100 books like Stocks for the Long Run

By Jeremy J. Siegel,

Here are 100 books that Stocks for the Long Run fans have personally recommended if you like Stocks for the Long Run. Shepherd is a community of 10,000+ authors and super readers sharing their favorite books with the world.

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Book cover of The Big Short

Claire A. Hill Author Of Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment

From my list on bankers, especially bankers behaving badly.

Why am I passionate about this?

I’ve always been interested—a vast understatement to anyone who knows me—in what makes people tick. I’ve focused on analyzing business actors – bankers, lawyers, investors, executives, shareholders, and others. What do they want? Some combination of money, power, or prestige? How does loving to win fit in? How about hating to lose? When is enough (money/power/prestige) enough? What do they think is ok to do to get what they want? What do they think is not ok? Amazingly, as a law professor, I can pursue that interest as part of my job, and – I think and hope – do so in a way that might help lawmakers, regulators, and policymakers do better.

Claire's book list on bankers, especially bankers behaving badly

Claire A. Hill Why did Claire love this book?

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.

By Michael Lewis,

Why should I read it?

8 authors picked The Big Short as one of their favorite books, and they share why you should read it.

What is this book about?

The real story of the crash began in bizarre feeder markets where the sun doesn't shine and the SEC doesn't dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower- and middle-class Americans who can't pay their debts. The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren't talking.

Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a…


Book cover of The Age of Turbulence: Adventures in a New World

Selwyn Parker Author Of The Great Crash: How the Stock Market Crash of 1929 Plunged the World into Depression

From my list on economics and investment.

Why am I passionate about this?

Selwyn Parker is an award-winning journalist, author, speaker and pianist. In journalism he focuses on transformational contemporary issues like the new era in energy, the upheaval in banking, the revolution in transportation and the fast-moving world of investment. However most of his dozen books – novels and non-fiction -- are rooted in landmark historical events whose effects still register today.

Selwyn's book list on economics and investment

Selwyn Parker Why did Selwyn love this book?

Apart from revealing and sometimes dismaying insights into the workings of the White House, this legendary chairman of the US Federal Reserve presents a tour d’horizon of the economic thought that underpins the creation of wealth. As such, it should be obligatory reading for anybody interested in how nations prosper (or don’t), how governments routinely make disastrous interventions even if they aim to act for the right reasons, why Adam Smith continues to influence our lives (even though we don’t know it), and why capitalism is so foolishly demonised by banner-waving grandstanders.

By Alan Greenspan,

Why should I read it?

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

What is this book about?

Alan Greenspan's The Age of Turbulence is the essential guide to what is happening in the world, and where we're heading, from the ultimate expert.

Alan Greenspan wielded more power than the presidents he worked for, from Ronald Reagan and Bill Clinton to George Bush and his son. He was in the command room of the world economy for longer than any other single figure. One word from him could send markets into freefall.

Now Alan Greenspan, the legendary former chairman of the Federal Reserve, gives us a unique insider's view of the world over his lifetime, from stock market…


Book cover of The Ascent of Money: A Financial History of the World

Selwyn Parker Author Of The Great Crash: How the Stock Market Crash of 1929 Plunged the World into Depression

From my list on economics and investment.

Why am I passionate about this?

Selwyn Parker is an award-winning journalist, author, speaker and pianist. In journalism he focuses on transformational contemporary issues like the new era in energy, the upheaval in banking, the revolution in transportation and the fast-moving world of investment. However most of his dozen books – novels and non-fiction -- are rooted in landmark historical events whose effects still register today.

Selwyn's book list on economics and investment

Selwyn Parker Why did Selwyn love this book?

Money is not the root of all evil, as this book makes clear in a highly entertaining romp through the major events in the history of coin and their derivatives. The author, who made his name with Empire, covers everything that really matters including the rise of the loan sharks, historic bubbles, the development of currencies, the egregious behaviour of a few very greedy and/or crooked people, supposedly fool-proof money-making schemes that backfired, and much else. If you want to understand how money works, you can hardly do better.

By Niall Ferguson,

Why should I read it?

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

What is this book about?

Bread, cash, dosh, dough, loot: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it's the sinews of war. To revolutionaries, it's the chains of labour. But in The Ascent of Money, Niall Ferguson shows that finance is in fact the foundation of human progress. What's more, he reveals financial history as the essential back-story behind all history.

The evolution of credit and debt was as important as any technological innovation in the rise of civilization, from ancient Babylon to the silver mines of Bolivia. Banks provided the material…


Book cover of The Great Crash 1929

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

From my list on American financial history.

Why am I passionate about this?

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

Matthew P. Fink Why did Matthew love this book?

The book does an outstanding job in describing the people and events that produced the October 1929 stock market crash in a highly entertaining style. Galbraith wrote more like a witty and insightful journalist than the award-winning economist that he was. This is a must-read for anyone who wants to learn about American financial history. The book is a model for writers who want to educate non-experts about public policy issues.

By John Kenneth Galbraith,

Why should I read it?

4 authors picked The Great Crash 1929 as one of their favorite books, and they share why you should read it.

What is this book about?

'One of the most engrossing books I have ever read' Daily Telegraph

John Kenneth Galbraith's now-classic account of the 1929 stock market collapse remains the definitive book on the most disastrous cycle of boom and bust in modern times.

Vividly depicting the causes, effects, aftermath and long-term consequences of financial meltdown, Galbraith also describes the people and the corporations who were affected by the catastrophe. With its depiction of the 'gold-rush fantasy' ingrained in America's psychology, The Great Crash 1929 remains a penetrating study of human greed and folly.


Book cover of The 12% Solution: Earn a 12% Average Annual Return on your Money

Jason Kelly Author Of The 3% Signal: The Investing Technique That Will Change Your Life

From my list on to learn systematic stock market investing.

Why am I passionate about this?

I am the author of The Neatest Little Guide to Stock Market Investing and The 3% Signal, among other financial books, and editor of The Kelly Letter. Despite having been ranked by CXO Advisory as one of the best stock-market forecasters, I gave up the practice in favor of price reaction. I realized that nobody knows where stocks are headed, myself included, and set out to find ways to beat the market without forecasting—and succeeded. My readers and I are now much happier and wealthier.

Jason's book list on to learn systematic stock market investing

Jason Kelly Why did Jason love this book?

This monthly approach uses three-month momentum to select two funds from a pool of four stock funds and two bond funds. The stock indexes are the S&P 500, S&P MidCap 400, Russell 2000, and Nasdaq, i.e. US large caps, mid caps, small caps, and tech. It’s not a revolutionary idea but provides a good introduction to major asset class switching, which runs circles around pundit guessing games. If you do nothing but swear off gut-guessing in favor of price reaction, you’ll beat almost everybody—including the supposed pros.

By David Alan Carter,

Why should I read it?

1 author picked The 12% Solution as one of their favorite books, and they share why you should read it.

What is this book about?

How to make money in stocks?

First step: don't trade stocks. In a radical departure from most investment books, a former day trader demonstrates how a simple asset allocation strategy that 'adapts' to changing market conditions has delivered a 12% average annual return over the past 10 years. What does 12% mean?

If you're familiar with investing basics, you'll know that figure comes close to doubling the average return of the benchmark S&P 500. It also outperforms 99% of all mutual funds.

But what's outperformance without protection? When the S&P 500 crashed in 2008 and lost 37% of its value,…


Book cover of The Power of Passive Investing: More Wealth with Less Work

Russell Wild Author Of Bond Investing For Dummies

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

Why am I passionate about this?

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

Russell Wild Why did Russell love this book?

I’ve bumped into Richard “Rick” Ferri at a few financial conferences. He’s easy to recognize as the guy getting hate stares from across the room. Ferri thinks most financial professionals charge too much – way too much and he isn’t shy about saying so. One of the reasons he loves passive (index) investing, as I do, is that it can be done at very little cost. If you think you want to be an index investor, but you aren’t sure where to start, I highly recommend this book. It will serve as an excellent pair of training wheels, explaining the whys and the hows of proper index investing. I’d also love to see many financial professionals read it, for they’d become better money managers if they did. Yeah, I’m talking about those guys I see in the back of the room giving Ferri the evil eye!

By Richard A. Ferri,

Why should I read it?

2 authors picked The Power of Passive Investing as one of their favorite books, and they share why you should read it.

What is this book about?

A practical guide to passive investing Time and again, individual investors discover, all too late, that actively picking stocks is a loser's game. The alternative lies with index funds. This passive form of investing allows you to participate in the markets relatively cheaply while prospering all the more because the money saved on investment expenses stays in your pocket. In his latest book, investment expert Richard Ferri shows you how easy and accessible index investing is. Along the way, he highlights how successful you can be by using this passive approach to allocate funds to stocks, bonds, and other prudent…


Book cover of A History of Balance, 1250–1375: The Emergence of a New Model of Equilibrium and its Impact on Thought

Emily Erikson Author Of Trade and Nation: How Companies and Politics Reshaped Economic Thought

From my list on economic theory by non-economists.

Why am I passionate about this?

I’m fascinated by systems of thought and very interested in understanding how we can improve our ability to create a better society for all. I think the past makes a good laboratory for investigating these kinds of questions. I got interested in early modern economic theory while researching the English East India Company for my dissertation in the sociology department of Columbia University, which was a great place for historical and computational sociology. I now teach economic sociology and theory as a professor at Yale University, another institution with amazing strengths in history, data science, and computational methods.

Emily's book list on economic theory by non-economists

Emily Erikson Why did Emily love this book?

This book is for the truly dedicated because Medieval European Economic Theory isn’t particularly foundational or even correct by today’s standards, so value other than the intrinsic pleasure you get exploring these ideas is minimal. But the ideas are fascinating, and Kaye gives a lot of insight into how transformative ways of thinking about the world emerge over time.

By Joel Kaye,

Why should I read it?

1 author picked A History of Balance, 1250–1375 as one of their favorite books, and they share why you should read it.

What is this book about?

The ideal of balance and its association with what is ordered, just, and healthful remained unchanged throughout the medieval period. The central place allotted to balance in the workings of nature and society also remained unchanged. What changed within the culture of scholasticism, between approximately 1280 and 1360, was the emergence of a greatly expanded sense of what balance is and can be. In this groundbreaking history of balance, Joel Kaye reveals that this new sense of balance and its potentialities became the basis of a new model of equilibrium, shaped and shared by the most acute and innovative thinkers…


Book cover of The Oxford Handbook of Ethics and Economics

Eyal Zamir and Barak Medina Author Of Law, Economics, and Morality

From my list on ethics and economics.

Why are we passionate about this?

We are law professors at the Hebrew University of Jerusalem. Eyal Zamir is interested in the intersections of law, economics, ethics, and psychology. In addition to theoretical studies of these issues, he engages in experimental legal studies, as well. Barak Medina studies constitutional law, human rights, and economic analysis of law. He is interested in constitutional interpretation and the interaction between common-sense morality, public opinion and adjudication.

Eyal's book list on ethics and economics

Eyal Zamir and Barak Medina Why did Eyal love this book?

This collection of essays by some of the leading contemporary scholars in ethics and in economics provides both critical surveys of the various interactions between these two bodies of thought and original suggestions for future advancements in this important intersection.

The collection includes both general and theoretical inquiries and more specific applications. It may be of interest both to academics (scholars and students) and to policymakers and laypersons.

By Mark D. White (editor),

Why should I read it?

1 author picked The Oxford Handbook of Ethics and Economics as one of their favorite books, and they share why you should read it.

What is this book about?

Economics and ethics are both valuable tools for analyzing the behavior and actions of human beings and institutions. Adam Smith, the father of modern economics, considered them two sides of the same coin, but since economics was formalized and mathematicised in the late 1800s and early 1900s, the fields have largely followed separate paths.

The Oxford Handbook of Ethics and Economics provides a timely and thorough survey of the various ways ethics can, does, and should inform economic theory and practice. The first part of the book, Foundations, explores how the most prominent schools of moral philosophy relate to economics;…


Book cover of The ABCs of Political Economy: A Modern Approach

Raoul Martinez Author Of Creating Freedom: Power, Control and the Fight for our Future

From my list on critiquing free-market fundamentalism.

Why am I passionate about this?

It has long been claimed that we face a choice between freedom and equality: that advocates of capitalism favour freedom, while critics prioritise equality. Philosopher Raoul Martinez was never persuaded by this claim, yet it took years of research across a number of disciplines to understand not only how problematic it is, but how foundational to our society and its crises it has become. His journey of discovery culminated in the writing of Creating Freedom, which dismantles this misleading narrative while deepening our understanding of human liberty: the many ways it is subverted and the path to its creation.

Raoul's book list on critiquing free-market fundamentalism

Raoul Martinez Why did Raoul love this book?

Hahnel’s work should be more well known. A professor of economics who understands the neoclassical approach inside out, he has spent his career not only critiquing mainstream economics but developing rich alternatives, including a sophisticated economic vision that aims to avoid the pitfalls of both free markets and state planning. I’ve chosen The ABCs of Political Economy as it’s a wonderful introduction to the area, offering a broad scope and a sharp critique of orthodox approaches to the economy.

By Robin Hahnel,

Why should I read it?

1 author picked The ABCs of Political Economy as one of their favorite books, and they share why you should read it.

What is this book about?

This revised edition of ABCs is a lively and accessible introduction to modern political economy. Informed by the work of Marx, Veblen, Kalecki, Robinson, Minsky and other great political economists, Robin Hahnel provides the essential tools needed to understand economic issues today.

Dispelling myths about financial liberalisation, fiscal austerity, globalisation and free markets, ABCs offers a critical perspective on our present system and outlines clear alternatives for the future.

This second edition applies the analytical tools developed to help readers understand the origins of the financial crisis of 2007, the ensuing 'Great Recession', and why government policies in Europe and…


Book cover of The Great Economists: Ten Economists Whose Thinking Changed the Way We Live

Panayotis G. Michaelides Author Of History of Economic Ideas: From Adam Smith to Paul Krugman

From my list on the evolution of economics.

Why am I passionate about this?

I am a Full Professor and Lab Director in Economics. My interest in this field began when I traveled abroad and observed the differences in prices, goods, and quality of life. In order to gain a deeper understanding, I decided to switch from my previous academic background in Engineering, Mathematics & Physics to Economics, Finance & Data Science. Today, I am dedicated to expanding my knowledge and sharing my insights through teaching, academic publications, and LinkedIn posts. According to the latest rankings, I am humbled to be among the top 3% most productive economists worldwide (IDEAS-RePec, 2023), as well as being ranked among the top 4% researchers in Financial Economics, and the top 5% in Econometrics (Researchgate, 2023).

Panayotis' book list on the evolution of economics

Panayotis G. Michaelides Why did Panayotis love this book?

For anyone interested in a comfortable tour through some of the greatest economists, this book is a must-read.

It is like having a personal conversation with the world's leading economic masterminds, as it explores their beliefs, backgrounds, and legacies. This book is well-written and easy to follow, making it an excellent choice for anyone.

Economics is not only concerned with fiscal policies and national economies. And this book does a good job of illustrating the fact that Economics plays a role in almost every aspect of human life.

Furthermore, I would like to acknowledge the inclusion of Daniel Kahneman in the book, an Israeli-American psychologist and Nobel Prize winner whose empirical findings challenged the assumption of human rationality, i.e. the foundation of modern Economics.

By Phil Thornton,

Why should I read it?

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

What is this book about?

The Great Economists succinctly and accurately describes the thinking of the world's leading economic thinkers. It captures their key beliefs, explores their backgrounds, assesses their thinking and evaluates their legacy. It explains the schools of thought named after them and clearly shows how they influence our everyday lives.


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