Investing basics1973
A Random Walk Down Wall Street
Burton G. Malkiel
Introduces efficient markets, asset bubbles, and why many investors are better served by passive strategies.
Mental models
Model 1
Use this model to understand the business before the ticker.
Model 2
Use this model to separate market price from economic value.
Model 3
Use this model to test the thesis against evidence.
Model 4
Use this model to build a process before committing capital.