Intel · Library
The Closelook Library
The works of financial literature worth knowing, condensed to what you can use: the core thesis in three minutes, one infographic, the formulas, the tools — and for each book an Applied Pack (Excel + Python) you can download with a free membership. Own words throughout; for the full argument we always link to the original.
Risk Architecture & Market Regimes
Fortune's Formula
The story of the Kelly criterion — the formula that turns edge and odds into an exact position size. Bet more and you eventually go broke faster than you compound; bet less and you leave growth on the table.
↓ Kelly Applied Pack — free members
Technology Evolution & Disruption
Technological Revolutions and Financial Capital
Perez's claim: every technological revolution runs the same financial script — installation, frenzy, crash, then the golden age. The question that matters for capital is not whether the technology is real, but which phase you are standing in.
↓ Perez Applied Pack — free members
Information Theory & Network Economics
The Information
Gleick's history of information theory lands on one operational idea for investors: information is measured by surprise, not by volume — and almost everything a market feed delivers is volume.
↓ Gleick Applied Pack — free members
Systematic & Quantitative Valuation
The Intelligent Investor
Graham's central claim in one line: returns are made at the moment of purchase, by paying less than a business is worth. The margin of safety is a number, not a mood — and it can be computed.
↓ Graham Applied Pack — free members
Systematic & Quantitative Valuation
The Little Book That Still Beats the Market
Greenblatt compresses value investing into two numbers: how cheap a business is (earnings yield) and how good it is (return on capital). Rank on both, buy the best combined ranks, repeat mechanically.
↓ Greenblatt Applied Pack — free members
Behavioral Finance & Microstructure
Thinking, Fast and Slow
Kahneman's map of the two systems that produce every trading decision: a fast one that answers instantly with a biased guess, and a slow one that could check the guess but usually doesn't. The edge is in forcing the check.
↓ Kahneman Applied Pack — free members
Risk Architecture & Market RegimesMETHOD
Trend Following (Time-Series Momentum)
The most openly documented hedge-fund method there is: go with the sign of the trailing trend, size by inverse volatility, rebalance monthly. A century of public evidence, and simple enough to run as software on your own data.
↓ Trend System Pack — free members
In production
The launch plan runs to 25 works across five clusters, then continues weekly. Next up, in no fixed order:
Systematic & Quantitative Valuation
- Value Investing: From Graham to Buffett and Beyond
- Expected Returns
- Quantitative Value
Risk Architecture & Market Regimes
- The Black Swan
- Antifragile
- Adaptive Markets
- Principles
Technology Evolution & Disruption
- The Innovator's Dilemma
- Crossing the Chasm
- Modern Monopolies
- Zero to One
Behavioral Finance & Microstructure
- Misbehaving
- The Hour Between Dog and Wolf
- Trading and Exchanges
- The Alchemy of Finance
Information Theory & Network Economics
- Information Rules
- Scale
- A Random Walk Down Wall Street
- The Master Algorithm
Closelook publishes a market diary, not investment advice. Library reads are educational summaries in our own words — facts and formulas are free; the author's prose belongs to the author.