Episode · The Tim Ferriss Show · 2022-06-28
Books mentioned on #604: Master Investor Ed Thorp on How to Think for Yourself, Mental Models for the Second Half of Life, How to Be Inner-Directed, How Basic Numeracy Is a Superpower, and The Dangers of Investing Fads
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Books mentioned, in the order they came up
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Bad Science
Bad Science by Ben Goldacre is an insightful examination of sensationalized medical claims, media misinformation, and the flaws in how scientific studies are communicated to the public.
Recommended“There's a book called Bad Science by Ben Goldacre, who's a I believe he's a UK physician, excellent communicator as well and there are a number of sections in this book that I think are valuable for separating for instance absolute versus relative risk.”
Where to get it
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More money than God
More Money Than God by Sebastian Mallaby is an expansive and entertaining history of the hedge fund industry and the influential investors who shaped modern global finance.
Recommended“I wanted to recommend two books, and if you have any opinions on these, actually I suppose it's more of an author recommendation than anything else, but for people who want to gain some familiarity with the history of hedge funds and what constitutes a hedge fund... There's a book called More Money Than God by Sebastian Mallaby that I”
Where to get it
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The Power Law
The Power Law by Sebastian Mallaby is a comprehensive non-fiction exploration of the venture capital industry and its profound influence on the modern technological landscape.
Discussed“and he has written a new book, which I've not read, believe it's called The Power Law, which really delves into venture capital, and there are some striking similarities.”
Where to get it
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Extraordinary Popular Delusions and the Madness of Crowds
Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay is a classic historical exploration of crowd psychology, financial manias, and widespread irrational behaviors that have gripped societies throughout history.
Discussed“there is a book here which I've not read, but I've heard of before called Extraordinary Popular Delusions and the Madness of Crowds... Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay, m a c k a y.”
Where to get it
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The Unthinkable (Revised and Updated)
The Unthinkable by Amanda Ripley is a nonfiction exploration of survival psychology that examines how ordinary people react when confronted with disasters, terrorist attacks, and life-or-threatening crises.
Discussed“There's a book called The Unthinkable, I think by Amanda Ripley.”
Where to get it
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The Lonely Crowd
The Lonely Crowd by David Riesman, Nathan Glazer, and Reuel Denney is a classic sociological study that examines shifting American character types, particularly the transition from inner-directed to other-directed social behavior.
Discussed“And there's another book title, I believe it's a book, called the lonely crowd. Yeah, by David Riesman.”
Where to get it
Other mentions in this episode (6) — ad reads, self-promotion and passing references, never counted
“Edward O. Thorp (@edwardothorp) is the author of the bestseller Beat the Dealer, which transformed the game of blackjack.”
“His subsequent book, Beat the Market, coauthored with Sheen T. Kassouf, influenced securities markets around the globe.”
“And my book has a little section about that called the rule of 72.”
“Your books Beat the Dealer, Beat the Market, and A Man for All Markets, subtitle from Las Vegas to Wall Street, How I Beat the Dealer and the Market.”
“Your books Beat the Dealer, Beat the Market, and A Man for All Markets, subtitle from Las Vegas to Wall Street, How I Beat the Dealer and the Market.”
“Your books Beat the Dealer, Beat the Market, and A Man for All Markets, subtitle from Las Vegas to Wall Street, How I Beat the Dealer and the Market.”