Morgan Housel, author of ‘The Psychology of Money’ and a respected voice in finance and investment, emphasizes the importance of diverse perspectives in shaping one’s understanding of the world. Housel’s book recommendations reflect this philosophy, offering readers a blend of financial wisdom, personal growth, and historical insights. Here are 20 books Housel suggests that could change your perspective on life, business, and decision-making.

1. When Breath Becomes Air by Paul Kalanithi

This memoir by neurosurgeon Paul Kalanithi is a profound meditation on life and mortality. After being diagnosed with terminal cancer, Kalanithi reflects on his career, personal struggles, and the existential questions that come with facing death. His writing is poignant and offers deep insights into how we can live a meaningful life. It encourages readers to cherish their moments and face life’s inevitable uncertainties with courage.

2. Endurance: Shackleton’s Incredible Voyage by Alfred Lansing

Alfred Lansing’s ‘Endurance’ is the gripping true story of Sir Ernest Shackleton’s Antarctic expedition. Lansing masterfully recounts how Shackleton and his crew survived after their ship, the ‘Endurance’, was trapped and destroyed by ice. Their ordeal is a testament to human resilience and leadership in the face of extreme adversity. Housel often refers to this book to highlight perseverance and decision-making under pressure.

3. The Molecule of More by Daniel Z. Lieberman and Michael E. Long

This book dives deep into how dopamine, the “pleasure molecule,” shapes human motivation, desire, and decision-making. Lieberman and Long explain the neuroscience behind how dopamine fuels our quest for more — be it success, love, or wealth. ‘The Molecule of More’ provides a fascinating look into how our brain chemistry influences our behaviours and choices, helping readers understand the psychology behind striving for more in life.

4. The Quest of the Simple Life by William James Dawson

Originally published in 1907, ‘The Quest of the Simple Life’ tells the story of William Dawson’s decision to leave the busy city for a more peaceful life in the English countryside. Dawson’s reflections on simplicity, contentment, and escaping the pressures of modern life resonate deeply today. The book offers timeless lessons on the balance between ambition and contentment, perfect for those seeking a simpler, more intentional life.

5. Soul in the Game by Vitaliy Katsenelson

In ‘Soul in the Game’, investment expert Vitaliy Katsenelson shares life lessons through the lens of Stoic philosophy, art, and finance. Katsenelson argues that true success is not about external achievements but about finding meaning and purpose in what you do. His reflections on balancing work, life, and personal fulfilment offer readers a thoughtful approach to crafting a life worth living.

6. Charlie Munger: The Complete Investor by Tren Griffin

This insightful book distils the life lessons and investment strategies of Charlie Munger, Warren Buffett’s business partner. ‘Charlie Munger: The Complete Investor’ highlights Munger’s rational decision-making, intellectual rigour, and long-term thinking, providing readers with practical strategies for investing and living. Munger’s principles on patience, diversification, and the importance of ethics in business make this a must-read for anyone interested in finance and personal development.

7. Bird by Bird: Some Instructions on Writing and Life by Anne Lamott

Anne Lamott’s ‘Bird by Bird’ is a beloved guide to writing and creativity. While its focus is on the craft of writing, Lamott’s wisdom extends far beyond the page, offering life lessons on perseverance, handling self-doubt, and finding joy in the creative process. Whether you’re a writer or simply looking for guidance on navigating the ups and downs of life, this book is an inspiring and comforting companion.

8. Hidden Genius by Polina Marinova Pompliano

Polina Marinova Pompliano, founder of ‘The Profile’, explores the traits that make high achievers successful in ‘Hidden Genius’. Through stories of entrepreneurs, athletes, and innovators, Pompliano shows how grit, perseverance, and adaptability lead to exceptional results. This book provides actionable takeaways for readers looking to unlock their own hidden potential and approach challenges with a growth mindset.

Shane Parrish, founder of ‘Farnam Street’, teaches how to make better decisions with ‘Clear Thinking’. Drawing on mental models and cognitive strategies, Parrish offers readers tools to improve their problem-solving abilities, reduce biases, and think more critically. This book encourages readers to approach challenges with clarity and purpose, making it an essential read for those looking to enhance their decision-making process.

10. The Great Depression: A Diary by Benjamin Roth

Benjamin Roth’s ‘The Great Depression: A Diary’ offers a firsthand account of the economic devastation during the Great Depression, as seen through the eyes of a small-town lawyer. Roth’s reflections on the era’s financial turmoil, human resilience, and lessons for investors today make it a compelling read for anyone interested in economic history and the impact of market cycles on human behaviour.

11. The Science of Storytelling by Will Storr

Will Storr’s ‘The Science of Storytelling’ is an exploration of why humans are hardwired to connect with stories. Storr blends psychology, neuroscience, and storytelling craft to explain why stories have such a profound impact on our emotions and decisions. For anyone looking to understand the art of communication and storytelling, this book provides practical insights that can be applied in both personal and professional life.

12. Breath: The New Science of a Lost Art by James Nestor

In ‘Breath’, James Nestor takes readers on a fascinating journey into the science of breathing. Through extensive research and personal experimentation, Nestor explores how breathing techniques can improve our health, athletic performance, and mental well-being. The book is a blend of science, history, and practical advice, offering readers the tools to reclaim a healthier, more mindful way of breathing and living.

13. Just Keep Buying by Nick Maggiulli

Nick Maggiulli’s ‘Just Keep Buying’ offers a straightforward yet effective approach to personal finance. Through data-driven insights, Maggiulli outlines how consistent investing and smart financial habits lead to long-term wealth creation. Whether you’re a beginner or an experienced investor, this book simplifies complex financial concepts, empowering readers to build wealth steadily over time. Housel recommends it for its practical, no-nonsense advice on growing your financial future.

14. The Wright Brothers by David McCullough

David McCullough’s biography of the Wright brothers chronicles their journey from bicycle mechanics to aviation pioneers. Through persistence, ingenuity, and a relentless pursuit of their dreams, the Wright brothers changed the course of history. McCullough’s storytelling vividly brings their journey to life, making it a source of inspiration for anyone striving to turn their passion into reality.

15. The Big Change: America Transforms Itself, 1900–1950 by Frederick Lewis Allen

In ‘The Big Change’, Frederick Lewis Allen provides a sweeping history of the social, political, and economic transformations that took place in America between 1900 and 1950. From the rise of industry to the impact of the Great Depression and World War II, this book captures the dramatic shifts that shaped modern America. It’s a must-read for those interested in how societal changes impact everyday life and economics.

16. The Patriarch by David Nasaw

David Nasaw’s biography of Joseph P. Kennedy, ‘The Patriarch’, provides a detailed account of one of America’s most influential and controversial figures. As the father of John F. Kennedy and a key player in finance, politics, and film, Joseph Kennedy’s life offers valuable lessons in ambition, power, and legacy. Nasaw’s exhaustive research provides a nuanced portrait of a man who left a lasting mark on American history.

17. Rocket Men by Robert Kurson

‘Rocket Men’ by Robert Kurson recounts the daring Apollo 8 mission, the first manned spacecraft to orbit the moon. Through meticulous research and gripping storytelling, Kurson takes readers inside the lives of the astronauts and the groundbreaking mission that changed space exploration. This thrilling tale of human ingenuity and courage is perfect for readers fascinated by science, history, and the spirit of adventure.

18. Famous Financial Fiascos by John Train

John Train’s ‘Famous Financial Fiascos’ explores some of the biggest blunders in financial history, from the South Sea Bubble to Enron. Through detailed case studies, Train highlights the lessons investors can learn from these catastrophic failures. Housel recommends this book as a reminder that history often repeats itself, and understanding past mistakes can help prevent future ones.

19. The Choice: Embrace the Possible by Dr. Edith Eva Eger

Dr. Edith Eva Eger’s memoir, ‘The Choice’, is a remarkable story of survival and resilience. As a Holocaust survivor, Eger shares her journey from trauma to healing, offering readers a powerful message of hope and the ability to choose one’s mindset in the face of adversity. Housel highlights this book for its profound life lessons on overcoming challenges and embracing personal growth.

20. The Algebra of Wealth by Scott Galloway

Scott Galloway’s ‘The Algebra of Wealth’ breaks down the key principles of financial success through the lenses of hard work, ambition, and luck. Galloway blends his signature wit with practical advice on building wealth, managing risk, and achieving long-term financial security. It’s a no-nonsense guide that provides readers with the tools to build lasting wealth by understanding the broader financial landscape and seizing opportunities as they arise.

Morgan Housel’s reading list offers profound insights into life, wealth, history, and the human condition. Whether you’re looking to deepen your understanding of finance or broaden your personal worldview, these 20 books provide a treasure trove of knowledge. From reflections on mortality to actionable investment advice, these reads will leave a lasting impact, helping you build a well-rounded perspective that you can carry through your personal and professional life. Make time to immerse yourself in these books, and the lessons they provide will stay with you for years to come.