89 Books Like The Hour Between Dog and Wolf

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.

This is a beautifully written story about bankers who rise, and fall spectacularly – into crime, in this case insider trading, with the loss of money, status, and prestige that followed.

What’s particularly fascinating is the historical, ethnic, and sociological backdrop. The book begins with a scene in which Indian-born Rajat Gupta, having come to the US and ascended to the highest echelons of the US business world, was attending a White House dinner for India’s Prime Minister.

The book ends as some people who had been on top are dealing with the aftermath of trials that went very badly for them. The word “Shakespearean” has been used to describe this book, and aptly so.

This book tells the story of how an interest rate (“LIBOR,” for London Interbank Offered Rate) used to set mortgage, credit card, and auto loan rates was manipulated. Sounds important, but maybe not so interesting? Wrong.

You don’t need to have the slightest interest in LIBOR to love this book. What really propels the book is the human story, intricately but compellingly told. We learn who the LIBOR manipulators were, how and why they did what they did, and the dynamics of the community they created.

We learn, too, about the institutions – huge financial institutions – that nurtured and lavishly rewarded these people, and the regulators who took rather too long to catch them. 

This book is a wry look at investment banking from the inside. The author, a banker and professor school professor, provides a rich and entertaining perspective on banks and bankers.  

The book captures an era when banks were changing dramatically, and, some might say, were getting less genteel. The author is really gifted at conjuring up and caricaturing some of banking’s pathologies.

I particularly loved the culminatory line in an account of junior analysts’ jobs in preparing “pitch books” – the analysts had to tout the bank’s “number one” status, and, scrambling to find something the bank was number one in, might fantasize about saying “We have 100% market share of all deals we did.”  

Jess is a Black liberal from Nebraska starting her first post-college job at Goldman Sachs. Josh is her white, conservative coworker from Connecticut and former thorn in her side from undergrad.

Watching these two opposites attract during the Obama-Trump transition was the most fun I ever had (the banter is top-notch) and had me squirming with its hyper-realistic portrayal of America’s political polarization. Will Jess and Josh’s love survive, or will it suffer death by a thousand microaggressions? Everything’s Fine is a romance wrapped in an enigma.

We often times spend all of our energy on the ways we should behave as a leader and do not put any energy into recognizing behaviors that are not helping us. Also, as your career unfolds, what might have worked for you previously may no longer be effective, yet we continue doing this behavior as it worked in the past.

I needed insight into my overall leadership behaviors and greater insight into behaviors I needed to evolve or move away from. Behaviors like “Failure to give proper recognition,” “Passing judgment,” and “an excessive need to be me” are all behaviors from which I needed to grow away and evolve. This is stuff we don’t hear enough of—often, we focus too much on where we need to go and not what we are doing now.

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.  

I loved this book because it is such an incredible example of brave journalism that exposes one of the biggest global financial scandals in history. The book outlines an intricate web of corruption involving a Malaysian sovereign wealth fund. It draws connections between Malaysia, Singapore, the Middle East, and the United States of America.

I love how they tell the story of an awkward schoolboy who finds a way to make it in with some of Hollywood’s biggest celebrities and some of the most reputable financial institutions, like Goldman Sachs. The book also shows who the “fall people” are, who bear all of the criminal risks while the mastermind, Jho Low, has not been caught. 

Marjorie Woollacott is a top-tier neuroscientist who started her scientific career believing that our minds, the brain, was a purely physical entity controlled by chemicals and electrical pulses. That all changed one day when she experimented with meditation for the first time - her world changed.

Over the years, as she continued with her meditation practice, she was faced with changing her belief about the mind, about what human consciousness really is. Her book pairs her research as a neuroscientist with her self-revelations about the mind’s spiritual power. Between the scientific and spiritual worlds, Dr. Woollacott investigates the existence of a non-physical and infinitely powerful mind.

Lisa Genova’s book is an efficient, crystal-clear description of memory—what it’s for, how it’s made, and why forgetting is such an essential aspect of memory. She manages to explain tricky neuroscience in an accessible way without being overly simplistic. I only wish the book had come out before I started researching mine. It would have saved me a lot of time!