magazine archive

magazine archive

Book reviews

Seasoned investor warns of an end to the ‘everything bubble’

Thursday 23 Dec 2021

No Christmas story would be complete without a Scrooge character, and this year Alasdair Nairn, co-founder and chief executive of fund management firm Edinburgh Partners, has donned the mantle. In The End of the Everything Bubble , Nairn explains why he believes $75 trillion of investor wealth is...

Terry Smith on lessons learnt in his first 10 years at Fundsmith

Wednesday 23 Dec 2020

In a neat play on words, analyst turned investment chief turned fund management guru Terry Smith has published a collection of newspaper articles and shareholder letters from 2010 to 2020 under the title Investing for Growth , echoing that of his 1992 book on corporate shenanigans, Accounting for...

This book can help you avoid potential stock disasters

Thursday 17 Dec 2020

There is no shortage of books on how to be a better investor – a fair selection of them have been reviewed by Shares – but there are precious few guides on how to spot corporate misdoing and save yourself from losing money when a company collapses. Former AAA-rated New Star and Artemis fund manager...

Why you should understand 'behavioural investing'

Thursday 23 Apr 2020

According to the ‘efficient market theory’, at any given point in time share prices should reflect all the information available to investors and therefore stocks should always trade at their fair value. If the theory is correct, it should be impossible for investors to buy undervalued stocks or...

Investment book ideas for Christmas

Thursday 12 Dec 2019

Are you looking for Christmas ideas for family and friends? Here are three cracking books that will help anyone serious about investing and living a better life. They are thought-provoking and all-round fascinating books. ‘The end of indexing’ by Niels Jensen Fund manager Jensen argues that six...

Investing is ‘simple but not easy’, says expert

Thursday 17 Oct 2019

Like Howard Marks, the author of The Most Important Thing , Richard Oldfield is a highly-experienced value investor who after a long career in institutional asset management now runs his own firm managing money on behalf of families, trusts, charities and pension funds. Also like Marx, Oldfield...

A glimpse inside the mind of fascinating investor Howard Marks

Thursday 05 Sep 2019

Howard Marks is an American investor and author who has come to be viewed as something of a ‘sage’ in recent years. His name is often mentioned in the same reverential tones as Warren Buffett, who describes The Most Important Thing on the jacket as ‘that rarity, a useful book’. Buffett also admits...

Super crunching sweeps the business world

Thursday 18 Jul 2019

In a break from reviewing ‘self-help’ books on investing and market histories, this month we look at a New York Times bestseller which investigates the use of big data, regressions and randomisations to solve puzzles. If you’ve ever watched Who wants to be a millionaire? you may have noticed that ‘...

Revisiting a classic book on investment bubbles

Thursday 30 May 2019

Listed by the Financial Times as one of the 10 best books ever written on investment, Charles Mackay’s study of how manias start, develop and eventually pass is as relevant today as it was nearly 170 years ago. In his own words, Extraordinary Popular Delusions and the Madness of Crowds is ‘a...

The bestseller from Fundsmith’s boss still packs a punch

Thursday 18 Apr 2019

Back in the early 1990s, stockbroking firm UBS Phillips & Drew published a controversial research report titled ‘Accounting for Growth’. The report’s co-authors were Richard Hannah, the shipping and transport analyst, and Terry Smith – who at the time was head of UK company research but is now...