How to Find Quality Businesses

In this special episode, we speak with Mark Gandy about our favorite investing books. Mark is the host of The CFO Bookshelf podcast and a consultant helping CEOs and CFOs with business development and financial modeling. We discuss books that can help you understand financial statements, evaluate management, and judge the quality of a business.

For more info about the podcast, go to the episode page and make sure to follow us on Twitter. We love to hear your thoughts on what you like and what we can improve, so please give us your rating and a review. You're also very welcome to tell us about great authors, books, and investors you want to hear on the show. Thank you! /Eddie & Niklas with team

This episode was recorded on January 3, 2023.

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Episode Chapters

(00:00) Intro by Eddie & Niklas

(00:52) The start of our conversation

(01:26) Eddie, Niklas, and Mark

(03:08) How our passion for investing books started

(06:42) How we find guests for the podcast

(09:53) The value of investment books

(14:36) The investment book list

(30:41) The best books on Buffett

(35:07) Book recommendations for someone who is new to investing

(46:30) Books for understanding financial statements

(51:35) The people aspect of evaluating a business

(53:38) The last book

(01:02:19) About Redeye and Investing by the Books

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Books Mentioned

• The Intelligent Investor - Benjamin Graham
• Security Analysis - Benjamin Graham and David L. Dodd
• One Up on Wall Street - Peter Lynch
• Beating the Street - Peter Lynch
• Quality First Investing - Björn Fahlén
• The Investment Checklist - Micheal Shearn
• Once in Golconda - John Brooks
• Business Adventures - John Brooks
• The Go-Go Years - John Brooks
• Against the Gods - Peter L. Bernstein
• Fooled by Randomness - Nassim Nicholas Taleb
• Poor Charlie’s Almanack - Peter D. Kaufman
• Damn Right! - Janet Lowe
• The Snowball - Alice Schroeder
• The Warren Buffett Way - Robert G. Hagstrom
• The Making of an American Capitalist - Roger Lowenstein
• The Most Important Thing - Howard Marks
• Millionaire Teacher - Andrew Hallman
• The Little Book that Builds Wealth - Pat Dorsey
• Investors Manual - NAIC
• Investment Biker - Jim Rogers
• The Education of a Value Investor - Guy Spier
• Financial Shenanigans - Howard Schilit
• The Interpretation of Financial Statements - Benjamin Graham
• Warren Buffett and the Interpretation of Financial Statements - David Clark and Mary Buffett
• The Black Swan - Nassim Nicholas Taleb
• A Random Walk Down Wall Street - Burton G. Malkiel
• The Outsiders - William Thorndike
• Thinking, Fast and Slow - Daniel Kahneman
• Influence - Robert Cialdini
• The Complete Financial History of Berkshire Hathaway - Adam Mead
• The Five Keys to Value Investing - Dennis Jean-Jacques
• 100 Baggers - Chris Mayers

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Other resources

• Berkshire Hathaway’s annual shareholder letters
• Howard Marks’ memos

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More on Mark

• Twitter
• Website

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About the Podcast

Intro episode: https://www.redeye.se/podcast/investing-by-the-books/817383/0-intro-to-investing-by-the-books

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What is Investing by the Books?

Investing by the Books was founded by Henrik Andersson, Bo Börtemark, Mats Larsson and Michael Persson. It has published hundreds of book reviews in the past 10 years and operates on a non-profit basis.

Visit the website: http://www.investingbythebooks.com/

Follow on Twitter: https://twitter.com/Investbythebook

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What is Redeye?

Redeye is a research-centered boutique investment bank from Stockholm. Founded in 1999, Redeye cultivates investors through timeless knowledge, a humble attitude, and a strong focus on quality.

Visit the website: https://www.redeye.se/

Follow on Twitter: https://twitter.com/Redeye_

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Disclaimer

Notice that the content in this podcast is not, and shall not be construed as investment advice. This information is meant to be informative and for general purposes only. For full disclaimer, visit Redeye.se