
Influence: The Psychology of Persuasion
Robert Cialdini · 1984
Six universal principles of persuasion: reciprocity, commitment, social proof, authority, liking, and scarcity. Ostensibly about marketing, but the implications for investing are enormous. Every bubble is social proof in action. Every pump-and-dump exploits authority and scarcity. Munger considers it essential reading for understanding why markets behave the way they do.
Business & Investing · the Pro canon
The case for it, the case against, and the rest of the canon open with Pro.