Articles from ValueWalk

The 5-Minute MBA: Takeaways From Top Business Books...

Who has time to read anymore? Except for billionaires of course, somehow they always find time to read books, newspapers, and the Robb Report. It must be nice to be one of the few lucky people with the financial freedom to spend an hour each day for reading, thinking, and self-improvement. How can ordinary mortals with less than 3 commas ever catch up to them? Getting an MBA at business school helps, but that costs $100,000 and two years. Reading a lot of books is equivalent to an MBA, but then again, if people had time to read entire books they would already be financially independent and not need to read said books. The rich only get richer, because they read! So, as a small personal contribution to the struggle against wealth inequality, we came up with a solution. Compile the top investing and business books and summarize each with a one-sentence takeaway. Absorbing our list of takeaways provides almost all the benefits of reading the books, but only requires five minutes. For example, if we were listing the best movies of each decade and its key takeaway, the first entry would be: The 5-Minute MBA: 90¬ís movies Passenger 57, starring Wesley Snipes: Always bet on black Now, for your education and amusement, “The 5-minute MBA”. The 5-Minute MBA: Stocks Security Analysis by Benjamin Graham and David Dodd: Use fundamental analysis and buy below intrinsic value The Intelligent Investor by Benjamin Graham: Buy with a margin of safety from Mr. Market Berkshire Hathaway Annual Letters by Warren Buffett: Value investing works Money Masters by John Train: Value investing works with different investors Common Stocks and Uncommon Profits by Philip Fisher: Buy companies that grow Margin of Safety by Seth...