Nov 29, 2014 bill ackman is the founder of the investment holding company pershing square capital management. His highflying hedge fund, pershing square holdings, ltd. Published in 1949, benjamin grahams the intelligent investor is. A road map for investing that i have now been following for 57 years. What books did bill ackman send to oliver white to generate. Buffett first published in 1934, security analysis is one of the most influential financial books ever written. Bill ackmans favorite books on investing are listed in confidence game, a great new book by bloomberg news reporter christine richard. Congratulations to the 2011 2012 secondyear graduating editors anna baghdasaryan cbs 12 and joseph jaspan cbs 12 on an outstanding job. Benjamin graham was an influential investor who is regarded as the father of value investing. Sep 03, 2018 bill ackman provides a list of the best 11 books that you should read if youre serious about learning more about investing. To understand the dynamics, one must look to 2014 and ackmans last blowout success.
Value vault csinvesting csinvesting intensive investing. Investing like the gurus understanding bill ackmans. Value investing strategies for the thoughtful investor seth klarman. Books recommended by bill ackman monte burke of forbes magazine, wrote a piece about a fishing guide named oliver white who took pershing square capital managements founder, bill ackman, on a fishing trip in the bahamas. William bill ackman s recommended books on investing william bill ackman is the founder and ceo of new yorkbased hedge fund pershing square capital management. In the back of the highly recommended book, you can be a stock market genius, greenblatt lists his favorite books. Big debt crisisray dalio not value more economics but i find it useful as i also own international index funds 5. Bill is the subject of the book confidence game by christine s. Nov 27, 2012 william ackman is founder and ceo of pershing square capital management. Value investing was a concept that was established by benjamin graham and david dodd who were professors at columbia business school. Hedge fund titan bill ackmans essential financial reading. Bill ackman trades, portfolio is an activist investor what is an activist investor, exactly. What are the best value investing books of all time. Within the story, white mentions a box of books that ackman sent him to read.
Ackman is a big believer in reading and learning from other great investors through reading their books. I learned the investment business largely from the work and thinking of other investors. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value. Both graham and lynch promote the concept of value investing looking at business value longterm versus shortterm gains, especially in stable but unexciting companies, and lived to beat the markets in their own time. Ackman calls it one of the most important investment books ive ever read, and says that the book perfectly fits the way valeant ceo mike pearson has run the company. Apr 22, 2014 ackman calls it one of the most important investment books ive ever read, and says that the book perfectly fits the way valeant ceo mike pearson has run the company. After an initial round of eliminations, five final teams present at the pershing square finals event, hosted by bill ackman. Risk averse value investing strategies for the thoughtful. Dodds classic discourse on valuing securities and their timeless value investing philosophy. That bill ackman uses value investing principles at all may be a surprise to some people, since he is most known. First, lets look at the reading list of the most famous value investor of alltime warren buffett. However, lynchs work is much more readable and accessible to the average reader of investment literature. William bill ackmans recommended books on investing.
In this post, im going to share the favorite books from each of these famed investors. Billionaire investor, bill ackman, has one of the best investing track records in the world. Top 10 books every investor should read best books to help you grow your investing skills and profits. These are the 12 books that bill ackman has his analysts.
When you add back fees, ackman has returned 1,199% since starting his. Dec, 2017 the recent battle with adp shows how fraught bill ackmans path back to glory has become. Those 21 videos 1 semester are in a separate folder. He is jewish in 1988, he received a bachelor of arts degree magna cum laude in the committee on degrees in social studies from harvard college. The second module broaches the subject of value investing in a lighttouch manner, before going a little heavy, but usefully so, and in no way. Highprofile investor bill ackman liquidates coronavirus. Bill ackmans lists his favorite books on investing in confidence game. The following two books are a great introduction to value investing for beginners. Sep 25, 2014 billionaire investor, bill ackman, has one of the best investing track records in the world. The six stock portfolio based on billionaire bill ackman. Activist investor bill ackman says this book explains his.
The art of value investing is a thoughtfully organized compilation of some of the best investment insights i have ever read. Jul 18, 2012 the books, ackman believed, would have whitewho had never before worked in financewellprepared for his new gig. Graham himself revised the book four times, with the last revision being published in 1971. Hedge fund titan bill ackmans essential financial reading list. Yet, theres a lot that you can learn from bill ackman especially when it comes to doing your homework before investing. Bill ackman provides a list of the best 11 books that you should read if youre serious about learning more about investing. Top ten bill ackman price action trading quotes new trader u. Both graham and lynch promote the concept of value investing looking at business value. A timeless classic, the book remains relevant after over 70 years of its publication. Bill ackmans greatest hits and misses investopedia. A dozen things ive learned from bill ackman about value and.
Security analysis 1951 edition benjamin graham, david dodd for more articles like this, check out our recent articles here. Ackman, the founder of pershing square capital, will be the main attraction at a private lunch with two guests in new york city, as part of a charity auction. Ackman is considered by some to be a contrarian investor but considers himself an activist investor. The intelligent investor by benjamin graham is a book that many value investors read cover to cover. The investor bill ackman about the most influential books for him. Riskaverse value investing strategies for the thoughtful investor seth klarman. Ackman was raised in chappaqua, new york, the son of ronnie i. The books, ackman believed, would have whitewho had never before worked in financewellprepared for his new gig. These are the 12 books that bill ackman has all his analysts read. Pershing square challenge the heilbrunn center for.
Dec 8, 2015 oliver white who took bill ackman, on a fishing trip in the bahamas. The key to become more experienced and knowledgeable about the markets is not in avoiding mistakes but in learning from them the first time. Ackman, who runs pershing square capital management, plays a starring role in richards book, which discusses the hedge fund managers yearslong crusade against bond insurer mbia inc. Ackmans kind permission by investingbythebooks check out the full list below. It has all the information necessary for a value investor to succeed in the markets. Regardless of your level of investing experience, youll find them enjoyable. The challenge is open to students who are enrolled in applied security analysis. Risk averse value investing strategies for the thoughtful investor by. Although we already have a page which lists ackmans favorite books, this appears to include some new names, and we provided more information on each book. In it, author robert kiyosaki shares his story of growing up with two dadshis real father and his best friends father, or his rich dadand how both men influenced kiyosakis views on investing. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of benjamin graham. The art of value investing is a thoughtfully organized compilation of some of the best investment insights i.
Bill ackman provides a list of the best 11 books that you should read if. William bill ackmans recommended books on investing the. Bill ackman is the founder of the investment holding company pershing square capital management. William bill ackmans recommended books on investing william bill ackman is the founder and ceo of new yorkbased hedge fund pershing square capital management. Formed in 2003, the hedgefund has acquired significant shares in. He is the founder and ceo of pershing square capital management, a hedge fund management company. Bill ackman, founder and ceo of pershing square capital management l. What books did bill ackman send to oliver white to. Says bill ackman of pershing square capital management about the art of value investing. The recent battle with adp shows how fraught bill ackmans path back to glory has become. In the value vault i split up the videos into two major sectionsthe value vault does not include the 2010 greenwald value investing class lectures.
Defenders of activism and activist investors themselves will tell you that they take positions in mismanaged companies, redress the balance between greedy managers and deserving shareholders and create longterm value. Books recommended by bill ackman 11 books goodreads. William ackman is founder and ceo of pershing square capital management. Pershing square challenge the heilbrunn center for graham.
By reading classic investment books, investors can gain valuable insights they can use to develop a profitable investing strategy. This issue also features 3 of the investment ideas presented at the 5th annual pershing square value investing and philanthropy challenge on april 25, 2012. In shareholder activism, an activist investor acquires major stakes in a company, and tries to shake up the management or business in. Formed in 2003, the hedgefund has acquired significant shares in companies such as jc penney, general growth properties. Benjamin graham, david dodd is the most is perhaps the most influential books on investing and finance ever written, ever since it was first published in 1934. Mar 29, 2020 by reading classic investment books, investors can gain valuable insights they can use to develop a profitable investing strategy. What books did bill ackman send to oliver white to generate interest in value investing and pershing square. Riskaverse value investing strategies for the thoughtful. Michael burry, dan loeb, bill ackman, david einhorn, and seth klarman have all recommended the book. Benjamin graham, jason zweig updates timeless value investing wisdom from the greatest investment teacher of. Value investing is a strategy that includes selecting stocks.
Apr, 2020 has remained one of the most influential personal finance and investing books since it was first published over 20 years ago. The best book on value investing is security analysis by benjamin graham and david dodd, 2nd edition 1940 without a doubt. The absurdly simple, ridiculously powerful deep value stock screener. Bill ackman graham and doddsville the value investing. A dozen things ive learned from bill ackman about value. These are the 12 books that bill ackman has his analysts read. The most recommended books on investing according to the greatest investors of all time. William albert ackman born may 11, 1966 is an american investor, hedge fund manager, and philanthropist. When you add back fees, ackman has returned 1,199% since starting his fund in 2004. Confidence game is a lesson for all investors on the value of independent and exhaustive research. This post will focus on only one aspect of bill ackmans investing system. Aug 26, 2014 bill ackman needs no introduction to our readers. What activist investors do, according to bill ackman.