Post by Matt Moberg

Happy Holidays. As we enter 2026, we would like to share five of our favorite books we read in 2025. It may be a bit of a tough task to publish our favorite books given that reading for pleasure among American adults is down 40% in the past 20 years. In 2022, only 28% of men and 47% of women read a fiction book. We hope these trends reverse. Long-form reading, we believe, is not only an important part of our process but critical to investing, learning and being human. This is not intended to be a list of the best books of 2025 but rather a collection of books that made an impression on our team and helped us become better investors. #Innovation #Reading #LongTermThinking #Investing