
Chosen by shared topics, the entries that hold them, and the people who recommended both.
Client letters through the dot-com bubble; value discipline written contemporaneously
“What a unique opportunity to traverse the Bubble and post-Bubble years with Frank Martin, exactly as he described them to his clients in real time. Speculative Contagion is sure to enlighten…” — Seth Klarman
Source: Klarman on traversing the bubble years with Martin
Recommended by: Mohnish Pabrai, Seth Klarman, Warren Buffett
Buying securities to profit from changes in value, with twelve commandments.
“The oldest book in my hall of fame is not The Intelligent Investor, but The Art of Speculation by Philip Carret. The book was published in 1930 and the best part in the book is the '12 Commandments'.” — Francois Rochon
Source: Rochon on the oldest book in his hall of fame
Recommended by: Francois Rochon, Mohnish Pabrai
A template for how big debt crises unfold, with detailed case studies.
The history of business cycle theory and how credit cycles drive asset prices.
Short accounts of manias, frauds and disasters, from tulips to the South Sea Bubble.
Recommended by: Morgan Housel
Free PDF at economicprinciples.org; first issued as A Template for Understanding Big Debt Crises.
Recommended by: Ray Dalio
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