When Genius Failed: The Rise and Fall of Long-Term Capital Management

When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein

Before Bear’s Stern there had only been one other big bail-out of the modern era, and that was LTCM. I suppose I may think highly of this book because I finished it the day before the collapse of Bear’s Stern was made public. But either way the book is an excellent read though it may be too technical for some. It is an excellent recount of how some of the most promising “quants” on Wall St, including a couple Nobel Prize winners can go on to create a huge firm that fails even more spectacularly. An excellent read especially considering the current economic situation, highly recommended.

 
The Myth of the Rational Voter: Why Democracies Choose Bad Policies

The Myth of the Rational Voter: Why Democracies Choose Bad Policies by Bryan Caplan

A libertarian view about why voting doesn’t really matter and why there is not point to vote rationally. The book provides and excellent discussion about what the American population thinks to be the truth, compared to the numbers. With the election coming up it was an interesting read, though it may depress you about how intelligent (or not intelligent) Americans are.

 
More What If?

More What If? by Robert Cowley

A sequel to What If?, this book begins to include counter-factual history of all kinds. While generally the non-military essays are interesting some of them just seem to ramble on about remote political possibilities. So while still highly recommended this may not be for you if you really only enjoy military history.

 
What If?: The World's Foremost Military Historians Imagine What Might Have Been

What If?: The World's Foremost Military Historians Imagine What Might Have Been by Robert Cowley

What If is a collection of military counter-historical essays which while at fiction at there core end up being a great history lesson. Each essay has an in-depth introduction of what really happened, so you learn some history before twisting it into fiction. So, if you enjoy military history and want an interesting read it is highly recommended.