MN
Mike Novogratz

American businessman

Recorded said elsewhere, not written here
There’s one book that I’ve given 40 copies away probably. And it’s called Reminiscence of a Stock Operator. And for anyone who wants to be a trader or an investor, this is the Bible. It was written in 1932 by a guy who was, at that time, maybe the world’s greatest speculator. Jesse Livermore is the fictional character. And what’s crazy about it is you can read it today in 2020, and it literally is still the Bible. And so every great trader annotates it, tears pages out of it. I used to be able to tell when people would come to interview to work and they’d say, “I really, all I care about is trading.” And I was like, “Well, tell me two books you’ve read about trading.” “Oh, I haven’t read any books.” And I was like, “Okay, here’s a book. Go read it and come back when you’ve read it. But you’re not getting a job, because you lied. Because you lied to me because you really didn’t care that much about trading if you’ve never read a book on it.” But that’s the book. And there’s a terrible anecdote or afterword to it is that two years after he wrote the book, the guy committed suicide because he just couldn’t take the — he lost his fortune yet again. But he put every rule that you need to — you know, the discipline side of it is all in that book. And it’s a quick read; you can read it in three hours.

Tim Ferriss, The Tim Ferriss Show podcast, 8 August 2020 source ↗

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Malcolm Gladwell Staff writer at The New Yorker; author of The Tipping Point and Outliers
There’s one book I’ve given the most in my life, which is a book called – well, there are several now that I think about it. There’s a book by Timothy Wilson called Strangers to Ourselves , which is one of the loveliest, most insightful books about social psychology that I ever read. And I give that a lot to people. And every time I meet, and really, I’m always meeting people who work in retail, particularly I always send them, particularly if they’re Jewish, I send them a book called The Merchant Princes . It’s a book about the great Jewish retail families of America. So in the 19th century, all of these people come over from Europe who have experience in the garment trade or retailing. And an extraordinary number of the early 20th century/late 19th century department stores pop up around America are founded by Jewish immigrants from Europe from, literally, you go to any town in America, the traditional department store is from one of those families. Well, a guy, and I’ve forgotten his name, wrote a book about those families, and it’s called The Merchant Princes , and it’s fantastic.
Recorded Tim Ferriss, The Tim Ferriss Show podcast, 1 June 2018 source ↗
Navdeep Chandel Professor of medicine and cell biology at Northwestern University
I usually like to give, at least younger people, Siddhartha by Hermann Hesse. Tim Ferriss: Why is that? Navdeep Chandel: It’s a nice book about a journey of an evolution of a young man into an adult. That transition, I still struggle with, so it’s a good read all the time. Tim Ferriss: It’s a short book, too. Navdeep Chandel: That’s the real key. It could use a few more pictures, but generally it’s – Tim Ferriss: For those people listening, Siddhartha is probably in the top five or six most frequently given answers to this question. Josh Waitzkin, Naval Ravikant – there is a pretty long list. For those who haven’t read it, I think that is a – David Sabatini: So it’s not original, then. Tim Ferriss: It’s a classic. Navdeep Chandel: I’ve actually read it maybe 25 years ago and it struck – but I come from that world anyway. So maybe I was programmed a little bit. For me, the experience is more important than the end goal and I think that’s one of the messages of that book. You collect experiences rather than objects and other things. It’s about the journey and the experience rather than plowing through it and getting to the end. Tim Ferriss: The so-called objective
Recorded Tim Ferriss, The Tim Ferriss Show podcast, 5 June 2018 source ↗
Nick Kokonas American restaurant executive and author
I named one of them already. Fooled by Randomness . Almost everyone in my office is forced to read that. I’ve definitely given that away. Boy, that’s a tricky one because just like I said, I can’t remember books very well. But certainly probably No. 1 on a business side of things. On the other side, I tend to give away what I would call vintage art books. So, it’s not a book people can buy, I’m sorry to say, but occasionally I’ll be at a used book store and I’ll find some of these great old art books. I buy a few of them and then when I want to thank someone for something, I send them that.
Recorded Tim Ferriss, The Tim Ferriss Show podcast, 22 October 2018 source ↗
Liz Lambert Hotelier; founder of Bunkhouse Group
I love that you asked that question that way because it really puts it in a different perspective. It’s like not what your favorite book is, it’s what you’ve given as a gift, which I thought about a little bit this morning. And it’s so clear. I have an immediate answer, and then, I had to think why did I do that. But I think, when I was younger, and still to this day, I sometimes gift a book of poetry by Adriane Rich called A Dream of Common Language , which was a book she wrote in the late ‘70s. And she’s a poet that – I was trying to think why was that book so important to me. And it’s really funny. When I read Cheryl Strayed’s Wild that was one of the books that was most important to her that she had as she hiked the Pacific Rim. Tim Ferriss: That’s right. I totally forgot about that. Liz Lambert: Yeah. I gift a lot Slouching Towards Bethlehem , a book by Joan Didion, which is a collection of essays that I love that book so much. It is a lot about the kind of writing Joan Didion is doing. And those essays are both of the time. There’s one that’s about John Wayne, about California. But there’s also this collection of personal essays she does. One is called On Keeping a Notebook that I go back to again and again, and I share a lot. Tim Ferriss: On Keeping a Notebook
Recorded Tim Ferriss, The Tim Ferriss Show podcast, 26 June 2018 source ↗

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