One of my goals for 2019 is to read more long-form, timeless wisdom which will further my quest toward being a more thoughtful investor.
I’ve slipped a bit on my reading schedule (which is why I missed May and June!) but hoping to get back on track with a regular discipline of reading things that will help me better myself and expand my world view.
Last year, I shared Four Recommended Reads for the Fourth. If you’re looking for a good 4th of July weekend read, I’d start there!
In case you’re interested, here are links to my previous book lists:
Books for Investors April 2019
Books for Investors March 2019
Books for Investors February 2019
Three Books for Healthy Habits in 2019
With all of that in mind, here are three good books that I’ve read in recent weeks.
TraderMind: Get a Mindful Edge in the Markets, Steve Ward
Steve Ward is a big proponent of mindfulness meditation and here he lays out a process for incorporating more mindfulness into your trading routine. While Behavioral Finance is often seen as too negative, focusing on our shortcomings as humans, Chapter Five talks about how to use your emotions in a positive and constructive way. Strongly recommend.
Jack Straight from the Gut, Jack Welch
This book has been on my bookshelf for I can’t tell you how many years. I’m not sure if this was a fascinating look inside the mind of a great manager of people, a somewhat depressing view of a life with very poor work/life balance, or an argument for the value of a broadly diversified industrial conglomerate. Probably a mix of all three. I found myself drawing many parallels between Jack’s experiences and my own challenges balancing a successful career with fulfilled family life.
With Wings Like Eagles, Michael Korda
An amazing account of the Battle of Britain, the largest air battle in history. The struggles of these aviators on both sides were just humbling to read. I loved how it described the loneliness of flying, and how important were the lines of communication for battle planning but also pilot sanity. The British pilots had trouble trusting the feedback from the young female controllers on the radio, so the commanders rotated pilots to spend a day with the controllers to see how they gathered information and shared with the pilots. Great lessons on communication, management, leadership, technology.
I’m committed to reading more timeless content this year. Sharing my reads with you is one way to keep myself honest. What are you reading these days? Tell me on Twitter.
RR#6,
Dave
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. Please see the Disclaimer page for full details.