10 books like Against the Gods

By Peter L. Bernstein,

Here are 10 books that authors have personally recommended if you like Against the Gods. Shepherd is a community of 8,000+ authors sharing their favorite books with the world.

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Book cover of Where Are the Customers' Yachts? Or a Good Hard Look at Wall Street

Matthew P. Fink Author Of The Unlikely Reformer: Carter Glass and Financial Regulation

From the list on American financial history.

Who am I?

I was always interested in American history and studied at Brown University under an outstanding professor of American economic history, James Blaine Hedges.   During my career at the mutual fund association I often approached issues from an historical perspective. For example:  Why did Congress draft legislation in a particular way?  How would past events likely affect a regulator’s decisions today?  As a lawyer I had been trained to write carefully and precisely.  As a lobbyist I learned the need to pre

Matthew's book list on American financial history

Discover why each book is one of Matthew's favorite books.

Why did Matthew love this book?

Although this book was written over 80 years ago it remains the most humorous and educational book ever written about securities investing. While its focus is on the 1920s, it is dead on point today. Only the names have changed. I’ve read this book a number of times. On each occasion, I laugh a lot and learn a lot.

Where Are the Customers' Yachts? Or a Good Hard Look at Wall Street

By Fred Schwed,

Why should I read it?

3 authors picked Where Are the Customers' Yachts? Or a Good Hard Look at Wall Street as one of their favorite books, and they share why you should read it.

What is this book about?

'Once I picked it up I did not put it down until I finished...What Schwed has done is capture fully-in deceptively clean language - the lunacy at the heart of the investment business' - From the Foreword by Michael Lewis, Bestselling author of "Liar's Poker". '...one of the funniest books ever written about Wall Street' - Jane Bryant Quinn, "The Washington Post". 'How great to have a reissue of a hilarious classic that proves the more things change the more they stay the same. Only the names have been changed to protect the innocent' - Michael Bloomberg. 'It's amazing how…


Book cover of The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns

Russell Wild Author Of Bond Investing For Dummies

From the list on investing so that you profit, not your broker.

Who am I?

I collected coins a kid. I went to college and studied econ. I worked in a bank. I later became a financial journalist. And later, a professional money manager. I’ve always been fascinated by money…the way it moves around the world, the enormous role it plays in peoples’ lives, the power it gives a select few, the good it can do, and the way it grows. As a fee-only financial planner running my own shop, I'm only peripherally involved with Wall Street. That frees me to step back and look at the key players, the shenanigans, the sometimes awful greed. The books I’ve selected were instrumental in helping others make their money work for them.

Russell's book list on investing so that you profit, not your broker

Discover why each book is one of Russell's favorite books.

Why did Russell love this book?

Bogle is a legend. He’s the guy who founded Vanguard investments. He’s the guy who brought index investing to the masses. He’s the guy I interviewed extensively for my book on indexing. He’s the guy who over many decades has helped small investors save billions in management fees with his introduction of low-cost passively managed (index) funds. John “Jack” Bogle has written half a dozen books, and his overall message is crystal clear: Successful investing means avoiding speculation, and avoiding high-cost speculators who want to gamble with your money. Start by reading this short book, and you may want to then read Bogle’s others. My mentor, who was known to many as Jack, died just a few years ago, he was almost 90, still smart as a tack, to the end on a mission help small investors. RIP, Jack. 

The Little Book of Common Sense Investing

By John C. Bogle,

Why should I read it?

4 authors picked The Little Book of Common Sense Investing as one of their favorite books, and they share why you should read it.

What is this book about?

The best-selling index investing "bible" offers new information and is updated to reflect the latest market data The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund veteran John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks the S&P 500 Stock Index. Such an index portfolio is the only investment that guarantees your fair share of…


The Black Swan

By Nassim Nicholas Taleb,

Book cover of The Black Swan

John M. Jennings Author Of The Uncertainty Solution: How to Invest with Confidence in the Face of the Unknown

From the list on novices to learn about investing.

Who am I?

I’ve long been fascinated by money and wealth and people’s relationship to them. I started my career as an estate planning attorney and then broadened my expertise to investing. I know that investing can seem scary due to the complexity of the financial markets and the overwhelming amount of investment products and strategies. But successful investing doesn’t have to be hard or scary. With the proper guidance, anyone can embark on a strategy of creating wealth through investing. Reading the right book is a good first step in the right direction.

John's book list on novices to learn about investing

Discover why each book is one of John's favorite books.

Why did John love this book?

Reading The Black Swan changed the way I perceive the world.

The book explores the impact of rare and unpredictable events on our lives and the limitations of our ability to predict and comprehend them. The author, Taleb, argues that humans often rely too heavily on past experiences or patterns to anticipate the future and fail to account for unexpected occurrences.

These unexpected events are called "Black Swans" and are defined by three characteristics: (1) it is unpredictable, (2) it has a massive impact, and (3) it is explainable in retrospect. I’ve read The Black Swan three times and I think about the lessons I learned from it nearly every day.

The Black Swan

By Nassim Nicholas Taleb,

Why should I read it?

5 authors picked The Black Swan as one of their favorite books, and they share why you should read it.

What is this book about?

The most influential book of the past seventy-five years: a groundbreaking exploration of everything we know about what we don’t know, now with a new section called “On Robustness and Fragility.”

A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions…


Book cover of Money Masters of Our Time

Peter J. Tanous Author Of The Pure Equity Plus Plan: Your Path to a Multi-Million Dollar Retirement

From the list on to retire with millions in the stock market.

Who am I?

I’ve been a professional investment advisor for over 50 years and it took me that long to figure out the best way for individuals to retire with a decent size multi-million dollar fortune. The books I recommend speak to this topic from some fascinating and different points of view. But why did it take so long? I don’t know. I suppose the obvious answers aren’t so obvious at first, especially in a business as complex as the securities industry. But I think I finally figured it out and the solution is so elegantly simple. My professional life’s work!

Peter's book list on to retire with millions in the stock market

Discover why each book is one of Peter's favorite books.

Why did Peter love this book?

The book features the ideas of some of the most successful investors of all time, including Warren Buffett, Benjamin Graham, and John Bogle. What was it that made these investors so successful, and why are there so few of them?  Money Masters was one of the first in a series of books about the success of some of Wall Street’s greatest investors and it is still relevant today. These books are especially useful in preserving the thinking of great investors after they pass on. The book adds fuel to the fire of the “Efficient Market Theory” which holds that the market is highly efficient and the only way you can beat it is through luck! Try telling that to some of these great investors!

Money Masters of Our Time

By John Train,

Why should I read it?

1 author picked Money Masters of Our Time as one of their favorite books, and they share why you should read it.

What is this book about?

An expert reviews the experts - new and updated appraisals of the winning investment strategies of the greatest financial wizards. Money Masters of Our Time is a reappraisal and revision of those money masters who have stood the test of time plus a look at new money masters. Train emphasises the parts of their various business careers that illuminate their investment techniques focusing on notable individuals whose decisions to buy and sell have actually made money grow. How do they reason? Where do they get their information? How much do they depend on fact and how much on psychology? What…


Why Most Things Fail

By Paul Ormerod,

Book cover of Why Most Things Fail: Evolution, Extinction and Economics

Gerald Ashley Author Of Two Speed World: The impact of explosive and gradual change - its effect on you and everything else

From the list on decisions bloody decisions.

Who am I?

With a long background in international banking and finance I am an advisor, writer, and speaker on behavioural risk, disruptive change & decision making. My primary interest is in understanding the decision making and risk taking processes of people and organisations, and how we can make better decisions and take more profitable risks. In addition, much of my research and work concentrates on how to understand emerging trends in business; and how our own biases and behaviours affect the way we either succeed or fail in new environments.

Gerald's book list on decisions bloody decisions

Discover why each book is one of Gerald's favorite books.

Why did Gerald love this book?

A depressing title? No not really.

Ormerod has written an entertaining and informative book on the complexity of systems, organisations, and human behaviour. Using many examples, he shows how even dominant organisations can falter and wither away.

He is particularly interesting about the nature of failure, and whether through small increases in better judgement and decision making, organisations can in fact continue to prosper.

Why Most Things Fail

By Paul Ormerod,

Why should I read it?

1 author picked Why Most Things Fail as one of their favorite books, and they share why you should read it.

What is this book about?

With the same originality and astuteness that marked his widely praised Butterfly Economics, Paul Ormerod now examines the “Iron Law of Failure” as it applies to business and government–and explains what can be done about it.

“Failure is all around us,” asserts Ormerod. For every General Electric–still going strong after more than one hundred years–there are dozens of businesses like Central Leather, which was one of the world’s largest companies in 1912 but was liquidated in 1952. Ormerod debunks conventional economic theory–that the world economy ticks along in perfect equilibrium according to the best-laid plans of business and government–and delves…


Innumeracy

By John Allen Paulos,

Book cover of Innumeracy: Mathematical Illiteracy and Its Consequences

Gerald Ashley Author Of Two Speed World: The impact of explosive and gradual change - its effect on you and everything else

From the list on decisions bloody decisions.

Who am I?

With a long background in international banking and finance I am an advisor, writer, and speaker on behavioural risk, disruptive change & decision making. My primary interest is in understanding the decision making and risk taking processes of people and organisations, and how we can make better decisions and take more profitable risks. In addition, much of my research and work concentrates on how to understand emerging trends in business; and how our own biases and behaviours affect the way we either succeed or fail in new environments.

Gerald's book list on decisions bloody decisions

Discover why each book is one of Gerald's favorite books.

Why did Gerald love this book?

This a slim but very interesting volume. As a mathematics professor Paulos sets out to explain how we can misunderstand statistics, and why this happens.

The book assumes no real serious mathematics ability on the part of the reader, but carefully guides us through the dangers and pitfalls of statistics. Myriad examples of wrong or poor use of statistics are given, and I found the book prompted me to look far more carefully at what a given statistic is telling me, or more accurately what it can’t tell me!

Innumeracy

By John Allen Paulos,

Why should I read it?

1 author picked Innumeracy as one of their favorite books, and they share why you should read it.

What is this book about?

Why do even well-educated people often understand so little about maths - or take a perverse pride in not being a 'numbers person'?

In his now-classic book Innumeracy, John Allen Paulos answers questions such as: Why is following the stock market exactly like flipping a coin? How big is a trillion? How fast does human hair grow in mph? Can you calculate the chances that a party includes two people who have the same birthday? Paulos shows us that by arming yourself with some simple maths, you don't have to let numbers get the better of you.


Critical Mass

By Philip Ball,

Book cover of Critical Mass: How One Thing Leads to Another

Gerald Ashley Author Of Two Speed World: The impact of explosive and gradual change - its effect on you and everything else

From the list on decisions bloody decisions.

Who am I?

With a long background in international banking and finance I am an advisor, writer, and speaker on behavioural risk, disruptive change & decision making. My primary interest is in understanding the decision making and risk taking processes of people and organisations, and how we can make better decisions and take more profitable risks. In addition, much of my research and work concentrates on how to understand emerging trends in business; and how our own biases and behaviours affect the way we either succeed or fail in new environments.

Gerald's book list on decisions bloody decisions

Discover why each book is one of Gerald's favorite books.

Why did Gerald love this book?

A long and detailed account of the role of science in our decision making.

Ball demonstrates a sure touch over a myriad of topics, whether it be what causes traffic jams, the behaviour of gas particles, or the best way to design fire exits. The author has a deep and wide understanding of science and is able to share this knowledge with many real-life examples.

Whilst not a light read it is well written and opens up the reader to a far wider way of thinking about how “the real world” acts and reacts.


Critical Mass

By Philip Ball,

Why should I read it?

1 author picked Critical Mass as one of their favorite books, and they share why you should read it.

What is this book about?

Is there a 'physics of society'? Philip Ball's investigation into human nature ranges from Hobbes and Adam Smith to modern work on traffic flow and market trading, across economics, sociology and psychology. Ball shows how much of human behaviour we can understand when we cease trying to predict and analyse the behaviour of individuals and look to the impact of hundreds, thousands or millions of individual human decisions, in circumstances in which human beings both co-operate and conflict, when their aggregate behaviour is constructive and when it is destructive. By perhaps Britain's leading young science writer, this is a deeply…


The Origin Of Wealth

By Eric Beinhocker,

Book cover of The Origin Of Wealth: Evolution, Complexity, and the Radical Remaking of Economics

Gerald Ashley Author Of Two Speed World: The impact of explosive and gradual change - its effect on you and everything else

From the list on decisions bloody decisions.

Who am I?

With a long background in international banking and finance I am an advisor, writer, and speaker on behavioural risk, disruptive change & decision making. My primary interest is in understanding the decision making and risk taking processes of people and organisations, and how we can make better decisions and take more profitable risks. In addition, much of my research and work concentrates on how to understand emerging trends in business; and how our own biases and behaviours affect the way we either succeed or fail in new environments.

Gerald's book list on decisions bloody decisions

Discover why each book is one of Gerald's favorite books.

Why did Gerald love this book?

A fascinating look at Complexity Science and so-called self-organising systems and how they contribute to wealth creation.

This a rather long, and maybe slightly daunting, book. A criticism might be that the author is long winded in some of his detailed examination of new themes and ideas in economics. However, at the heart of the book is the desire to understand how real people, make real decisions in the real world.

The Origin Of Wealth

By Eric Beinhocker,

Why should I read it?

1 author picked The Origin Of Wealth as one of their favorite books, and they share why you should read it.

What is this book about?

Economics is changing radically. This paradigm shift, the biggest in the field for over a century, will have profound implications for business, government and society for decades to come.

In this groundbreaking book, economic thinker and writer Eric Beinhocker surveys the cutting-edge ideas of the leading economists, physicists, biologists and cognitive scientists who are fundamentally reshaping economics, and brings their work alive for a broad audience.

These researchers argue that the economy is a 'complex adaptive system', more akin to the brain, the internet or an ecosystem than to the static picture of economic systems portrayed by traditional theory. They…


Danger Is Everywhere

By David O'Doherty, Chris Judge (illustrator),

Book cover of Danger Is Everywhere

Emily Snape Author Of Fergus the Furball

From the list on reluctant readers aged 7-11.

Who am I?

My sons were both reluctant readers and that made me want to write books that they wouldn’t be able to resist reading! Reading should be a pleasure and this list is packed with books that are impossible to put down. They are perfect for young, reluctant readers, as they are not trying to be too serious or worthy or overwhelming with too much text. They pull you in and hook you from the start and you can’t help being moved by the characters as they grow and develop, fostering a love of books and fiction. I love comedy in books, but funny books also have to have heart, believable characters, and a great plot that keeps you reading till the very end.

Emily's book list on reluctant readers aged 7-11

Discover why each book is one of Emily's favorite books.

Why did Emily love this book?

This book is totally hilarious! It’s really pacy, utterly wacky, and laugh-out-loud silly. The pages are packed with lots of funny illustrations so none of the text seems overwhelming or goes on too long. It’s a handbook on how to avoid danger, written by Dr. Noel Zone, the greatest (and only) "dangerologist" in the world, and covers sneaky snakes posing as toothbrushes, sharks hiding in toilets, to robots disguised as kindly grandmas. My son, a reluctant reader first listened to the audiobook- which is narrated fantastically (we were in fits of giggles listening to it in the car), and then he happily and quickly read the second two books in the series. I think audiobooks are a fantastic way to get kids hooked on new characters and discover new authors.

Danger Is Everywhere

By David O'Doherty, Chris Judge (illustrator),

Why should I read it?

1 author picked Danger Is Everywhere as one of their favorite books, and they share why you should read it.

What is this book about?

Diary of a Wimpy Kid meets The Dangerous Book for Boys, DANGER IS EVERYWHERE is a brilliantly funny handbook for avoiding danger of all kinds that will have everyone from reluctant readers to bookworms laughing out loud (very safely) from start to finish.

DOES IT WARN YOU ABOUT WHAT TO DO IF A SHARK COMES UP OUT OF THE LOO WHILE YOU ARE SITTING ON IT?
Yes it does.

AND HOW TO FIND OUT IF YOUR GRANNY IS A ROBOT?
That too.

AND WHAT TO DO IF A VOLCANO ERUPTS UNDERNEATH YOUR HOUSE?
After you've made sure it's not a…


Radical Uncertainty

By Mervyn King, John Kay,

Book cover of Radical Uncertainty: Decision-Making Beyond the Numbers

Edward J. Hoffman, Matthew Kohut, and Laurence Prusak Author Of The Smart Mission: NASA’s Lessons for Managing Knowledge, People, and Projects

From the list on creating and sustaining knowledge at work.

Who are we?

The three co-authors of The Smart Mission: NASA’s Lessons for Managing Knowledge, People, and Projects have been at the center of organizational and leadership transformation. Dr. Ed Hoffman was NASA’s first Chief Knowledge Officer and the founding Director of the NASA Academy of Program, Project, and Engineering Leadership (APPEL). Matthew Kohut is the managing partner of KNP Communications. He has prepared executives, elected leaders, diplomats, scientists, and public figures for events ranging from television appearances to TED talks. Laurence Prusak was the founder and executive director of the IBM Institute for Knowledge Management and one of the founding partners for the Ernst and Young Center for Business Innovation.

Edward's book list on creating and sustaining knowledge at work

Discover why each book is one of Edward's favorite books.

Why did Edward love this book?

These are volatile and tumultuous times, which makes it difficult if not impossible to make decisions with any assurance of accuracy. Kay and King, in this very substantial and learned book, have written what we think is one of the best guides to making these decisions with the best tools and insights we have. The authors have the advantage of being very seasoned practitioners in several domains as well as extremely well-read in the subjects that impact decision-making under these conditions. Their emphasis is on the limits of current mathematical tools, and they advise that we use the more pragmatic and grounded understanding we have from history, philosophy, and our own experiences.

Radical Uncertainty

By Mervyn King, John Kay,

Why should I read it?

2 authors picked Radical Uncertainty as one of their favorite books, and they share why you should read it.

What is this book about?

Some uncertainties are resolvable. The insurance industry's actuarial tables and the gambler's roulette wheel both yield to the tools of probability theory. Most situations in life, however, involve a deeper kind of uncertainty, a radical uncertainty for which historical data provide no useful guidance to future outcomes. Radical uncertainty concerns events whose determinants are insufficiently understood for probabilities to be known or forecasting possible. Before President Barack Obama made the fateful decision to send in the Navy Seals, his advisers offered him wildly divergent estimates of the odds that Osama bin Laden would be in the Abbottabad compound. In 2000,…


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