they argue, is not a personality flaw but a universal mechanism, and understanding it explains police misconduct, political tribalism, and therapy failures in a single framework.
Recommended by: Mohnish Pabrai, Nat Eliason and 2 others
Rare, unforeseen, high-impact events drive history, explained only after the fact.
“The message of The Black Swan is how important it is to realize that the things everyone rules out can still come to pass.” — Howard Marks
Source: Oaktree memo 'The Limits to Negativism'
Recommended by: Howard Marks, Marc Andreessen, Nat Eliason and 18 others
Hanson and Simler make the most provocative claim in this list: that self-deception is not a flaw but an adaptive strategy — we hide our real motives from ourselves so we can more convincingly hide them from others. If true, the entire bias-correction project has a ceiling. This book belongs at the end so it reframes everything before it.
Recommended by: Nat Eliason, Ali Abdaal, Emmett Shear and 3 others
Beyond a point, more options make people less likely to choose and less satisfied.
“It is almost ten years since Barry Schwartz published his popular psychology book "The Paradox of Choice".” — Nick Sleep
Source: Nomad Investment Partnership, Annual Letter for the period ended December 31st, 2013, p. 216
Recommended by: Nat Eliason, Nick Sleep and 1 other
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