Here are 100 books that The Big Short fans have personally recommended if you like
The Big Short.
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Growing up in Indiana and Illinois meant that Chicago has always been, for me, the city—the place where people went to make a name for themselves and took the world by storm. From my local Carnegie Library, I read voraciously across genres—history, science, literature. They transported me out of my small town—across the universe sometimes. I learned that setting in fiction was for me a major feature of my enjoyment, and Chicago was where I set my own mystery series. These books, when I read them, explored that grand metropolis—and brought Chicago to life on and off the page. I hope you enjoy these books as much as I have.
It is a book that deep dives into a historical event, in this case, the 1893 World Columbian Exposition. Check. It is a nonfiction book that reads like a gripping thriller, in this case, the serial killer H.H. Holmes, who built a three-story building featuring secret rooms, torture chambers, and a crematorium. Check. Chicago leaps off the page. By the end of the book, I was able to envision the massive exposition, its hundreds of temporary buildings, all white colored, interlaced with ponds and canals.
Much like that exposition helped raise Chicago up from its Great Fire, so I could see a Chicago of the past, in a glorious triumph of industry and innovation. Oh, and yeah, a serial killer constructing a horrific murder building.
The Chicago World Fair was the greatest fair in American history. This is the story of the men and women whose lives it irrevocably changed and of two men in particular- an architect and a serial killer. The architect is Daniel Burnham, a man of great integrity and depth. It was his vision of the fair that attracted the best minds and talents of the day. The killer is Henry H. Holmes. Intelligent as well as handsome and charming, Holmes opened a boarding house which he advertised as 'The World's Fair Hotel' Here in the neighbourhood where he was once…
Growing up in the automobile business (my great-grandfather sold horse carriages before cars were invented!), I’ve always been fascinated by salesmen and con artists, and the very thin line that often separates the two. What is a sales pitch, for example, and what is an outright lie? Where does the truth live anymore? Media? Politics? Business? None of the above? It has never been more important to learn the truth, and never has it been harder to find it. And it’s this very issue that is dividing the world. We think the other side has been conned. They think we’ve been conned. One thing’s for sure—someone’s getting conned. And that’s why I love con books!
Whereas I spent my time extracting secret information from corporations to potentially cause their demise, John Perkins was flying around the world trying to do the same thing to developing nations. A sobering tale of bad policies and bad leaders pushed on unsuspecting populations,Confessions of an Economic Hit Man is a nail-biting expose of what America is willing to do regardless of the collateral damage to other countries.
***THE WORD OF MOUTH INTERNATIONAL BESTSELLER NOW UPDATED WITH 15 EXPLOSIVE NEW CHAPTERS***
False economics. Threats, bribes, extortion. Debt, deception, coups, assassinations and unbridled military power. These are the tools used by the 'corporatocracy' - a vast network of corporations, banks, colluding governments and rich and powerful individuals - to ensure that they retain and expand their wealth and influence, growing richer and richer as the poor become poorer.
In his original, post 9/11 book, John Perkins revealed how he was recruited as an economic hit man in the 1970s, and exposed the corrupt methods American corporations use to spread…
I’ve been fascinated by thrillers since I was first allowed to read them. My childhood bookcase was full of Hammond Innes, Alistair MacLean, and every Nevil Shute novel. Later, these were joined by many others, not least John Le Carré. Banking gave me an insight into the murky world of money, bringing with it real-life stories as compelling as those I love reading about. My obsession with the genre is not only with elegant, complex plots but also with what motivates the characters to take the extraordinary risks they do in such challenging environments. The five thrillers I’ve chosen are my absolute favorites. I hope you enjoy them.
Although this book is semi-autobiographical, it is still one of the best financial thrillers for me. I love the build-up of the characters working in the toxic mortgage and junk bond markets of the late 1980s.
I love, too, the way it depicts the moral bankruptcy of the major investment banks and exposes the culture of greed that ultimately led to the financial crash of the late ‘80s, which was to be replicated again many years later.
Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street's premier investment firms. During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush. Liar's Poker is the culmination of those heady, frenzied years-a behind-the-scenes look at a unique and turbulent time in American business. From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game…
After graduating from the University of Illinois in 1989 with an LAS degree in communications and a knack for artwork, I had no idea what I wanted to do. That was until my brother pulled me from my low-paid art job in Chicago to work as a clerk on the floor of the Chicago Mercantile Exchange. I eventually became a trader on that same floor, as well as an oil and gas dealer in New York. Screaming and yelling in the trading pits while money moved back and forth with a shout and a hand signal I learned more about investing, trading, and human nature through osmosis than I ever could in an MBA course.
This fascinating read tells the story of the rise and then spectacular fall of the once celebrated hedge fund Long-Term Capital Management.
What made LTCM so attractive to Wall Street investors was its stable of "dream team" quants and financial minds, led by the laconic John Merriweather. Merriweather (featured in the opening Chapter of Liar's Poker) was a former Solomon Brothers bond-trading guru, who after leaving the firm amid a scandal managed to assemble a team of financial powerhouses that included two Nobel Laureates as well as a cadre of respected traders.
From 1993 to 1997 LTCM's returns were first-rate; the sky seemed the limit for this small band of supertraders, professors, and modelers who arrogantly considered themselves a cut above the rest of The Street.
But in 1998, it all came crashing down...and right quick. Having believed their financial models could accurately predict price action not just in…
Picking up where Liar's Poker left off (literally, in the bond dealer's desks of Salomon Brothers) the story of Long-Term Capital Management is of a group of elite investors who believed they could beat the market and, like alchemists, create limitless wealth for themselves and their partners.
Founded by John Meriweather, a notoriously confident bond dealer, along with two Nobel prize winners and a floor of Wall Street's brightest and best, Long-Term Captial Management was from the beginning hailed as a new gold standard in investing. It was to be the hedge fund to end all other hedge funds: a…
I ended up in financial journalism by happenstance (it was pretty much the only corner of the media world that was still hiring when I graduated in the early 2000s). But I fell in love with it. To understand the world, you have to understand money. Whether you like it or not, it is the hidden wiring that binds us all together. I’ve found that reading history books on finance and economics has helped me better understand what is going on today, so I hope the books on this list will help you do the same.
A history of hedge funds might seem like a weird recommendation by someone who has written a paean to passive investing.
But my favourite books use a subject to tell a much broader story, and Mallaby’s definitive book on the hedge industry manages to show how even the most illustrious investing careers can fizzle out as market regimes ebb and flow.
The first book of its kind: a fascinating and entertaining examination of hedge funds today
Shortlisted for the Financial Times/Goldman Sachs Business Book of the Year Award
'An enormously satisfying book: a gripping chronicle of the cutting edge of the financial markets and a fascinating perspective on what was going on in these shadowy institutions as the crash hit' Observer
Wealthy, powerful, and potentially dangerous, hedge-find managers have emerged as the stars of twenty-first century capitalism. Based on unprecedented access to the industry, More Money Than God provides the first authoritative history of hedge funds. This is the inside story…
I have been trading for over 30 years now, and I was lucky to be one of the part-time “hobby” traders to be successful enough to trade full time. Along the way, I was a 3-time trophy winner in the world’s premier real time, real money futures trading contest. My passion is trading, both for my personal accounts and in assisting my students with their trading. While I always say “trading is the hardest way to make easy money” this field is my lifelong passion.
It is a shame the author of this book died in the 9/11 World Trade Center terrorist attack because I always wanted to hear more from him. As with most of the books on this list, for me the details of what he did (did he enter with moving averages? How did he apply stochastics to his entry signals? Etc.) are not nearly as important as his mental state of mind. What did he feel like losing $1 million? How did he recover mentally? For me, being a good trader involves dealing with losses, and this book does a superb job of detailing how one trader did just that.
Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all-his fortune, his reputation, and his job-in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors. This book-winner of a 2014 Axiom Business Book award gold medal-begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the…
When I was growing up, I saw family members and friends, who were otherwise smart people who could master other aspects of their lives, have difficulty with personal finance decisions and investing. When my dad was laid off during a recession, he had some retirement money distributed to him, and I got interested in investing as he researched and tried with difficulty to handle this money himself. In my young adult years, I was a sponge to learn as much as I could about personal finance.
I first read this book as required reading for a college course, and it greatly changed how I thought about investing.
Over the years, I’ve read updated editions, and it never gets stale and always includes new information and insights. But the foundational issues have stood the test of time and remain in the newest edition.
I also love this book because it introduced me at a young age to mutual funds and Vanguard.
Today's stock market is not for the faint hearted. At a time of frightening volatility, the answer is to turn to Burton G. Malkiel's advice in his reassuring, authoritative, gimmick-free and perennially best-selling guide to investing. Long established as the first book to purchase before starting a portfolio, A Random Walk Down Wall Street now features new material on "tax-loss harvesting"; the current bitcoin bubble and automated investment advisers; as well as a brand-new chapter on factor investing and risk parity. And as always, Malkiel's core insights-on stocks and bonds, as well as investment trusts, home ownership and tangible assets…
I grew up in rural northern Michigan. My family lived in comfort, never lacking essentials. Yet, many of those living around me had difficulty making ends meet. Many lacked health insurance and year-round jobs. As a child, I viewed my community as normal and typical of the American experience. In many ways, it was–in part, that is the point of this list. At the time, I didn’t know that we could do better for those around me who worked so hard daily. Now I do. I selected these books to highlight the vast disparities between those with and without the comfort and luxury of good health.
Life expectancy among the working-class population in the United States was decreasing at an astounding rate well before the Covid-19 pandemic. While I was aware of growing inequality and decreasing access to health care for many, I didn’t realize how desperate the conditions of life seemed for many working-class Americans.
This book forced me to confront the uncomfortable reality of the health crisis among the many blue-collar workers living in the heartland of America.
A New York Times Bestseller A Wall Street Journal Bestseller A New York Times Notable Book of 2020 A New York Times Book Review Editors' Choice Shortlisted for the Financial Times and McKinsey Business Book of the Year A New Statesman Book to Read
From economist Anne Case and Nobel Prize winner Angus Deaton, a groundbreaking account of how the flaws in capitalism are fatal for America's working class
Life expectancy in the United States has recently fallen for three years in a row-a reversal not seen since 1918 or in any other wealthy nation in modern times. In the…
I’m passionate about economics and public policy because they are the tools we can use to improve our lives—everything from fighting a pandemic to preventing the next financial crisis. I’m interested in politics, too, because that is how policies get made in a democracy. We’re living through a time with serious social challenges and a political system paralyzed by partisanship. We have to do better.
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.
The Tax Reform Act of 1986 was the single most sweeping change in the history of America's income tax. It was also the best political and economic story of its time. Here, in the anecdotal style of The Making of the President, two Wall Street Journal reporters provide the first complete picture of how this tax revolution went from an improbable dream to a widely hailed reality.
A philosophy professor, my central interest has always been something historical: what is going on in this strange modern world we live in? Addressing this required forty years of background work in the natural sciences, history, social sciences, and the variety of contemporary philosophical theories that try to put them all together. In the process, I taught philosophy courses on philosophical topics, social theory, and the sciences, wrote books, and produced video courses, mostly focused on that central interest. The books listed are some of my favorites to read and to teach. They are crucial steps on the journey to understand who we are in this unprecedented modern world.
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.
'A landmark contribution to humanity's understanding of itself' The New York Times
Why can it sometimes feel as though half the population is living in a different moral universe? Why do ideas such as 'fairness' and 'freedom' mean such different things to different people? Why is it so hard to see things from another viewpoint? Why do we come to blows over politics and religion?
Jonathan Haidt reveals that we often find it hard to get along because our minds are hardwired to be moralistic, judgemental and self-righteous. He explores how morality evolved to enable us to form communities, and…
