I’m often asked by people to recommend good books to read in the finance and investment space. Although there are numerous titles out there, one book that always comes to mind, and one that should be on the mandatory reading list, is the Fourth turning by Howe / Strauss.

The video linked below is a wonderful taster of what is covered in the book. From defining emerging and new trends, explaining the long term 80-90 year cycles, walking you through what to expect through the high, awakening, unraveling and crisis (4 turnings). The crisis or fourth turning consists of 4 phases: catalyst, regeneration, crisis and resolution gives insight into our current social, political and economic cycle and what to expect.

In my opinion this book should be mandatory reading for anyone who wants to understand the real economic forces at play within the global economy.