Recently, I've been asked a number of times about what books I'm reading or podcasts I'm listening to. I have typed them up and published them online here, but thought it might be useful to also reference them as a blog post as well.

My favourite books are mostly about business, and most viewed through the prism of "value investing", or buying assets cheaper than their intrinsic worth. Value investing was "invented" by Dr Benjamin Graham, a noted investor but also famous for being the Professor of the University of Columbia's School of Business that taught Warren Buffett. Others on the list are about behaviour - optimising the size of the investment for risk, contrarian investing (also put as "zigging while others zag"), as well as more recent metrics focused books.

Here they are:

Books (all links go the book's page on Amazon.com)

• The Intelligent Investor - Ben Graham. Dr Benjamin Graham is known as the father of "Value Investing", and is also famous for being Warren Buffett's professor at the University of Columbia's School of Business
• The Dhandho Investor - Monish Pabrai. Pabrai is a Warren Buffett disciple who writes about the Kelly Criterion - how big the bet should be when investing.
• One up on Wall Street - Peter Lynch. I found this a very good common-sense approach to investing by the man who led the significant outperformance of the Fidelity Magellan funds in the 1970s and 1980s.
• The Zulu Principle - Jim Slater. This book is about becoming a specialist in a certain area, and homing in on that area of expertise.
• Tap Dancing to Work - Warren Buffett. There are many great books about Warren Buffett, but this one is one of the best, unsurprisingly, because it is written by  a long time friend of Buffett, Carol Loomis.
• The Acquirer’s Multiple - Tobias Carlisle. A great book book that examines the methodology of famous value investors like David Einhorn, Warren Buffett and Carl Icahn. Carlisle's other book Deep Value is also an excellent read, extensively mentioning the success of New Zealand's own Sir Ron Brierley.
• Extraordinary Popular Delusions and the Madness of crowds - Charles Mackay. Mackay examines various economic bubbles, such as the infamous Tulipmania, various gold rush bubbles and more.
• The Little Book that still beats the markets - Joel Greenblatt. This is an excellent book based on “The Magic Formula", a set of metrics which recommend buying above average companies at a cheap price).

​Podcasts (all links to Apple Podcasts)

• Masters in Business - Barry Ritholtz
• Animal Spirits - Michael Batnick and Ben Carlson
• A16Z - Andreesen Horowitz
• The Meb Faber show - Meb Faber

​First posted on Facebook, 18 October 2018

Given recent political news over “the Cathedral Club”, I’d like to note that it was an informal pay-your-own-way dinner club that started in 2001, comprised of a small group of Young Nats and old friends from university days. It met in the Cathedral Room of the old Auckland Club, which had pictures of NZ churches and cathedrals on the wall. I know this because I was a regular dinner attendee and one of the organisers. The last dinner was probably around 2008. 

I was one of the larger individual investors in Hellaby Holdings when the company received a takeover offer from Bapcor Holdings, an Australian autoparts company. The initial offer was met with a lukewarm response by most investors as well as the board of Hellaby. As an activist investor, I engaged publicly to put pressure on an increase by Bapcor for their buyout offer, which duly happened in January of 2017. Bapcor's second offer was met with support by myself and other shareholders, successfully buying Hellaby Holdings.

This is the post I made on LinkedIn at the time, which was duly picked up by NZ business reporters.
​

This opinion piece was originally published on the NZ Herald on 30 January 2013.

As a shareholder in Ryman Healthcare, I'd like to respond to Sue Kedgley's opinion piece regarding wage levels in the retirement sector.
She has implied Ryman Healthcare's excellent profitability is a reason why wages in the retirement sector are low for caregivers, and that shareholders should ask about improving wages in this sector.