Michael Gorman

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HEDGE FUND READING LIST: Hundreds of investors say these 10 finance books are must-reads

GuilhermeMesquita/Shutterstock SumZero, a social network for buyside investors, asked its members to share their favorite investment books in their user profiles.<p>The list is based on 1,120 responses, and ranked from least to most recommended. You can consider it a hedge fund reading list.<p>The books …

The incredible life and career of Warren Buffett, the billionaire every investor looks to for inspiration

The document draws huge interest in the financial world, even among those who don't have a stake in Berkshire Hathaway or its investments. Business Insider will cover it, and you can check back on Saturday for updates.<p>Typically, readers pays close attention to Buffett's thoughts on the economy and …

The Case Against 'Maximizing Shareholder Value'

Bloomberg View writer Joe Nocera talks with NPR's Scott Simon about what happened when American Airlines gave its employees a raise — and Wall Street complained.<p>Transcript<p>SCOTT SIMON, HOST:<p>The management of American Airlines recently decided to give pilots and flight attendants a small raise to …

Wall Street

Warren Buffett explains why a good business is one 'your idiot nephew' could run

Steve Jobs and Apple, Mark Zuckerberg and Facebook, and Jeff Bezos and Amazon. It's hard to separate the man from the operation.<p>However, investing in a company simply based on its leadership might not be the best strategy, according to Warren Buffett.<p>Rather, as he said in an interview with the …

Here's how badly Warren Buffett has crushed the market

The Berkshire Hathaway 2017 Annual Shareholders Meeting kicks off on Saturday May 6, and to mark the occasion, we looked at how Warren Buffett has stacked up against the broader stock market since he bought the then-failing namesake textile company in 1964.<p>Business Insider compared the historical …