“The Investor’s Manifesto: Preparing for Prosperity, Armageddon, and Everything in Between” by William Bernstein In a nutshell Must read book for investors; Bernstein calls it the way he sees it. He starts off with the observation that only a very small minority of investors will succeed at managing their own investments (this by the way […]

“The Ascent of Money” by Niall Ferguson In a nutshell If you are interested in the history of finance, its visionaries and innovators, the financial products whether toxic and otherwise, explanation of financial terms, and how the financial industry through its greed and stupidity almost (at least for now) plunged us into the next Great […]

“This Time is Different”by Reinhart and Rogoff In a nutshell The authors provide “a quantitative history of financial crises in their various guises. Our basic message is simple: We have been here before”. They say that common theme leading to crises is “excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, […]

“Animal Spirits” by Akerlof and Shiller In a Nutshell Akerlof and Shiller argue that traditional macroeconomic theory has lost its way by making it more scientific, with the result that it only addresses a small part of the observed macroeconomic behavior because it only focuses on rational and economic drivers. ‘Animal spirits’ (irrational or non-economic […]