Heya Strawpeople,

This one is a shoutout to a fellow Aussie.

Yes it is a book about 'Trading' rather than 'Investing' however I found a lot of good learning applicable to both. It is also written for everyone to understand rather than getting too fancy.

EDIT: Helps when I put the book name in haha. Trading in a Nutshell by Stuart McPhee

Not a book on investing as such, but amazing for analysing your entire mindset, 'Four Thousand Weeks - Time Management for Mortals' by Oliver Burkeman. Chapter 14 'The Human Disease' has a section '5 Questions' which is really useful in application to investing as well as other parts of your life. Highly recommend, I found it life changing.

‘One Buck at a Time’ by Macon Brock would appeal to those who enjoyed 'Shoe Dog', all about Dollar Tree and how the founders got rich selling all their goods for $1 each. Going on buying trips to obscure places in India and China and sometimes finding items for 10c that other stores in the US were selling for $10!

Some other similar good ones:

‘My Fathers Business’ - Cal Turner  (Dollar General)

'Junk to Gold’ - Willis Johnson (Copart)

‘Built from Scratch’ - Bernie Marcus (Home Depot)

Aswath Damodaran 'The Dean of Valuation' has his 12th book out - The Corporate Life Cycle.

It's on my list but have not read it yet, audio available too.

I just went through these 2 podcasts with him discussing it - brilliant!

https://www.theinvestorspodcast.com/episodes/investing-across-the-life-cycle-aswath-damodaran/

https://www.youtube.com/watch?v=JMlAi0B-rlE

He's like a fine wine - just gets better with age, and you feel a lot wiser after consuming...

Legendary character.