When I started Aleph Blog, I had no idea that I would do so many book reviews.? When I wrote for RealMoney, my wife noted that I stopped reading books.? “Don’t have time,” was my reply.? It’s not that I have more time now, but that I am using my time better.? I always have a book with me, and when I get a break, I read.? My wife tells me she could never read a book that way.? I tell her that I must do it that way, or the books will not get read.
One surprise to me is that the publishers are so free with their books.? When I ask for a book, I get it 80% of the time.? And I get books that I would never have thought of asking for.? PR flacks contact me and ask if I am willing to do something special for their author.? The answer is usually “no,” but for special books I will do more.
The books that I ask for usually get better reviews than the ones that come gratis.? There is a degree of self-selection here; I choose books that I am likely to like.
I receive books.? They presently fall into these categories:
- Read, but not reviewed (7 at present)
- Reading (1 book at a time)
- Hot books (3 at present)
- Waiting (10 books)
I read the books that seem the most promising.? Since I never promise to review a book, occasionally a book will get dropped from the review queue after a scan.? My objective is to highlight good books for readers, and warn on popular books that should be avoided.
But let me point out a bias of mine.? I think it is hard to write good books on asset allocation, technical analysis, or quantitative investing.? Why?? The books overpromise and underdeliver.? There are no easy solutions when all you need to know is the math, because the computers at hedge funds mop up those inefficiencies easily.
I would like to write a piece on how to write a good investment book, but I shy away from writing it, because I have never written a book, and who am I to dictate to those who made the effort to write a book.
But all that said, I have been asked by readers to rank my book reviews.? Well, here it is.? Please understand that the rankings are often close, and I don’t put a lot of weight into them.? I did my best, but if there is no link to buy the book at Amazon, it is because I think no one should buy it.? Note to Michael Covel: to that degree, you are on my buy list.
So here is my list of book reviews, sorted by category and rank:
Review |
Amazon Stars |
Category |
Rank in Category |
Amazon Widget |
Book Review: Financial Shenanigans |
5 |
Accounting |
1 |
Financial Shenanigans |
Book Review: Quality of Earnings |
5 |
Accounting |
2 |
Quality of Earnings |
Book Review: Early Warning and Quick Response |
4 |
Accounting |
3 |
Early Warning and Quick Response |
Book Review: Dynamic Asset Allocation |
3 |
Asset Allocation |
1 |
Dynamic Asset Allocation |
Book Review: 7Twelve |
2 |
Asset Allocation |
2 |
|
Book Review: The Flexible Investment Playbook |
1 |
Asset Allocation |
3 |
|
Book Review: Co-opetition |
5 |
Business |
1 |
Co-Opetition |
Book Review: Warren Buffett on Business |
4 |
Business |
2 |
Warren Buffett on Business |
Book Review: All the Devils are Here |
5 |
Crisis |
1 |
All the Devils Are Here |
Book Review: Street Fighters |
5 |
Crisis |
2 |
Street Fighters |
Book Review: Complicit |
5 |
Crisis |
3 |
Complicit |
Book Review: Confidence Game |
5 |
Crisis |
4 |
Confidence Game |
Book Review: Slapped by the Invisible Hand |
4 |
Crisis |
5 |
Slapped by the Invisible Hand |
Book Review: 13 Bankers |
4 |
Crisis |
6 |
13 Bankers |
Book Review: Financial Shock |
3 |
Crisis |
7 |
Financial Shock |
Book Review: When Giants Fall |
2 |
Crisis |
8 |
|
Book Review: The Volatility Machine |
5 |
Economics |
1 |
The Volatility Machine |
Book Review: Priceless |
5 |
Economics |
2 |
Priceless |
Book Review: Fault Lines |
5 |
Economics |
3 |
Fault Lines |
Book Review: Where Keynes Went Wrong |
5 |
Economics |
4 |
Where Keynes Went Wrong |
Book Review: Monetary Regimes and Inflation |
4 |
Economics |
5 |
Monetary Regimes and Inflation |
Book Review: Making Sense of the Dollar |
4 |
Economics |
6 |
Making Sense of the Dollar |
Book Review: Secrets of the Moneylab |
3 |
Economics |
7 |
Secrets of the Moneylab |
Book Review: The Economics of Food |
3 |
Economics |
8 |
The Economics of Food |
Book Review: Manias, Panics, and Crashes |
5 |
History |
1 |
Manias, Panics, and Crashes |
Book Review: Devil Take the Hindmost |
5 |
History |
1 |
Devil Take the Hindmost |
Book Review: This Time Is Different |
5 |
History |
2 |
This Time Is Different |
Book Review: 100 Minds That Made The Market |
5 |
History |
3 |
100 Minds That Made the Market |
Book Review: The Trouble With Prosperity |
5 |
History |
4 |
The Trouble With Prosperity |
Book Review: The Wall Street Waltz |
5 |
History |
5 |
The Wall Street Waltz |
Book Review: Mr. Market Miscalculates |
5 |
History |
6 |
Mr. Market Miscalculates |
Book Review: Reminiscences of a Stock Operator (Annotated Edition) |
5 |
History |
7 |
Reminiscences of a Stock Operator Annotated Edition |
Book Review: The Myth of the Rational Market |
5 |
History |
8 |
The Myth of the Rational Market |
Book Review: Wealth, War & Wisdom |
5 |
History |
9 |
Wealth, War and Wisdom |
Book Review: Once in Golconda |
4 |
History |
10 |
Once in Golconda |
Book Review: The Last of the Imperious Rich |
4 |
History |
11 |
The Last of the Imperious Rich |
Book Review: Fallen Giant |
4 |
History |
12 |
Fallen Giant |
Book Review: A History of Interest Rates |
4 |
History |
13 |
A History of Interest Rates |
Book Review: The Intelligent Investor |
5 |
Investing |
1 |
The Intelligent Investor |
Book Review: The Aggressive Conservative Investor |
5 |
Investing |
2 |
The Aggressive Conservative Investor |
Book Review: Dear Mr. Buffett |
5 |
Investing |
3 |
Dear Mr. Buffett |
Book Review: The Only Guide to Alternative Investments You?ll Ever Need |
5 |
Investing |
4 |
The Only Guide to Alternative Investments You’ll Ever Need |
Book Review: Margin of Safety |
5 |
Investing |
5 |
|
Book Review: Buffett Beyond Value |
4 |
Investing |
6 |
Buffett Beyond Value |
Book Review: The Only Three Questions That Count |
4 |
Investing |
7 |
The Only Three Questions That Count |
Book Review: Super Stocks |
4 |
Investing |
8 |
Super Stocks |
Book Review: The Dick Davis Dividend |
4 |
Investing |
9 |
The Dick Davis Dividend |
Book Review: Diary of a Hedge Fund Manager |
4 |
Investing |
10 |
Diary of a Hedge Fund Manager |
Book Review: The Elements of Investing |
4 |
Investing |
11 |
The Elements of Investing |
Book Review: Outperform |
4 |
Investing |
12 |
Outperform |
Book Review: Market Indicators |
4 |
Investing |
13 |
Market Indicators |
Book Review: Why are we so Clueless about the Stock Market? |
4 |
Investing |
14 |
Why Are We So Clueless about the Stock Market? |
Book Review: TradeStream Your Way to Profits |
3 |
Investing |
15 |
TradeStream Your Way to Profits |
Book Review: 7 Commandments of Stock Investing |
3 |
Investing |
16 |
7 Commandments of Stock Investing |
Book Review: Higher Returns from Safe Investments |
2 |
Investing |
17 |
|
Book Review: Buying at the Point of Maximum Pessimism |
1 |
Investing |
18 |
|
Book Review: Soros on Soros |
5 |
Macro Investing |
1 |
Soros on Soros |
Book Review: The Alchemy of Finance |
5 |
Macro Investing |
2 |
The Alchemy of Finance |
Book Review: The Great Reflation |
5 |
Macro Investing |
3 |
The Great Reflation |
Book Review: The Predictioneer?s Game |
5 |
Miscellaneous |
1 |
The Predictioneer’s Game |
Book Review: Navigating the Financial Blogosphere |
4 |
Miscellaneous |
2 |
Navigating the Financial Blogosphere |
Book Review: Book of isms |
4 |
Miscellaneous |
3 |
The Economist Book of isms |
Book Review: While America Aged |
5 |
Pensions |
1 |
While America Aged |
Book Review: Pension Dumping |
5 |
Pensions |
2 |
Pension Dumping |
Book Review: Easy Money |
5 |
Personal Finance |
1 |
Easy Money |
Book Review: That Thing Rich People Do |
5 |
Personal Finance |
2 |
That Thing Rich People Do |
Book Review: The Bogleheads? Guide to Retirement Planning |
4 |
Personal Finance |
3 |
The Bogleheads’ Guide to Retirement Planning |
Book Review: The Insured Portfolio |
4 |
Personal Finance |
4 |
The Insured Portfolio |
Book Review: How to Be the Family CFO |
1 |
Personal Finance |
5 |
|
Book Review: Finding Alpha |
5 |
Quantitative Investing |
1 |
Finding Alpha |
Book Review: Investing By The Numbers |
5 |
Quantitative Investing |
2 |
Investing by the Numbers |
Book Review: Triumph of the Optimists |
4 |
Quantitative Investing |
3 |
Triumph of the Optimists |
Book Review: Quantitative Strategies for Achieving Alpha |
4 |
Quantitative Investing |
4 |
Quantitative Strategies for Achieving Alpha |
Book Review: The Complete Guide To Option Pricing Formulas, and Derivatives |
4 |
Quantitative Investing |
5 |
The Complete Guide to Option Pricing Formulas |
Book Review: Models on Models |
4 |
Quantitative Investing |
6 |
Derivatives Models on Models |
Book Review: Two Books on Options by Anthony Saliba |
4 |
Quantitative Investing |
7 |
Option Spread Strategies? Option Strategies for Directionless Markets |
Book Review: The Guru Investor |
3 |
Quantitative Investing |
8 |
The Guru Investor |
Book Review: Beating the Market, 3 Months at a Time |
3 |
Quantitative Investing |
9 |
Beating the Market, 3 Months at a Time |
Book Review: The Fundamental Index |
3 |
Quantitative Investing |
10 |
The Fundamental Index |
Book Review: Nerds on Wall Street |
3 |
Quantitative Investing |
11 |
Nerds on Wall Street |
Book Review: Expectations Investing |
2 |
Quantitative Investing |
12 |
Expectations Investing |
Book Review: What Works on Wall Street |
2 |
Quantitative Investing |
13 |
What Works on Wall Street |
Book Review: Quantitative Equity Investing |
2 |
Quantitative Investing |
14 |
|
Book Review: The New Science of Asset Allocation |
2 |
Quantitative Investing |
15 |
|
Book Review: The Quant Investor?s Almanac 2011 |
1 |
Quantitative Investing |
16 |
|
Book Review: Fortune?s Formula |
5 |
Risk Control |
1 |
Fortune’s Formula |
Book Review: Risk and the Smart Investor |
5 |
Risk Control |
2 |
Risk and the Smart Investor |
Book Review: No One Would Listen |
5 |
Risk Control |
3 |
No One Would Listen |
Book Review: MarketPsych |
4 |
Risk Control |
4 |
MarketPsych |
Book Review: Who Can You Trust With Your Money? |
4 |
Risk Control |
5 |
Who Can you Trust with Your Money? |
Book Review: The Flaw of Averages |
3 |
Risk Control |
6 |
The Flaw of Averages |
Book Review: The Club No One Wanted To Join |
3 |
Risk Control |
7 |
The Club No One Wanted To Join |
Book Review: Think Twice |
2 |
Risk Control |
8 |
Think Twice |
Software Review: Dragon NaturallySpeaking, Version 11 |
5 |
Software |
1 |
Dragon NaturallySpeaking Home, Version 11 |
Book Review: The Heretics of Finance |
4 |
Technical Analysis |
1 |
The Heretics of Finance |
Book Review: Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell |
3 |
Technical Analysis |
2 |
Beat the Market: Invest by Knowing What Stocks to Buy and What Stocks to Sell |
Book Review: Trend Following |
2 |
Technical Analysis |
3 |
Trend Following |
Book Review: The Ten Roads to Riches |
4 |
Wealth |
1 |
The Ten Roads to Riches |
Book Review: Rich Like Them |
4 |
Wealth |
2 |
Rich Like Them |
If you want to read a review, click on the left link.? If you want to buy, click on the right link.
Full disclosure: If you enter Amazon through my site, and you buy anything, I get a small commission.? This is my main source of blog revenue.? I prefer this to a ?tip jar? because I want you to get something you want, rather than merely giving me a tip.? Book reviews take time, particularly with the reading, which most book reviewers don?t do in full, and I typically do. (When I don?t, I mention that I scanned the book.? Also, I never use the data that the PR flacks send out.)
Most people buying at Amazon do not enter via a referring website.? Thus Amazon builds an extra 1-3% into the prices to all buyers to compensate for the commissions given to the minority that come through referring sites.? Whether you buy at Amazon directly or enter via my site, your prices don?t change.
Full disclosure: This book was sent to me, because I asked for it.
If you enter Amazon through my site, and you buy anything, I get a small commission.? This is my main source of blog revenue.? I prefer this to a ?tip jar? because I want you to get something you want, rather than merely giving me a tip.? Book reviews take time, particularly with the reading, which most book reviewers don?t do in full, and I typically do. (When I don?t, I mention that I scanned the book.? Also, I never use the data that the PR flacks send out.)
Most people buying at Amazon do not enter via a referring website.? Thus Amazon builds an extra 1-3% into the prices to all buyers to compensate for the commissions given to the minority that come through referring sites.? Whether you buy at Amazon directly or enter via my site, your prices don?t change.
Uhmm, a reader? The target market? A guy who’s read enough books and knows enough about the area to consider his reviews of said books relevant and useful to others? I know you are modest, but I know you know that you know what you want out of a book. (that last sentence is evidence I shouldn’t be writing anything)
You are not telling an author what to write, you are letting them know what people similar to you want to read. It’s not really dictating, it’s just a friendly reminder of what you, as a piece of their target market, think are opportunities to better fill the need for certain content. Worst case scenario, a couple of people snicker about it, best case scenario, you help someone write a better book and we all win.
I’m no great chef, but that never stopped me from telling my best friend (who actually is a professional chef) when a dish needs a little more salt. Same thing.
You got me. Well said, I agree.
Have you looked at the “Uncle Eric” Books such as “Whatever Happened to Penny Candy?”
I have not — I’ll try to get one through my library.