Who are the best financial writers

Book Tips: My Recommendations for Financial Books

Sorted by categories, you will find my recommendations for here Financial books and other literature that will take you further in wealth creation and beyond.

(Note: all recommendations on this page are provided with affiliate links.)

Contents overview:

Financial Books: Passive Investing

Invest confidently with index funds and ETFs by Gerd Kommer

"Invest confidently" can be described as THE standard work on index-oriented investing in German-speaking countries. Gerd Kommer explains how securities markets work and why index investments are the better choice for private investors.

For me it was the first financial book that introduced me to the idea of ​​passive investing. Absolute reading recommendation!
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The Buy and Hold Bible by Gerd Kommer

In its "Buy and Hold Bible" Gerd Kommer deepens the idea of ​​passive investing and explains in detail why holding stocks over the long term pays off and is superior to hectic trading in securities.

It also provides extensive data on the historical returns of the most important asset classes. Those who like numbers will love this book!
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Winning the loser's game by Charles D. Ellis

For the American financial author Charles D. Ellis, the stock market is a losing game: private investors can only win this game by making as few mistakes as possible. Avoid investment errors by those who understand the rules of the game and act as little as possible.

One of the most entertaining financial books on the subject of passive investing that gave me some aha-moments while reading it.
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A Random Walk Down Wall Street by Burton Malkiel

"A Random Walk Down Wall Street" explains in a clear way how the stock market works and addresses questions such as: "What is the return on the stock can be expected?", "How does diversification work?" or "What is the difference between speculation and investment?"

Anyone who wants to gain a deeper understanding of the securities markets is guaranteed not to go wrong with this financial book.
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Common Sense on Mutual Funds by John C. Bogle

John Bogle delves even deeper into the subject in this extensive work. "Common Sense on Mutual Funds" compares the historical returns of stocks and bonds and looks closely at the importance of costs for long-term investment results.

The “17 Entepreneurial Lessons” at the end of the book are a highlight. Not just for advanced users.
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The Investor's Manifesto by William J. Bernstein

One of my favorite financial books, but it requires a good command of English. William Bernstein explains in very lively language the most important principles that are important for the success of private investors on the stock exchange.

“The Investor's Manifesto” combines the consideration of financial hypotheses in an entertaining way with knowledge of behavioral economics.
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Financial books: wealth creation

Buy or Rent? by Gerd Kommer

This book should be read by anyone seriously considering owning a property. "Buy or rent?" provides important food for thought and, by the way, puts concrete gold myths such as “location, location, location” or “a house is a safe investment” in the right light.

Even if Kommer's attitude tends to be critical of real estate, he does not neglect to carefully back up each of his arguments with facts.
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How Much Money Do I Need To Retire? by Todd Tresidder

How much money do you need for retirement? To answer this question, one would have to look into a glass ball. Todd Tresidder doesn't dwell on that, but provides valuable approaches to how the desired fortune can be built up for old age.

Short and yet complete analysis of the "retirement problem".
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Rich dad, poor dad by Robert T. Kiyosaki

An excellent book for beginners who want a basic understanding of wealth creation. In it, Kiyosaki explains how and why money works for rich people, while the lower and middle classes have to work for money for life.

Sometimes it is quite "American" in style, but that doesn't detract from the core message of the book.
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Lexicon of financial errors by Niels Nauhauser and Werner Bareis

Entertaining presentation of the most important financial errors, which are served and corrected in numerous, easily digestible bites. In addition to the pitfalls of various investment products, the pitfalls of interest calculation are also discussed.

This financial book is suitable both for beginners who want to get a quick overview of the universe of financial investments, as well as for advanced users who want to check their knowledge.
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Behavioral Finance & Psychology

Fast thinking, slow thinking by Daniel Kahneman

A pioneer in behavioral economics summarizes the most important findings in his field of research in this bestseller. The psychologist Daniel Kahneman was awarded the Nobel Prize for Economics (!) In 2002 for his work.

A fascinating book that makes it understandable Why we how decide. I have read the original English version.

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The behavior gap by Carl Richards

The American financial planner Carl Richards converts the scientific knowledge of behavioral economics into practical tips. He enriches his recommendations with vivid drawings, which he usually records as flashes of inspiration on paper napkins.

One of the most entertaining finance books on the psychological challenges of wealth creation. The book is available in German translation.

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Your Money And Your Brain by Jason Zweig

Jason Zweig explains what goes on in our heads when we think about money. It describes the anatomical and physiological peculiarities of the human brain and what role these play in our decision-making.

"Your Money And Your Brain" not only addresses the irrationality to which we as investors fall victim again and again, but also provides valuable information on how we can make better decisions.
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Risk: The Science and Politics of Fear by Dan Gardner

One of the greatest challenges when investing money is assessing or weighing up different risks. Dan Gardner points out the reasons why we often find it difficult to do so. The book also addresses the role of the media, which, in Gardner's view, deliberately initiate and maintain “spirals of fear”.

A book that cannot take away all fears, but makes it clear where they come from.
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It's not about the money by Brent Kessel

"It's Not About the Money" provides the best investor classification that I have come across to date. Brent Kessel works out eight financial archetypes with fine observation, in which everyone can certainly find themselves. Equipped with this knowledge, you can work on your own handling of money.

Anyone who is interested in the question “What type of money am I?” Will find the answer in this book.
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The Reiss Profile by Steven Reiss

The psychologist Steven Reiss has identified 16 life motives and describes how fundamentally these motives determine the individual personality. Anyone who wants to use their money optimally should know who he / she is and what is important to him / her in life.

Not least thanks to the integrated self-test, this book made me really aware of my values.
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philosophy

The stone strategy by Holm Friebe

"The stone strategy" is an extremely entertaining social criticism that exposes the tendency towards blind actionism in all its facets. Holm Friebe exposes the hectic hustle and bustle to which we have gradually grown accustomed and which ruled out simply doing nothing as an option.

Even if the book is not specifically aimed at private investors, a lot of knowledge can be transferred to the financial world and used for your own investment behavior.
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The black swan by Nassim Nicholas Taleb

The author Nassim Nicholas Taleb calls black swans highly unlikely events of great significance that can be easily explained afterwards, but are not predictable. Taleb passionately denounces the prognostic mania to which we have succumbed, although it does not lead to any useful insights.

An important book that shows the limits of the calculus of probability and makes it clear that we are often mistaken when it comes to investing.
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The treadmills of happiness by Mathias Binswanger

“We always have more and we don't get happier. What can we do?"the author asks in the subtitle. Mathias Binswanger shows the discrepancy between a way of life that empirically makes one happy and the way of life that is unfortunately common in western industrial nations.

For me this book was a real eye opener some time ago and the key to more joy in life.
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Looking for a better world by Karl R. Popper

The title may sound idealistic, but the thoughts of the philosopher Karl R. Popper revolved primarily around the method of scientific knowledge: "What interests me are the objective, critical reasons that argue that one theory is preferable to another in the search for the truth."

The book contains 30 texts from his life's work, which are fascinating due to their wealth of ideas and logic.
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About the art of loving life by Michel de Montaigne

"On the art of loving life" is a collection of the most beautiful wisdoms of one of the most important French philosophers. Although a good 450 years old, Montaigne's thoughts are as relevant today as ever.

Montaigne thought of the following sentence about wealth creation: "All in all, it takes more effort to keep money than it does to buy it."
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Walden, or: life in the woods by Henry D. Thoreau

"A person is the richer the more things he can afford to do without." With this statement, the American philosopher Henry D. Thoreau anticipated the idea of ​​post-materialism a good 160 years ago. In his classic "Walden" he combines philosophical considerations about a minimalist way of life with impressive descriptions of nature.

What does this have to do with wealth creation? Find out for yourself ...
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Life is short from Seneca

"We have no shortage of lifetime, we deal with it wastefully"said the Roman philosopher and statesman Lucius Annaeus Seneca. More than 2,000 years ago, he described most people's lack of appreciation for “lived” time.

“Life is short!” Is a timeless little book about the “time-for-money-dilemma”. You can't read it enough.
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Zen Buddhism

From the spirit of zen by Alan Watts

In "From the Spirit of Zen" The religious philosopher Alan Watts succeeded in making the basic ideas of Zen Buddhism comprehensible in a few words. The book was published in 1954 and provides further evidence that good literature is timeless.

If you are looking for an easily digestible introduction to the world of thought of Far Eastern philosophy, this book is definitely the right one.
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Zen mind beginner mind by Shunryu Suzuki

"The mind of the beginner is empty, free from the habits of the" expert ", ready to accept, to doubt, and open to all possibilities"This is what Shunryu Suzuki says in this book. This cites several characteristics that we as passive investors should have.

If you want to learn more about the Zen mindset and are also interested in the practice of meditation, you will find it here.
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The Great Liberation: Introduction to Zen Buddhism by Daisetz T. Suzuki

With this book, Daisetz T. Suzuki provides an equally recommendable introduction to the conceptual structure of Zen. In it he states: “The spirit of Buddhism lost its highly metaphysical superstructure and became a practical discipline of life. The result is Zen. "

If you want to get to the bottom of the core idea of ​​this discipline and gain a deeper understanding of Zen, you should read this book.
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The Course of the Water - An Introduction to Taoism by Alan Watts

While this is not, strictly speaking, a book about Zen, reading "The course of the water" but for a better understanding of Far Eastern philosophy. Because some essential elements of Taoism can also be found in Zen, e.g. the principle of “inaction” (wu-wei).

Even when reading, a feeling of serenity arises, which can also be saved in everyday life, provided that you get just a little involved in the Taoist way of life.
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