“Academic qualifications are important and so is financial education.” – Robert Kiyosaki, author of Rich Dad, Poor Dad
Individual reviews will be coming soon! I’m happy to start with the first blog post that talks about 5 books on finance and economics that are must-reads… some of them may be tough but add tons of value.
1. The Ascent of Money
A Financial History of the World – by Niall Ferguson
Essential for knowing how the complex financial system has evolved over time. The best feature of the book is that it conveys plenty of information without being text-bookish. Illustrations are pretty useful too.
2. Liar’s Poker
– by Michael Lewis
A funny and intriguing account of what goes on in Wall Street. Useful for those who haven’t worked directly in the finance sector. Moneyball and The Big Short are a few other books by the same author.
3. Fault Lines
– by Raghuram Rajan
Couldn’t agree more with the comments by George A Akerlof, author of Animal Spirits and Identity Economics:
“Fault Lines provides an excellent analysis of the lessons to be learned from the financial crisis, and the difficult choices that lie ahead. Of the many books written in the wake of our recent economic melt-down, this is the one that gets it right”
4. Capital in the Twenty-First Century
– by Thomas Piketty
Translated from French, the book focuses on wealth and income inequality in Europe and the United States since the 18th century
5. The Intelligent Investor
The definitive book on Value Investing – by Benjamin Graham
The name says it all. If you have heard of Warren Buffet and follow him, you may have read this book too!
It will be nice to know which other books you recommend for gaining a better understanding of finance and economics. Share your thoughts in the comments below.