Any books that changed or influenced your life?

Have any books really affected you? Maybe a book was the reason you felt like getting into ibanking.

Post the book, and a short summary of the book and how it affected you.

Me being pretty young, I could say that the only book that has affected me is Where the Red Fern Grows, and it just made me think a bit more into what actually matters in life. The book is well known, so I don't think it needs a summary, but it's basically a boy who raises 2 dogs, and they die protecting him from a lion.

 

The Way of the Superior Man by David Deida, I would be insulting this masterpiece if I tried to use words to describe how awesome it is.

For Finance, The New Market Wizards definitely fucked my whole world up once I read about SAC and how Steven Cohen can put up consistent 40%+ returns.

The last book you should read is "The Game" by Neil Strauss. PM me when you finish that and we can talk.

 

Handmaid's Tale - Margaret Atwell (great writer)

It's about a woman's experience in a dystopian world post a nuclear war, it would probably appeal to more females than males, but it really makes you think "what if"...it was made into a movie (never seen it)

Confessions of an Economic Hit Man

If you like conspiracy theory this will give you your kicks --- pretty much how we really got into the mess we are in w/ oil and such. Not really a 'finance type' book but very good and an easy read

The Things They Carry - Tim O'Brien

A series of short stories, memoir type book about solder's lives post Vietnam

 

In defense of the OP; when I first read the topic heading, "Where the Red Fern Grows" was the first book that came to mind.

I started a personal library a few years ago and below are some of my favorites:

A Dangerous Pursuit A Million Little Pieces A Random Walk Down Wall Street Angels & Demons Barbarians at the Gate Blink Deals of the Century Freakonomics How To Keep Score in Business Liar's Poker Monkey Business My Friend Leonard One Up on Wall Street Real Money Rich Dad Poor Dad Street Addict The Davinci Code The Five People You Meet in Heaven The Money Culture The Predator's Ball The Principals of Economics The Tipping Point Wealth of Nations Where the Red Fern Grows Winning the Game of Life The Father Factor The World is Flat Loose Change Whatever You Think, Think the Opposite Einstein's Dreams Learn to Earn Excel Bible 2003 Applied Mergers & Acquisitions (textbook) Investment Valuation (textbook) The New New Thing Innovator's Dilemma 2020 Vision Good to Great Long Walk to Freedom The Prince Endurance War and Peace The Lexus and the Olive Tree The Audacity of Hope Market Wizards

 

Where the Red Fern Grows - I read it when I was 13 and it still traumatizes me I think it might have been the first book I cried over -- My favorite book from Grammar School book was The Outsiders

Some other great finance books:

Fischer Black and the Revolutionary Idea of Finance - technical but very good FIASCO Fooled by Randomness Reminiscences of a Stock Operator

I'm reading Traders Guns and Money by Das and its also very good

 

The Stranger by Camus, Les Miserables by Hugo, On the Road by Kerouac. For finance related books Reminiscences of a Stock Operator was fairly inspiring.

 

"There was only one catch and that was Catch 22, which specified that a concern for one's own safety in the face of dangers that were real and immediate was the process of a rational mind. Orr was crazy and could be grounded. All he had to do was ask; and as soon as he did, he would no longer be crazy and would have to fly more missions. Orr would be crazy to fly more missions and sane if he didn't, but if he was sane he had to fly them. If he flew them he was crazy and didn't have to; but if he didn't want to he was sane and had to. Yossarian was moved very deeply by the absolute simplicity of this clause of Catch-22 and let out a respectful whistle."

 

The first three books are miles ahead of anything I have ever read. Jack Schwager's Market Wizards changed my life. Originally a gift from my boss when i was 17 over the years I have read them over and over again. Ugly Americans just really inspires me of how life can really change and is a great perspective on the life as a trader and expat.

Market Wizards New Market Wizards Ugly Americans

Other finance books i have found influential Trade your way to financial freedom Reminiscences of a Stock Operator Trader Vic

non finance Moneyball Great Gatsby One Flew over the cuckoos nest

and finally a short story many of you have probably never heard of

Bartlby the Scrivener - This short story that I chose not to read and subsequently put my grade in a huge hole in highschool that I was forced to dig myself out of. It had one of the most memorable quotes of any book i have ever read "Ide prefer not to".

"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
 

"Dear Mr. Henshaw" - This kid writes letters describing his home life. His dad has left his mom to go trucking. It's a small, dinky book, but the last part always makes me cry.

"American Psycho"- When I lived in Japan, it was the longest book I could find in the bookstore, and even though it was really violent, it did make me think of nyc and home.

"The Chosen" - I just finished this recently, but man is it a deep book. It talks about friendship, family love, philosophy, history, the works. It's an amazing book.

********"Babies don't cost money, they MAKE money." - Jerri Blank********

********"Babies don't cost money, they MAKE money." - Jerri Blank********
 

For the people who have read The Black Swan by Taleb, I would recommend reading Fooled by Randomness. It's a similar book, but I found it to be more interesting.

I know mentioning this book brings controversy, but I enjoyed reading Ayn Rand's Atlas Shrugged a great deal. Whether you agree with her philosophy or not, the story is terrific.

Finally, I think that When Genius Fails is a great book.

 

do you guys seriously ever get tired of math crazy.... I am finishing up with Cramers first book. Its pretty solid, it answered some questions i had but not much on inspiring original content. How to get access to information is what I found was the most interesting part of the book. From the way he writes it his wife accounted for much of his hedge funds sucess including the bailout in 1998.

For those of you interesting in investment banking check out Rigged by Ben Mezrich another great read.

"Oh the ladies ever tell you that you look like a fucking optical illusion" - Frank Slaughtery 25th Hour.
 

Coopetition by Adam Brandenburger and Barry Nalebuff

Permanently changed my perspective on business tactics and competition - stretches your mind to think broadly about incentives and consequences. The only book on game theory you ever need to read, in my opinion.

Hey girlytrader - nice to see a plug for Margaret Atwood - I'm also a fan. Skip the Handmaid movie - book is way better. Did you know it was also made into an opera? Never saw it though.

 
stevenbn:
I think Atlas Shrugged might be the best book of all time

This is correct. I've read like 800 books or something close to that (I used to keep count but stopped) and nothing has ever touched me and spoke to me as much as Atlas Shrugged did both for the philosophy behind it and just her prose and imagery.

I think it is a fantastic introduction into the mindset one should have in business/life.

 

Finance: One Up On Wall Street (the book that started it all for me) Liar's Poker (great entertaining peak into The Street of old) Den of Thieves (extremely well written detailed a/c of the milken madness) The Millionaire Next Door (broke down the hype of being a millionaire)

Literature: Catch 22 (see excerpt from ab123, enough said) Grapes Of Wrath (beautifully descriptive and devastatingly personal) Crime and Punishment (suspense + existentialism wrapped up nicely) Herzog (so much of the profound in single sentences) Slaughterhouse Five (strange, lovely, imaginative trip)

Self Encouragement: Think And Grow Rich (oldy but a goody from my Pops) How To Win Friends And Influence People (same as above - a CLASSIC) The Seven Habits of Highly Effective People (well organized and very thoughtful)

 

a few favs

One More Day by Mitch Album(the Tuesdays with Morrie guy): basically about spending time with family, specifically your mother. great book for potential I-bankers to think about some things.

Jonathan Livingston Seagull: a book about the life of a seagull. Interesting look that is applicable to our lives

Kite runner: (surprised no one has mentioned it) great book about growing up and facing tragedies. I believe a movie came out, but cant vouch for it yet/

The Quran: the holy book of Muslims. Very straight forward and helps you put things into perspective.

 

anything by jack welch or warren Buffett (or anything written about Buffett, most of his stuff was written by others) the carolina way - the late, great Dean Smith anything by shawn achor 7 habits - stephen covey any of the winner's circle books, nick murray, stuff about successful brokers gets me fired up

I'm big on positive psychology books and books by people who you'd like to be like (hence why I like to read about successful brokers & money managers). positive psychology is very cheesy, but if it gets you to make one positive change in your life, it's worth it

 

I definitely agree with you about reading anything by welch or Buffett. I'm currently reading Buffett's Essays and am thoroughly enjoying it. Have you read soros' alchemy of finance?

ill have to check out 7 habits. It looks quite interesting.

I am also big on positive psych books. One book that always comes to mind is Frankl's Man's Search for Meaning. I highly recommend it if you haven't read it.

 

Off the top of my head right now: Outliers - Malcolm Gladwell (his other books are pretty good too but this one had the most impact on me) How To Win Friends and Influence People. I'll echo what the guy above me said too, I dont really believe in those "How to change your life with 4 steps" kinda books, but if it can make you make a change for the better, then why not.

 

I completely agree. I've been meaning to read how to win friends and influence people, but haven't had the time. I'm not particularly familiar with Gladwell's work so thank you for mentioning him. I'll have to read Outliers at some point (I'm pretty interested in his examintation of why the majority of Canadian hockey players are born within the first few months of each year).

 

big nietzsche fan, i studied under one of walter kauffman's proteges. camus is good reading and sartres fiction is better than his tomes of ontology (hey, heidegger was more interesting anyway).

foucualt, butler, hardt and negri, gramsci, spivak, harroway... these are my people...

 
cheesebeans:

Predictably irrational by Dan Ariely.

Great book. He also teaches an online course on behavioral finance that you can take for free. I think it's on Coursera.
"Decide what to be and go be it." - The Avett Brothers
 
SgtBrody:

On the Road by Jack Kerouac. Read this is middle school, truly inspirational

Love Kerouac. On the Road is a great book. Probably one of the most interesting and inspiring non-finance reads for me would have to be A Walk in the Woods by Bill Bryson. I love his work. I'm also a big history reader. Just finished Washington by Ron Chernow. It's interesting and inspiring to see how a group of ragtag farmers and under-financed leaders beat the world's premiere superpower. Made me even more thankful for their sacrifice. It's a hefty book that won the Pullitzer. Bring a dictionary... I've also been getting into Gordon Wood's works. I have most of his on audiobook (I have a 40 minute commute every day), but just recently purchased Empire of Liberty. It's part of the Oxford History of the United States that is a 12 volume series written by some of the best historians currently writing or teaching. I'll probably go through the series over the next few years.
"Decide what to be and go be it." - The Avett Brothers
 
SgtBrody:

On the Road by Jack Kerouac. Read this is middle school, truly inspirational

Neat how he wrote it. I read somewhere that he glued a bunch of sheets of type paper together to make one long continuous roll and would stay up for days on uppers just typing away. The continuous roll kept him constantly typing without having to stop and replace paper, interrupting his thoughts. I just inherited a very old Smith Corona typewriter from my grandmother's estate and I've thought about trying this out while putting some random thoughts on paper.
"Decide what to be and go be it." - The Avett Brothers
 

Hi Everyone, long time reader, first time poster. Currently reading Toughness by ESPN College basketball analyst Jay Bilas. Great read. Goes into what characteristics mentally tough people display in sports and in life.

 

Yeah had to for a high school class (which I barely did then) and tried to revisit it later after college, it's really long and disconnected. I never ended up making it all the way through it.

This to all my hatin' folks seeing me getting guac right now..
 
Cruncharoo:

Yeah had to for a high school class (which I barely did then) and tried to revisit it later after college, it's really long and disconnected. I never ended up making it all the way through it.

I think that I should go back and purposely re-read a lot of the books I was made to read in high school. I don't think that I enjoyed 9 out of 10 books that were required reading. The few that I've gone back and tried out again were much easier without the 2 chapters a week, report due on Friday bullshit attached to them. I wanted to dig up Charles Dickens and punch his corpse in the face in the middle of my sophomore year. More like Lowered Expectations. I actually got into trouble in my freshman year because I told my English teacher that Dickens suffered from incurable verbal diarrhea. Now he's not so bad. I just hated having literature forced down my throat. I think that high school students should be given a list of great books to choose from, then be tested on their ability to teach it to the class either by oral presentation or in some type of publication. That would be way more applicable to the real world where many jobs require the understanding and dissemination of concepts to others. Plus, you would get way more out of the research if you actually think the subject matter might apply to you. It would also help weed out potential girlfriend candidates. I'd much rather date a girl that wanted to read Ayn Rand than Sylvia Plath.
"Decide what to be and go be it." - The Avett Brothers
 

Even though it's sappy as shit, I loved The Art of Racing in the Rain. Great book, I'd recommend it to anyone. Also have to agree with How to Win Friends and Influence People, I'll probably read it for the second time soon.

 

As much as a lot of the guys on here seem to drool over The Wolf of Wall Street, I would've expected a few references to that as "inspiring" them. I guess it lost its luster when they figured out that Wall Street isn't just about money, coke, cars and hookers.

"Decide what to be and go be it." - The Avett Brothers
 

Read Lone Survivor and American Sniper and I was inspired but at the same time felt like a huge waste by not having done basically anything compared to those dudes.

This to all my hatin' folks seeing me getting guac right now..
 
coreytrevor:

LOL, A) you guys barely read, B) this reads like a suggested reading list for budding sociopaths

Criticizing users' choices in literature while starting a post with "LOL"? Totally making me ROTFL and hoping that you STFU.
"Decide what to be and go be it." - The Avett Brothers
 

Anything (everything) by Taleb, Ariely, or Michael Lewis you can't go wrong.

Also just about finished with A Theory of Justice, which is extremely thought provoking.

Others:

Only the Paranoid Survive The Indomitable Investor Richard Branson Autobiographies Consolations of Philosophy How Proust Can Change Your Life Confessions (Tolstoy) Against the Gods

 

If I had to pick one book: The Alchemist. Read it at a turning point in life and that book is perfect to me.

Other really good reads that expand the mind:

The Power of Gold: History of an Obsession Decline and Fall of Roman Empire Intelligent Investor Cat in the Hat Collected works of Tolkien The Bible, Koran, Baghavad Gita, etc... Encyclopedia Britannica (cover to cover) Deadpool comics Early Batman comics when he was completely insane Harry Potter. Sue me. Shadow Wars Guns, Germs, Steel Wealth of Nations The US Constitution, Declaration, etc. Total genius. Thus Spake Zarathustra Clifford the Dog Chomsky, lots of him Brzezinski's Grand Chessboard Monkey Business Polgar's book on chess, and no way I'm finishing that Dunham's book on fly fishing (well, tying) Bonfire of the Vanities One Hundred Years of Solitude

This could really be a long list.

Get busy living
 

Liked seeing somebody bring Tom Wolfe into the discussion. Read The Electric Koolaid Acid Test in high school and was instantly sold on his writing. Even though the latest ones (Man In Full, I Am Charlotte Simmons) have gotten bad reviews, I still like what he's doing.

"Decide what to be and go be it." - The Avett Brothers
 

Art and Zen of Motorcycle Maintenance, not an easy or quick read, but an extraordinary philosophical work. I was really taken aback by the piece and the discussions about quality, epistemology, and rationality vs. romanticism. It's one of few books that I can say truly reassess my life. In addition, the book was rejected over 100 times and the author wrote the book from 2am-6am before going to work full-time.

 
Winston Wolfe:

Art and Zen of Motorcycle Maintenance, not an easy or quick read, but an extraordinary philosophical work. I was really taken aback by the piece and the discussions about quality, epistemology, and rationality vs. romanticism. It's one of few books that I can say truly reassess my life. In addition, the book was rejected over 100 times and the author wrote the book from 2am-6am before going to work full-time.

I read that bit about him writing from 2-6 then going to work, sleeping at his desk on his lunch. Crazy dedication! Quite sad that his son was stabbed to death in 1979. Was his only son at the time (they had another child in 1980 I think).
"Decide what to be and go be it." - The Avett Brothers
 

The Intelligent Investor Thinking, Fast and Slow (you could also read The Master-Key to Riches, its shorter) The Cash Nexus & Virtual History (same author) The Most Important Thing

My biggest take away from the Intelligent Investor had almost nothing to do with finance, but an understanding of the theory of relativity.

 

For the people saying rand, its like... You have read other books, right? Not just the vapid ideological soliloquy, but the dry matter of factness of the narrative frame, if we are even using that term, and the total lack of imagination in her own abandonment of the Objectivist romanticism she preaches....but not judging. Its cool if you like that kind of thing. Somebody is buying t swift, too, I guess. Takes all kinds.

 
dim Sum cook:

For the people saying rand, its like... You have read other books, right? Not just the vapid ideological soliloquy, but the dry matter of factness of the narrative frame, if we are even using that term, and the total lack of imagination in her own abandonment of the Objectivist romanticism she preaches....but not judging. Its cool if you like that kind of thing. Somebody is buying t swift, too, I guess. Takes all kinds.

I regret I have but one banana to give.

 

The Fountainhead (really inspired me to do well in high school), Tinker Tailor Soldier Spy, Bourne Series by Ludlum, Meditations by Marcus Aurelius (Stoicism)

Passion. Focus. Drive
 

The Fountainhead (really inspired me to do well in high school), Tinker Tailor Soldier Spy, Bourne Series by Ludlum, Meditations by Marcus Aurelius (Stoicism)

Passion. Focus. Drive
 
Pokemon Master:

The Ultimate Guide to Anal Sex for Women. Changed my life around.

Before I read this book I used to resort to:

Me: Cmon, it will feel really good.
Girl: No it's not!
Me: Yes it it will.
Girl: Absolutely not!
Me: What if I only put the tip in?!?!

Now I have hundreds of pages of facts to bring to the table.

No offense, but if you're wanting to continue these "situations" I wouldn't mention any Pokemon stuff. That might be causing most of your failed sexual encounters.
"Decide what to be and go be it." - The Avett Brothers
 

from the same writer of the alchemist i would recommend the pilgrimage and the warrior of the light. the former is a book about a real life experience of the author that ties in with the alchemist , it is also great because it has exercises in the book that you may find useful in your life; the latter is not a book per se but rather full of insightful quotes

the greatest trade ever and its depiction of what paulson had to go through before he cashed in i found inspiring

"There are three ingredients in the good life: learning, earning and yearning."
 

Predictably Irrational - Dan Ariely A brave new world - Aldous Huxley Guns, Germs and Steel - Jarod Diamond Jack Welch books - although they are repetitive The Last Lecture - Randy Pausch Shogun A few of Chernow's books, house of morgan and alexander hamilton were pretty good. Dune

 

Got introduced to the concept of Stoicism by a friend, and The Obstacle is The Way written by Ryan Holiday captures it really well, provides a solid context to the original Meditations version. Wen Jia Bao, the former premier of People's Republic of China has read the Meditations teachings for at least a 100 times!

For those of you interested in monetary policy, the IMF, currency wars, the Fed, the roles of central banks, the gold standard, I'd totally recommend Currency Wars and The Death of Money written by James Rickards. Absolutely brilliant.

 

I read three books of Malcolm Gladwell's, Outliers, David and Goliath, and What the Dog Saw. And they are all very inspiring!! By the end of last year, I also read Think Like A Freak and The Power of Habits. Mindblowing? Pretty much!

Who dares, wins
 

The Buffett biography by Lowenstein - it made sense of value investing for me and really set me up career-wise.

Charlie and the Chocolate Factory - one way to enhance the imagination as a kid (without smoking/snorting/injecting something)

Zen Mind, Beginner's Mind - I'd read somewhere that Steve Jobs read this book on meditation. I needed a way to clean out the dead wood in my brain. Someone on WSO recommended The Practicing Mind; well, I think Zen Mind is more abstract and maybe more effective.

 

Satires are some of the most under appreciated books the genre as a whole is far superior to pretty much any other genre of books. With that being said Bret Easton Ellis is a true genius and he writes social satires. In reality while his characters are usually grossly over stated his books are sharp criticisms of society as a whole.

Follow the shit your fellow monkeys say @shitWSOsays Life is hard, it's even harder when you're stupid - John Wayne
 

How's it compare to The Pilgrimage? Own the latter, haven't read it yet.

Right now I'm reading Zen and the Art of Motorcycle Maintenance. While definitely not my favorite read, it does raise good thoughts on recognizing different personalities and stuff like that. Not far enough through to say much more than that.

Fountainhead - good story, slow read though. Enjoyed it.

I'm up pretty early and don't have cable, so usually pre-work is reading for career type stuff (CFA, finance/professional development, industry pieces, whatever) then any spare time in the evening I'll read fiction. Usually can get an hour or so in before bed.

 
abcdefghij:

Read classics--these books have stood the test of time and have been peer reviewed by thousands of people smarter than you. Doesn't matter if you end up liking them or not.

Agree, although I don't know if you need to suffer through a book you don't enjoy.

Classics give us a shared cannon on which to draw for analogies or anecdotes. Speaking with someone else who has read the classics makes for more interesting conversation as you can frequently relate the topic of conversation to the various books you have in common.

Simple example - I was recently talking about Edward Snowden with someone and likened him to Winston from 1984. My interlocutor thought he was more like Prometheus.

Maybe it's just me but I get a kick out of that sort of thing.

 

I rarely read fictions, especially fantasy genre.

Fav authors maybe Mitch Albom and Malcolm Gladwell. Memorable books: How to Read a Person Like a Book (Gerald Nierenberg) and Virus of the Mind (Richard Brodie).

Currently reading The WSJ Guide to Information Graphics (Dona Wong), re-reading The Intelligent Investor (Benjamin Graham), and just finished Young Money (Kevin Roose).

Oh, How to Steal Like an Artist (Austion Kleon) is fun too.

Fortes fortuna adiuvat.
 

The Black Swan

[quote=Matrick][in reply to Tony Snark"]Why aren't you blogging for WSO and become the date doctor for WSO? There seems to be demand. [/quote] [quote=BatMasterson][in reply to Tony Snark's dating tip] Sensible advice.[/quote]
 

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Aut debitis velit ipsum in rem. Reprehenderit aut quod fugiat maiores assumenda ducimus. Cupiditate dolore nostrum ipsum vel soluta est. Et id quos quam nostrum.

 

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