Episode · Invest Like the Best · 2016-09-27

Patrick O'Shaughnessy & Jason Zweig: books mentioned on Invest Like the Best #03

Jason Zweig – The Power of Serendipity - [Invest Like the Best, EP.03]

9 books · With Jason Zweig · Listen

In this episode, Patrick and Jason Zweig reflect on investing, financial advice, books, and life in general. The method for living discussed in the last 30 minutes will be useful for everyone.

Patrick O'Shaughnessy recommended The Devil's Financial Dictionary by Jason Zweig. Jason Zweig recommended What Do YOU Care what Other People Think? by Richard Phillips Feynman and others, Surely You're Joking, Mr. Feynman! by Richard P. Feynman, Life and Fate by Vasily Grossman, The Luck Factor by Richard Wiseman, and The Essays of Michel de Montaigne by Michel de Montaigne, and discussed Anna Karenina by Leo Tolstoy, The intelligent investor by Benjamin Graham, and The Devil's Dictionary by Ambrose Bierce.

Books mentioned, in the order they came up

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  1. The Devil's Financial Dictionary

    Jason Zweig · at 0:48 · mentioned 3 times

    The Devil's Financial Dictionary by Jason Zweig is a satirical and sharp lexicon that redefines Wall Street terminology to expose the realities and psychological traps of modern finance.

    Recommended
    “author of many great books, including the recent Devil's Financial Dictionary, which everyone should own.”
    Where to get it
  2. What Do YOU Care what Other People Think?

    Richard Phillips Feynman; Ralph Leighton · at 9:19

    What Do YOU Care what Other People Think? by Richard Phillips Feynman and Ralph Leighton is a collection of captivating short stories and reflections highlighting the physicist's curious character and unique worldview.

    Recommended
    “And a couple of my favorites are "What Do You Care What Other People Think?" And… Sums up his life.”
    Where to get it
  3. Surely You're Joking, Mr. Feynman!

    Richard P. Feynman · at 10:18

    Surely You're Joking, Mr. Feynman! by Richard P. Feynman is a celebrated collection of autobiographical anecdotes capturing the eccentric life, playful curiosity, and brilliant mind of the Nobel Prize-winning physicist.

    Recommended
    “And surely you're joking, Mr. Feynman. Although, really, you can open any of those books, almost any page, and find something wonderful.”
    Where to get it
  4. Life and Fate

    Vasily Grossman · at 15:30

    Life and Fate by Vasily Grossman is a sweeping historical masterpiece portraying the human toll of the Holocaust, the brutality of the Eastern Front, and the totalitarian pressures of the Soviet era during World War II.

    Recommended
    “The famous one is Anna Karenina by Tolstoy. And the one that should be famous is Life and Fate by Vasily Grossman, who was a phenomenal Russian writer in the first half of the 20th century, which is just this amazing, brilliant, gorgeous, disturbing, frightening book.”
    Where to get it
  5. Anna Karenina

    Leo Tolstoy · at 15:30

    Anna Karenina is Leo Tolstoy’s classic 19th-century novel exploring themes of love, duty, and social constraint in imperial Russia.

    Discussed
    “The famous one is Anna Karenina by Tolstoy. And the one that should be famous is Life and Fate by Vasily Grossman, who was a phenomenal Russian writer in the first half of the 20th century, which is just this amazing, brilliant, gorgeous, disturbing, frightening book.”
    Where to get it
  6. The intelligent investor

    Benjamin Graham · at 59:55

    The Intelligent Investor by Benjamin Graham is a foundational value investing text that outlines strategies for mitigating risk and evaluating market securities.

    Discussed
    “And he said, The Intelligent Investor by Benjamin Graham. And I said, yes. And he said, well, do you want to think about it? And I said, no.”
    Where to get it
  7. The Luck Factor

    Richard Wiseman · at 1:02:41

    The Luck Factor by Richard Wiseman is a popular psychology book that explores the behavioral and mental habits that distinguish naturally lucky people from unlucky ones.

    Recommended
    “And actually, let me mention one related thing, Patrick, which is in, I don't know, 10 or 15 years ago, I read a very wonderful, although it's light, but it's a really wonderful book by a British psychologist named Richard Wiseman. Wiseman. And I forget the title of the book. It has the word luck in it.”
    Where to get it
  8. The Devil's Dictionary

    Ambrose Bierce · at 1:13:53

    The Devil's Dictionary by Ambrose Bierce is a satirical and cynical reference work featuring sharp, witty definitions that subvert conventional terminology.

    Discussed
    “So here's one definition. Potential conflict of interest. Noun. An actual conflict of interest. And so, I mean, I hope that definitions like that are actually useful to people because that bit of cynicism, which I've modeled after Ambrose Bierce, who wrote the original Devil's Dictionary, is exactly what the financial services industry needs.”
    Where to get it
  9. The Essays of Michel de Montaigne

    Michel de Montaigne · at 1:15:23

    The Essays of Michel de Montaigne is a foundational work by the sixteenth-century French writer exploring human nature, philosophy, and personal introspection.

    Recommended
    “The book that I think I would most miss if I had never read it is probably the essays of Michel de Montaigne, Michel de Montaigne, the 16th century French writer. It's not for everybody. I mean, it's a pretty literary choice, but he was a phenomenal writer and thinker.”
    Where to get it
Other mentions in this episode (2) — ad reads, self-promotion and passing references, never counted
Passing The intelligent investor
“And it could be the intelligent investor or kind of a pure play like your money and your brain, or your most recent one, which is probably my favorite, the Devil's Dictionary. Devil's Financial Dictionary, I should say.”
Passing Your Money and Your Brain
“And it could be the intelligent investor or kind of a pure play like your money and your brain, or your most recent one, which is probably my favorite, the Devil's Dictionary. Devil's Financial Dictionary, I should say.”