Compounding Quality Profile picture
Jan 27 12 tweets 4 min read Read on X
American Hedge Fund billionaire Bill Ackman is a learning machine.

"You can learn investing by reading books."

Here are his 9 favorite investing books everyone should read: Image
1. Security Analysis

This book is a valuation masterclass.

"The stock market is a voting machine in the short run and a weighing machine in the long run." Image
2. Quality of Earnings

This book shows the importance of examining a company's financial statements and earnings to determine their true quality and reliability Image
3. Beating the Street

In this book Peter Lynch emphasizes the idea that individual investors can achieve market-beating returns by investing in companies they understand and believe in Image
4. The Intelligent Investor

In the end, all intelligent investing is value investing.

The Intelligent Investor teaches investors to approach the stock market with a focus on long-term, rational, and conservative strategies. Image
5. The Essays of Warren Buffett

Are you a fan of Warren Buffett? Then you should read this book.

This book tells you exactly how Buffett has built his empire. Image
6. Margin of Safety

Investors are all too often lured by the prospect of instant millions and fall prey to the many fads of Wall Street.

Don't be like this. Act like an investor and not as a speculator. Image
7. You can be a Stock Market Genius

Joel Greenblatt is a great teacher and investor.

This book offers a practical guide to investing in the stock market. Image
8. The Warren Buffett Way

This book breaks down Warren Buffett's investment philosophy.

It's a helpful book for those who want to invest in a sound and rational way. Image
9. One Up On Wall Street

This is one of my favorite investment books ever.

"One Up on Wall Street" focuses on helping regular investors defeat Wall Street professionals, who are skilled and highly paid. Image
That's it for today.

If you liked this, you'll love a PDF I compiled with more than 200 pages of Bill Ackman's wisdom.

Sign up here to receive it : compounding-quality.ck.page/3192d630f8
Here's an overview of them all: Image

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More from @QCompounding

Jan 28
10 Quality Stocks You Should Know

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Jan 26
10 Powerful takeaways from the book Atomic Habits (James Clear): Image
1️⃣ The power of compounding

Tiny changes in habits can change the trajectory of our lives in amazing ways.

Success is not about massive actions. It's about tiny improvements that aren't even noticeable at first.

Habits are the compound interest of self-improvement.
2️⃣ Goals versus systems

We set goals but forget the steps to achieve them.

Goals are about the results you want, but systems are about the process that leads to them.

Forget about goals and focus on systems instead.
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Jan 26
Did you read “A Few Lessons From Warren Buffett” already?

I loved it.

Here are 20 things I learned from these 81 pages full of Buffett wisdom: Image
's funny: If you only want the best, you usually get it.

2.A small team helps us focus on the work, not on managing each other.1.Life
3.When things are really good, be ready for a lot, not just a little.

4.Our managers do simple things really well and that's why they're amazing.
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Jan 25
The best investors in the world:

• Warren Buffett
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• Terry Smith
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• Rakesh Jhunjhunwala
• Charlie Munger

1 important lesson from each:
Rule No. 1 is never lose money. Rule No. 2 is never forget Rule No. 1.

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If you invest $1,000 in a stock, all you can lose is $1,000, but you stand to gain $10,000 or even $50,000 over time if you're patient.

- Peter Lynch
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Jan 25
Bonds cheat sheet

Here's everything you need to know: Image
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Jan 23
Charlie Munger once said:

""Spend each day trying to be a little wiser than you were when you woke up. Day by day, and at the end of the day, if you live long enough ... you will get out of life what you deserve."

Here are 10 things I learned from him: Image
"It is remarkable how much long-term advantage people like us have gotten by trying to be consistently not stupid, instead of trying to be very intelligent."

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- Charlie Munger
Read 11 tweets

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