At Daintree, we spend a lot of time reading for work. So what should we do over the holiday season…more reading of course. Below is part two providing you some of the books that are on our radar to try to tackle over the summer holiday season. Don’t forget to check out part 1!
Mark Mitchell, Director of Daintree Capital and Portfolio Manager of Daintree Core Income Trust.
Bad Blood : Secrets and Lies in a Silicon Valley Startup (John Carreyrou)
John Carreyrou is a two-time Pulitzer Prize-winning investigative journalist with The Wall Street Journal. In this book, Carreyrou goes inside the story of the breathtaking rise and shocking collapse of Theranos, the multibillion-dollar biotech startup, seen as the biggest corporate fraud since Enron. Theranos was a startup “unicorn” that promised to revolutionise the medical industry with a machine that would make blood testing significantly faster and easier.
Tools of the Titans (Tim Ferris)
Tim seems to have access to just about everyone at the moment. This book came out last year but just getting to it now.
I’d describe Tim as someone who filters through the noise to come up with life hacks that can actually make a difference in people’s lives.
I applaud that effort. There are much worst ways to spend your time. I’m looking forward to some useful tips. I can certainly use some tips.
A Raindrop in the Ocean: The Life of a Global Adventurer (Michael Dobbs- Higginson)
This book is a fast-paced, first person, account of the adventures of sarong-wearing, Buddhist-turned-banker Michael Dobbs-Higginson. From growing up in Zimbabwe to becoming Chairman of Merrill-Lynch’s Asian operations, his story is nothing short of remarkable and yet told in a very accessible and down-to-earth style.
The Dao of Capital: Austrian Investing in a Distorted World (Mark Spitznagel)
This book outlines the investing ethos of a successful hedge fund manager that is based on the Austrian school of economics. Resembling a very rigid form of value investing, Spitznagel shows how having substantial tail hedges in place at all times is well worth the cost, as the experience of the GFC showed (Spitznagel’s fund made positive returns over the period). Be prepared to have many of your investing beliefs challenged as the author introduces Austrian economics in a novel way.
Thanks for supporting Daintree in 2018. Wishing you a wonderful start to 2019!
MM
Mark Mitchell is a Director of Daintree Capital and Portfolio Manager of Daintree Core Income Trust. Daintree Capital is a specialist absolute return, fixed income investment manager. Find out more here.
This article is general in nature and is not considered investment advice. Please read our terms and conditions here.
