Business Books: Holiday reading for the financial industry

Thu Dec 17, 2009 4:14pm EST
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By Lisa Von Ahn

NEW YORK (Reuters) - After a year like 2009, even the most driven workaholic may be tempted to relax with a novel rather than a business book this holiday season.

After all, these are times of double-digit unemployment in the United States, and no one is sure if the world economy is on the road to recovery.

But interesting times also make for interesting reading.

Among the contenders for holiday fare is "Too Big To Fail" (Viking, $32.95) by New York Times reporter Andrew Ross Sorkin.

This moment-by-moment account of the collapse and rescue of Wall Street reads like a novel, exploring the minds of characters ranging from Lehman Brothers' then-CEO Richard Fuld to former Treasury Secretary Henry Paulson.

"It is the great stories and detailed, insider information -- the sense one gets of being in the room while history is being made -- that will place this book among the greats," said Jack Covert of website 800-CEO-READ, which named it book of the year.

If the events of "Too Big To Fail" are too painful to digest, try delving further back into the past.

In "Lords of Finance" (Penguin, $32.95), investment manager Liaquat Ahamed examines the events leading up to the Great Depression, focusing on the central bankers whom he believed helped cause it.   Continued...