Learning from the Masters
Charlie Munger's Mental Models for Investing
Charlie Munger's mental models are a toolkit of big ideas from many disciplines, such as incentives, inversion, compound returns and human psychology, that…
Read guide → Learning from the MastersChuck Akre's Three-Legged Stool
Chuck Akre's three-legged stool explained: the three tests — a great business, great management, and a long reinvestment runway — of a compounding machine.
Read guide → Learning from the MastersHoward Marks on Market Cycles
Howard Marks on market cycles: why investor psychology swings like a pendulum, how to take the market's temperature, and why you prepare rather than predict.
Read guide → Learning from the MastersJoel Greenblatt's Magic Formula Explained
Joel Greenblatt's magic formula investing explained: ranking stocks by earnings yield and return on capital to buy good businesses cheaply, and its limits.
Read guide → Learning from the MastersMohnish Pabrai and the Dhandho Investor
Mohnish Pabrai and the Dhandho Investor: low-risk, high-uncertainty bets, 'heads I win, tails I don't lose much', and the art of cloning great investors.
Read guide → Learning from the MastersPeter Lynch's Investing Principles
Peter Lynch's investing principles explained: invest in what you know, do your homework, sort stocks into six types, and let your winners run for years.
Read guide → Learning from the MastersPhilip Fisher's Scuttlebutt Method
Philip Fisher's scuttlebutt method explained: researching a company through its customers, suppliers, competitors and former staff, and how to apply it today.
Read guide → Learning from the MastersSeth Klarman on Margin of Safety
Seth Klarman on margin of safety: why the Baupost founder puts avoiding loss first, holds cash when bargains are scarce, and distrusts market forecasts.
Read guide → Learning from the MastersTerry Smith's Investing Approach
Terry Smith's investing approach in three rules: buy good companies, don't overpay, do nothing. How Fundsmith's focus on high returns on capital works.
Read guide → Learning from the MastersThomas Phelps: 100 to 1 in the Stock Market
Thomas Phelps and 100 to 1 in the Stock Market: how buying right and holding on for decades, not trading, is the path to extraordinary long-term returns.
Read guide → Learning from the MastersWarren Buffett's Letters: The Key Lessons
Warren Buffett's shareholder letters hold decades of wisdom. The key lessons: economic moats, owner earnings, circle of competence, and lasting patience.
Read guide → Learning from the MastersWarren Buffett's Investment Strategy, Explained Step by Step
Warren Buffett's investment strategy is to buy understandable businesses with durable competitive advantages, run by able and honest managers, at sensible…
Read guide → Learning from the MastersPhilip Fisher's 15 Points to Look for in a Common Stock
Philip Fisher's 15 points are a checklist of questions for finding outstanding growth companies, covering sales potential, profit margins, research, people…
Read guide → Learning from the MastersThe Education of a Value Investor: Guy Spier's Lessons
Guy Spier is a Zurich-based value investor who ran the Aquamarine Fund from 1997 until 2026, and his book The Education of a Value Investor is the story of…
Read guide → Learning from the MastersThe Intelligent Investor Summary: Benjamin Graham's Lessons for Today
The Intelligent Investor teaches three ideas that still matter: treat a stock as a share in a real business, use market swings instead of following them, and…
Read guide → Learning from the MastersThe Best Investing Books: A Reading Path from Beginner to Advanced
The fastest way to become a good stock picker is to borrow the thinking of people who already were.
Read guide → Learning from the MastersNick Sleep and Nomad: Scale Economies Shared Explained
Nick Sleep ran the Nomad Investment Partnership with Qais Zakaria from 2001 to 2014, turning a small fund into one of the best long-term records of its…
Read guide →