In 'Where Are the Customers' Yachts?', Fred Schwed Jr. delivers a witty and incisive critique of the financial industry, exposing the myths and misconceptions that pervade Wall Street. The book humorously explores how financial professionals often prioritize their own wealth over clients' financial well-being, and it offers insights into human psychology and investment behaviors. First published in 1940, the book remains relevant today, cautioning investors to approach financial advice with skepticism.
The Education of Henry Adams is an extended meditation on the rapid changes in society, technology, politics, and intellect during Adams's lifetime. The book critiques traditional education for its failure to prepare him for the scientific and technological advancements of the late 19th and early 20th centuries. Adams reflects on his experiences, friendships, and self-education, highlighting his bewilderment and concern over the rapid progress of science and technology. The autobiography is narrated in the third person and includes humorous and sarcastic self-criticism, as well as insights into notable events and figures of the time.
The Big Short tells the story of the 2007-08 financial crisis through the lens of several key players who predicted and profited from the collapse of the housing market. The book focuses on characters such as Steve Eisman, Mike Burry, Greg Lippmann, and the founders of Cornwall Capital, who saw the impending disaster and made significant gains by shorting the market. Lewis explains the complex financial instruments and the systemic failures that led to the crisis, making the narrative both accessible and engaging.
Jacob Goldstein's "Money: The True Story of a Made-Up Thing" is a comprehensive exploration of the history of money, tracing its evolution from ancient bartering systems to modern digital currencies. The book delves into the social, political, and economic forces that have shaped our understanding and use of money. Goldstein examines various monetary systems throughout history, highlighting the role of trust, innovation, and crisis in their development. He also explores the complexities of modern finance and the challenges posed by new technologies like cryptocurrency. The book offers a fascinating and insightful look at one of humanity's most fundamental inventions.
Liar's Poker is a non-fiction, semi-autobiographical book that details Michael Lewis's three-year tenure at Salomon Brothers, one of Wall Street's premier investment firms in the 1980s. The book provides a behind-the-scenes look at the culture of bond traders, highlighting the frat-boy camaraderie, killer instincts, and high-stakes games of bluffing and deception. Lewis describes the creation and use of mortgage bonds, the excessive bonuses, and the ruthless competition among traders. The narrative also touches on the author's disillusionment with the industry, leading to his resignation and transition into financial journalism.
Published in 1949, 'Nineteen Eighty-Four' is a cautionary tale set in a future where the world is divided into three totalitarian super-states: Oceania, Eurasia, and Eastasia. The novel follows Winston Smith, a minor functionary in the Ministry of Truth in Oceania, who begins to question the all-pervasive authority of the Party and its leader, Big Brother. Winston's rebellion, fueled by his forbidden love affair with Julia and his interest in the mysterious Brotherhood, ultimately leads to his capture and brutal reeducation by the Thought Police. The novel explores themes of mass surveillance, censorship, and the manipulation of truth, serving as a powerful warning about the dangers of unaccountable governments and the erosion of individual freedom and dignity.
Against the Rules with Michael Lewis 
