I chose these books to address four themes that I think are valuable for successful investors. The first will help boost your optimism by viewing our progress as a society through a broader lens and a fresh perspective. The second will inspire you to be more effective when getting together with people to share ideas, investment or otherwise. The third, one of Warren Buffett’s all-time favorite investment books, will help you focus on the most effective attributes of a successful CEO. The last, by my favorite futurist, a local Boston VC, will expand your view on the real-life science fiction that is happening today in biology and genetics. Read more to see how these relate back to investing.
by Hans Rolling (April 2018)
“One of the most important books I’ve ever read―an indispensable guide to thinking clearly about the world.” – Bill Gates
If news or politics have you feeling stressed or anxious, Factfulness will provide an uplifting shot of context by zooming out and taking the pulse of human progress on a larger scale. In his book, Hans covers 16 terrible things that are on their way out and 16 wonderful things that are dramatically improving. There is good news in store for you in the data that Hans presents on topics like oil spills, the cost of solar energy, voting rights, literacy and more. It’s a useful counterbalance to the tiring daily news cycle and helps restore optimism. Optimists tend to do better in their investment portfolio because they are willing to take on more risks.
by Priya Parker (May 2018)
“Hosts of all kinds, this is a must-read!” –Chris Anderson, owner and curator of TED
Priya eloquently presents that there is an art and a science to effectively bringing people together. Whether it’s a meeting in an office, a corporate retreat, an investor’s lunch or a dinner party, intentional gathering will help create deeper and more meaningful connections. In a world increasingly addicted to meetings, this book is valuable for both hosts and attendees. At Osbon Capital, we have been rethinking our own gatherings to make them as intentional as possible.
by William N. Thorndike (October 2012)
“An outstanding book about CEOs who excelled at capital allocation.” — Warren Buffett
#1 on Warren Buffett’s Recommended Reading List, Berkshire Hathaway Annual Shareholder Letter, 2012
When investing in a CEO’s ability, look for the characteristics outlined in this book. While larger-than-life charismatic visionary type CEOs get the headlines and the hype, it turns out that CEOs who are pragmatic, flexible, opportunistic, frugal and patient produce the strongest results. The Outsiders hatched from a Harvard research project that studied the quiet lives of some of the most successful leaders that you’ve never heard of. This is a must-read for any professional investor.
by Juan Enriquez and Steve Gullans (November 2016)
“We are going from evolution by natural selection to evolution by human design. The game has changed, and this book provides the new rules of engagement.” – Peter Diamandis
Juan Enriquez’s TED talks are some of my all-time favorites. His book tracing the exponential progress we are seeing today in gene editing and biotechnology reads like real-life science fiction. This story covers accelerating trends in autism and asthma; how to dramatically increase life spans; ethical questions around designer babies; de-extinction; and the possibility of creating an entirely new species from scratch. It’s useful for any investor looking to stretch the boundaries of their imagination when it comes to innovation.
This communication may include forward-looking statements. All statements other than statements of historical fact are forward-looking statements (including words such as “believe,” “estimate,” “anticipate,” “may,” “will,” “should,” and “expect”). Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct. Various factors could cause actual results or performance to differ materially from those discussed in such forward-looking statements.”
“Historical performance is not indicative of future results. The investment return will fluctuate with market conditions.
Past performance is not indicative of any specific investment or future results. Views regarding the economy, securities markets or other specialized areas, like all predictors of future events, cannot be guaranteed to be accurate and may result in economic loss to the investor.
Investment strategies, philosophies, allocations and holdings are subject to change without prior notice.
This communication is intended to provide general information only and should not be construed as an offer of specifically tailored individualized advice.
While the Adviser believes the outside data sources cited to be credible, it has not independently verified the correctness of any of their inputs or calculations and, therefore, does not warranty the accuracy of any third-party sources or information.
Adviser does not endorse the statements, services or performance of any third-party vendor.
Unless stated otherwise, any mention of specific securities or investments is for hypothetical and illustrative purposes only. Adviser’s clients may or may not hold the securities discussed in their portfolios. Adviser makes no representations that any of the securities discussed have been or will be profitable.
Any IPO alerts are purely informational and should not be construed as recommendations to invest.
Any case studies or hypothetical client profiles are for demonstration purposes only. They illustrate the breadth and depth of the many clients we represent at various life stages. Any similarities to actual Adviser’s clients past or present are strictly coincidental. Individual advice and results will vary based on each client’s circumstances, objectives and prevailing economic conditions.