8 Latest Books On Money: You Must Start Reading in 2021!

Updated: Feb 5


Image Source: Unsplash @DustinTramel

This contains a list of the latest 8 books written around money. Most of the books are in the genre of investing, business, and economics and really must read in 2021.


Happy New Year! Reading at least one book in the first month can be a good start to the year. So choose what you like not because others say it’s the best.


Happy Reading!!



1. Joys Of Compounding: The Passionate Pursuit of Lifelong Learning

Amazon: 4.6/5

Length: 456 Pages

Genre: Investments & Securities


About the book

In The Joys of Compounding, the value investor Gautam Baid builds a holistic approach to value investing and philosophy from his wide-ranging reading, combining practical approaches, self-cultivation, and business wisdom. Drawing on the work of investing greats like Warren Buffett, Charlie Munger, and Ben Graham, as well as philosophers and scholars, he artfully interweaves the lessons learned from his many teachers. Baid demonstrates their practical applications in the areas of business, investing, and decision making and also shows that these ideas can be applied to one's own life with just as much reward.

This book also recounts Baid's personal experiences, testifying to his belief that the best investment you can make is an investment in yourself. The Joys of Compounding offers curated reflections on life and learning for all investors, investment enthusiasts, and readers seeking a dose of practical wisdom.


About the author

Gautam Baid, CFA, is a portfolio manager at an SEC-registered investment advisor based in Salt Lake City, Utah. Previously, he served at the Mumbai, London, and Hong Kong offices of Citigroup and Deutsche Bank as a senior analyst in their healthcare investment banking teams. Baid is a CFA charter holder and member of the CFA Institute, and in 2018 and 2019 he was profiled in Morningstar’s Learn from the Masters series.



2. Unknown Market Wizards: The best traders you've never heard of

Amazon: 4.5/5

Pages: 360

Genre: Analysis & Strategy


About the book

This is a hugely popular Market Wizards series, interviewing exceptionally successful traders to learn how they achieved their extraordinary performance results. The twist in Unknown Market Wizards is that the featured traders are individuals trading their own accounts. They are unknown to the investment world. Despite their anonymity, these traders have achieved performance records that rival, if not surpass, the best professional managers.

His trademark knowledgeable and sensitive interview style encourages the Wizards to reveal the fascinating details of their training, experience, tactics, strategies, and their best and worst trades. There are dashes of humor and revelations about the human side of trading throughout. The result is an engrossing new collection of trading wisdom, brimming with insights that can help all traders improve their outcomes.


About the author

Mr. Schwager is a recognized industry expert in futures and hedge funds and the author of a number of widely acclaimed financial books. Mr. Schwager has written extensively on the futures industry and great traders in all financial markets. He is perhaps best known for his best-selling series of interviews with the greatest hedge fund managers of the last three decades: Market Wizards (1989, 2012), The New Market Wizards (1992), Stock Market Wizards (2001), Hedge Fund Market Wizards (2012), and The Little Book of Market Wizards (2014).

His other books include Market Sense and Nonsense (2012), a compendium of investment misconceptions, and the three-volume series, Schwager on Futures, consisting of Fundamental Analysis (1995), Technical Analysis (1996), and Managed Trading (1996). He is also the author of Getting Started in Technical Analysis (1999), part of John Wiley’s popular Getting Started series.



3. Pandemonium: The Great Indian Banking Tragedy

Amazon: 4.5/5

Length: 528 Pages

Genre: Banking & Economics


About the book

A timely and insider look at dramatic forces reshaping banking in Asia’s third-largest economy, this book is a bird’s-eye view of Indian banking and also a fly-on-wall documentary. A must-read to understand contemporary India’s challenges and economic potential.

It is a definitive insider story on the rot in India’s banking system – how many promoters easily swapped equity with debt as bank managements looked the other way to protect their balance sheets, until the RBI began waging a war against ballooning bad loans. The same troubles quickly spilled over to India’s mushrooming non-banking financial companies, which were quick to spot the post-demonetisation easy liquidity and banks’ reluctance to lend, prompting them to make the cardinal sin of borrowing short to lend long.


About the author

Tamal Bandyopadhyay is an Indian business journalist, known for his weekly column on banking and finance Banker's Trust published in Business Standard, a leading Indian business daily. He had started this column in Mint, an Indian business daily by HT Media Ltd.

He has authored five books namely HDFC Bank 2.0: From Dawn to Digital, From Lehman to Demonetization: A Decade of Disruptions, Reforms and Misadventures, Bandhan: The Making of a Bank, Sahara: The Untold Story and A Bank for the Buck.



4. Kleptopia: How Dirty Money is Conquering the World

Amazon: 4.4/5

Length: 336 Pages

Genre: Economics


About the book

AN ECONOMIST BOOK OF THE YEAR 2020

A WASHINGTON POST NOTABLE BOOK OF THE YEAR 2020

Kleptopia follows the dirty money that is flooding the global economy, emboldening dictators, and poisoning democracies. From the Kremlin to Beijing, Harare to Riyadh, Paris to the Trump White House, it shows how the thieves are uniting – and the terrible human cost.

A body in a burned-out Audi. Workers riddled with bullets in the Kazakh desert. A rigged election in Zimbabwe. A British banker silenced and humiliated for trying to expose the truth about the City of London – the world’s piggy bank for blood money.

Riveting, horrifying, and written like fiction, this book shows that while we are looking the other way, all that we hold most dear is being stolen.


About the author

Tom Burgis is an award-winning investigative reporter. Based in London after years as a foreign correspondent in South America and Africa, he is a long-standing member of the Financial Times' investigations team. He has exposed major corruption scandals, covered terrorist attacks, coups and forgotten conflicts, and traced dirty money from the Kremlin to Washington. His journalism has won awards in the US and Asia and twice been shortlisted at the British Press Awards, the British Journalism Awards and the European Press Prize.

His first book, The Looting Machine, was published in 2015. It revealed how the exploitation of Africa's vast natural resources condemns the continent to corruption, conflict and poverty. The New York Times called it a 'brave, defiant book'. It won the Overseas Press Club of America's award for the year's best book on international affairs.



5. Numbers Don't Lie: 71 Things You Need to Know About the World

Amazon: 4.3/5

Length: 384 Pages

Genre: Economics


About the book

'There is no author whose books I look forward to more than Vaclav Smil' _Bill Gates

'One of the world's foremost thinkers on development history and a master of statistical analysis . . . The nerd's nerd' _Guardian

Packed with 'Well-I-never-knew-that' information and with fascinating and unusual examples throughout, we find out how many people it took to build the Great Pyramid, that vaccination yields the best return on investment, and why electric cars aren't as great as we think (yet). There's a wonderful mix of science, history and wit, all in bite-sized chapters on a broad range of topics.

Urgent and essential, Numbers Don't Lie inspires readers to interrogate what they take to be true in these significant times. Smil is on a mission to make facts matter, because after all, numbers may not lie, but which truth do they convey?


About the author

Vaclav Smil is Distinguished Professor Emeritus at the University of Manitoba. He is the author of over forty books on topics including energy, environmental and population change, food production and nutrition, technical innovation, risk assessment and public policy. No other living scientist has had more books (on a wide variety of topics) reviewed in Nature. A Fellow of the Royal Society of Canada, in 2010 he was named by Foreign Policy as one of the Top 100 Global Thinkers. This is his first book for a more general readership.



6. The Market Mafia: Chronicle of India’s High-Tech Stock Market Scandal & The Cabal That Went Scot-Free

Amazon: 4.5/5

Length: 264 Pages

Genre: Stock Market, Investing


About the book

The author’s path-breaking investigative journalism fleshes out the meticulous planning and organization behind the COLO scam, the dark drama involving SEBI probe and its loosely-knit final verdict. In 2008, the then SEBI Chairman C B Bhave’s detachment from his Dharma as ‘the market watchdog’ opened the door for data theft at the National Stock Exchange (NSE), India’s largest asset pool. It also led to the installation of defective Co-location (COLO) trading infrastructure at NSE, by an unofficial decree, which gave a select few brokers preferential access to equity derivatives.

Fast-moving trading bots, deep-rooted nexus between enterprising PhD scholars Ajay Shah and Susan Thomas, economists, top dollar earning executives, politicians, bureaucrats and salivating brokers were at play.

In 2015, SEBI was woken up by a whistleblower, who described the contours of a front-running market operation perpetrated for over five years involving the use of COLO and High-Frequency Trading. Surprisingly, SEBI never scrutinized NSE’s COLO grid – an omission of duty – before the whistleblower highlighted the skulduggery.


About the author

Palak Shah has been a journalist in Mumbai for nearly 15-years now. He has covered the financial markets and regulations for most premier pink papers of India like The Economic Times, Business Standard and The Financial Express. Currently, he is working with The Hindu Business Line. Palak was drawn to crime reporting at the age of 19 but a few years in the field told him that the fabric of crime had changed and the organised gangs, as Mumbai had witnessed during the eighties, no longer existed. It was business and markets that dominated the scene. His passion to unravel the intricacies of the ‘white money’ economy led Palak to the world of finance and regulations.



7. NEVER TOO BIG TO FAIL: The Collapse of IL&FS and its Ten Trillion-Rupee Maze

Amazon: 3.1/5

Length: 264 Pages

Genre: Business, Economics


About the book

The dramatic fall of low-profile behemoth IL&FS, which was as sudden as its rise, triggered shockwaves that ripped through financial markets and the economy. Its long-serving Chairman Ravi Parthasarathy and his trusted Aides had rapidly grown the operations across India using an astonishing 340 subsidiaries. Their combined borrowing of Rs 1 lakh crore was not just mind-boggling but also difficult to comprehend. Multiple stakeholders, including bankers, bureaucrats, and other government authorities helped create an Icarus— the infrastructure leasing & financial services limited, which soared higher and higher only to get burnt by its own ambitions. How could so much value, resources, and prestige disappear so quickly? Was this a business failure or a fraud?


About the author

Sandeep Hasurkar has been an investment banker, term lender and policy advisor with leading financial institutions for the last three decades. Twelve years ago, he took a break from the virtual world of high finance to work in the real economy. He started building and operating renewable energy projects for IL&FS. The time at IL&FS gave him an insider’s perspective on the rise and fall of this behemoth. Sandeep is a regular speaker at seminars and is frequently invited as guest faculty at leading management institutes. He also sits on the boards of many renewable energy companies. Whenever he can, Sandeep tries to escape the financial jungle and goes exploring the real forests in national parks.



8. Billion Dollar Loser: The Epic Rise and Fall of WeWork

Amazon: 3.1/5

Length: 264 Pages

Genre: Business, Economics


About the book

The Sunday Times Best Business Book of the Year 2020

'A satisfying ticktock of the company's rapid rise and crash, culminating in its disastrous I.P.O. in 2019 and Neumann's ouster.' _New York Times

Based on more than two hundred interviews, Billion Dollar Loser chronicles the breakneck speed at which WeWork's CEO built and grew his company. Culminating in a day-by-day account of the five weeks leading up to WeWork's botched IPO and Neumann's dramatic ouster, Reeves Wiedeman exposes the story of the company's desperate attempt to secure the funding it needed in the final moments of a decade defined by excess.


About the author

Reeves Wiedeman is a Contributing Editor at New York magazine. He has written for The New Yorker, The New York Times Magazine, Rolling Stone, Harper's, Men’s Journal, and other publications. Billion Dollar Loser, about the rise and fall of WeWork, is his first book.


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