James Montier is the author of the wonderful book, The Little Book of Behavioral Investing: How not to be your own worst enemy.
At his former position, co-head of Global Strategy at Société Générale, his inner office memos became a must-read for investors. (Yesterday I shared Dylan Grice’s, who worked with James at Société Générale, recommended reading list which also originated as a memo.)
The below reading list is a combination of two memos James wrote, where he recommenced his favorite books across a wide variety of topics.
The original memos can be found on Scribd.
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James Montier Reading List Part # 1
Recommended Books on the Financial Crisis
The list was published in 2009. The first category he discusses are his favorite books on the 2008 financial crisis.
- Greenspan’s Bubbles by Bill Fleckenstein
- More Mortgage Meltdown by Whitney Tilson and Glen Tongue
- Mr. Market Miscalculates by Jim Grant
Favorite Investment Books
- Howard Marks Memos to Oaktree Clients
- Distressed Investing by Marty Whitman and & Fernando Diz
- Snowball by Alice Schroeder
- The Myth of the Rational Market by Justin Fox
Favorite Psychology Books
- Animal Spirits by Akerlof and Shiler
- Think Twice by Michael Mauboussin
- Dance with Chance by Spyros Makridakis
James Montier Reading List Part # 2
This is the start of a separate memo James published, where he recommended books on the following topics; investment classics, modern investment wonders, psychological musts,
- Security Analysis by Ben Graham and David Dodd (The sixth edition)
- Chapter 12 of The General Theory of Employment, Interest and Money by John Maynard Keynes
- Theory of Investment Value by John Burr Williams
- Manias, Panics and Crashes by Charles Kindelbeger
- Reminiscences of a Stock Operator by Edwin Lefevre
- The Little Book That Beats the Market by Joel Greenblatt
- The Little Book of Value Investing by Chris Browne
- Fooled by Randomness by Nassim Taleb
- Contrarian Investment Strategies by David Dreman
- Speculative Contagion by Frank Martin
- Robot’s Rebellion by Keith Stanovich
- Strangers to Ourselves by Tim Wilson
- How We Know What Isn’t So by Tom Gilovich
- Stumbling upon Happiness by Daniel Gilbert
- The Psychology of Intelligence Analysis by Richard Heuer Jnr
James Montier Reading List Part # 3
Last, in the same memo as Part # 2, James lists his advanced reading lists.
- Fooling some of the People, All of the Time by David Einhorn
- The Fundamental Index by Rob Arnott
- The Investors Dilemma by Louis Lowenstein
- Financial Shenanigans by Howard Schilit
- Creative Cash Flow Reporting by Charles Mulford and Eugene Comiskey
- Predictably Irrational by Dan Ariely
- Mistakes Were Made, But Not by Me by Carol Travis and Elliot Aronson
- Mindset by Carol Dweck