Reading List
Collaborations
Valuing Portfolios of Renewable Energy Assets - Jules Gallazzini
Recommendations
We are frequently asked: what are the best books on investing? How should one learn about the energy markets? Who do we learn from? Below, we share our top five book recommendations for: Investment Strategy, Decision Making, Economics, Biographies, Energy Markets, and Climate Change.
Investment Strategy:
Berkshire Hathaway Letters to Shareholder 1965-2014 - Warren E. Buffett
The Essays of Warren Buffett: Lessons for Corporate America - Warren E. Buffett (Author), Lawrence A. Cunningham (Compiler)
The Nomad Investment Partnership Letters - Nick Sleep, Qais Zakaria
The Intelligent Investor - Benjamin Graham
Margin of Safety - Seth A. Klarman
Decision Making:
Poor Charlie's Almanack - Charlie Munger
Psychology of Human Misjudgment - Charlie Munger
Thinking, Fast and Slow - Daniel Kahneman
Noise - Daniel Kahneman, Cass Sunstein, Olivier Sibony
The Checklist Manifesto - Atul Gawande
Economics:
Narrative Economics - Robert Schiller
Doing Capitalism in the Innovation Economy - William Janeway
This Time Is Different: Eight Centuries of Financial Folly - Carmen Reinhart, Kenneth Rogoff
The New Paradigm for Financial Markets - George Soros
Capital - Thomas Piketty
Biographies:
Buffett: The Making of an American Capitalist - Roger Lowenstein
Surely You’re Joking, Mr. Feynman - Richard Feynman
The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution - Gregory Zuckerman
When Genius Failed: The Rise and Fall of Long Term Capital Management - Roger Lowenstein
Models of My Life - Herbert Simon
Energy Market:
The Quest: Energy, Security, and the Remaking of the Modern World - Daniel Yergin
Sustainable Energy: Without the Hot Air - David MacKay
Clean Disruption of Energy and Transportation - Tony Seba
Zero Marginal Cost Society - Jeremy Rifkin
The Singularity Is Near - Ray Kurzweil
Climate Change:
Speed and Scale - John Doerr
How the World Really Works: A Scientist’s Guide to Our Past, Present and Future - Vaclav Smil
There Is No Planet B: A Handbook for the Make Or Break Years - Mike Berners-Lee
How to Avoid a Climate Disaster - Bill Gates
How Are We Going To Explain This? - Jelmer Mommers
Learning how to become a good investor is a difficult journey. There are long feedback loops on the decisions you take, behavioural biases to overcome and a required ability to remain rational when under pressure. Our approach combines learning from first principles and investing masters, such as Warren Buffett and Joel Greenblatt.
Reading is not enough, one must understand, learn from practice, and then customise approach to utilise strengths and overcome weaknesses. Remember, do not rush, this is a process that takes years and is not something to complete. We re-read many of the mentioned books and learn something new each time. We welcome the discussion of such learnings with our investment partners and peers.
See our office bookshelf on goodreads.