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 11,000+ authors and super readers sharing their favorite books with the world.
Shepherd is reader supported. When you buy books, we may earn an affiliate commission.
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.
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.
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…
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.
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.
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…
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.
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.
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…
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
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.
'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.
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.
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.
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,…
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.
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!
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…
I'm addicted to discovering what lies within the unknown. The biggest mystery, I believe, that baffles us today is not necessarily what lies at the edge of the universe but what lives within this one here. I enjoy attempting to solve large problems and if I can’t compute a result at least understand what the problem suggests. In the realm of the unknown, I'm an expert of nothing. In hours of research and reading and writing, one comes to a point in their process of learning with the realization that it does not matter how much one learns, there will always be that much more, logarithmically multiplied exponentially by the rate of acceleration, to learn.
Moneyless Society, conceptually, is a curious read. Tracking how money affects us all and its presence as a centralized decay against society is another curious concept. I enjoyed reading Moneyless Society for the context of why change needs to be made. Surrounded by the author’s intent in publication is a group of individuals committed to making change. I may quote in my own volumes that money is necessary as a tool but that does not mean you can’t argue otherwise. Moneyless Society is a great feel-good economic story through history into potential change.
IT'S TIME FOR AN ECONOMIC EVOLUTION.The evidence is all around us: Humans are squandering natural resources and destroying the environment. There is no real debate about climate change. And with an ever-widening wealth gap, inequality is destabilizing many regions and worsening famine, disease, and civil unrest.
We must change, fast - and yet we hesitate.
Moneyless Society: The Next Economic Evolution explores how capitalism throttles Earth's capacity to sustain life and undermines our deep longing to live in peace and prosperity. Fortunately, it also provides a blueprint to innovative thinking and new structures to replace our outmoded monetary system. In…
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.
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.
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;…
We are the academic and creative directors at the Stanford d.school. Our students study design, but they really hope to navigate a world of unknowns and make their way to a better future. We believe the best way to do that is not to limit yourself to a single domain or area but to find new possibilities in the overlaps, patterns, and discoveries that linger between ideas. We love books that stretch us beyond the design domain and into new places of inspiration and investigation. The ones on our list have all delighted us with their ability to reframe our thinking about design, even though none are squarely about the topic.
Kate Rayworth speaks our language. This book explains how to develop an economy that takes human and planetary flourishing into account and, most importantly, explains how we might think differently to get there.
This is a 300-plus-page book about economics—to be honest, even we haven't finished it cover to cover—but we feel a little bit wiser and more hopeful every time we crack it open!
800-CEO-Read "Best Business Book of 2017: Current Events & Public Affairs"
Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times.
Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike.
That's why it is time, says renegade economist Kate Raworth,…
I’m an associate professor of economics at Grove City College, where I love introducing students to the economic point of view. My first book, listed below, pursues the relentless logic of tradeoffs. My second book (co-authored with Art Carden), Mere Economics: Lessons for and from the Ordinary Business of Life, is due out in early 2025. It examines how human beings expand their options through cooperation. For me, internalizing the economic point of view is a lifelong project. I think it will become yours, too, if you try these books!
Ask ten different people to define economics, and you’ll get ten different answers. Does it have something to do with money, finance, the “economy”? Is it about wealth creation? Worse, does it assume people are self-centered greed monsters who care only about maximizing their own happiness, which is assumed to be achievable solely through material acquisition? Worse still, does economics justify or condone such behavior?
Kirzner’s book, which was his dissertation written under the guidance of Ludwig von Mises, shows us the way out of this mess. Read this book to learn why economics is the best tool we have for making sense of the social world. Plus, no unrealistic assumptions about humans are needed!
The inaugural volume in Liberty Fund's new Collected Works of Israel M Kirzner series, "The Economic Point of View" contains Kirzner's 1960 doctoral dissertation under Ludwig von Mises, a work that established Kirzner as a careful and meticulous scholar of economics.
