Here’s a running list of the best personal finance books broken down by category and expected takeaways that you can work through based on interest level and time.
The Hall of Fame
The books everyone should read. Important baseline information. Not too technical.
The Millionaire Next Door by Thomas Stanley and William Danko
The best personal finance book of all time. Shares who the wealthy are in America and how they got there. My review: The Millionaire Next Door
The Psychology of Money by Morgan Housel
Focuses on the harder to learn soft money skills you need. My review: The Psychology of Money
The Little Book of Common Sense Investing by John C. Bogle
Teaches investment basics and what drives market returns. The advice to ignore international stocks and only index need updating, but this book can teach you a LOT.
A Deeper Dive
More information about certain Hall of Fame topics.
Stocks for the Long Run by Jeremy Siegel
Stocks are an excellent way to build wealth, and this book is the authority on long-term stock investing and so much more.
All About Asset Allocation by Richard Ferri
Your investment return is primarily driven by your asset allocation, and this book covers the topic well.
The Little Book of Behavioral Investing by James Montier
All the investment knowledge in the world won’t help you if you cannot avoid behavioral investment mistakes.
“History doesn’t repeat itself, but it often rhymes” – Mark Twain
Bull! A History of the Boom and Bust, 1982 – 2004 by Maggie Mahar
A detailed look at the phenomenal market boom of the 80’s and 90’s.
Manias, Panics, and Crashes by Charles Kindelberger
A history of financial crises dating back to the South Sea Bubble.
Too Big to Fail by Andrew Ross Sorkin
The definitive account of the credit crisis that led to the Great Recession. Reads like a thriller.
Lessons in Unique Places
Moneyball by Michael Lewis
Perhaps the best investment book out there is a baseball story about how a team without resources competed with rich teams by focusing only on the numbers.
The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
The greatest investor of all-time, the big guy himself, profiled in this biography. Here’s his story. Here’s how he did it.
A Conspiracy of Paper by David Liss
The historical fiction thriller about wealthy stock trades, market manipulation, and the South Sea Bubble is an fun way to learn about money.
Ways and Means: Lincoln and His Cabinet and the Financing of the Civil War by Roger Lowenstein
Before the Civil War, the government had no authority to raise taxes, no central bank, and no currency. To win the war, all these things were remedied (and more) and the greenback dollar was created.
Great Stories that Teach
The Quants by Michael Patterson
Mathematical brilliance, hubris, and debt fuel the fortunes of the investors profiled here and cause them to go bust.
Bitcoin Billionaires by Ben Mezrich
A sequel of sorts to Accidental Billionaires, it chronicles the Winkelvoss comeback and explains bitcoin well.
No One Would Listen by Harry Markopolos
One guy tried to warn us about Bernie Madoff. One guy had it figured out and “no one would listen.”
Bonus Videos About the Economy
Two videos about the economy.