Irrational Exuberance - Robert J. Shiller Reading Robert Shiller’s 2nd edition of this book (2005) had a profound effect on us and helped us to form our bearish stance ahead of the 2007 credit crunch. The 3rd edition (recently published) we suggest is required reading.
Capital Returns: Investing through the Capital Cycle - Ed ChancellorMuch is written about the economic cycle, but never enough about the capital cycle. This book brilliantly corrects the imbalance - we recommend it highly.