Posted at by mattw
One thing I like to do at year end is reflect upon what I have read in the past year that really stands out in my memory as meaning something to me. So, here’s the list for 06. My regret, I did not read nearly enough this year! I’m trying to start the year out to break that trend, so we’ll see how that goes. Taking the bus has helped that, but most of that reading has been geek books, which for the sake of my family, I will leave out all of those details.
Business / Investing Related

The Intelligent Investor, Benjamin Graham
If Benjamin Graham wrote the book on the “value investing” that inspired Warren Buffett, this is the book that he wrote on it. In fairly accessible language and terminology, Graham walks through identifying value opportunities. Commentary by Jason Zweig following each chapter applies the lessons Graham was mentioning regarding utilities and railroads to the dot-com bubble and the Enron debacle. It’s hard to walk away from this book and clearly know, “Yes, I should invest in security x” but the book gives a great framework to analyze the security of any company, and stays away from a lot of in depth balance sheet or financial statement analysis (which is a good thing from a value perspective). A lot of the lessons of this book are easy to see in the performance of Graham’s greatest student, Warren Buffett, who has managed to be fairly successful. My copy, currently on loan to my dad, is well dog eared with every page chock full of relevent tips and hints that still seem to apply today. The major lesson I learned, bet with Warren Buffett.

A Random Walk Down Wall Street, Burton Malkiel
Another “framework” investing book, but more up to date than Graham’s text, this book really walks through the case that most individuals would be best of by investing in a large index fund with low expenses that tracks one of the large markets (S&P 500 being the typical example). If one chooses to ignore that advice, Malkiel walks through characteristics of stocks to look out for. There is a lot of overlap I think between these two, this book gets into more technical details that is more timely, for instance, pets.com was a boneheaded idea from the get-go and everyone who lost money on it should have seen what was coming. This one also has it’s “system” which it goes into great details describing, but I have not looked at in too much depth.

The Cognitive Style of PowerPoint, Edward Tufte
If you hate powerpoint presentations, or work at a company that has meetings to prep for the meeting where the powerpoint deck for the meeting will be created, this booklet is a great little read. It makes some basic points about the lack of information density present in a powerpoint deck, especially contrasted with Tufte’s favored medium, high resolution print. The booklet is gorgeously printed, and is much cheaper than Tufte’s other texts which expand upon the themes touched on in relation to powerpoint.
Readings For Pleasure

The Last Templar, Raymond Khoury
Catholic Conspiricy, check
Ridiculous Treasure, check
Random hero thrown into the mix, unaware of the enormity of what’s going on, check
This was a good read. Not as drawn out as the Da Vinci code which had a good plot but was too long in the wrong places, this book reminded me of the fun ride which was Angels and Demons. It’s a pretty quick read,so if you’re looking for something on your next plane ride and back, this would be a good one to pick up. It has some of “there’s a deep hidden lie behind all of Christianity” that the Da Vinci code has, but that doesn’t override what is a fun story. Foucault’s Pendulum is next on my reading list in this genre, but I’ve been warned it’s a bit trickier of a read (and that was coming from a guy who is Italian and could read all of those parts!)
Those are the ones that really stand out to me, in looking back. This year I’m going to a.) keep better track of what I’m reading, and b.) READ MORE!