Mark Zuckerberg chooses “Portfolios of the Poor” for A Year of Books

Collins jacketMark Zuckerberg is spending a year reading books and is inviting others to join him. The latest pick for A Year of Books, just announced, is Portfolios of the Poor by Daryl Collins, Jonathan Morduch, Stuart Rutherford, and Orlanda Ruthven. Over 250 families in Bangladesh, India, and South Africa participated in this unprecedented study of the financial practices of the world’s poor. In selecting a story of life very bottom of the global economic order, Zuckerberg seems to suggest the particular importance of empathy for entrepreneurs and those in leadership positions.

“It’s mind-blowing that almost half the world — almost 3 billion people — live on $2.50 a day or less. More than one billion people live on $1 a day or less. This book explains how these families invest their money to best support themselves. I hope reading this provides some insight into ways we can all work to support them better as well,” he wrote on his personal Facebook page.

So far there have been 17 books chosen, and this is the third Princeton University Press title to make the list. Rational Ritual by Michael Chwe, and The Muqaddimah by Ibn Khaldun were chosen earlier this year.

Congratulations to the authors!

You can find more information on the website for Portfolios of the Poor here. A sample chapter is available here.