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10 Books For Tech Investors
Thought this would be fun. Here are a few that have shaped my ideas and approach to investing.

  1. Zero To One - Peter Thiel w Blake Masters

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One of the most influential books on my understanding of tech companies. If you want to decipher the ingredients that produce world-changing businesses, this is one to read. There's a lot on the factors that produce monopolies - a desirable outcome for any investor as it generally correlates to growth and returns. While it's more oriented towards startups and entrepreneurs, it applies to all tech companies.

  1. The Most Important Thing - Howard Marks

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Marks is one of the most lucid educators and practitioners of this craft. Wisdom accumulated and applicable to all investors. Extremely useful, and an anchor of good sense to get back to when times are tough.

  1. Security Analysis - Graham and Dodd

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The nuts and bolts. A little outdated and dry, but still extremely useful for spotting good investments and avoiding bad ones. Substitute with The Intelligent Investor for a more palatable read. Graham and Dodd were the cheap value kind, and I'd classify myself as a growth investor - growth is a subset value IMO.

  1. Beating The Street - Peter Lynch

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Common sense investing. Peter ideated so much of the modern wisdom good retail investors utilize and this book has it all. You don't need to be a genius, and anyone can invest. There's a lot on growth investing in this that Graham/Dodd don't quite cover - Letting your winners run for example. Peter also holds one of the world's best track records - averaging 29% annualized over 13 years with the Magellan Fund.

  1. Thinking, Fast And Slow - Daniel Kahneman

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Psychology is often intertwined with investing and this is one of the best books out there on decision-making. By A Nobel Prize-winning economist. It blew my mind when I read it and was thoroughly engaging. I catch myself coming back to this book many a time for advice when I'm thinking about thinking.

  1. Hedge Fund Market Wizards - Jack D. Schwager

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A collection of interviews with the world's best traders. Market Wizards form a series of books, and this is just one of them. Read them all if you have the time. Stock picking is half of it, but risk management and trading are the whole other half of it. Actionable insights for risk management for every investor - from the world's best risk-takers.

  1. The Hard Thing About Hard Things - Ben Horowitz

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Inside the tech company operator's mind and experiences. One of the cornerstone reads for tech entrepreneurs and operators. It humanizes and contextualizes the business you're investing in so you might understand the intangibles better. So much is about reading between the lines on earnings calls, and this helped me gain a valuable perspective on the other side. By Horowitz from the now storied VC Andreessen Horowitz.

  1. Damodaran On Valuation

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Want to get seriously academic? This is the one book to learn about valuation. Valuations always matter. This book will give you the tools to help baseline your euphoria or despair towards a goal and visible returns in the midst of chaos. Tough work getting through it, but you'll be as effective as the pros if you do all the exercises. Written by a rockstar professor, and possibly the best teacher on valuation around today.

  1. More Money Than God - Sebastian

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An account of the hedge fund industry's history and all its key characters across time. How hedging came to be, how advantages came and went, the rise and fall of big funds, do these guys actually produce alpha? Mistakes, strategies, successes, failures, and the alternative asset management engine.

  1. Fooled By Randomness - Nassim Nicholas Taleb

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Finding narratives in places where there are none - is a mistake I've seen too many investors make. I've certainly embellished in building stories to suit my thesis out of weak data too and paid the price. Taleb cuts through our ability to produce nonsense and points out fallacious biases. A good book on psychology, decision making, and investing in the markets - and a reminder to be humble.

What are your favourite investing books? Comment down below.

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