With the holiday coming up, many fellow entrepreneurs and investors turn off their computers and read a book or two before coming back relaxed and ready for the new year. This year, the theme continued to be "Is there a startup bubble?" While I won't attempt to answer that question directly, I've pulled together eight of my favorite books on bubbles that are worth reading.
Read at least the first two... but the top 5 are all a must from my bookshelf.
- Devil Take the Hindmost: a History of Financial Speculation - Want a deeper understanding of financial speculation and the history of speculating on commodities, startups, mature businesses, and many other investments that have attracted speculation over the millenia. If you want a better sense for what a bubble looks and feels like... read this book.
- Inside the Bubble - Fictionalized story, based on living every day inside the dotcom bubble of the late 90s.
- Origins of the Crash: The Great Bubble and Its Undoing - Here's a deeper dive specifically on the dotcom bubble.
- Antifragile: Things That Gain from Disorder - Curious about how to build businesses with a high potential upside and not that much downside?
- The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success - As private market investors we focus on team a lot, here's some great insight into how a great mature company CEO operates their business.
- The Great Depression: A Diary - No, not founder depression - but a good read if you want to dig deeper into the social atmosphere post-bubble.
- Manias, Panics and Crashes: A History of Financial Crises, Sixth Edition - More on the crash part - a great read though and highly recommended.
- A Short History of Financial Euphoria - More on the euphoria part - this one reads really well so great to read if you're not into reading.
Of course I have a bonus for you. If you're not sure whether we're in a tech/startup bubble or not these days, I want to offer you 50% off my bestselling book Startup Wealth. Learn how the best investors approach investing and use these insights to become a better investor yourself or raise money from investors more efficiently. If everyone had this knowledge we definitely wouldn't be in a bubble... so maybe you should give this book to a few folks for the holidays since it's on sale and we all could use it.
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