Which book would you recommend clients read?

IFAonline asked three advisers which book, if any, they would recommend as a starting point for clients interested in the world of finance.

Here is what they came up with. Which book would you recommend a client read?

Lords of Finance: The Bankers Who Broke the World

Author: Liaquat Ahamed

Recommended by: Matthew Allen, Mulberry IFA

"This is suitable for both advisers and clients. It compares and contrasts the Great Depression with what happened in 2008, so clients probably should have some interest in finance and economics.

"The book shows that similar mistakes were made on both occasions and it deals with the topic from a 'what lessons can be learned' point of view.

"It demonstrates how things can be cyclical and how economics, at the end of the day, comes down to human nature.

"It could open clients' eyes to what might happen down the line. My experience of clients and nature is when the going is bad they think it is never going to get better, and when it's good, it's always going to be fantastic. Unfortunately that's not what life and investing is about."

Values Based Financial Planning

Author: Bill Bachrach

Recommended by: Ray Prince, certified financial planner, Rutherford Wilkinson

"If we're working with a client on life planning and that sort of stuff, I might recommend this book because it compliments the processes we will go through with the client."

Brilliant Investing: What the Best Investors Know, Say and Do

Author: Martin Bamford

Recommended by: Carl Melvin, Affluent Financial Planning

"In terms of a readable book, this would be a very good one for clients because it is digestible and well-written."