The Investor's Shelf — one person

Guy Spier

T3InvestorsRecommendationsValue investing

Founder and Manager, Aquamarine Fund

One well-regarded book about the making of a value investor plus a fully public letter archive; his influence rests on the memoir rather than an outsized record.

1 books of their own · 15 letters · 39 books they recommend

Books they wrote 1

The Education of a Value Investor
The Education of a Value Investor
· 2014
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Letters 15

www.aquamarinefund.com/annual-letter-to-investors/

Fifteen Aquamarine Fund annual letters to investors run from 2010 through 2024. Each is served as a DocSend document at aqfd.docsend.com/view/<id> rather than as a PDF on the fund's own domain. Spier's other public writing sits under aquamarinefund.com/articles-and-appearances/ and on his personal site, guyspier.com.

Blog

Guy Spier - Thoughts

Books they recommend 39

Spier maintains a categorized recommended-books page on guyspier.com spanning investing, mentors/role models, psychology and self-help. He frames several value classics as books that "deserve to be read and reread many times," and traces his own arc from being captivated by Soros and "Reminiscences of a Stock Operator" to discovering Graham, whom he calls "where it all started for me."

Superbook reading list 12

Investing 8

The Intelligent Investor
The Intelligent Investor
Benjamin Graham
source
“Spier calls Graham's classic the foundation, "where it all started for me."”
Margin of Safety
Margin of Safety
Seth Klarman
source
“One of five value books he says deserve to be "read and reread many times."”
You Can Be a Stock Market Genius
You Can Be a Stock Market Genius
Joel Greenblatt
source
“Recommended for rereading; a core text in Spier's value canon.”
The Aggressive Conservative Investor
The Aggressive Conservative Investor
Martin J. Whitman, Martin Shubik, Gene Isenberg
source
“Among the five investing books Spier says deserve repeated reading.”
The Manual of Ideas
The Manual of Ideas
John Mihaljevic
source
“Recommended for rereading as a framework for finding value investments.”
The Dhandho Investor
The Dhandho Investor
Mohnish Pabrai
source
“Spier recommends his close friend Pabrai's low-risk value method, worth reading multiple times.”
The Alchemy of Finance
The Alchemy of Finance
George Soros
source
“Another classic that gripped the early-career Spier.”
Poor Charlie's Almanack
Poor Charlie's Almanack
Charlie Munger
source
“He calls it a "marvelous glimpse inside the mind of a master," including Munger's analysis of human misjudgment.”

Biography and Memoir 2

The Snowball: Warren Buffett and the Busines
The Snowball: Warren Buffett and the Business of Life
Alice Schroeder
source
“Spier calls it a "valuable, though controversial, contribution" to understanding Buffett.”
Buffett: The Making of an American Capitalis
Buffett: The Making of an American Capitalist
Roger Lowenstein
source
“His favorite Buffett biography, which he used to "model" Buffett.”

Not yet given a topic 1

Reminiscences of a Stock Operator
Reminiscences of a Stock Operator
Edwin Lefèvre
source
“An investment classic that captivated Spier before he found value investing.”

Productivity and Habits 1

Awaken the Giant Within
Awaken the Giant Within
Tony Robbins · not in an entry yet
source
“Listed under self-help as a good introduction to Robbins's ideas.”

Guy Spier's BookShelf, investing 9

Investing 9

The Intelligent Investor
The Intelligent Investor
Benjamin Graham
source
Margin of Safety
Margin of Safety
Seth A. Klarman
source
You Can Be a Stock Market Genius
You Can Be a Stock Market Genius
Joel Greenblatt
source
The Aggressive Conservative Investor
The Aggressive Conservative Investor
Martin J. Whitman, Martin Shubik
source
The Manual of Ideas
The Manual of Ideas
John Mihaljevic
source
The Dhandho Investor
The Dhandho Investor
Mohnish Pabrai
source
The Great Minds of Investing
The Great Minds of Investing
William Green, Michael O'Brien
source
Reminiscences of a Stock Operator
Reminiscences of a Stock Operator
Edwin Lefevre
source
The Alchemy of Finance
The Alchemy of Finance
George Soros
source

Book recommendations listed on their Good Books profile 6

Business and Management 2

7 Powers
7 Powers
Hamilton Helmer aggregator only
source
No Rules Rules
No Rules Rules
Reed Hastings, Erin Meyer aggregator only
source

Philosophy 1

12 Rules for Life
12 Rules for Life
Jordan Peterson · not in an entry yet aggregator only
source

Productivity and Habits 1

Tribe of Mentors
Tribe of Mentors
Tim Ferriss · not in an entry yet aggregator only
source

Writing and Communication 1

Essays
Essays
George Orwell · not in an entry yet aggregator only
source

Medicine and Biology 1

Pandemic 1918
Pandemic 1918
Catharine Arnold · not in an entry yet aggregator only
source

Guy Spier's BookShelf, heroes and mentors 5

Investing 3

Tap Dancing to Work
Tap Dancing to Work
Carol J. Loomis
source
Berkshire Hathaway Letters to Shareholders
Berkshire Hathaway Letters to Shareholders
Warren Buffett
source
Poor Charlie's Almanack
Poor Charlie's Almanack
Charles T. Munger, Peter D. Kaufman
source

Biography and Memoir 2

Buffett: The Making of an American Capitalis
Buffett: The Making of an American Capitalist
Roger Lowenstein
source
The Snowball
The Snowball
Alice Schroeder
source

Guy Spier's BookShelf, psychology 4

Psychology and Behaviour 4

The Grail Legend
The Grail Legend
Emma Jung, Marie-Louise von Franz · not in an entry yet
source
The Fisher King and the Handless Maiden
The Fisher King and the Handless Maiden
Robert A. Johnson · not in an entry yet
source
The Symbolic Quest
The Symbolic Quest
Edward C. Whitmont · not in an entry yet
source
The Transforming Power of Affect
The Transforming Power of Affect
Diana Fosha · not in an entry yet
source

Guy Spier's BookShelf, inner explorations 2

Leadership 1

Forum: The Secret Advantage of Successful Le
Forum: The Secret Advantage of Successful Leaders
Mo Fathelbab
source

Religion and Spirituality 1

Twelve Steps and Twelve Traditions
Twelve Steps and Twelve Traditions
Alcoholics Anonymous · not in an entry yet
source

Guy Spier's BookShelf, self-help 1

Productivity and Habits 1

Awaken the Giant Within
Awaken the Giant Within
Anthony Robbins · not in an entry yet
source

Where they publish 4

Tags

aquamarine-capitalaquamarine-fundequitieshedge-fundsvalue-investingbehavioral-financecloninginvestor-psychology