Simple Pound

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I’m always looking for new books that I haven’t already read and that don’t just repeat what I already know. I thought you might find yourself in a very similar position and hence I decided to share what sort of books inspire, teach and interest me. Each of the titles listed below comes with a rating (out of 5 stars) and a short description.

Both the book titles and pictures are directly linked to Amazon should you be interested in purchasing any. I would like to make you aware that I will earn a small fee for redirecting you to Amazon from this site - this will, however, have no adverse effect on you or the price you will pay whatsoever. It simply means that Amazon is paying me for marketing their site here and hence will help to keep the maintenance costs of Simple Pound as low as possible.

		The Art of Asset Allocation by David Harst Excellent overview of asset allocation principles that goes beyond the basics. Together with a lot of historical data a good guide for the novice or professional.
		The Essays of Warren Buffet by L. A. Cunningham Convenient summary of the most important “points to take away” from Warren Buffet’s investor letters. Vivid illustration of value investing. Gets a little repetitive at times.
		Beyond Greed and Fear by Hersh Shefrin Superb introduction to Behavioural Finance which covers a broad range of topics and investment situations. Sometimes I would have preferred a little more depth over breadth, but certainly a good book for the basics.
		Confessions of a Street Addict by James Cramer What is it like to run a Hedge Fund? You won’t need to ask anymore after having read this. Thrilling account of the author’s Hedge Fund and Internet ventures experience. You won’t put it down.
		When Genius Failed by Roger Lowenstein A detailed and personal account of financial history when the demise of the hedge fund Long Term Capital Management nearly caused the collapse of the entire banking system. Very good read.
		Hedgehogging by Barton Biggs Insights into the Hedge Fund industry and a hedge fund manager’s personal experience of it. Story sometimes loses its plot and feels more like a collection of short stories, but nevertheless worthwhile.
		Market Wizards by Jack Schwager While this book has little educational value per se (i.e. it won’t teach you to become a good trader), it’s insightful as you learn how the world’s most famous and most successful traders operate, think and make money.