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According to our community, you must have read these books!
RushRush Vermögenstracker e.U.
This week, we asked you on social media which book you absolutely had to read with regard to the topic of "finance" and you were really busy. We have summarized your favorites for you here. Of course, it's clear that it's not necessarily just the content of the book that matters, but also the way it's written. If you start reading a book and somehow you don't like it, you shouldn't give up on the topic right away, but maybe try out another author, as far as that's possible thematically, of course.
"The Intelligent Investor" by Benjamin Graham
Some people say that this is probably the most important book ever written for investors. Even Warren Buffet must have said that "This is by [...] far [the] best book ever written for investors." So it either represents a guide to active investing in stocks, or it offers interesting insights into the market.
But what is so special about the book? Is it perhaps that every reader is shown that you don't have to be of above-average intelligence, above-average network, or have special insights? Or is it special because it has been around for more than half a century, has been reprinted again and again, and is probably so timeless for that very reason? Because it doesn't create illusions of short-term success and a spontaneous money rush, but rather presents a long-term concept for success?
"Rich Dad, Poor Dad" by Robert T. Kiyosaki
Robert T. Kiyosaki's book is not only a Spiegel bestseller, but has also received numerous other appreciations. Considering the way it is written, it is hardly surprising why it has reached so many people and probably still does. Particularly in the financial industry, one sometimes has the feeling that everyone has to prove how much he or she knows and the more complex he or she expresses himself or herself, the smarter the person appears. And this is exactly where this book comes in. With the help of a perhaps true story, the author manages to show the reader in a very simple and understandable way what difference the parental home can have on financial education. He recounts his childhood with his biological father, a man with an above-average education, but who cannot achieve stability financially because he cannot escape the hedonistic life. On the other hand, there is the wealthy father of a friend who, if the explanations are to be believed, significantly shapes him despite the lack of formal schooling thanks to a strong understanding of entrepreneurship and how to handle money.
"The Bitcoin Standard" by Saifedean Ammous
Jumping back in time to the beginning of money, the author takes readers on a journey with many exciting stops along the way. Through ancient stone currencies, to the gold standard and ultimately the introduction of the blockchain. And despite some of Bitcoin's controversial role among investors and financial enthusiasts, one gets a glimpse into the background and motivations of the community.
"Think and grow rich" by Napoleon Hill
This book is also more of an old hand. It originally dates back to 1937, but has held up very well to this day. And that statement is probably the understatement of the century, as the book has sold over 60 million copies. The way the book is written, however, it's not just about absorbing knowledge, but also about working on yourself and your personality, and then ultimately getting closer and closer to your goal of financial independence. So the book is really work. It therefore also seems logical that concrete investment strategies are not shared, but rather the reader is given the tools to shape their own thoughts and beliefs so that wealth and riches are the logical consequence of action.
"The Fiat Standard" by Saifedean Ammous
In part, this book is seen as part two to the Bitcoin Standard. However, in this book, a shorter section is highlighted in terms of time than in the previous book. The economist discusses the abandonment of the gold standard and describes today's government-backed fiat money systems and possible developments in the future.
So much for the books that made it to your best list. But of course, these are far from all the exciting books in our industry. If we have missed something important, please let us know and we will of course add more in the future.