Discover your next favorite investing book…
If you’re looking for the best investing books to read while you’re stuck at home during the coronavirus, you’re in the right place.
At the National Institute for Cannabis Investors, we know as well as anyone that the coronavirus has made “stay-at-home” orders across the United States the standard, leaving many of us with an inordinate amount of free time.
Luckily, there is a wealth of information out there that will take your investing skills to the next level, and you don’t even need to leave your house to become a master.
You could be starting as a novice, an expert, or somewhere in between. You could be looking to learn something new but not quite ready to dive into hardcore economic policy. Or maybe you are looking for a new expert-level analysis to add to your repertoire.
Wherever you fall on the spectrum, if you’re interested in investing, you’ll find a book here worth reading.
So, grab your Kindle, iPad, or smartphone, and check out our top seven picks for the best investing books to read during the coronavirus.
1. Moneyball by Michael Lewis
Michael Lewis‘s 2003 instant classic, Moneyball, revolutionized the modern game of baseball.
Lewis’s 336-page narrative tells the compelling story of Billy Beane, the General Manager of the Oakland Athletics – at the time, one of the smallest market teams in Major League Baseball (MLB) – and their groundbreaking use of data to assemble an inexpensive group of complementary players who could stack up against larger-market teams like the New York Yankees.
But this is no ordinary baseball story – and the lessons extend far beyond the world of sports.
This is where the now commonly used business term “moneyball” was originally coined. And because of Lewis’s story, every MLB franchise now has a team of data analysts that have become a core aspect of data-driven decision making in professional baseball.
Check out this iconic scene from the 2011 film adaptation starring Brad Pitt and Jonah Hill.
As of this writing, the full movie is available to stream on Hulu or Amazon with a Starz subscription.
You can purchase Moneyball here.
2. The Ride of a Lifetime: Lessons Learned From 15 Years as CEO of The Walt Disney Company by Robert Iger
Pixar. Marvel Studios. Lucasfilm. 21st Century Fox.
These are just a handful of the massive investment gambles Bob Iger made throughout his legendary career as the CEO of The Walt Disney Company.
Published in 2019, The Ride of a Lifetime is the part-memoir, part-business classic in which Iger tells the story of how his legendary leadership style came to be over his 15-year tenure.
During that time, he successfully oversaw the growth of Disney into the media titan it is today – while making many notable professional risks along the way.
Investors will find plenty to learn from as he takes readers through the inside story behind the bold decisions that became core parts of Disney’s wildly profitable business, including the development of their proprietary Disney+ streaming platform that brought the nearly 100-year-old company into the modern age.
You can purchase The Ride of a Lifetime here.
3. The Global Economy as You’ve Never Seen It by Thomas Ramge and Jan Schwochow
In The Global Economy as You’ve Never Seen It, awarded author Thomas Ramge and infographic specialist Jan Schwochow have teamed up to bring you 99 visually stunning yet in-depth infographics that break down the complexities of the global economy.
This 2018 coffee table conversation piece provides readers a much-needed break from the typical text-heavy economic report.
Economic theory, trade agreements, logistics, global resource usage, financial markets.
The best ideas from the most influential thinkers of our time, from Aristotle to Adam Smith.
Ramge and Schwochow have illustrated all of these concepts in entirely new ways to help readers understand how people and organizations the world over contribute to the global economy.
Their beautifully conceived work of art is a fun read that should not be overlooked. It will help any investor visualize the nebulous that is the global economy with all its major moving parts.
You can purchase The Global Economy as You’ve Never Seen It here.
4. Zero to One: Notes on Startups, or How to Build the Future by Peter Thiel
From the mind of the renowned entrepreneur, Peter Thiel, Zero to One is a love letter to business innovation that lays out a compelling roadmap for the future of America.
Revered by some of the most powerful entrepreneurs of our time, this is a book that offers a quick and engrossing read for any investor, at any skill level, who is looking for a bit of inspiration.
According to Mark Zuckerberg, “This book delivers completely new and refreshing ideas on how to create value in the world.”
And Elon Musk has said, “Peter Thiel has built multiple breakthrough companies, and Zero to One shows how.”
Thiel’s 2014 masterpiece clocks in at 200-some odd pages and is sure to capture the interest of even the most experienced investors.
You can purchase Zero to One here.
5. Doughnut Economics: 7 Ways to Think Like a 21st Century Economist by Kate Raworth
Self-described “renegade” economist out of Oxford, Kate Raworth‘s Doughnut Economics was named to several “Best Books of 2017” lists because of its radical reframing of how we think about economics.
The 320-page manifesto is an extension of Raworth’s own “Doughnut” economic model, which employs the concepts of ecological ceilings and social foundations to measure the performance of an economy, while questioning the concept of economic growth.
Her analysis seeks to answer the question, “How can we turn economies that need to grow, whether or not they make us thrive, into economies that make us thrive, whether or not they grow?” by incorporating some of the most influential movements of our time.
This is a fascinating read for socially-conscious investors who want to better understand how issues such as climate change and feminism affect the current state of economics.
You can purchase Doughnut Economics here.
6. The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb | Staff Pick
Recommended by The Institute’s Executive Director, Don Yocham, The Black Swan tells the story of author Nassim Nicholas Taleb‘s “Black Swan” theory.
According to Taleb’s theory, black swans are highly improbable, impactful events that appear random in real-time, but in retrospect could be studied and assigned more predictable explanations.
In hindsight, Nassim’s 2007 critique of Wall Street‘s obsession with quantitative analysis seems eerily prescient as a precursor to the Great Recession of 2008 and has again become particularly relevant given current market events.
His 436-page work explores the point at which the likelihood of an event can be a true safeguard against unknown market factors.
In the time of the coronavirus, this is a book that can help investors work through these seemingly chaotic and random events.
You can purchase The Black Swan here.
7. The Cannabis Manifesto: A New Paradigm for Wellness by Steve DeAngelo | Staff Pick
Being the National Institute for Cannabis Investors, we would be remiss to leave out one of our absolute favorite books that we recommend to all our members.
While it’s not an investing book per se, it is an absolutely essential read for anyone who is interested in cannabis investing.
Written by one of the greatest cannabis advocates of our time, Steve DeAngelo, The Cannabis Manifesto makes the case for full cannabis legalization. It covers the healing powers of cannabis, tells stories of the days when Steve was seen as a radical activist, outlines the challenges of cannabis prohibition, all while inspiring advocacy in readers.
This is a powerful read that you won’t want to put down.
You can purchase The Cannabis Manifesto here.
We hope at least one of these investing books will strike your interest enough to help get you through these uncertain times.
To learn more about what we do here at the National Institute for Cannabis Investors, we invite you to explore more of the content on our site or visit our About page.
2 responses to “7 Investing Books to Read During the Coronavirus”
April 13 2020