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 12,000+ authors and super readers sharing their favorite books with the world.

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Book cover of The Big Short

Claire A. Hill Author Of Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment

From my list on bankers, especially bankers behaving badly.

Why am I passionate about this?

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.

Claire's book list on bankers, especially bankers behaving badly

Claire A. Hill Why Claire loves this book

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.

By Michael Lewis ,

Why should I read it?

9 authors picked The Big Short as one of their favorite books, and they share why you should read it.

What is this book about?

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…


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Book cover of The High House

The High House by James Stoddard,

The Victorian mansion, Evenmere, is the mechanism that runs the universe.

The lamps must be lit, or the stars die. The clocks must be wound, or Time ceases. The Balance between Order and Chaos must be preserved, or Existence crumbles.

Appointed the Steward of Evenmere, Carter Anderson must learn the…

Book cover of The Age of Turbulence: Adventures in a New World

Selwyn Parker Author Of The Great Crash: How the Stock Market Crash of 1929 Plunged the World into Depression

From my list on economics and investment.

Why am I passionate about this?

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.

Selwyn's book list on economics and investment

Selwyn Parker Why Selwyn loves this book

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.

By Alan Greenspan ,

Why should I read it?

1 author picked The Age of Turbulence as one of their favorite books, and they share why you should read it.

What is this book about?

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…


Book cover of The Ascent of Money: A Financial History of the World

Selwyn Parker Author Of The Great Crash: How the Stock Market Crash of 1929 Plunged the World into Depression

From my list on economics and investment.

Why am I passionate about this?

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.

Selwyn's book list on economics and investment

Selwyn Parker Why Selwyn loves this book

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.

By Niall Ferguson ,

Why should I read it?

1 author picked The Ascent of Money as one of their favorite books, and they share why you should read it.

What is this book about?

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…


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Book cover of December on 5C4

December on 5C4 by Adam Strassberg,

Magical realism meets the magic of Christmas in this mix of Jewish, New Testament, and Santa stories–all reenacted in an urban psychiatric hospital!

On locked ward 5C4, Josh, a patient with many similarities to Jesus, is hospitalized concurrently with Nick, a patient with many similarities to Santa. The two argue…

Book cover of The Great Crash 1929

Matthew P. Fink Author Of The Unlikely Reformer: Carter Glass and Financial Regulation

From my list on American financial history.

Why am I passionate about this?

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

Matthew's book list on American financial history

Matthew P. Fink Why Matthew loves this book

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.

By John Kenneth Galbraith ,

Why should I read it?

4 authors picked The Great Crash 1929 as one of their favorite books, and they share why you should read it.

What is this book about?

'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.


Book cover of The Power of Passive Investing: More Wealth with Less Work

Russell Wild Author Of Bond Investing For Dummies

From my list on investing so that you profit, not your broker.

Why am I passionate about this?

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.

Russell's book list on investing so that you profit, not your broker

Russell Wild Why Russell loves this book

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!

By Richard A. Ferri ,

Why should I read it?

2 authors picked The Power of Passive Investing as one of their favorite books, and they share why you should read it.

What is this book about?

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…


Book cover of The 12% Solution: Earn a 12% Average Annual Return on your Money

Jason Kelly Author Of The 3% Signal: The Investing Technique That Will Change Your Life

From my list on to learn systematic stock market investing.

Why am I passionate about this?

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.

Jason's book list on to learn systematic stock market investing

Jason Kelly Why Jason loves this book

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.

By David Alan Carter ,

Why should I read it?

1 author picked The 12% Solution as one of their favorite books, and they share why you should read it.

What is this book about?

How to make money in stocks?

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,…


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Book cover of Trusting Her Duke

Trusting Her Duke by Arietta Richmond,

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…

Book cover of The Role of Measurement in Economics

Alex M. Thomas Author Of Macroeconomics: An Introduction

From my list on becoming a critical economist.

Why am I passionate about this?

I am passionate about the dissemination of economic ideas both inside and outside university spaces. In addition to classroom lectures at my university, I give a lot of public lectures on economics. Through these talks, I introduce the audience to the tradition of doing economics using a critical perspective. I have an MA and MPhil in Economics from the University of Hyderabad and a PhD in Economics from the University of Sydney.

Alex's book list on becoming a critical economist

Alex M. Thomas Why Alex loves this book

Today, economics is synonymous with measurement.

This book on measurement in economics was published in 1951. Stone discusses the link between theory and empirics in this book.

I like this slim book of Stone’s because it shows the strengths and weakness of empirical exercises in economics. It also raises foundational questions regarding empirical constructs.

Books like this allow us to ask foundational questions regarding the links between theory and empirics in economics as well as theory and applications in statistics.

By Richard Stone ,

Why should I read it?

1 author picked The Role of Measurement in Economics as one of their favorite books, and they share why you should read it.

What is this book about?

First published in 1951, and originally delivered as the Newmarch Lectures for 1948-9, this book examines the role of measurement in obtaining and applying economic knowledge. Esteemed economist Richard Stone, who went on to win the Nobel Prize in Economics, divides his topic into four sections: questions of fact and empirical constructs; the truth or falsity of a hypothesis; the estimation of parameters; and questions of prediction. This book will be of value to anyone with an interest in economics and the development of the discipline.


Book cover of Machine Dreams: Economics Becomes a Cyborg Science

Avner Offer Author Of The Nobel Factor: The Prize in Economics, Social Democracy, and the Market Turn

From my list on the history of economic thought.

Why am I passionate about this?

As a Professor of Economic History at the Oxford University, I taught the history of economic thought and wrote articles and a book in the field (The Nobel Factor). I love the limpid style and encompassing view of the classical economists (the first century after Smith). Their literary and academic styles have been abandoned, but they still have a great deal to teach. The role of land and natural resources as a factor of production in their theory has become relevant again as the environment comes under pressure. I also published in several other fields. My latest book is Understanding the Private-Public Divide: Markets, Governments and Time Horizons (2022). 

Avner's book list on the history of economic thought

Avner Offer Why Avner loves this book

Read anything by Mirowski. By far the best writer in the field today.

Highly original, massively intelligent, stimulating, witty, deeply informed, a trenchant writer. His life’s work is to probe the validity and scientific pretensions of the discipline.

The critiques are biting, all the more so for the real-world authority wielded by economists. That he is sometimes a provocative maverick adds to the appeal.

Machine Dreams argued implausibly (for its time) that economics had embraced robotic simulation. The emergence of AI shows how far ahead of its time it was.

A better read than most straight economics. 

By Philip Mirowski ,

Why should I read it?

1 author picked Machine Dreams as one of their favorite books, and they share why you should read it.

What is this book about?

This was the first cross-over book into the history of science written by an historian of economics. It shows how 'history of technology' can be integrated with the history of economic ideas. The analysis combines Cold War history with the history of postwar economics in America and later elsewhere, revealing that the Pax Americana had much to do with abstruse and formal doctrines such as linear programming and game theory. It links the literature on 'cyborg' to economics, an element missing in literature to date. The treatment further calls into question the idea that economics has been immune to postmodern…


Book cover of A History of Balance, 1250–1375: The Emergence of a New Model of Equilibrium and its Impact on Thought

Emily Erikson Author Of Trade and Nation: How Companies and Politics Reshaped Economic Thought

From my list on economic theory by non-economists.

Why am I passionate about this?

I’m fascinated by systems of thought and very interested in understanding how we can improve our ability to create a better society for all. I think the past makes a good laboratory for investigating these kinds of questions. I got interested in early modern economic theory while researching the English East India Company for my dissertation in the sociology department of Columbia University, which was a great place for historical and computational sociology. I now teach economic sociology and theory as a professor at Yale University, another institution with amazing strengths in history, data science, and computational methods.

Emily's book list on economic theory by non-economists

Emily Erikson Why Emily loves this book

This book is for the truly dedicated because Medieval European Economic Theory isn’t particularly foundational or even correct by today’s standards, so value other than the intrinsic pleasure you get exploring these ideas is minimal. But the ideas are fascinating, and Kaye gives a lot of insight into how transformative ways of thinking about the world emerge over time.

By Joel Kaye ,

Why should I read it?

1 author picked A History of Balance, 1250–1375 as one of their favorite books, and they share why you should read it.

What is this book about?

The ideal of balance and its association with what is ordered, just, and healthful remained unchanged throughout the medieval period. The central place allotted to balance in the workings of nature and society also remained unchanged. What changed within the culture of scholasticism, between approximately 1280 and 1360, was the emergence of a greatly expanded sense of what balance is and can be. In this groundbreaking history of balance, Joel Kaye reveals that this new sense of balance and its potentialities became the basis of a new model of equilibrium, shaped and shared by the most acute and innovative thinkers…


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Book cover of Aggressor

Aggressor by FX Holden,

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…

Book cover of The General Theory of Employment, Interest and Money: With the Economic Consequences of the Peace

David Carli Author Of Forex Fundamental Analysis: Trade Forex Like a Fund Manager

From my list on master currency market analysis.

Why am I passionate about this?

I have been a financial analyst for over 30 years, including two as a fund manager specializing in currencies and commodities with a strong focus on fundamental analysis. These two markets are driven by distinct forces that must be understood to trade profitably and consistently. Ignoring these dynamics leads to pure speculation rather than a solid approach. Over time, I realized how essential it is to move beyond short-term trading and base decisions on solid fundamentals. Through Trading with David (website and YouTube channel), I share my insights and analyses, helping traders develop a deeper understanding of market dynamics and make well-founded trading choices.

David's book list on master currency market analysis

David Carli Why David loves this book

This is one of the most influential books on macroeconomics ever written. I found it particularly insightful because it explains the relationship between employment, interest rates, and money supply in a way that remains highly relevant today.

What I love about this book is how it challenges classical economic theories and introduces a more dynamic approach to understanding markets. Keynes’ insights into economic cycles and government intervention are invaluable for Forex traders who need to anticipate market reactions to fiscal and monetary policies. Even though it was written in the 1930s, many of its principles still shape modern economic thinking.

By John Maynard Keynes ,

Why should I read it?

2 authors picked The General Theory of Employment, Interest and Money as one of their favorite books, and they share why you should read it.

What is this book about?

John Maynard Keynes (1883-1946) is perhaps the foremost economic thinker of the twentieth century. On economic theory, he ranks with Adam Smith and Karl Marx; and his impact on how economics was practiced, from the Great Depression to the 1970s, was unmatched.

The General Theory of Employment, Interest and Money was first published in 1936. But its ideas had been forming for decades ? as a student at Cambridge, Keynes had written to a friend of his love for 'Free Trade and free thought'. Keynes's limpid style, concise prose, and vivid descriptions have helped to keep his ideas alive -…


Book cover of The Big Short
Book cover of The Age of Turbulence: Adventures in a New World
Book cover of The Ascent of Money: A Financial History of the World

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