Arun Bansal : A Blog Devoted to Business and Value Investing



“You can judge a man by the books he’s read” – Anonymous


Well I borrowed this amazing list of books from Monish Pabrai’s site. I have read some of the books below but my target is to read all of these and a few more.

Books on Investing and Capital Allocation

1. Distressed Securities : Analyzing and Evaluating Market Potential and Investment Risk by Edward I. Altman

2. Corporate Bankruptcy : Economic and Legal Perspectives by Jagdeep S. Bhandari

3. Common Sense on Mutual Funds by John C. Bogle
(Wonderful Book. I highly recommend all of John Bogle’s writings to any investor. John’s views are stronglyl grounded with a both theory and extensive emperical data.)

4. John Bogle on Investing by John C. Bogle

5. Buffettology by Mary Buffett and David Clark
(Buffett does not endorse this book. It misses out on the extensive Special Situations/Workouts that Buffett continues to invest in. It’s a good book to get started on Buffett’s investment approach, but not one to use as the ultimate guide.

6. A Money Mind at Ninety by Philip Carret

7. The Art of Speculation by Philip Carret

8. Valuation: Measuring and Managing the Value of Companies by Tom Copeland, Tim Koller, and Jack Murrin

9. Security Analysis by Sidney Cottle

10. The Essays of Warren Buffett: Lessons for Corporate America by Professor Lawrence Cunningham
(The only book on Buffett endorsed by him. It’s a good book to pick up after having read the last 20 years of letters to shareholders. Any did a terrific job.)

11. How to Think Like Benjamin Graham and Invest Like Warren Buffett by Professor Lawrence Cunningham

12. Conversations from the Warren Buffet Symposium; Cardozo Law Review, Vol. 19; Numbers 1-2; Sept.-Nov. 1997. Edited by Lawrence A. Cunningham

13. Point and Figure Charting by Thomas J. Dorsey
(I’m not a chartist and this book didn’t help me get excited about charting.)

14. Common Stocks and Uncommon Profits by Philip Fisher

15. Developing an Investment Philosophy by Philip Fisher

16. Fundamentals of Investing by Lawrence J. Gitman and Michael D. Joehnk

17. Benjamin Graham: The Memoirs of the Dean of Wall Street by Benjamin Graham

18. The Intelligent Investor by Benjamin Graham
(Wonderful Book. There is a lot of terrific data in this book. Needs to be read slowly and carefully – and then re-read. Strongly recommended.

19. The Interpretation of Financial Statements by Benjamin Graham (1937 Edition)

20. Security Analysis by Benjamin Graham and David Dodd (1934 Edition)
(Make sure you read the 1934 edition. It is a terrific work and should be digested slowly.

21. Storage and Stability by Benjamin Graham

22. World Commodities and World Currency by Benjamin Graham (1944 Edition)

23. You Can Be a Stock Market Genius (Even if you’re not too smart!) by Joel Greenblatt

24. Value Investing: From Graham to Buffett and Beyond by Bruce C.N. Greenwald

25. The Essential Buffett by Robert G. Hagstrom
(I recommend all of Hagstrom’s books on Buffet. One should read them in sequence – “The Warren Buffett Way” followed by “The Warren Buffett Portfolio” followed by “Latticework” and finally “The Essential Buffett”.

26. Latticework by Robert G. Hagstrom

27. The Warren Buffett Portfolio by Robert G. Hagstrom

28. The Warren Buffett Way by Robert G. Hagstrom, Jr.
(Good first book on Buffett)

29. Beast on Wall Street by Robert A. Haugen

30. The Inefficient Stock Market by Robert A. Haugen

31. The New Finance by Robert A. Haugen

32. Of Permanent Value: The Story of Warren Buffett by Andrew Kilpatrick (1994 Edition)
(Andy is a regular attendee of the Berkshire Annual Meeting in Omaha. Nice guy.)

33. The Warren Buffett: The Good Guy of Wall Street by Andrew Kilpatrick

34. Of Permanent Value: The Story of Warren Buffett by Andrew Kilpatrick (1998 Edition)

35. Rich Dad, Poor Dad by Robert T. Kiyosaki
(This is a quick read and a good read as an eye-opener. I don’t agree to with some of his stuff, but have no argument with what he calls an asset and a liability.

36. Margin of Safety : Risk-Averse Value Investing Strategies for the Thoughtful Investor by Seth A. Klarman

37. The Wealth and Poverty of Nations by David S. Landes
(Good book with some great insights)

38. Benjamin Graham on Value Investing: Lessons from the Dean of Wall Street by Janet Lowe

39. Damn Right! Behind the Scenes With Berkshire Hathaway Billionare Charlie Munger by Janet Lowe
(Great book. Highly Recommended)

40. Value Investing Made Easy by Janet Lowe

41. Warren Buffett Speaks – Wit and Wisdom of the World’s Greatest Investor by Janet Lowe

42. The Making of an American Capitalist by Roger Lowenstein
(Another good Buffett Biography. Lowenstein also is a writer for The Wall Street Journal and Smart Money and on the board of the Sequoia Fund)

43. Beating the Street by Peter Lynch
(I strongly recommend all of Peter Lynch’s book esp. this one and One up on Wall Street.)

44. One up on Wall Street by Peter Lynch

45. A Random Walk Down Wall Street by Burton Malkiel

46. An Essay on the Principle of Population by Thomas Malthus

47. The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers by Robert P. Miles

48. Beyond Wall Street: The Art of Investing by S.L. Mintz

49. John Neff on Investing by John Neff with S.L. Mintz

50. A Higher Standard of Leadership: Lessons from the life of Gandhi by Keshavan Nair

51. Investing in Hedge Funds by Joseph G. Nicholas

52. Invest Like the Best by James O�Shaughnessey

53. What Works on Wall Street by James O�Shaughnessey
(Strongly Recommended. Great data.)

54. The New Investment Superstars by Lois Peltz

55. Forbes Greatest Investing Stories by Richard Phalon

56. Thoughts of Chairman Buffett: Thirty Years of Unconventional Wisdom from the Sage of Omaha compiled by Siimon Reynolds

57. Selling Your Story to Wall Street by Michael A. Rosenbaum

58. Lessons from the Lengends of Wall Street by Nikki Ross, CFP

59. Market Wizards : Interviews With Top Traders by Jack D. Schwager

60. The New Market Wizards : Conversations With America’s Top Traders by Jack D. Schwager

61. Where Are The Customers’ Yachts? by Fred Schwed, Jr.

62. Soros: The Life, Times and Trading Secrets of the World’s Greatest Investor by Robert Slater
(I don�t believe Soros is the World�s greatest investor. He�s good, but Buffett is in a different league and has a much simpler (and more effective) model.)

63. The Money Game by Adam Smith

64. The Wealth of Nations by Adam Smith

65. Supermoney by Adam Smith

66. Getting Started in Hedge Funds by Daniel A. Strachman

67. Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment by David F. Swensen

68. Investment Gurus by Peter J. Tanous

69. The Company You Keep by Patrick Terrion

70. My Vast Fortune : The Money Adventures of a Quixotic Capitalist by Andrew Tobias

71. The Midas Touch by John Train

72. The Money Masters by John Train

73. Searching for Alpha: The Quest for Exceptional Investment Performance by Ben Warwick

74. Maestro: Greenspan’s FED and the American Boom by Bob Woodward
75. Berkshire Hathaway Inc. Letters to Shareholders 1977-1995. Two Bound books.
(Free to shareholderse of BRK.A or BRK.B with proof of shareholding; non-shareholders can send a check for $15 to Berkshire Hathaway, Inc. 3555 Farnam Street, Suite 1440, Omaha, NE 68131.)

Books on Entrepreneurship, Management & Leadership

1. Secret Formula by Frederick Allen
(Great Book to help understand Coca-Cola)

2. The One Minute Manager by Kenneth Blanchard and Spencer Johnson

3. The Greatest Generation by Tom Brokaw

4. Titan by Ron Chernow
(Very compelling biography on John D. Rockefeller � a must read)

5. Built to Last by James Collins and Jerry Porras

6. Principle Centered Leadership by Stephen Covey

7. Seven Habits of Highly Effective People by Stephen Covey

8. The New Maharajahs by Claudia Cragg

9. Total Customer Service by William H. Davidow and Bro Uttal

10. The Making of a Blockbuster by Gail DeGeorg
(The Wayne Huizenga Story. On my Top Ten List. Awesome. An inspiration.)

11. Leadership is an Art by Max DePree

12. Leadership Jazz by Max DePree
(Max was the CEO of Herman Miller and a terrific leader. Great book.

13. Rabindranath Tagore : An Anthology by Krishna Dutta and Andrew Robinson

14. On Becoming a Servant Leader: The Private Writings of Robert K. Greenleaf by Don Frick and Larry C. Spears

15. Citizen Turner by Robert Goldberg and Gerald Jay Goldberg

16. Personal History by Katharine Graham
(Highly Recommended)

17. Forbes Greatest Business Stories of all Time by Daniel Gross

18. Only the Paranoid Survive by Andrew S. Grove
(On my Top Ten List. Great Book. Grove was CEO of Intel.)

19. The Balanced Scorecard by Robert S. Kaplan and David P. Norton

20. Brand New : How Entrepreneurs Earned Consumers’ Trust from Wedgwood to Dell by Nancy F. Koehn

21. Leading Change by John P. Kotter

22. Smart Choices by John S. Hammond, Ralph L. Keeney, and Howard Raiffa

23. Managerial Excellence: McKinsey Award Winners from the Harvard Business Review 1980-1994 (HBS Press)

24. Synchronicity: The Inner Path of Leadership by Joseph Jaworski

25. The Joy of Achievement: Conversations with J.R.D. Tata by R.M. Lala

26. Creating Modern Capitalism : How Entrepreneurs, Companies, and Countries Triumphed in Three Industrial Revolutions by Thomas K. McCraw

27. John Adams by David McCullough

28. The Entrepreneurial Connection by Gurmeet Naroola

29. 1001 Ways to Energize Employees by Bob Nelson

30. 1001 Ways to Reward Employees by Bob Nelson

31. 301 Great Management Ideas fron America’s Most Innovative Small Companies. Edited by Sarah P. Noble; Published by Inc. Magazine Business Review 1980-1994 (HBS Press)

32. A Passion for Excellence by Thomas Peters and Nancy Austin

33. In Search of Excellence by Thomas Peters

34. Thriving on Chaos by Thomas Peters

35. Business Maharajahs by Gita Piramal

36. Pour Your Heart Into It by Howard Schultz
(Good book. The Starbucks Story)

37. The Fifth Discipline by Peter M. Senge

38. The Art of War by Sun Tzu

39. Made in America: My Story by Sam Walton
(Awesome book. The Sam Walton/Walmart Story. On my Top Ten List. Inspiration for me during the first year at TransTech)
40. Business Classics: Fifteen key concepts for Managerial Success. A collection of articles from The Harvard Business Review.
(email custserv@hbsp.harvard.edu or go to www.hbs.edu to order
41. Jack: Straight from the Gut by Jack Welch

Books on Sales and Marketing

1. Selling the Invisible by Harry Beckwith

2. Selling Your Services by Robert W. Bly

3. Tested Advertising Methods by John Caples

4. Marketing on a Shoestring by Jeffrey P. Davidson

5. Product Juggernauts: How Companies Mobilize to Generate a Stream of Market Winners by Jean-Philippe Deschamps and P. Ranganath Nayak and by Robert Miller and Stephen Heiman

6. Sell like a Pro by Sherrill Y. Estes

7. Strategic Selling by Robert Miller and Stephen Heiman

8. Successful Large Account Management by Robert Miller and Stephen Heiman

9. How to Drive Your Competition Crazy by Guy Kawasaki
(Awesome book. On my Top Ten List. CEO of garage.com and a friend)

10. The MacIntosh Way by Guy Kawasaki

11. Selling the Dream by Guy Kawasaki

12. Strategic Brand Management: Building, Measuring, and Managing Brand Equity by Kevin Lane Keller

13. Guerrilla Advertising by Jay Conrad Levinson

14. Inside the Tornado by Geoffrey A. Moore

15. Confessions of an Advertising Man by David Ogilvy

16. Ogilvy on Advertising by David Ogilvy
(Ogilvy is a brilliant guy and a terrific writer. Really enjoyed this book and leared a lot.)

17. Spin Selling by Neil Rackham

18. Focus by Al Ries

19. Rethinking Business-To-Business Marketing by Paul Sherlock

20. Marketing Warfare by Al Ries and Jack Trout

21. The 22 Immutable Laws of Marketing by Al Ries and Jack Trout

22. The Discipline of Market Leaders by Michael Treacy and Fred Wiersema

23. An Eye for Winners by Lillian Vernon

Books on eBusiness and Information Technology

1. Sense & Respond by Stephen P. Bradley and Richard L. Nolan

2. Co-opetition by Adam M. Brandenberger and Barry J. Nalebuff

3. Competing on the Edge by Shona L. Brown and Kathleen M. Eisenhardt

4. Strategic Management of Technology and Innovation by Robert A. Burgelman, Modesto A. Maidique, and Steven C. Wheelwright
5. Sam Pitroda: A Biography by Mayank Chhaya

6. The Innovator’s Dilemma by Clayton Christensen
(Awesome book. May move soon to my Top Ten List. If anything will keep CEOs awake at night, reading this book certainly will. Eyeopening. I met Clayton in Feb. �99 at Harvard. Brilliant guy.)

7. Marketing High Technology by William Davidow

8. The Monster Under the Bed by Stan Davis and Jim Botkin

9. 2020 Vision by Stan Davis and Bill Davidson

10. Direct From Dell by Michael Dell

11. Unleashing the Killer App: Digital Strategies for Market Dominance by Larry Downes and Chunka Mui

12. Disruption by Jean-Marie Dru

13. Business @ the Speed of Thought by Bill Gates

14. Net Gain by John Hagel III and Arthur G. Armstrong

15. Net Worth by John Hagel III and Marc Singer

16. Competing for the Future by Gary Hamel and C.K. Pralahad

17. Electronic Commerce: A Manger’s Guide by Ravi Kalakota and Andrew B. Whinston

18. Rules for Revolutionaries by Guy Kawasaki

19. The Soul of a New Machine by Tracy Kidder
(Tracy won a Pulitzer Prize for this book. Must-read for anyone in a product development or a startup environment.)

20. The Digital Estate by Chuck Martin

21. Rapid Development: Taming Wild Software Schedules by Steve McConnell

22. Real Time by Regis McKenna

23. Crossing the Chasm by Geoffrey A. Moore

24. Opening Digital Markets by Walid Mougayar

25. Being Digital by Nicholas Negreponte
(Negreponte is the guru and futurist on the subject of eBusiness. Founder and Director of the famed MIT Media Labs)

26. High Tech High Touch by John Naisbitt

27. The Hp Way by David Packard

28. Enterprise One to One by Don Peppers and Martha Rogers

29. The Seven Steps to Nirvana: Strategic Insights Into E-Business Transformation by Mohan Sawhney and Jeff Zabin

30. Tech-Venture by Mohan Sawhney

31. Customers.com by Patricia B. Seybold

32. Information Rules by Carl Shapiro and Hal Varian

33. Steve Jobs and the Next Big Thing by Randall Stross

34. AOL.com by Kara Swisher

35. Computer Networks by Andrew Tanenbaum

36. Blueprint to the Digital Economy by Don Tapscott

37. Creating Value in the Network Economy edited by Don Tapscott

38. The Digital Economy by Don Tapscott

39. The Difference Between God and Larry Ellison* Inside Oracle Corporation; *God Does Not Think He’s Larry Ellison by Mike Wilson Competing in the Age of Digital Convergence edited by David B. Yoffie (HBS Press)

Books on Balance between Work, Play, Family, Friends, and Learning

1. Secret of the Veda by Sri Aurobindo

2. The Upanishads by Sri Aurobindo

3. Halftime: Changing Your Life Plan From Success to Significance by Bob Buford

4. Stuck in Halftime : Reinvesting Your One and Only Life by Bob Buford

5. Inner Treasures by Swami Chidvilasananda

6. Yoga of Discipline by Swami Chidvilasananda

7. The Seven Spiritual Laws of Success by Deepak Chopra

8. Mars and Venus in Love by Dr. John Gray

9. Men Are from Mars, Women Are from Venus by Dr. John Gray
(If you�re a man and married, read and follow this book. Very helpful.)

10. Cows, Pigs, Wars & Witches : The Riddles of Culture by Marvin Harris

11. Cannibals and Kings : The Origins of Cultures by Marvin Harris

12. Power Versus Force : The Hidden Determinants of Human Behavior by David R. Hawkins, M.D.

13. Yoga : A Gem for Women by Geeta S. Iyengar

14. Hindsights by Guy Kawasaki
(Great Book. Guy is one of my favorite authors. CEO of garage.com.)

15. How Good Do We Have To Be? By Harold S. Kushner

16. Making Sense of It All by Thomas V. Morris

17. Money and the Meaning of Life by Jacob Needleman

18. The Paradox of Success by John R. O�Neill

19. The Pleasure Prescription: To Love, to Work, to Play – Life in the Balance by Dr. Paul Pearsall
(Dr. Pearsall is a tremendous speaker. He lives in Hawaii and has a very balanced life.)

20. Clicking: 16 Trends to Future Fit Your Life, Your Work, and Your Business by Faith Popcorn and Lys Marigold

21. The Celestine Prophecy by James Redfield and Carol Andrienne

22. Toward a Meaningful Life: The Wisdom of the Rebbe by Menahem Mendel Schneersohn

23. The Millionaire Next Door by Dr. Thomas Stanley and Dr. William D. Danko
(Good empirical data. Fast Read.)

24. Yoga Philosophy of Patanjali by Swami Hariharananda Aranya

25. Does Death Really Exist? by Swami Muktananda

26. Lectures on Yoga by Swami Rama

27. Living With the Himalayan Masters by Swami Rama

28. Meditation and Its Practice by Swami Rama

29. A Practical Guide to Holistic Health by Swami Rama

30. YOGA AND PSYCHOTHERAPY: The Evolution of Consciousness by Swami Rama

31. SCIENCE OF BREATH by Sri Swami Rama

32. Living With the Himalayan Masters by Swami Rama

33. Providence by Daniel Quinn
34. Prakruti : Your Ayurvedic Constitution by Dr. Robert E. Svoboda

Unorganized, yet Interesting Books

1. How to Read a Book by Mortimer J. Adler and Charles van Doren

2. Organizing Genius: The Secrets of Creative Collaborative by Warren Bennis

3. Use Both Sides of Your Brain by Tony Buzan
(Very Interesting little book)

4. City of Djinns by William Dalrymple
(Awesome book. Great way to get a perspective on Delhi�s present and past.)

5. Great Books by David Denby

6. Nickel and Dimed: On (Not) Getting By in America by Barbara Ehrenreich

7. Surely You’re Joking, Mr. Feynman by Richard P. Feynman

8. Getting It Done: How to Lead When You’re Not in Charge by Roger Fisher and Alan Sharp

9. What Do You Care What Other People Think by Richard P. Feynman
(Richard Feynman�s books are awesome. Very bright physicist. Must-read!)

10. Franklin: The Autobiography by Benjamin Franklin

11. The Lexus and the Olive Tree by Thomas L. Friedman

12. Galileo’s Revenge by Peter Huber

13. The Geodesic Network by Peter Huber
(Peter is a Forbes columnist, a Senior Fellow at the Manhattan Institute and a very very brilliant man. I think he�s a lawyer from The Harvard Law School and an MIT-trained Electrical Engineer. I love to read his column in Forbes. This is a brilliant work written after the break-up of the Bell System via divestiture.)

14. The World’s Greatest Blackjack Book by Lance Humble and Carl Cooper

15. Please Understand Me: Character and Temperament Types by David Keirsey and Marilyn Bates

16. Winning Blackjack for the Serious Player by Edwin Silberstang

17. Models of My Life by Herbert A. Simon

18. Generations by William Strauss and Neil Howe

Audiocassettes1. The Higher Self : The Magic of Inner and Outer Fulfillment by Deepak Chopra, M.D.

2. The Awakened Life by Dr. Wayne Dyer

3. Transformation : The Next Step for the No-Limit Person by Dr. Wayne Dyer

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