Category Archives: Top

‘Poor Economics’ by Abhijit Banerjee and Esther Duflo

No Comments

One of the most inspiring books that I read recently is Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty* by Abhijit V. Banerjee and Esther Duflo. I think this book is outstanding because it not only covers new perspectives on global poverty but also examines the tiny business operations from poor people. While some other authors focus only on the entrepreneurial spirit of poor business owners (which for sure exists in many cases), go Banerjee and Duflo a bit further and explore the problems like a lack of profitability, risk management issues and limited or missing growth prospects. They also include discussions about the proper use of development aid and how the success of projects is often spoiled by misinformation, myths and cultural conflicts. Banerjee and Duflo’s book is an enjoyable and insightful read.

*
image credit: Amazon
Read More

Categories: Economy Leadership Top

Best Finance and Investment Books

No Comments

Here some of my most favorite finance books:

  1. The first book I would recommend anyone to read about finance and investing is A Random Walk Down Wall Street* by Burton Gordon Malkiel. The book is easy to read and I think understandable for everyone with some interest for financial topics (including lay investors). Good for beginners. Still, it is well well-founded and science-based. It is not one of this “how to get rich fast” books, but rather sound advice for long term investors. He is focused on fundamental analysis. According to Malkiel, the technical analysis approach is used by those who believe in what he calls “castle-in-the air theory” (also known as “greater fool theory” or “survivor investing”). For me it is probably the best investment book I’ve ever read and my top pick for this recommendation list it would be this book.
    *
    Read More

Categories: Finance Top