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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CB

Cognitive biases, judgement and decisions

Books on how people judge, predict and decide, the biases that distort those judgements, and mental models for better decisions.

Start here

  1. Choices, Values, and FramesDaniel Kahneman, Amos Tversky, 2000
  2. Expert Political JudgmentPhilip E. Tetlock, 2005
  3. Poor Charlie's AlmanackCharlie Munger, 2005
  4. The Paradox of ChoiceBarry Schwartz, 2004
  5. The Honest Truth About Dishonesty: How We Lie to Everyone--- Especially OurselvesDan Ariely, 2012
Daniel Kahneman, Amos Tversky · 2000

Papers on how people choose under risk, from prospect theory to framing.

Philip E. Tetlock · 2005

A 20-year test of 28,000 expert forecasts: foxes with many models beat hedgehogs.

“All pundits and commentators should publish their prediction track records, yet don't. What to pay attention to and what to ignore.” — Marc Andreessen

Source: @pmarca, 'Thread: Books I've recently read and recommend'

Recommended by: Marc Andreessen, Michael Mauboussin and 2 others

Charlie Munger · 2005

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

Barry Schwartz · 2004

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

T2 Wait
Frank Partnoy · 2012

Most decisions improve if you wait until the last responsible moment.

Recommended by: Tom Peters

William Poundstone · 2014

People can't act randomly, and how to exploit that in games, tests and markets.

Recommended by: Mohnish Pabrai

Adam Grant · 2021

Rethinking your beliefs is a skill apart from intelligence, and how to practise it.

Nate Silver · 2024

How poker players, hedge fund managers and venture capitalists think about risk.

Carol Tavris, Elliot Aronson · 2007

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.

Peter Bevelin · 2007

Builds out Munger's latticework idea from primary sources.

“…books I've recommended, highlighted to death, or forced on friends.” — Andrew Wilkinson

Source: Andrew Wilkinson's Bookshelf, neverenough.com

Recommended by: Andrew Wilkinson, Nat Eliason and 8 others

Sidney Dekker · 2011

How complex systems, from subprime lending to space shuttles, drift into failure.

Peter Bevelin · 2013

Bevelin distilling observation and inference habits from Sherlock Holmes

Philip E. Tetlock, Dan Gardner · 2015

The Good Judgment Project; the practices that measurably improve forecasts.

Peter Bevelin · 2016

Dialogue form; Munger's inversion habit worked through systematically.

Michael Lewis · 2016

Michael Lewis's account of the Kahneman-Tversky collaboration works as intellectual biography and as a second path through the research for readers who find academic writing slow. The friendship and its eventual fracture clarifies how two very different minds produced work that neither could have done alone.

Hugo Mercier, Dan Sperber · 2017

Reason evolved to justify ourselves and persuade others, not to think alone.

Chris Clearfield, Andras Tilcsik · 2018

Why complex systems fail, from Volkswagen to Everest, and how to design against it.

Daniel Kahneman, Olivier Sibony, Cass R. Sunstein · 2021

Kahneman died 27 March 2024; this was his last book.

Stuart Sutherland

Experiments from psychology showing the systematic errors in how people reason.

David McRaney

One mental bias per chapter, the research behind it and how people fall for it.

Robert Jervis · 1976

Cognitive psychology applied to how leaders misperceive each other in foreign policy.

Recommended by: Bill Gates

Gary Klein · 1998

How firefighters, pilots and other experts decide under time pressure.

Recommended by: Mohnish Pabrai

Nassim Nicholas Taleb · 2001

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

Laurence Gonzales · 2003

Why some people survive disasters that kill others in the same circumstances.

Malcolm Gladwell · 2004

How snap judgments work, when to trust them and when they mislead.

Brian Wansink · 2006

How plate size, brand names and habit make people eat more than they realise.

Recommended by: Ramit Sethi

Phil Rosenzweig · 2007

How judging firms by their results corrupts most business research and advice.

“Phil Rosenzweig's must-read book, The Halo Effect, shows this idea is alive and well in the business world.” — Michael Mauboussin

Source: Was Harry Potter Inevitable? Cumulative Advantage, Counterfactuals, and the Halo Effect (Legg Mason)

Recommended by: Michael Mauboussin, Ev Williams and 1 other

Richard A. Posner, Richard A. Posner · 2008

Recommended by: Patrick Collison

Daniel Gardner · 2008

Why people misjudge risk; the availability heuristic in public life

Recommended by: Morgan Housel

Michael Mauboussin · 2009

Eight mistakes experienced decision-makers repeat, and a correction for each.

Recommended by: Mohnish Pabrai and 1 other

Chip 15 Heath 15 · 2013

Four traps that ruin decisions, such as narrow framing, and a process to beat each.

Matthew Syed · 2015

Why aviation learns from every failure while fields like medicine hide theirs.

Recommended by: Richard Branson, Daniel Ek

Robert H Frank · 2016

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

Recommended by: Mohnish Pabrai

Steven Johnson · 2018

Recommended by: Alfred Lin, Chris Dixon

Randomness by Nassim Nicholas Taleb

Recommended by: Nat Eliason

Annie Duke

Why people stick too long with failing projects and careers, and how to quit well.

Recommended by: Ev Williams

More psychology and behaviour