Post-war Iceland had major resource shortages, but they had plenty of paper. They could have as many books as they wanted, but the population wasn’t large enough to sustain a year round publishing rota.

A puppetmeister in the industry came up with the notion of timing a Yule Book Flood where Icelanders give books to each other on Christmas Eve. It has now become a Icelandic tradition to gift your loved ones a book each on December 24th and spend the evening curled up with the books you have received in turn. You can read more about Icelandic Christmas traditions from my friend Sigrun.

As a Christmas Eve investing  Jólabókaflóð (Yule Book Flood) please see a list of my favourite  investing books that you don’t need a doctorate in Finance to read….

  1. One Up On Wall Street: How To Use What You Already Know To Make Money In The Market
    Lynch, Peter

  2. The Most Important Thing: Uncommon Sense for the Thoughtful Investor: Uncommon Sense for Thoughtful Investors 
    Marks, Howard

  3. Women of The Street: Why Female Money Managers Generate Higher Returns (and How You Can Too)
    Jones, Meredith A.

  4. The Education of a Value Investor
    Guy Spier

  5. The Manual of Ideas: The Proven Framework for Finding the Best Value Investments
    Mihaljevic, John

  6. The Ivy Portfolio: How to Invest Like the Top Endowments and Avoid Bear Markets
    Faber, Mebane T.

  7. The Little Book That Builds Wealth: The Knock-out Formula for Finding Great Investments 
    Dorsey, Pat

  8. Investing Demystified: How to Invest Without Speculation and Sleepless Nights
    Kroijer, Lars

  9. Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
    William N. Thorndike

  10. Trade Like Warren Buffett 
    Altucher, James

  11. The Little Book That Still Beats the Market: Your Safe Haven in Good Times or Bad
    Greenblatt, Joel

  12. You Can be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits
    Greenblatt, Joel

  13. The Art of Value Investing: How the World's Best Investors Beat the Market
    Heins, John

  14. 100 to 1 in the Stock Market: A Distinguished Security Analyst Tells How to Make More of Your Investment Opportunities
    Phelps, Thomas William

  15. There's Always Something to Do: The Peter Cundill Investment Approach
    Christopher Risso-Gill

  16. Simple But Not Easy: An Autobiographical and Biased Book About Investing
    Oldfield Richard

  17. The Value Investors: Lessons from the World's Top Fund Managers
    Ronald Chan, Bruce C. N. Greenwald

  18. The Clash of the Cultures: Investment vs. Speculation
    John C. Bogle, Arthur Levitt

  19. The Little Book of Behavioral Investing: How Not to be Your Own Worst Enemy
    James Montier

  20. Common Stocks and Uncommon Profits and Other Writing
    Philip A. Fisher, Kenneth L. Fisher

  21. Free Capital: How 12 private investors made millions in the stock market
    Thomas Guy

  22. The Snowball: Warren Buffett and the Business of Life
    Alice Schroeder

  23. The Essays of Warren Buffett: Lessons for Investors and Managers
    Lawrence A. Cunningham

  24. Warren Buffett Invests Like a Girl: And Why You Should Too
    Motley Fool, Louann Lofton

  25. The Dhandho Investor: The Low Risk Value Method to High Returns
    Mohnish Pabrai

Wishing you all the best for Christmas and the challenges ahead…