Chase Coleman Recommended Reading List
Chase Coleman, owner of the tech focused hedge fund Tiger Global Management for more than 20 years, investment firm that made some market-beating track record.
He serves as portfolio manager for both the public and private equity businesses. The public equity business, which includes long and long/short investment strategies, was started in March 2001 and takes a fundamentally oriented, long-term investment approach to high-quality companies that benefit from powerful secular growth. The private equity business, which was launched in 2003, has invested in hundreds of companies across more than 30 countries,
Prior to founding Tiger Global, Chase was a Partner at Tiger Management LLC, which he joined as a research analyst in 1997. With such experience and knowledge, he recommends us some books that you can find at the links below. Some of the links are affiliates, and I may earn a small commission when you make a purchase through them at no additional cost to you.
Here is the Chase Coleman recommended reading list:
The Art of Short Selling by Kathryn Staley
The first book by Chase Coleman will teach you with examples and instructions to how successfully short a stock and why it should be shorted. The book is recommended by many short selling professionals. However, the book is quite dated and could use a refresh.
If you are interested on how to value a stock to short it, read this book, it will teach you about many investment scams and valuable tecnhniques on how to perfom it successfully.
Financial Shenanigans: How to Detect Accounting Gimmicks by Howard Schilit
To broader your financial knowledge and get to know pattern in different accounting schemes, this is book to read. It will explain to you that all major accounting frauds you ever heard. This is far and away the best source available for a real understanding of how these financial frauds actually work. The book will provide you with understanding to how to look for the evidence and recognize a fraud.
Quite interesting book about boring stuff. The book is a good read for someone with enough education to be literate in financial statements but not enough to forensically analyse them.
One Up On Wall Street by Peter Lynch
Peter Lynch, legendary money manager will in easy to read and humorous tone explain his own strategies for investing and offer advice for how to pick stocks and mutual funds to assemble a successful investment portfolio.
The book will tell you how to invest with knowledge you already have. It doesn’t have to be hard, take long hours, or special skills. Look at the products you already use. Companies you already know. The book will explain how to do it in more detail.
The Warren Buffett Way: 3rd Edition by Robert Hagstrom
As the title says, this book is about our value investing legend, Warren Buffet. Not to lengthen much, this book helps you to see and delve into the ways into which Buffett processes his investments but also shows how his upbringing, mentors and experiences has helped him in his investment endeavors and the investment choices.
I would highly recommend this book to anyone, regardless of their level of experience, even if you aren’t interested in stock market. A very easy read and well organized book from which you can learn a lot.
The Intelligent Investor by Benjamin Graham
I honestly think this is the best investment book ever written. And I am not the only one. Warren Buffet thinks that also. And it is first on the recommended reading list of Chase Coleman.
If you want to be a good investor, this book is a must. Don’t have the money to buy it? Borrow it at your nearest library.
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”Benjamin Graham, The Intelligent Investor
You will find all sorts of quotes, and some of them will make you think and rethink. The book is not easy to read, people study it for months or even years, but when you finally understand it, a new world will open up to you – the world of investing.
The Security Analysis By Benjamin Graham – 1951 Edition
Along with the book The Intelligent Investor, Chase Coleman also recommends the book Security Analysis by the same author, Benjamin Graham. Both books go hand in hand for those who want to learn value investing.
Although The Intelligent Investor is a better-known book, for those looking to deepen their knowledge of value investing strategies, Security Analysis is a must-read.
To be honest, this is a fat book with a lot of information to chew on, as with Graham’s other book. It’s not the easiest to understand. But once you understand, you will be at an advantage over other investors.
You may have noticed this is a 1951 version. The reason is that there are differences in newer available versions, and the current version has a lot of non-Graham-like stuff in it.
Common Stock and Uncommon Profits by Philip Fisher
Chase Coleman also recommends the book Common Stock and Uncommon by Philip Fisher, great investor. In short, Philip will share with you his techniques that even Warren Buffet uses in his investment decisions. The book is also not hard to read, I recommend it to everyone.
“I am an eager reader of whatever Phil has to say, and I recommend him to you.”Warren Buffett
Winning the Loser’s Game: Timeless Strategies for Successful Investing by Charles Ellis
Short, super easy to read, it will teach you how to create a powerful investing strategy that generates solid profits year after year. The book focuses on passive investing, but also explains psychology and operational limits of actively managed funds, and other related topics.
The scope of the book is not that wide and therefore, if you want to learn more about why you should invest more passively, then I would definitely recommend this book. However, for someone who is experienced and familiar with this topic, reading this book may not be necessary.
Built to Last: Successful Habits of Visionary Companies by Collins & Porras
If you plan to own a business or just want to understand something more about businesses, than this book is a must. This book will teach you something more about great businesses.
The book can be applicable to anyone in any field who is looking for lasting success within its organization. Highly recommend this book to anyone. You’ll also learn a lot about how to build a culture of empowerment for your employees. The only thing I would like this book to have is some kind of exercises that readers can practice the acquired knowledge.
Against the Gods by Peter Bernstein
Interesting book about evolution of numbers as we use them today. The book follows the development of modern elementary mathematics, probability, distribution, risk management, game theory, human behaviour and ends with an overview of the role of risk in financial instruments.
If you want to get more familiar with risk management, then this book is for you. Interestingly, you can use this skill in almost all fields of life. I can say this book changed my view on life and I am sure it will impact yours too.
“Ambitious and readable . . . an engaging introduction to the oddsmakers, whom Bernstein regards as true humanists helping to release mankind from the choke holds of superstition and fatalism.”The New York Times
Investing in yourself is the best investment you can make. This is something that shares the common opinion of all Superinvestors precisely because they know how valuable knowledge is.
Building your knowledge is the fastest and easiest way to improve your life and wealth.
Chase Coleman knew this from early on. He spent his time learning and practicing skills in investing. Shortly after that process, he predicted the 2007 crash and made millions on the collapse of the banks.
This inspirational story is something that has caught the attention of a large number of investors, who now want to follow in his footsteps to success.
Don’t Have Time to Read? Try Audiobooks
When I first started reading, I struggled with finding time to read, but then I tried to audiobooks. It changed my life. Try it, maybe you’re an audible guy too. The biggest advantage is that you can perform repetitive daily tasks (driving a car, exercising, housework) and learn a mountain of new information through audiobook.
I can say that I have tried a lot of audiobook apps and Audible is my favorite. In addition to having almost all books in its library, it is also the most developed app (for example, you can determine the exact listening speed, track the listening time, conquer various achievements, etc.). In short, a very exciting and useful application, but it also has a higher price than other competitors, for me it is worth every penny.
However, Amazon is currently offering a promo where you get three months of Audible Premium in a free trial. You get one credit per month (read: one book per month) with this free trial, and will have to pay for new books you want to listen to in each month.
Another interesting solution is Scribd. Audiobook app that costs a bit less, but also has fewer books available. Many times I couldn’t find the book I wanted, but when I found it, the service was pretty good. Anyway, The biggest advantage is that you can listen to as many book as you like (you don’t have pay extra for new books).
So, if you want cheaper option than Audible, less features, read more books per month and not pay extra, then Scribd might be good solution for you. Currently, Scribd is offering two months free.