Books
Liar’s Poker: Rising Through the Wreckage on Wall Street
by Michael Lewis
The time was the 1980s. The place was Wall Street. The game was called Liar’s Poker. This wickedly funny book endures as the best record we have of those heady, frenzied years. In it Lewis describes his own rake’s progress through a powerful investment bank. From an unlikely beginning (art history at Princeton?) he rose in two short years from Salomon Brothers trainee to Geek (the lowest form of life on the trading floor) to Big Swinging Dick, the most dangerous beast in the jungle, a bond salesman who could turn over millions of dollars’ worth of doubtful bonds with just one call.
Links
Warren Buffett’s Berkshire Hathaway Shareholder Letter (Berkshire Hathaway)
The Complete List of Q4 2016 Hedge Fund Letters to Investors (Vintage Value Investing)
Wal-Mart in Serious Trouble After Warren Buffett Takes Away $900 Million Investment (Live the Organic Dream)
Charlie Munger Continues Drawing Admirers at 93 (EconomicsWire)
Credit Suisse Global Investment Returns Yearbook 2017 (Credit Suisse)
Impact Investing in 2017: Trends to Look for and Be a Part of in the New Year (Kristin Hull via LinkedIn)
6 Rules for Value Investors to Buy Real Estate at the Right Price (The Street)
Interview with Howard Marks: Masters in Business (Bloomberg)
Decision Making amid Uncertainty: Six Steps to Improve Your Process (The Enterprising Investor)
What are you reading this weekend? Drop a link in the comments section below or shoot me an email.
