Episode · Invest Like the Best · 2026-05-28
Patrick O'Shaughnessy & Dan Loeb: books mentioned on Invest Like the Best #475
Dan Loeb - Lessons from 30 Years of Investing - [Invest Like the Best, EP.475]
My guest today is Dan Loeb, the founder and CEO of Third Point. Dan started Third Point in 1995 with a few million dollars, and today the firm manages over 24 billion across equities, corporate and structured credit, venture, and insurance.
Dan Loeb recommended You Can Be a Stock Market Genius by Joel Greenblatt, The Outsiders by S. E Hinton, and Quality Investing by Lawrence A. Cunningham and others, and discussed Essentialism by Greg McKeown and Reminiscences of a Stock Operator by Edwin Lefèvre.
Books mentioned, in the order they came up
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You Can Be a Stock Market Genius
You Can Be a Stock Market Genius by Joel Greenblatt is a classic investing manual focused on event-driven strategies and special situations.
Recommended“And the best book, which I think is still relevant today, would be Joel Greenblatt's book, the classic, You Can Be a Stock Market Genius. I think the original title was, You Can Be a Stock Market Genius Even If You're Not That Smart.”
Where to get it
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The Outsiders
The Outsiders by S.
Recommended“And if I would suggest a couple of books, I'm sure people have mentioned them. I think you may have even interviewed some of the people who wrote them. Probably the two most consequential books that I read that had the most influence on me in that area. One would be The Outsiders.”
Where to get it
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Quality Investing
Quality Investing by Lawrence A.
Recommended“The most influential and eye-opening book to me was this book, Quality Investing by Cunningham. And that, I think, really lays out the idea of super high-quality businesses with good moats and high return on capital and that you might want to own for many, many years.”
Where to get it
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Essentialism
Essentialism by Greg McKeown is a widely acclaimed personal development book that advocates for the disciplined pursuit of less, encouraging readers to focus on the vital few rather than the trivial many.
Discussed“And Brad Gerstner talks about this book, Essentialism. And I think we also have to adopt this idea of essentialism because you can't do it all. You have to figure out the things that are most important and most relevant to what you do.”
Where to get it
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Reminiscences of a Stock Operator
Reminiscences of a Stock Operator by Edwin Lefèvre is a classic financial narrative that chronicles the life and market maneuvers of a legendary Wall Street trader.
Discussed“There's so much wisdom in books for investing. One of my favorite books, Reminiscences of a Stock Operator, quotes, I think it's from Ecclesiastes, which says, there's nothing new under the sun. And the question is, will AI take human nature and the flaws in human emotion out of the investment process?”
Where to get it
Other mentions in this episode (2) — ad reads, self-promotion and passing references, never counted
“You can read all these amazing books, The Outsiders and Joel Greenblatt's book, and they're great. But it feels like part of investing is you have to get hit in the face or experience things to really imbibe the lessons.”
“You can read all these amazing books, The Outsiders and Joel Greenblatt's book, and they're great. But it feels like part of investing is you have to get hit in the face or experience things to really imbibe the lessons.”