2026-07-31
By Jean-Philippe Legault, Guest Contributor
In the short term, many factors can explain a stock’s price fluctuations. Quarterly earnings releases, press releases, analyst reports, announcements of increases or decreases in interest rates, sector momentum, fears, and rumors all influence a stock’s movement. And this list is far from exhaustive.
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2026-07-24
Money Is Not Created, It Moves
By Jean-Philippe Legault, Guest Contributor. A few days ago, during a discussion with a client...
2026-07-17
Continuation Funds
By Jean-Philippe Legault, Guest Contributor. Over the past several years, private equity...
2026-07-10
The Importance of Incentives
BY JEAN-PHILIPPE LEGAULT, GUEST CONTRIBUTOR. Last May, GameStop (GME) proposed acquiring eBay...
2026-07-03
Seven Books I Loved
This blog post is my last before the summer break. My colleagues, Jean-Philippe Legault and...
My current recommendation
By William Bernstein, 224 pages, 2009, Wiley
Bernstein, a neurologist by training turned finance expert, brings a rigorous, scientific perspective to investing. For him, success relies neither on the ability to predict the future nor on swinging for the fences, but on applying time-tested principles: diversification, risk reduction, and emotional discipline. An essential read for any investor who wants to build their strategy on solid foundations rather than illusions.
Publisher’s website
Recommended by Phillipe
By William Bernstein, 224 pages, 2009, Wiley
Bernstein, a neurologist by training turned finance expert, brings a rigorous, scientific perspective to investing. For him, success relies neither on the ability to predict the future nor on swinging for the fences, but on applying time-tested principles: diversification, risk reduction, and emotional discipline. An essential read for any investor who wants to build their strategy on solid foundations rather than illusions.
Publisher’s website
Recommended by Phillipe
By Zachary D. Carter, 656 pages, 2021, Random House Trade Paperbacks
This biography, written by a prominent journalist, paints a portrait of John Maynard Keynes — an economist and, above all, an anti-authoritarian thinker of the 20th century. This fascinating intellectual was one of the great influencers of his time, and his ideas still resonate in today’s economic world. This epic journey is recounted, analyzed, and explained in accessible prose, despite the occasional complexity of the subject. An essential reading for anyone wishing to better understand the interplay between markets, money, and economic policy — or simply to discover a figure who left his mark on financial history.
Publisher’s website
Recommended by Phillipe
By Michael Connelly, 400 pages, 2025, Little, Brown and Company
This author, whose books I devour, tackles a more than timely subject in this novel: artificial intelligence. This undisputed thriller master brings us into the world of AI and its potential excesses. As AI becomes entangled in the murder of a young woman and a lawsuit is filed against the AI company involved, an investigation full of twists and turns unfolds. A very tightly crafted story that, while written to entertain, nonetheless provokes reflection on issues that are becoming less and less hypothetical.
Publisher’s website
Recommended by Phillipe
By Robert B. Cialdini, 592 pages, 2021, Harper Business
This book, recommended by Charlie Munger several years ago, is a classic in the art of persuasion. The author, a respected scientist, lays out the principles of convincing others — but also of resisting attempts at influence. I even drew from it a blog series focused on the principles of this information-rich book. What one learns from it can be applied in both professional and personal spheres, which makes it doubly interesting.
Publisher’s website
Recommended by Phillipe
By Stefan Zweig, 258 pages, 2024, Plon
IN FRENCH ONLY
This book brings together texts written between 1909 and 1941. In today’s time, it feels especially important to revisit what unfolded in Europe during the 20th century—from the lead-up to the First World War to the events preceding the second. In these essays, Zweig passionately advocates for peace and a return to humanist values. A book our leaders should read.
