Thomas Piketty's "Capital in the Twenty-First Century" is a monumental work that explores the history and future of capitalism. The book is particularly known for its argument that the rate of return on capital (r) is higher than the rate of economic growth (g), and that this inequality will worsen over time. From an investment professional's perspective, "Capital in the Twenty-First Century" of..
Michael Lewis's "Liar's Poker" is a gripping memoir that chronicles his experience as a bond salesman at Salomon Brothers during the 1980s. The book provides a fascinating glimpse into the high-stakes world of Wall Street, where traders and bankers make decisions worth millions of dollars on a daily basis. While the book is often entertaining and humorous, it also offers a sobering look at the e..
Mohnish Pabrai's "The Dhandho Investor" has become a foundational text for value investors, offering a unique blend of time-tested principles and practical insights. Inspired by the Gujarati word "dhandho" meaning "business," Pabrai presents a compelling framework for identifying and investing in undervalued businesses with sustainable competitive advantages. In this extensive analysis, we will ..
Peter Lynch's best-selling book, "One Up On Wall Street," has inspired countless investors with its message that anyone can achieve success in the stock market. During his 13-year tenure managing the Magellan Fund, Lynch generated an annualized return of 29.2%, making him a legendary figure in the investment world. In this article, we will analyze Lynch's investment philosophy from the perspecti..