Global Investing

What’s on your reading list?

December 17, 2009

If anyone needed a reminder that Christmas and NewYear holidays are almost here, Societe Generale has provided it. Analyst Dylan Grice has picked up the mantle of the departed James Montier to offer a seasonal reading list for those with a fixation about investment and economics.

True, some people might prefer to immerse themselves in a rollicking sea tale from Patrick O’Brian or a good old  Sookie Stackhouse vampire mystery. But we know that Reuters blogs’ readers are a discriminating lot with a keen understanding of and passion for finance. So here is Dylan’s list of six must-reads:

1. Manias, Panics and Crashes, by Charles P. Kindleberger;
2. The Essays of Warren Buffet, edited by Richard Cunningham;
3. Reminiscences of a Stock Operator, by Edwin Lefevre;
4. Fooled by Randomness, by Nassim Taleb;
5. The Case against the Fed, by Murray Rothbard;
6. Judgement under Uncertainty: Heuristics and Biases, eds Kahneman, Slovic and
Tversky.

So what is your reading list? Tell us what you would include  and why.

Comments
7 comments so far | RSS Comments RSS

The above lists are acceptable.
I like to read the following works from world famous writers and intellectuals of their respective fields.
1.Future shock,
2.Important writings on Economics from Reuters.
3.All B.Russel!s works.
4. Correct,real answers for recent world Recession.
5.Cause and Effect of Iraq-Afghan conflict creations, expenses and outcome of these day today happenings.
6.I am a individualist,avid reader on any vital works from world class writers.

Posted by mdspatsy | Report as abusive
 

Even though I follow the Reuters’ blogs, my reading list is far from the subjects of finance :-) These are my reading list before 2010 hits!

1) Hot, Flat, and Crowded by Thomas Friedman
2) African-American Philosophers: 17 Conversations by George Yancy
3) Packing the Court by James MacGregor Burns

Posted by wintdkyo | Report as abusive
 

I’m in the middle of Larry McDonalds new book “A Colossal Failure of Common Sense – The inside story of the collapse of Lehman Brothers”.

It’s a very entertaining read written in language that
most non-financial types will be able to understand. The book puts the recent financial disaster in perspective and sheds light on the inner workings of a (formerly) respected Wall Street giant.

Posted by Missinginaction | Report as abusive
 

The holidays are the best time to catch up on more mundane reading. All other forms of entertainment can be easily found on TV or in the presence of loved ones. In your time aside, a little serious reading doesn’t hurt. You can even impress your friends and family by sustaining a powerful argument on these sobering issues. Preferably after the wine starts flowing.

Those keen in finance can’t have a complete understanding of the field without an understanding of economics. In fact, one could argue that at the heart of the financial crisis is a critical misunderstanding of history (Ferguson) and economics. Von Mises and Hayek are pillars of classical liberalism, and Schiff’s prescient thoughts on long-term investing strategies offer a perspective regarding financial stability that is often lost among the chaos of our planet’s recent myopia.

Finally, the most important issue of our era: global sustainability – playing into this are the concepts of “global warming”, “population control”, “food scarcity”, and “climate change”. The root factor is learning to live as a global civilization within the confines of a finite planet.

1. Human Action, by Ludwig von Mises
2. Road to Serfdom, by Friedrich von Hayek
3. Crash Proof 2.0, by Peter Schiff
4. The Ascent of Money, by Niall Ferguson
5. Common Wealth, by Jeff Sachs

Posted by Haerdt | Report as abusive
 

Considering the financial disaster that reached it’s peak (so far anyway) last spring I have a suggestion…..

A Colossal Failure of Common Sense – The inside story of the collapse of Lehman Brothers.

This entertaining and frightening expose by former Lehman vice president, distressed-debt and convertible securities trading Larry McDonald, paints a frightening and sometimes comical portrait of the death throes of a Wall Street powerhouse.

I believe that it’s readable by the financially savvy as well as people relatively unfamiliar with the financial markets thanks to it’s co-author Patrick Robinson.

Recommended!

Posted by Missinginaction | Report as abusive
 

1. Atlas Shrugged by Ayn Rand — Chilling, over-the-top-but-hauntingly-educational.

2. Brave New World by Huxley — (same reason as above)

3. Farenheit 451 by Bradbury — Yikes! Seems like a totally different story when read 25 years after high school. Imagine, walls of entertainment in our home… hmmm.

Posted by beautifulbooks | Report as abusive
 

It is always interesting to see a left or right slant in people’s non-fiction book lists.
Economy is just one of the aspects of social science we should be taking interest in.
My list, abbreviated”
1.)Any and all of Malcolm Gladwell’s books- “Blink”, “The Outliers”, and “The Tipping Point: How Little Things Can Make a Big Difference”
2.)”What’s the Matter With Kansas? How Conservatives Won the Heart of America” by Thomas Frank.
3.)”Guns, Germs, and Steel: the Fates of Human Societies” by Jared M. Diamond
4.)”From Poverty to Prosperity: Intangible Assets, Hidden Liabilities, and the Lasting Triumph Over Scarcity” by Arnold Kling and Nick Schulz

This short list covers what should be pertinent to the average American, relaxed and liberal in values, yet surviving hand to mouth under someone else’s thumb.

Posted by ACPants | Report as abusive
 

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/