Irving Fisher, Binghampton 1932
In this book Fisher explains the causes of the stock market boom of the late 1920s and why the boom came to an abrupt end. Fisher's account of the events around the 1929 crash is particularly relevant to the present as there are so many similarities to the present economic environment.
Irving Fisher, New York 1930
Written in November 1929, this book captures the mood of the time extremely well. The book's last sentence is particularly noteworthy: "For the immediate future, at least, the outlook is bright." A few months later this century's greatest depression got underway.
Constantino Bresciani Turroni, Bocconi 1931
This book explains the impact of hyperinflation on real estate prices, wages, stock prices, etc and why hyperinflation does create life-time buying opportunities. This is the best book ever written about the mechanics of inflation and the problems and opportunities in hyperinflationary times.
Jules Vernes
Jules Vernes did not just extrapolate past trends into the future, but made bold predictions, considered at the time to be fantasies of a lunatic. Yet, all his predictions were realized and, therefore, I consider Jules Vernes to be the greatest forecaster of all times.
Paulo Coelho, Harper 1994
It is a remarkable tale about the most magical of all journeys: The quest to fulfill one's own destiny. The shepherd's boy Santiago joins the ranks of Candid and Marco Polo by taking the reader on a adventures journey full of hardship, which he overcomes with perseverance and the conviction that in order to fulfill one's dream nothing is an obstacle. The book will make you understand more about yourself and the world of business and investments.
Sidney Homer, New Jersey 1977
This book was edited by Henry Kaufman and is the bible of credit markets. Online traders will not find any "hot tips" in this monumental work, but the student of financial markets will use it as a reference for putting current trends into a historical perspective.
Milton Friedman, University of Chicago Press 1962
Friedman shows in this easy to read book why capitalism serves as both a system for achieving economic freedom and a necessary condition for political freedom. This is probably the best introduction into macroeconomics that was ever written. Highly recommended.
Marc Faber
