Post #9137 by samtheinvestorm on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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My favorite is Morgan Housel - "The Psychology of Money". I wish I had read this much earlier, but it is an excellent, well written, and can be understood by all investors. The biggest lessons I took from the book were how improbable outstanding success is (Bill Gates was featured as an example of this), how inaccurate we really are about intelligently estimating the future (and how much we over rely on history to predict the future), and to understand what investing game you are playing, because there are multiple ways to be successful as investor. There are many more, but in my estimation a lot of the other investing books really focus on which game you are playing (i.e. long term buy and hold, trading etc.).

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