This is a fun article by Craig Karmin on WSJ.com:
The most successful investors, it is often said, don't play by the
book. Still, the savviest investors are often voracious readers. For
insight into where to find good advice on international investing, we
asked five top global-fund managers to share their favorite books.
The five and their books are:
- Mohamed El-Erian, former head of emerging markets investing at PIMCO, onetime International Monetary Fund official, and currently manager of Harvard University's $26-billion endowment. He recommends Against the Gods: the Remarkable Story of Risk by Peter Bernstein.
- David Herro, manager of the $7-billion Oakmark International Fund since 1992, suggests Mr. China: A Memoir by Tim Clissold.
- Mark Mobius, president of Templeton Emerging Markets and himself author of four books on investing, recommends Aspirin: The Remarkable Story of A Wonder Drug by Diarmuid Jeffreys.
- Reiner Triltsch, head of international investments at U.S. Trust Corp., offers up The Tipping Point: How Little Things Can Make a Big Difference by Malcolm Gladwell as his recommendation.
- George Greig, head of international investing at William Blair & Co. says he draws insight from the 1964 classic, Understanding Media: The Extensions of Man by Marshall McLuhan.
Each manager gives his reasons for his picks in the article. I must confess that I haven't read any of these selections -- though I should have read Against the Gods by now, I've always had it "on my list" of books to read and it has only been out about a decade now. I also have to say that Mobius' pick is intriguing after reading his description of it.
Anyway, I'm a sucker for these types of pieces. So, if you enjoy them as well -- enjoy!
P.S. I'm not in the same league with the investors above. But if anyone is wondering what's on my nightstand, I'm reading Warriors: Portraits from the Battlefield by Max Hastings and Foreign Strands: A British Council Journey by Stephen Alexander. No, I don't think either of those is going to make you money in the stock market but, hey, reading is A Good Thing. Certainly better than watching too much TV or spending too much time in front of a computer(!).
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