Excess Returns

A comparative study that reverse-engineers dozens of top investors from their books, letters and speeches, and synthesises what actually recurs.

Context: Published by Harriman House; effectively a meta-analysis of the investing canon.

Why it’s on the list: The synthesis layer — worth reading against the primary sources rather than instead of them.

Where I saw it: Mohnish Pabrai published a list of the six books that helped him most in learning to invest; it reached Kyle through a thread by Daniel Mahncke.

Connections

• Mohnish Pabrai — recommended it
• Value Investing