I recently read There’s Always Something To Do, which describes the investment approach of the late Peter Cundill. Cundill was a Ben Graham-like value investor (with a few modifications) who generated returns in his fund of 15+% per year for 33 years.
Cundill wrote that “there are a few books – really not that many – which I believe are indispensable reading for every serious investor…”. The list is as follows:
- Extraordinary Popular Delusions and the Madness of Crowds by Mackay
- The Crowd: A Study of the Popular Mind by Le Bon
- Buffett: The Making of an American Capitalist by Lowenstein
- The Money Masters by Train
- The Intelligent Investor by Graham
- The Templeton Touch by Proctor
- The Alchemy of Finance by Soros