These Are The 5 Best Money Books I’ve Ever Read
Money, sex, drugs, rock n roll, alcohol, power, and bankruptcy
I just finished my book #11 in the year 2022.
I read at least 3 books a month.
Also, I have made a habit of reading the Bible every day before bed.
You can point to any best-seller on the self-help shelf at the corner bookstore, but the Bible is the best self-help and success book there is.
Add these books to your shelf or library.
Adventure Capitalist — The Ultimate Investor’s Road Trip, by Jim Rogers
Jim Rogers spent about 3 years traveling to the most remote places in the world and took lots of notes. And instead of talking about sights and scenery or the restaurant with the best food, Rogers takes an in-depth look at the society and economy of each country he travels to.
If he likes what he sees, he goes to the bank and invests a little money in local companies and businesses.
Moreover, Jim Rogers is one of the most respected investors in the world.
The Buy Side: A Wall Street Trader’s Tale of Spectacular Excess, by Turney Duff
This is the autobiography of a guy who fell into Wall Street.
His parents were not rich, he did not go to an expensive university, instead, he moved to New York to become a journalist, saw that he was going to starve to death in journalism, got a job at a firm in the financial markets, and became a multimillionaire trader a few years later.
It is that old story from the finance books describing the New York financial market in the 1990s: money, sex, drugs, rock n roll, alcohol, power, and bankruptcy.
Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone, by Chrystia Freeland
This is the summary of social inequality around the world: the rise of the super-rich and the fall of everyone else.
In one of the White House elections, one of the main discussions was the duality between the “top 1%” and the other 99% of American society.
This book goes further! It focuses not on the 1% but the 0.01% of society.
People that the big investment banks call UHNW (Ultra-High Net Worth individuals).
People who studied at Oxford, Cambridge, or the Ivy League, who attend the Davos forum, who go to the South of France in May for the Cannes Film Festival and the Grand Prix de Monaco, who spend their holidays in Saint Tropez, Ibiza, or South Beach, who invest in stock markets in five different time zones, and who spend New Year’s Eve in Saint Barts.
He explains how the power and wealth of the world are concentrated in fewer and fewer people.
Get Rich Carefully, by James J. Cramer
Jim Cramer is hated by 10 out of 10 financial market professionals.
But it is all envy and stupidity!
The guy is really fucked up and is where many of them wanted to be: on TV, in the spotlight!
For those who don’t know him, he has a daily show on CNBC “Mad Money” in which he interacts with amateur investors, teaches them how to invest, and gives his tricks about the market.
Cramer has written a lot of books, but in this one, he has outdone himself. He basically teaches people how to be the cock of the galaxy in analyzing companies.
In Get Rich Carefully, he goes sector by sector and shows the key indicators that investors need to pay attention to spot a trend and make a buck (both short and long).
Usually, analysts are specialists in only one sector, but Jim Cramer is so cool that he manages to write and teach in a very simple and direct way everything about mining, heavy industry, oil and gas, consumer, electrical, automobiles, defense, telecom, internet, transportation, construction, and even biotechnology!
For the people who are starting to invest, this will be your bible!
Young Money — Inside the Hidden World of Wall Street’s Post-Crash Recruits, by Kevin Roose
Young Money tells the story of the 20-somethings who graduate from the best universities in the United States and go to work as analysts in one of the big investment banks in New York.
Can you imagine being 21 years old, living alone in New York City, and pocketing a salary of about $9,000 a month?
In the story of the eight young men the author describes in the book, the money part is the only positive point.
Working 16-hour days, sleepless nights, semi-slavery, authoritarian bosses, mass layoffs, outsourcing, endless Excel spreadsheets, caffeine pills, Red Bull, cocaine, vodka, whiskey, strip clubs, harsh winters, psychiatrists, black box drugs, depression.