Mark Slater recommends The Outsiders by William N. Thorndike

“This is an excellent book that studies the record of a handful of outstanding US CEOs who combined the ability to manage their businesses with the ability to allocate capital effectively. Sadly, most CEOs are not good at allocating capital and do not understand how to deal with leverage, stock issuance and share buybacks. I’d also recommend Damn Right by Janet Lowe, which is a must read. It’s a biography of Charlie Munger, Warren Buffett’s business partner – very entertaining and instructive.”

Mark Slater is the cofounder of Slater Investments

Bryn Jones recommends Credit by Justin McGowan and Duncan Sankey

“This is written by two industry stalwarts. Like opening a can of sardines, it lifts the lid on credit analysis. I’ve found it great at defining corporate governance, looking for holes in corporate structures, and breaking down typical numeric analysis with an element of qualitative analysis (using your judgement to assess management teams, for example). This book is great for those that have a light touch understanding of corporate credit but want something to take them deeper into what makes it all tick.”

Bryn Jones is the co-manager of Rathbones’ Ethical Bond fund

Anthony Cross recommends Winners and How They Succeed by Alastair Campbell

“I have been greatly enjoying this of late. Campbell played a pivotal role in Tony Blair’s government and has an absolute passion for sport, and this has allowed him to observe closely the behaviour of people who are striving for success. The book is peppered with examples and interesting anecdotes, and observations on the critical need for clarity in thinking, resilience and the importance of separating out objectives from strategy and tactics. His examples of leadership span sports, politics, business and finish with Queen.”

Anthony Cross is the co-manager of Liontrust’s UK Smaller Companies, Special Situations and UK Growth funds

Daniel Mahony recommends The Patient Will See You Now by Eric Topol

“This book, written by a top US physician, outlines the coming digital revolution – some might call it disruption – in healthcare. In the not too distant future, computers will replace professionals for many diagnostic tasks – and we’ll use mobile technology to monitor our health, receive diagnoses without needing to see a doctor, and much more. This is a major democratic revolution on the near-horizon, and it presents challenges and opportunities for all who invest in the healthcare sector. If you do, you should get yourself a copy immediately.”

 Daniel Mahoney is the co-manager of Polar Capital’s Healthcare Opportunities and Healthcare Blue Chip funds

 James Horniman recommends Poor Economics, by Abhijit V. Banerjee and Esther Duflo

“This books focuses on the world’s poorest, and serves to remind us about some of the issues in global economics which go beyond the scope and day-to-day focus of investment markets. It’s stuck with me since it was published four years ago. It’s a serious book but very readable, enlightening and possesses a moral edge which resonates with the mood of reflection created by getting away from it all. A more ‘fun’ choice would be the classic Freakonomics series by Stephen Dubner and Steven Levitt. They look at real-world economics from original angles, light-hearted in tone but carrying some serious and interesting messages that challenge conventional wisdom.”

James Horniman is a partner at James Hambro and Partners

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