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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Global Macro Investing

Investment styles

Top-down positions in currencies, rates, commodities and indices driven by policy and credit cycles.

Books 13Experts 5Recommenders 12

Start here

  1. More Money Than GodSebastian Mallaby, 2010
  2. Big Debt CrisesRay Dalio, 2018
  3. The Alchemy of FinanceGeorge Soros, 1987
The Alchemy of FinanceThe Alchemy of Finance
T1 The Alchemy of Finance
George Soros · 1987
Open LibraryGoodreads

Reflexivity, where beliefs move prices and prices move facts, tested in a live diary.

“The Alchemy joins Reminiscences of a Stock Operator as a timeless instructional guide to the marketplace.” — Paul Tudor Jones

Source: Tudor Jones pairing it with Reminiscences of a Stock Operator

Recommended by: Guy Spier, Paul Tudor Jones, Peter Cundill and 3 others

More Money Than GodMore Money Than God
T2 More Money Than God
Sebastian Mallaby · 2010
Open LibraryGoodreads

Hedge funds from Alfred Winslow Jones in 1949 through Soros, Robertson and beyond.

“It's hard to imagine anyone will ever write a better book on the subject.” — Paul Graham

Source: Paul Graham on X (Apr 8, 2021)

Recommended by: Mohnish Pabrai, Paul Graham, Josh Wolfe and 1 other

Hedge Fund Market WizardsHedge Fund Market Wizards
T2 Hedge Fund Market Wizards
Jack D. Schwager · 2012
Open LibraryGoodreads

Includes a long Dalio interview predating the Principles publicity machine.

Big Debt CrisesBig Debt Crises
T2 Big Debt Crises
Ray Dalio · 2018
Open LibraryGoodreads

A template for how big debt crises unfold, with detailed case studies.

The Templeton TouchThe Templeton Touch
T3 The Templeton Touch
William Proctor · 1983
Open LibraryGoodreads

Templeton's method: buying at the point of maximum pessimism worldwide

“There are a few books - really not that many which I believe are indispensable reading for every serious investor: The Templeton Touch by William Proctor.” — Peter Cundill

Source: Cundill's list of books indispensable for every serious investor

Recommended by: Mohnish Pabrai, Peter Cundill

Inside the House of MoneyInside the House of Money
T3 Inside the House of Money
Steven Drobny · 2006
Open LibraryGoodreads

Global macro managers on how they build trades.

Investing the Templeton WayInvesting the Templeton Way
T3 Investing the Templeton Way
Lauren Templeton, Scott Phillips · 2008
Open LibraryGoodreads

How Templeton bought maximum pessimism across global markets.

The Invisible HandsThe Invisible Hands
T3 The Invisible Hands
Steven Drobny · 2010
Open LibraryGoodreads

Hedge fund managers after 2008 on what risk management survived the crisis.

Trade Your Way to Financial FreedomTrade Your Way to Financial Freedom
T4 Trade Your Way to Financial Freedom
VanK. Tharp · 1999
Open LibraryGoodreads

Introduces expectancy, R-multiples and position sizing to a general audience.

Recommended by: Mohnish Pabrai

Practical SpeculationPractical Speculation
T4 Practical Speculation
Victor Niederhoffer, Laurel Kenner · 2003
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

The Bull HunterThe Bull Hunter
T4 The Bull Hunter
Dan Denning · 2005
Open LibraryGoodreads

How to find bull markets in emerging countries, sectors and hard-asset stocks.

Recommended by: The Barefoot Investor

Market Sense and Nonsense
T4 Market Sense and Nonsense
Jack D. Schwager, Joel Greenblatt · 2012
Open LibraryGoodreads
The FundThe Fund
T4 The Fund
Rob Copeland · 2023
Open LibraryGoodreads

An investigation of Bridgewater that contradicts the firm's public image.

Recommended by: Andrew Wilkinson

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