Best Books to Learn About Investing -- Our 2019 List

TL;DR

Financial experts provide their top book recommendations for 2019, covering personal finance, investing, and healthcare systems.

Transcript

Jason Moser: We had a tweet from @LeontheFixer. @LeontheFixer asks, "Were there any book recommendations that podcast guests gave in their 2018 wraps? I seem to remember them in past years but didn't seem to be any this year." He's wondering, do we have any book recommendations that we read through the year, or even earlier, something that we can t... Read More

Key Insights

• 🤑 "Your Money or Your Life" is recommended as the best book on personal finance, focusing on changing one's mindset towards saving money.
• 👏 Peter Lynch's books, particularly "One Up On Wall Street," are praised for their insights into small investor advantages and finding investment opportunities.
• 🌎 "The Healing of America" provides a global comparison of healthcare systems, highlighting the complexity of achieving universal healthcare.
• 👨‍💼 "Citizen Coke" offers a detailed history of Coca-Cola, examining different facets of the business and the economies surrounding it.

Questions & Answers

Q: What is "Your Money or Your Life" about?

"Your Money or Your Life" is a personal finance book that helps readers rethink their relationship with money, focus on saving, and achieve financial independence through practical steps.

Q: Why does Matt Frankel recommend "One Up On Wall Street"?

Matt Frankel believes "One Up On Wall Street" is a valuable read for small investors because it teaches them how to use their everyday observations and knowledge to find investment opportunities and beat big players.

Q: What can readers learn from "The Healing of America"?

"The Healing of America" offers a comprehensive analysis of healthcare systems around the world, highlighting the strengths and weaknesses of each. It prompts readers to question the goals of their own healthcare system.

Q: What is the main takeaway from "American Icon"?

"American Icon" tells the story of how Alan Mulally led Ford to success during the financial crisis, providing insights into effective leadership, strategic decision-making, and overcoming adversity in the auto industry.

Summary & Key Takeaways

• Matt Frankel recommends "Your Money or Your Life" as the best book on personal finance, emphasizing the mindset shift towards saving rather than spending.

• He also suggests Peter Lynch's "One Up On Wall Street" and "Learn to Earn" for small investors who want to use their advantages over big players.

• Jason Moser recommends "The Healing of America" by T.R. Reid for a global perspective on healthcare systems, and "Citizen Coke" by Bartow Elmore for a detailed history of Coca-Cola. He also mentions "American Icon" by Bryce Hoffman, which tells the story of Alan Mulally saving Ford during the financial crisis.