Helpful Books to Read
I have some time over break and wanted to know if any of you guys had suggestions for books to read. I am looking for book that would give me information about the industry and recruitment process. I'm a finance major so I am not reading looking for any super technical text books, just books that will give a broad overview of the industry, and the recruitment process of becoming an I-Banker.
I looked at previous thread like the Good Books to read and found great suggestions but also books I have already read such as How to Win Friends and Influence People, and Monkey Business, Too Big To Fail
Any suggestion would help even if it doesn't fit the above criteria, so if there is an exceptional book that you read that you believe influenced your career please mention it.
Vault Career Guide to Investment Banking is a good read and will give you a good understanding of Investment Banking.
Read 'How To Win Friends and Influence People' and make it your bible when it comes to business/professional communication. Srs.
Heyguysandgals mentions reading that book in his post.
"And yet..." Christopher Hitchens. Consider it a life broadening book.
Young money
Its a great book
Must read books? (Originally Posted: 02/20/2013)
I know there are "Monkey reviews" of books out there, as well as "industry specific" in FAQs, but I was wondering if anyone had any suggestions on some must read books that any young professional should read. I'm not talking about specifically books strictly on Asset Management or Hedge Funds, just a top 10 or 5 list of some suggestions or personal favorites must reads that correlate to the business world and a start to a young career. Thanks!
Liar's Poker, The Big Short...basically anything written by Michael Lewis. Oh, also Rosenbaum and Pearl.
The Intelligent Investor - Ben Graham
Good read.
Also don't forget the one about his Bateman avatar (American Psycho).
On a more serious note, read all the books written by Soros.
11. How to Win Friends and Influence People
One Michael Lewis book I really enjoyed was "Money Culture." It came out two years after Liar's Poker. It's basically a collection of short stories that Lewis wrote while he still worked in the industry. Some of them are really insightful. It also has a great chapter on Eddie Braverman which is worth the cheap price fo the book on its own.
Another good book is "The Greatest Trade Ever." It focuses on Paulson and the bet during the crisis, and the author is a WSJ columnist who actually interviewd Paulson heavily for his book.
50 shades of grey
Thanks everyone!
The FAQs have recommended reading lists: //www.wallstreetoasis.com/frequently-asked-questions
Reading list for a beginner (Originally Posted: 04/15/2013)
Let's keep this short: I just heard about this site. First post, woohoo. I'm a college freshman trying to dive into the world of finance (specifically investing). What are some great beginner books, I guess to learn more about the basics of the industry, to read? Or better yet, is there a universal reading list that categorizes by progression (beginner, intermediate, advance, etc.)?
Thanks all.
Start small and basic. I made the mistake of reading about complex derivatives and other higher level topics. Find some texts online. Read some Michael Lewis books, good story lines and informative
I'd recommend One Up On Wall Street by Peter Lynch and The Intelligent Investor by Benjamin Graham
Great question. I've wondered the same. I've heard of Benjamin Graham. Others have also told me to follow guys like Tim Sykes. Anyone have thoughts on that?
Trading catalysts by Robert Webb Risk Arbitrage by Guy Wyser-Pratte
This list with reviews is great: http://www.wallstreetoasis.com/blog/monkey-business-a-monkeys-review
All 19 of these books are great reads, all for different reasons: educations, day-in-the-life, humorous...enjoy!
ar you guys kidding - he should learn from a textbook first and get the basics down.
Intelligent Investor hands down. Get the new (2007?) edition that has commentaries for each chapter as you go.
One of the best standard textbooks with different real world examples is Investments by Bodie, Kane, Marcus.
Intelligent investor is the most boring investment book i have ever read, Peter Lynch is much more interesting.
The reason you're getting such a gamut of ideas is because actually world of finance is large. Your first task is to find the person you want to be like more than anything right now and see what they did.
Your question should be how do I become like person x. People will resolve this question with a direction. The good thing about asking this question is that you will still get all the understanding you need of basic finance on your own and you will be propelled by your interest. If you have no real goal other than just learning basic finance for the sake of it I can almost guarantee you will burn out.
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Books to Read - New to the finance industry (Originally Posted: 11/04/2010)
Hello,
Just wondering what books and reading material you would recommend to someone who is new to the finance industry. Preferably something that would provide a general overview and provide some background for interviews. Also, any material that provide good instructions for how to do modeling would be great.
Thanks,
Lots of threads on this already. Use the search.
There are lot of general books about Wall Street, different career tracks, guide to interviews, etc http://www.quantnet.com/master-reading-list-for-quants/
Good Literature To Read (Originally Posted: 12/10/2014)
As finals week is coming to a close, I am looking for some good books on banking/investing to read. Stuff that will be interesting and also help me learn as much as possible about the industry/wall street/etc.
I already have Intelligent Investor on my list and thats about it, picked up some other books that looked interesting off Amazon.
Thanks!
J
Monkey Business Accidental Investment Banker
Investment Valuation: Tools and Techniques for Determining the Value of Any Asset (Wiley Finance)
Along with Intelligent Investor, Security Analysis by Graham is great.
books to read.... - Wondering what everyone else suggests (Originally Posted: 12/21/2006)
I am always looking for new books to read about the industry. I have read a few already but I was wondering what everyone else suggests? Thank you.
there was a thread a few weeks back, had like 30 books listed. just search for Monkey Business and you should find it
Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...
Barbarian at the Gates
Liar's Poker
Monkey Business
Goldman Sachs: Culture of Success
Greed and Glory on Wall Street - The Fall of the House of Lehman
Den of Thieves
When Genius Failed
Fooled By Randomness
The Smartest Guys in the Room
Predator's Ball, if you are interested in junk bonds and LBOs
second When Genius Failed, great read that picks up where Liar's Poker left off in a way
Books - Wanted a job in finance (Originally Posted: 10/18/2009)
If someone wanted a job in finance, but didn't major in finance, what books could they self-study to learn the fundamental material? I'm talking textbooks, paperbacks, etc. that explain the fundamental methods/tools used in finance. In case you're curious, I majored in econ and minored in math and am working on a masters in econ, so feel free to offer any good books at the finance undergrad and masters level.
Edit: I understand there is a lot more to finance than reading some books on the topic. I also understand that more training probably takes place on the job, than in the classroom. The reason I'm asking for book recommendations, is that I think the more I learn, the easier it will be to get my first job. Put differently, I know very little about finance, and I fear that employers will not take me seriously, and therefore, I'd like to know some of the fundamentals concepts and tools that finance majors learn.
Grab yourself any principals of financial accounting textbook from half.com and then read a couple of wikis on discounted cash flows and NPV.
Get the WSO technical guide, and then google anything you want more clarification about. And get a principles of accounting, and finance textbook and read the chapters you think are relevant.
Investment Banking: Valuation, Leveraged Buyouts, and M&A by Rosenbaum and Pearl
Someone recommended it to me a few weeks ago. Haven't read through it all yet, but definitely has been helpful!
Heard on the Street
Liars Poker...Should teach you everything you need to know
I disagree. I don't know why this book is so popular, but it is very heavily focused on mortgage trading back in the Solomon days. It's a good story about trading but does not teach you about finance and investment banking as a whole. I suggest Monkey Business if you want to get an idea of investment banking lifestyle at the junior level.
But these books are more about the lifestyle of the industry- not technical books to learn the subject matter. I heard good things about the Rosenbaum and Pearl book as well.
The Bodie book is standard for classrooms. Pretty good from what I remember.
Oh, and one more question: Will I be able to learn from the WSO technical guide, even if I didn't major in finance? Or does it presume you know all the terms and concepts?
I've used the Bodie Kane Marcus book and it was alright. But I think the best finance textbook I've used was Corporate Finance by Berk and DeMarzo. It covers all the importance concepts (WACC, NPV, Bonds, Equity, etc) in detail but in very easy-to understand language. I would say to start with the WSO technical guide because it's cheap and covers enough for interviews, and if you feel like you want to learn more in depth then get the Berk and DeMarzo book. Good luck.
SCOOP Books - Guide to M&A, Corp. Finance and IB I think it has a blue cover and is about $100 very straight forward, very thorough ive had a copy of the book in my office for the past few years
2nd junkbondswap. I bought the book due to a recommendation here on WSO (from jbs I believe) and it has been a great investment!
i had bodie for my investments class. good book, but if you want something more practical than a textbook, try "Stocks for the Long Run" by Jeremy Siegel. if anything, its an enjoyable read http://www.amazon.com/Stocks-Long-Run-4th-Definitive/dp/0071494707/ref=…
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