The Ascent of Money: A Financial History of the World by Niall Ferguson
My rating: 4 of 5 stars
Absolutely fantastic book about money. Not only the historical ways of money, but the basics that every US citizen should have a grasp on. If you don’t know what a CDO or CMO is. If you can’t define compound interest. If you wonder how stock options work or what derivative financial instruments are then you need to read this book. It should be standard reading for every high school graduate.
