Dan Loeb is founder of the hedge fund Third Point LLC.
Founded in 1995, Third Point LLC has returned an average of 16.2% to its investors through 2015.
He’s taken many very public stances as an activist investor on companies like Yahoo, Sony, and Sotheby’s.
As with Ray Dalio, he credits a lot of his success to his practice of transcendental meditation.
So, what’s on the Dan Loeb reading list?
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Here are his top book recommendations from a talk he gave in 2009 at the Jewish Enrichment Center.
A recording of the talk at the Jewish Enrichment Center.
Here I’ve transcribed his comments, which start at the 49:oo minute mark.
“I’ll just tell you my favorite investing books that I tell everybody to read. Everybody has got to read, because it’s such great history, Edwin Lef’vre’s Reminiscences of a Stock Operator…Joel Greenblatt wrote probably the best book ever, You Can Be A Stock Market Genius….Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports by Howard Schilit, The Art of Short Selling, is another good book.
There’s actually a book I read recently that I really like. It’s not about investing, it’s about story, and I stole some of his ideas…The Power of Story: Rewrite Your Destiny in Business and in Life by Jim Loehr, if you want to sort of just take it up a notch, that’s a book I’ve enjoyed lately too.”
Dan Loeb Reading List
According to Loeb, these are the books, “everybody has to read.”
- The Art of Short Selling by Kathryn F. Staley
- Financial Shenanigans: How to Detect Accounting Gimmicks & Fraud in Financial Reports by Howard Schilit
- The Power of Story: Rewrite Your Destiny in Business and in Life by Jim Loehr
- Reminiscences of a Stock Operator: With New Commentary and Insights on the Life and Times of Jesse Livermore by Edwin Lef’vre & Jon D. Markman
- You Can Be A Stock Market Genius by Joel Greenblatt