Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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BE

Behavioural economics and uncertainty

Economics

Books on how people depart from rational choice and how chance and rare events shape outcomes, by Thaler, Ariely, Shiller and Taleb.

Books 18Experts 5Recommenders 53

Start here

  1. Radical UncertaintyJohn Kay, Mervyn King, 2020
  2. Luxury FeverRobert H. Frank, 1999
  3. Antifragile: Things That Gain from DisorderNassim Nicholas Taleb
  4. Fooled by RandomnessNassim Nicholas Taleb
  5. Stumbling on HappinessDaniel Gilbert
Radical Uncertainty
T2 Radical Uncertainty
John Kay, Mervyn King · 2020
Open LibraryGoodreads

Why economics misapplies probability to problems where the future is unknowable.

Luxury FeverLuxury Fever
T3 Luxury Fever
Robert H. Frank · 1999
Open LibraryGoodreads

The economics of positional goods and status competition.

Antifragile: Things That Gain from DisorderAntifragile: Things That Gain from Disorder
T3 Antifragile: Things That Gain from Disorder
Nassim Nicholas Taleb · 2012
Open LibraryGoodreads

Incerto volume 4

“Nassim Taleb, author of the new book Antifragile, praises volatility and criticises those who would artificially damp it at great unseen cost. Taleb advises us to be 'anti-fragile'. This is exactly…” — Seth Klarman

Source: Klarman on Taleb's praise of volatility and what Baupost strives for

Recommended by: Mohnish Pabrai, Nat Eliason and 25 others

Fooled by RandomnessFooled by Randomness
T3 Fooled by Randomness
Nassim Nicholas Taleb · 2001
Open LibraryGoodreads

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

Stumbling on HappinessStumbling on Happiness
T3 Stumbling on Happiness
Daniel Gilbert · 2006
Open LibraryGoodreads

Daniel Gilbert's accessible account of affective forecasting — our poor ability to predict what will make us happy. His research on immune neglect and focalism is less cited than Kahneman's work but equally well-evidenced.

Recommended by: Andrew Wilkinson, Mohnish Pabrai and 3 others

The (Honest) Truth About DishonestyThe (Honest) Truth About Dishonesty
T3 The (Honest) Truth About Dishonesty
Dan Ariely · 2012
Open LibraryGoodreads

Experiments showing most cheating is many people cheating a little.

Recommended by: Mohnish Pabrai

The Black Swan: The Impact of the Highly ImpThe Black Swan: The Impact of the Highly Improbable
T3 The Black Swan: The Impact of the Highly Improbable
Nassim Nicholas Taleb · 2007
Open LibraryGoodreads

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

The Winner's Curse: Paradoxes and Anomalies The Winner's Curse: Paradoxes and Anomalies of Economic Life
T4 The Winner's Curse: Paradoxes and Anomalies of Economic Life
Richard H. Thaler · 1992
Open LibraryGoodreads
Mean Genes: From Sex to Money to Food: TaminMean Genes: From Sex to Money to Food: Taming Our Primal Instincts
T4 Mean Genes: From Sex to Money to Food: Taming Our Primal Instincts
Terry Burnham, Jay Phelan · 2000
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

NudgeNudge
T4 Nudge
Richard H. Thaler, Cass R. Sunstein · 2008
Open LibraryGoodreads

Nudge: The Final Edition published 2021.

Recommended by: Tristan Harris

Predictably Irrational, Revised and ExpandedPredictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions
T4 Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions
Dan Ariely · 2008
Open LibraryGoodreads

Experiments showing that people depart from rational choice in repeatable ways.

Recommended by: Mohnish Pabrai, Alfred Lin, Anna Cheng and 6 others

Animal SpiritsAnimal Spirits
T4 Animal Spirits
George A. Akerlof, Robert J. Shiller · 2009
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

Priceless: The Myth of Fair Value (and How tPriceless: The Myth of Fair Value (and How to Take Advantage of It)
T4 Priceless: The Myth of Fair Value (and How to Take Advantage of It)
William Poundstone · 2009
Open LibraryGoodreads

People have no fixed sense of value, so context and anchors set the prices they pay.

Recommended by: Mohnish Pabrai, Patrick O'Shaughnessy

Scarcity: Why Having Too Little Means So MucScarcity: Why Having Too Little Means So Much
T4 Scarcity: Why Having Too Little Means So Much
Sendhil Mullainathan Books on Science · 2013
Open LibraryGoodreads

Mullainathan and Shafir's research on cognitive bandwidth shows that financial scarcity — not just poverty but any experience of not having enough — tunnels attention in ways that make long-term planning harder and short-term mistakes more likely. It reframes willpower-based explanations of financial failure without excusing the structural causes.

Recommended by: Mohnish Pabrai, Daniel Kahneman and 1 other

MisbehavingMisbehaving
T4 Misbehaving
Richard H. Thaler · 2015
Open LibraryGoodreads

How behavioural economics was built against economists who assumed rational agents.

“He opens his new book, Misbehaving, with Vilfredo Pareto's assertion” — Howard Marks

Source: Oaktree memo 'On the Couch'

Recommended by: Howard Marks, Peter Mallouk, Tyler Cowen

Phishing for PhoolsPhishing for Phools
T4 Phishing for Phools
George A. Akerlof · 2015
Open LibraryGoodreads
Success and Luck: Good Fortune and the Myth Success and Luck: Good Fortune and the Myth of Meritocracy
T4 Success and Luck: Good Fortune and the Myth of Meritocracy
Robert H Frank · 2016
Open LibraryGoodreads

Chance shapes success more than people think; what that means for fairer economies.

Recommended by: Mohnish Pabrai

Narrative EconomicsNarrative Economics
T4 Narrative Economics
Robert J. Shiller · 2019
Open LibraryGoodreads

How popular stories spread like epidemics and drive economic events.

Recommended by: Jackie Vullinghs

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