100 books like A Random Walk Down Wall Street

As everyone knows at this point, anything Michael Lewis writes will be enormous fun to read, while being about something really important—something he’ll make you care about even if you didn’t when you started the book.

In this case, the subject is people who bet on the direction of mortgages (and thus, house prices), and how those who bet on a huge plunge were right. This book has an amazing cast of characters, all richly drawn: some are smart, some are not so smart; some are excellent schmoozers, some can barely tolerate human interaction; some care a lot about money, some care more about being right, especially if everyone else is wrong.

Each book I've recommended cries out to be made into a movie. This one actually was.

Through incredible stories set in Ancient Babylon, we are transformed and transfixed, all while learning a powerful new financial mindset.

I found myself totally engrossed in the stories of Arkad. I forgot that I was reading the book and learning so much because I was thoroughly entertained. But as I put the book down for the final time, I realized I had a whole new way to think about money and wealth creation.

The author's timeless wisdom and storytelling style make this book one of my favorite treasures to gift and recommend!

Think and Grow Rich is one of the best books of all time – a true class for achieving super success and wealth.

Napoleon Hill shows you how to get ahead and build wealth. The idea is that successful, wealthy people found the way and we can too. Hill believes that how you think and use the knowledge and experience you accumulate along your journey drives your success.

He explains the importance of desire and faith and gaining specialized knowledge. He emphasizes organized planning, making decisions and taking action, and sticking with it. Hill shares stories based on his interviews with leaders including Thomas Edison, Henry Ford, and many other millionaires. 

To build wealth, we need an environment that allows for unequal outcomes. The Friedmans argue that using societal or governmental force in the name of equality will destroy the environment where we are free to choose how wealth is grown. In their words: Freedom “preserves the opportunity for today's disadvantaged to become tomorrow's privileged and, in the process, enables almost everyone, from top to bottom, to enjoy a fuller and richer life.” Let the market determine the outcome. Bad ideas will wither away, and good ideas will thrive.

This is a sobering account of what has happened to far too many blue-collar, non-college-educated workers in America.

Wracked with economic uncertainty, shunted aside, feeling left out and powerless, many have turned to alcohol, drugs, and suicide. The greed of the opioid industry—the doctors, the pharmacies, the corporate pushers—has led to an extraordinary increase in deaths among white blue-collar workers.
For working men and women, once the backbone of American economic vibrancy, capitalism, and globalization has not worked, but has crushed families and prospects for a better life.

A powerful indictment, but one we need to hear and comprehend.

Who knew that a book on tax reform could be so interesting? Showdown at Gucci Gulch, which tells the story of the 1986 federal tax reform, remains the best in depth look at how a bill really becomes a law, including a cast of interesting characters, from Ronald Reagan to Dan Rostenkowski. The book is also a good primer on what a good tax system ought to look like and how myriad special interests invariably oppose such a system. Murray and Birnbaum were reporters for the Wall Street Journal who covered the 1986 tax reform and write with a reporter’s eye for detail. Really, this is an entertaining book.

Best recent book examining human morality from a scientific, psychological point of view.

Darwinians used to think humans had to be selfish and immoral. Contemporary evolution argues the opposite, that humans evolved moral limits on our selfishness in order to live together. Haidt’s is the best book presenting this new evolutionary psychology.

But it goes further to connect those scientific issues with contemporary politics, explaining why people from “red” and “blue” states cannot understand each other: they each embody a short list of human moral values, but different ones. This is a great book for thinking carefully about human morality and contemporary politics. Students love it, and so do I. 

It is personally rewarding to donate your time as a volunteer, no matter what your financial wealth is. But money certainly helps to fund causes in this material world. Brooks’ book shows that compassionate conservatism is an important driving force in America. He shows through extensive survey work that giving money to charity speaks louder than just talking about caring. He argues successfully, that those who are charitable improve life for all of us, and the selfish make us all worse off. Clearly, money can help you achieve true prosperity by helping others with it.

I loved how this “Little Book" gets right to the point and explains why every investor should include low-cost index ETFs in their portfolios. This is a great guide for beginners and old hands alike. It is a book devoted to simplicity.

I loved Bogle’s “Cost Matters Hypothesis” which is simpler and more relevant than the also important “Efficient Markets Hypothesis” that is taught in Finance 101 classes. 

I felt this book empowered me to take control of my financial life. It’s a book I always recommend to people who are looking to improve their financial lives. I learned a lot from Vanguard founder John Bogle's 80+ years of experience and wisdom. Invest just 60 minutes in this book and reap a lifetime of informed, confident investing decisions.

The most popular book by the father of value investing, The Intelligent Investor imparts Graham’s time-tested stock and bond selection principles in a manner that is less technical and more conversational than Graham and Dodd’s earlier Security Analysis. Graham’s core principles around conducting intrinsic value analysis first and then purchasing securities that the market has mispriced at below that value are all addressed here in wonderful Graham prose. Since he pioneered that strategy, it makes good sense to read directly from the master. 

Aside from that, what I like about this book is that it addresses the often overlooked but vital psychological aspects of investing. Last but not least, did I mention that The Intelligent Investor is Warren Buffett’s favorite investment book of all time? When I interviewed him for my own book, he stated that Graham’s book “just made clear sense to me as a book about… show more.