Jamie Dimon’s Recommended Book List

All credit to www.businessinsider.com/heres-the-email-jamie-dimon-sent-the-interns-2010-7


The World is Flat

Competitive Strategy: Techniques for Analyzing Industries and Competitors

Security Analysis – Classic 1940 Edition

The Intelligent Investor

Execution – The Discipline of Getting Things Done

Jack: Straight From the Gut

Sam Walton – Made in America

Double your Profits in 6 Months or Less

Built from Scratch

Only the Paranoid Survive

Built to Last

History Bio

Founding Brothers: The Revolutionary Generation

Autobiography of Ben Franklin

Lincoln at Gettysburg: The Words that Remade America

Undaunted Courage: Meriwether Lewis, Thomas Jefferson, and the Opening of the American West Eisenhower: Soldier and President

The Rise of Theodore Roosevelt

Washington: The Indispensable Man

Lincoln Personal Memoirs of U.S. Grant Jefferson

Team of Rivals: The Political Genius of Abraham Lincoln

History Other

A Short History of Nearly Everything

Guns, Germs, and Steel: The Fates of Human Societies

Complexity: The Emerging Science at the Edge of Order and Chaos

A History of Knowledge: Past, Present, and Future

The Clash of Civilization and the Remaking of World Order

The Wealth and Poverty of Nations: Why Some are so Rich and Some so Poor

Post Traumatic Stock Syndrome

All credit to www.thereformedbroker.com/2012/01/10/gen-y-post-traumatic-stock-syndrome

From Reuters:

Take a recent Investing Sentiment Survey by Boston-based money managers MFS Investment Management. The poll discovered that 29 percent of people say they will never be comfortable investing in stocks – a shocking number in and of itself. But among Generation Y investors under 31, that number spikes to 52 percent. If that sentiment holds, it means that a large chunk of an entire generation of investors could be shunning equities for years to come.

It’s Arguably The Most Glaring Double Standard In American Life Today‏‏

I do not intend to do much political stuff on this blog, but this one was too good to pass up.

The WSJ opinion pages are worth a read. I find myself disagreeing with them more often that not, but they are usually well-informed, well-argued opinions.

This article discusses an apparent hypocrisy between how the media treats Rick Santorum and Barack Obama:

“When Barack Obama was campaigning for president in 2008, he declared that marriage is between a man and a woman. For the most part, his position was treated as a nonissue.

Now Rick Santorum is campaigning for president. He too says that marriage is between a man and a woman. What a different reaction he gets.”

The author has a point. You could suggest that it is a minor point, or that there are other issues to consider, but it logically hangs together. This sentence is what makes me spill my coffee:

“It’s arguably the most glaring double standard in American life today.”

Really? Media bias regarding Presidential Candidates views? That is the most glaring double standard in American life? In an article where you are discussing that gays can’t get married?

I have a principle that if I don’t know whether to laugh or cry, I choose to laugh…

More By Montier: Suggested Reading List

All credit to www.eurosharelab.com/james-montier-book-suggestions


The Seven Immutable Laws of Investing, by James Montier

All credit to www.gmo.com/America/CMSAttachmentDownload.aspx

1.    Always insist on a margin of safety
2.    This time is never different
3.    Be patient and wait for the fat pitch
4.    Be contrarian
5.    Risk is the permanent loss of capital, never a number
6.    Be leery of leverage
7.    Never invest in something you don’t understand