7 Circles Bookshop
This page includes links to all the crucial investment books that I have read, along with those I have reviewed on this blog, and a few that other people have recommended to me.
- But let’s start with my own books.
Mike’s books
I’ve published two books to date, but there are lots more in the pipeline.
This book is intended to summarise the key findings of behavioural psychology, and to turn them into useful lessons for a Private Investor in the UK today. There are five sections:
- A potted history of why people are poorly suited to investment.
- The main biases that investors exhibit – arranged into groups in so far as this is possible.
- The key issues in investment which behavioural psychology can speak to.
- Practical steps that an investor can take to avoid being tripped up by their greatest enemy (themselves).
- Lists of the psychological experiments and observations of human behaviour that reveal the biases, of the biases themselves, and a final checklist of what to do about them – and what not to do.
Decumulation is just as important to investors as accumulation. But because asset managers and investment platforms haven’t yet worked out how to monetise it properly, you don’t see as much written about it.
I find this strange because spending money in retirement is actually much harder. This book aims to make things a lot easier. There are nine sections:
- How money works
- How much is enough?
- The changing pensions landscape
- The State Pension
- Company pensions
- DC pensions
- Withdrawal rates
- Case studies
- Retiring abroad
Mike’s favourites
The Market Wizards Series
Market Wizards by Jack Schwager
The New Market Wizards
Stock Market Wizards
Hedge Fund Market Wizards
Rob Carver
Smart Portfolios
Leveraged Trading
Systematic Trading
Expected Returns
Expected Returns by Antti Ilmanen
Tall Tales
The Big Short by Michael Lewis
More Money Than God by Sebastian Mallaby
Accounting for Growth by Terry Smith
Oldies but Goodies
Reminiscences of a Stock Operator by “Edwin Lefevre” (Jesse Livermore)
One Up on Wall Street by Peter Lynch
Books studied on 7 Circles
Simple Approaches to Investing
Investing Demystified by Lars Kroijer
Smarter Investing by Tim Hale
DIY Financial Advisor by Wes Gray, Jack Vogel and David Foulke
Interviews and Anthologies
Just One Thing, edited by John Mauldin
Free Capital by Guy Thomas
Trend Following
The Little Book of Trading by Michael Covel
The Complete Turtle Trader by Michael Covel
How to Own the World by Andrew Craig
Trading
The Idle Investor by Edmund Shing
Trading for a Living by Alexander Elder
The Naked Trader by Robbie Burns
Winning spread betting strategies by Malcolm Pryor
Box Trading Systems
Secrets for Profiting in Bull and Bear Markets by Stan Weinstein
Trade Like a Stock Market Wizard by Mark Minervini
UK Stock-Pickers
Invest in the Best by Keith Ashworth-Lord
How to Pick Quality Shares by Phil Oakley
Selecting Shares that Perform by Richard Koch and Leo Gough
UK Commentators
The Sceptical Investor by John Stepek
The Art of Execution by Lee Freeman-Shor
Taming the Lion by Richard Farleigh
US Commentators
The Most Important Thing by Howard Marks
The Little Book of Stock Market Profits by Mitch Zacks
Required Reading
High Returns from Low Risk by Pim van Vliet and Jan de Koning
Excess Returns by Frederik Vanhaverbeke
Psychology
The Little Book of Behavioural Investing by James Montier
Predictably Irrational by Dan Ariely
Economics
23 Things They Don’t Tell You About Capitalism, by Ha-Joon Chang
Reviews
The End of Alchemy by Mervyn King
The Rise of The Robots by Martin Ford
Other popular books
How to Make Money in Stocks by William O’Neil
The Little Book That Still Beats The Market by Joel Greenblatt
Dual Momentum Investing by Gary Antonacci
Behavioural Finance by James Montier
The Zulu Principle by Jim Slater
Beyond the Zulu Principle
Investment Made Easy by Jim Slater
The Way of the Turtle by Curtis Faith
Trend Following by Michael Covel
The Intelligent Investor by Benjamin Graham
Beat The Dealer by Ed Thorp
A Man for All Markets by Ed Thorp
The Cult of Statistical Significance by Stephen T. Ziliak and Deirdre N. McCloskey
