Here are 27 books that Extraordinary Popular Delusions and the Madness of Crowds fans have personally recommended if you like
Extraordinary Popular Delusions and the Madness of Crowds.
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I used to be a reporter at The Wall Street Journal, where I covered markets and economics. I had a front-row seat for the dot-com boom, the financial crisis, the rise of bitcoin and cryptocurrencies, and the 2020 crash. I was immersed in money and the culture of money, and how it drives and distorts society. I regularly talked to brokers, analysts, executives, investors, politicians, and entrepreneurs. I had billionaires’ phone numbers. And being around all that made me wonder, what is money, and why do we value it so? Why is the pursuit of wealth seen as a virtue? So I started studying our culture of money.
I started working for Dow Jones Newswires during the dot-com boom and saw how greed could drive markets. I worked through the housing boom in the Aughts and the financial crisis, and then started covering bitcoin around 2013. So by the time I got to Lewis’s book, I had a good understanding of how people can become obsessed with money.
But Lewis is just such a good writer, and has such insights into how markets work, that a book about bond buyers in the 1980s still feels like it’s about people trading so many other things today.
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…
It is April 1st, 2038. Day 60 of China's blockade of the rebel island of Taiwan.
The US government has agreed to provide Taiwan with a weapons system so advanced that it can disrupt the balance of power in the region. But what pilot would be crazy enough to run…
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…
Being a creative person, I studied design to make the world better… only to realise that great ideas and designs often falter because we hold ourselves back by the way we think. I had to study philosophy to understand what is limiting us. And then I left my own design work behind to study the practices expert creatives (like top design professionals) have developed to get past these roadblocks. Having discovered how they can create new frames, time and time again, it has become my mission to empower other people to do this – not only on a project level, but taking these practices to the organizational sector and societal transformation.
In this classic book, Kuhn introduces the idea of a "paradigm" and shows that real progress comes through paradigm shifts.
That hit me like a rock when I first read it. I love how in the second edition, Kuhn talks about the difficulties of deep change: "the problem is that the new paradigm is always worse than the old one."
The new paradigm may be better in some way, but it is also sketchy, unformed, and it creates lots of new uncertainties. So, for somebody to shift to a new paradigm always requires a leap of faith!
A good book may have the power to change the way we see the world, but a great book actually becomes part of our daily consciousness, pervading our thinking to the point that we take it for granted, and we forget how provocative and challenging its ideas once were-and still are. "The Structure of Scientific Revolutions" is that kind of book. When it was first published in 1962, it was a landmark event in the history and philosophy of science. And fifty years later, it still has many lessons to teach. With "The Structure of Scientific Revolutions", Kuhn challenged long-standing…
A Duke with rigid opinions, a Lady whose beliefs conflict with his, a long disputed parcel of land, a conniving neighbour, a desperate collaboration, a failure of trust, a love found despite it all.
Alexander Cavendish, Duke of Ravensworth, returned from war to find that his father and brother had…
I was a business school professor for 38 years, always fascinated by how organizations could (or couldn’t) adapt to their changing environments. Over the course of my career, I observed and studied how organizations sought to adapt to major disrupting forces such as new information-processing technologies, internationalization, downsizing, new organizational forms, digitization, and artificial intelligence. Today’s global business environment is complex, dynamic, and highly interconnected. The only way to adapt is through collaboration–organizations must be able to quickly respond to any environmental change by identifying appropriate resources wherever they may exist and efficiently marshaling them into a desired response and eventual solution. In competitive terms, this is called a “relational advantage.”
Nike is one of the most recognized companies in the world. Known for its innovative products and its focus on high performance, the Nike mystique intrigues everyone. I love this book because it tells the story of Nike from the very beginning. Few people are aware of the many obstacles this company overcame to become the powerhouse it is today.
A new company must be innovative just to survive, and Shoe Dog describes years of struggling and experimentation at Nike simply to gain traction in its business. The massive scale the company now enjoys is built on collaborative partnerships with athletes, designers, suppliers, and many others in its vast ecosystem.
'A refreshingly honest reminder of what the path to business success really looks like ... It's an amazing tale' Bill Gates
'The best book I read last year was Shoe Dog, by Nike's Phil Knight. Phil is a very wise, intelligent and competitive fellow who is also a gifted storyteller' Warren Buffett
In 1962, fresh out of business school, Phil Knight borrowed $50 from his father and created a company with a simple mission: import high-quality, low-cost athletic shoes from Japan. Selling the shoes from the boot of his Plymouth, Knight grossed $8000 in his first year. Today, Nike's annual…
I have for 28 years helped organizations around the world scale their business. I'm a dedicated innovator and thought leader in artificial intelligence and digital commerce. My passion for innovation thrives in exploring how AI can transform businesses and improve lives. I've authored 10 books and shared my insights as a professional speaker to educate, inspire, and motivate others. I love delving into the future of AI and innovation, which drives me to constantly learn and share knowledge. This list reflects the books that have significantly influenced my journey. My life is about pushing forward, always looking for alternatives to understand where those paths might lead us.
This book has been a timeless source of wisdom for me. I love how Sun Tzu's insights on strategy, leadership, and adaptability transcend time and are incredibly applicable to modern business challenges.
This book has profoundly influenced how I approach competition and strategic planning in AI and technology sectors. It reminds me that understanding the landscape and being flexible is key to success.
I’ve always been fascinated with money and investing. Trading is but one segment of the market, but it’s one that creates a lot of drama and excitement that draws people in—and that creates great stories. I also want people to do their research before they trade, because so many people lose money. Preparation, discipline, and strategy improve the odds of success. I’m a long-time financial author and consulting analyst. I have an MBA and am a CFA charter holder, the whole bit, and want to make financial information more accessible. There are a lot of people with a vested interest in making things more complicated than they need to be.
Great trades come from market analysis, not hot tips on Reddit. Candlestick charts contain an enormous amount of information about market trends and activity. Learning charting takes some time, and this book is a great start. Whatever system you decide to follow, make notes of your trades. Plan them out, then note what worked and what didn’t.
Want to gain a trading edge with candlestick charts? Find them a little confusing? No worries! Candlestick Charting For Dummies sheds light on this time-tested method for finding the perfect moment to buy or sell. It demystifies technical and chart analysis and gives you the tools you need to identify trading patterns - and pounce! This friendly, practical, guide explains candlestick charting and technical analysis in plain English. In no time, you'll be working with common candlestick patterns, analyzing trading patterns, predicting market behavior, and making your smartest trades ever. You'll discover the advantages candlestick has over other charting methods…
The Duke's Christmas Redemption
by
Arietta Richmond,
A Duke who has rejected love, a Lady who dreams of a love match, an arranged marriage, a house full of secrets, a most unneighborly neighbor, a plot to destroy reputations, an unexpected love that redeems it all.
Lady Charlotte Wyndham, given in an arranged marriage to a man she…
I’m Darius Foroux (pronounced Dare-eus For-oe), and thanks for exploring my recommendations. As a former mutual funds advisor, I understand the complexity of finance, a lesson driven home when I lost two-thirds of my investment in 2007. Not wanting to repeat my costly mistakes, I earned degrees in business and finance, launched a business, and continuously educated myself on investing. The biggest thing I learned? Investing and wealth-building aren’t logical but emotional. I'm passionate about helping others achieve financial independence and live on their terms. My book empowers you to manage your emotions, build wealth, and enjoy life, regardless of the stock market's ups and downs.
As mentioned, I’m a big fan of Buffett’s investing strategy. That’s because it can be applied by anyone, even those who don’t work in finance–while yielding a good profit. Since I don’t want to be stressing over the markets daily, the best fit is a passive investing strategy.
This book gathers 50 years of Warren Buffett’s letters to Berkshire Hathaway shareholders, a great way to better understand the man’s thinking process. Buffett doesn’t only talks about how investing really works, he also shares his philosophy for life.
Warren E. Buffett first took control of Berkshire Hathaway Inc., a small textile company, in April of 1965. A share changed hands for around $18 at the time. Fifty letters to shareholders later, the same share traded for $226,000, compounding investor capital at just under 21% per year-a multiplier of 12,556 times.
This book compiles the full, un-edited versions of 50 years of Warren Buffett's letters to the shareholders of Berkshire Hathaway. In addition to providing an astounding case study on Berkshire's success, Buffett shows an incredible willingness to share his methods and act as a teacher to his many…
I have produced twenty books/DVDs and three academic papers on finance and social-mood theory. I also write a monthly publication on markets titled The Elliott Wave Theorist. For a bio, visit robertprechter.com. My recommended titles convey financial markets’ nonrational nature in a visceral way. If you understand that feature, if you feel it, you will have a fighting chance to succeed at investing.
This is one of my favorite books because rather than observing the follies of others, this author details his own. Reading it is like watching a tragedy when you already know the well-meaning protagonist is going to die.
The author chose to remain anonymous for obvious reasons: He thought he was a rare fool. But getting wiped out happens all the time, to many people. If you want to experience vicariously a dangerous thrill ride that you may or may not already have taken, this is your ticket. The book is out of print and hard to find.
This is the totally galvanizing confession of an amateur investor who at first made money in the stock market and then tried to make money faster.... With a directness that startles, with specific references to specific stock transactions, with an abundance of detail unique in investment literature, the author takes the reader on a devastating roller-coaster ride through the market. From the "hot" tip and the impulsive phone-order to buy or sell, to the verdict in next morning's financial pages; from the chase after people who "know their way around," to the frantic switching of brokers and systems; from the…
I have produced twenty books/DVDs and three academic papers on finance and social-mood theory. I also write a monthly publication on markets titled The Elliott Wave Theorist. For a bio, visit robertprechter.com. My recommended titles convey financial markets’ nonrational nature in a visceral way. If you understand that feature, if you feel it, you will have a fighting chance to succeed at investing.
Over 100 years ago, a stockbroker wondered why his clients lost money over a full cycle in the stock market. After all, if stocks were back to where they started, shouldn’t they have broken even? He found that at bottoms, investors were cautious short-term traders, whereas at tops, they were confident long-term owners.
This little booklet is available inexpensively on Amazon.
The circulation of a mere rumor that the Morgan interests are accumulating Steel or that the Standard Oil crowd is getting out of St. Paul is sure at any time to create a market following. Most of the tips that are hawked about the Street are based on the supposition that somebody-or-other of consequence is buying or selling certain stocks. I do not know of a single case where anyone has been able to make money consistently by following information of this character, even when the information comes to him first hand. -from "A Speculative Decision" In 1917, an insider…
This book follows the journey of a writer in search of wisdom as he narrates encounters with 12 distinguished American men over 80, including Paul Volcker, the former head of the Federal Reserve, and Denton Cooley, the world’s most famous heart surgeon.
In these and other intimate conversations, the book…
My expertise regarding the approaching World War III: My father—John Bradley—fought in the horrible battle of Iwo Jima. My young future dad’s best friend—Ralph Ignatowski—was tortured to death underground for three days. My father was forced to find his body. It’s all covered in my book Flags of Our Fathers and the Steven Spielberg/Clint Eastwood movie of the same name. I have spent my adult life interviewing victims of war and produced five books about war’s inanity and horror.
This book helps us understand why all the sheep around us are illogically but emotionally walking over the cliff into World War III.
We imagine ourselves as individual agents making our own free will choices, but actually, we are walking, talking bundles of feelings who desperately wish to be judged by other sheep as good members of a tribe. We move as a herd, and to war again the crowd is going. We chant, “Follow the Leader.” But we follow the followers.
One of the most influential works of social psychology in history, The Crowd was highly instrumental in creating this field of study by analyzing, in detail, mass behavior. The book had a profound impact not only on Freud but also on such twentieth-century masters of crowd control as Hitler and Mussolini — both of whom may have used its observations as a guide to stirring up popular passions. In the author's words, "The masses have never thirsted after the truth. Whoever can supply them with illusions is easily their master; whoever attempts to destroy their illusions is always their victim."…
