Reading List

Traffic

By Tom Vanderbilt

7 Page Points

Have you ever been stuck in a long commute home, ▶️gas-brake-honk▶️, and thought, “I can’t wait to get home and read all about traffic”? OK, probably not. But Tom Vanderbilt’s 2008 book takes us through the surprisingly intriguing world of traffic and how we get around—and yes, it really is fascinating.

While traffic is undeniably frustrating, our daily automotive grind touches every part of society. Economy: building wider roads actually causes MORE traffic (induced demand). Psychology: the feeling of control over our automobile lowers our sense of risk—a key insight that transfers directly to investing behavior. Sociology: we act completely differently toward fellow motorists than we do to neighbors, co-workers, and family. Politics: far more people have died in car accidents over the past 30 years than from terrorism, yet we have focused disproportionately more resources on combating the latter (although we have made great strides in making cars safer).

Vanderbilt answers questions astute commuters glean through observation: Why does traffic slow on both sides of an accident? Why does traffic vary so much day-to-day (Tuesday is the worst)? What’s the most efficient way to merge? Beyond answering burning commuter questions, he reveals how traffic mirrors market dynamics and investor behavior—small disruptions cascade into major problems, herd behavior dominates individual logic, overconfidence leads to tailgating, and systems that seem chaotic follow predictable patterns. The chapter on road rage alone could be required reading for understanding why investors make emotional decisions during market volatility.

It’s a fantastic book that should probably be read on weekends when you aren’t still fuming from your afternoon commute.

Traffic by Tom Vanderbilt
War with the Newts by Karel Čapek

War with the Newts

A 1936 allegory about intelligent salamanders that maps directly onto our AI-obsessed present. The best picture of our AI future may be 90 years old.

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Breakneck by Dan Wang

Breakneck

Dan Wang’s Breakneck explores the idea that China is governed by engineers while America is governed by lawyers, offering investors a provocative framework for understanding manufacturing, infrastructure, and economic competitiveness.

Read More »
The Power of Gold by Peter L. Bernstein

The Power of Gold

Peter Bernstein’s history treats civilization’s obsession with gold as a psychological compulsion more than a rational store of value, tracing the fixation from ancient Lydia through the end of the gold standard.

Read More »
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What is a page point?

If you pull a random book off our shelf, chances are you’ll see little copper marks peeking out along the page edges. These are page points—thin copper bookmarks we’ve used for years to mark passages that make us stop and think. We’ll be honest: it’s a rare occasion when we actually go back to flip through those marked pages. But we couldn’t live without them. There’s something about physically marking a moment when an author makes you see the world differently, even if you never revisit it. Think of them as our real-time reading scorecard—the more page points, the more the book made us pause, question, or marvel.

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