With the winter to come predicted to be severe, it's a good time to lay in a stock of highly readable paper or e-books.
If you're on the hunt for books with the potential to change your worldview, the staff of Massachusetts Institute of Technology Investment Management Co., Cambridge, Mass., has compiled a book list that will keep you glued to the page, no matter how long you're snowed in.
MITIMCO's team, which manages MIT's $13.2 billion endowment, believes that “a powerful way to improve MIT's long-term returns is to build what we call "retained learnings.' Retained learnings are the lessons we have learned from the books we've read, the investors we interact with, the mistakes we make and our frequent debates,” according to its website.
The cleverly curated list of 22 books includes many that are not — ostensibly — about investment, such as “The Art of Learning: An Inner Journey to Optimal Performance” or “Creativity, Inc.: Overcoming the Unseen Forces That Stand in the Way of True Inspiration.”
Of “The Checklist Manifesto: How to Get Things Right,” the unnamed, self-labeled MITIMCO “sommelier” stresses, “We don't invest explicitly from a checklist, but in a complex world, this book helps you to appreciate the need to distill processes down to their essential parts.”
Use MITIMCO's Read section on its website to build a book stash that will last through March.