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6 Free Financial Modeling Lessons...and More.

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books
 

Upgrading my Reading List

minibar's picture
minibar
      O
 
 
(Senior Orangutan, 419
 
Points)
 on 3/25/13 at 6:30pm
one night stand.jpg

Last week I attended a master class at one of the MBA programs I’m looking at. The Professor was interesting he spent some time talking about all of the standard hot topic issues and we went through a case study. I left the class with one take away – I want to read more finance books. I made note of a few titles that I came across but also decided to set out on my kindle to see what I could find. 10 minutes worth of searching and I came up with the next three books I’ll be reading. Check out my list so far and help me with any suggestions.

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ITF Taking Suggestions For the Next Monkey's Review

In The Flesh's picture
In The Flesh
      HF
 
 
(Neanderthal, 2,809
 
Points)
 on 4/2/13 at 12:30pm
library.jpg

Good day monks,

I’m approaching a wondrous anniversary with WSO: My 25th Monkey’s Review!

Two years ago around this time, I had just finished a book called “Barbarians at the Gate.” The creative writer in me demanded a response of some kind, so I crafted a review in longhand and decided that sharing it with a nascent community I had heard about called WallStreetOasis would be a good idea.

I looked for Patrick’s distinctive monkey mug on the site, hit “PM,” and said something along the lines of, “I wrote this as a way to give back to the site; please do whatever you want with it.”

The Chief Monkey wrote back saying something along the lines of, “This is pretty good. Want to write some more?”

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Good Books on Real Estate Finance

Zevaka's picture
Zevaka
     
 
(Monkey, 60
 
Points)
 on 3/24/13 at 12:10pm

Dear monkeys,

Please suggest good books on real estate finance and investments. I am open for suggestions of ANY good books on the topic, but preferably:
- Regarding commercial real estate / investments in development projects;
- Something of advance level (not "how to calculate NOI").

Something with real case studies would be even greater.

Thanks!

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How To Be A Gentleman: A Monkey's Review

In The Flesh's picture
In The Flesh
      HF
 
 
(Neanderthal, 2,809
 
Points)
 on 3/7/13 at 10:30am
gentleman book.jpg

What does being a gentleman mean to you?

Does it mean knowing which fork to use at a properly-set table? Does it mean being so impeccably dressed as to make Patrick Bateman and 007 envious? Does it mean knowing when to tip, how to tie a bowtie, or how to properly greet a lady?

It can be all of those things, but at its core being a gentleman is more than just being the nice guy or being the best dresser. It’s about getting out of your head for a change and soberly considering how you come off to other people. It can be summed up in one of the first gentlemanly criteria laid out in this book:

”A gentleman never gets so big that he can feel free to say or do things that make other people feel small.”

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what book are you currently reading?

ahpatsum's picture
ahpatsum
      CO
 
(Baboon, 102
 
Points)
 on 2/22/13 at 1:34pm

what book are you currently reading?

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Must read books?

brownfield's picture
brownfield
      PE
 
(Monkey, 51
 
Points)
 on 2/20/13 at 5:19pm

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!

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Ahead of the Curve (2 Years At HBS): A Monkey's Review

In The Flesh's picture
In The Flesh
      HF
 
 
(Neanderthal, 2,809
 
Points)
 on 3/9/13 at 1:00pm
ahead of the curve.jpg

“Absurdly profitable company seeks journalist with ten years’ experience and a Harvard MBA for extremely highly paid, low stress job in which he can wear nice suits and loaf around in air-conditioned splendor making the very occasional executive decision. Requirements: an acute discomfort in the presence of spreadsheets, inability to play golf, poorly concealed loathing of corporate life, knowledge of ancient Greek.” – The Help Wanted Ad I Sought But Never Found

We spend a lot of time on WSO talking about business school, wondering whether it is right for us. And it seems that for most folks, we don’t really know whether a business school like Harvard is a smart choice because we are unsure of what we ultimately want out of our careers.

Author Philip Broughton (“P.D. Bizzle” to his b-school friends) was the Paris bureau chief of The Daily Telegraph before he decided to make the jump into this legendary New England institution, and by his own admission he definitely wasn’t exactly sure why he was there to begin with. But luckily for us fortunate readers, he had the time to write down his experiences and viewpoints after two years at this most hallowed of elite institutions, so we can see and decide for ourselves.

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Recommendations for finance books

A Fellow Linguist's picture
A Fellow Linguist
     
 
(Senior Orangutan, 375
 
Points)
 on 2/15/13 at 7:37pm

Hey guys,

With recruiting over, I'm turning my attention to reading a little more. Does anyone have any recommendations on the top finance books to read? Specifically, are there any books regarding IB and M&A in particular? Most of the books that I can think of (apart from Monkey Business) seem to be about trading/hedge funds/etc.

Here are some books that I can think of off the top of my head:
- Liar's Poker
- Monkey Business
- Too Big To Fail
- Barbarians at the Gate
- More Money Than God
- When Genius Failed
- The Big Short

  • 4
     

Real Estate Reading

SureThing's picture
SureThing
      RE
 
(Baboon, 105
 
Points)
 on 1/8/13 at 9:44pm
Real Estate

A couple weeks ago I went though the "book list" threads and compiled a list for myself. None of them turned out to be real estate specific, or even related for that matter.

Does anyone have any recommendations?

Please don't exclude residential real estate as I own a duplex and I'm sure some other members have a real estate portfolio as well.

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Book recommendations

ltohang's picture
ltohang
     
 
(Baboon, 139
 
Points)
 on 12/26/12 at 7:12pm

For someone to get started on basic finance/investing with aspirations of getting into investment banking, what books should I read to get started?

thanks

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Best books on trading to prepare for BB

njokes's picture
njokes
      O
 
(Monkey, 56
 
Points)
 on 12/19/12 at 6:20pm

Hi,

I have read a lot of books on finance/ investing...e.g. Market Wizards, The Intelligent Investor, The Black Swan, Inside the House of Money, Hull, Reminiscences of a Stock Operator etc. etc.

They are all good books, but tend to range from describing the technicals to interviews and narratives.

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Books on Physical Commodities Trading

TheHoustonFlight's picture
TheHoustonFlight
     
 
(Monkey, 58
 
Points)
 on 11/18/12 at 8:45pm

Hi,

Similar thread has been posted in the past, however, the answers are mostly sporatic, hopefully, this thread will provide some great lists of books for physical trading for all different kind of commodities.

I am most interested in energy commodities, such as petro, gas, power, however, if people want to share information on other types of commodities such as metals, or agriculture, that would also be great. Please note that, these are books that relate to physical trading. I will start and provide the list I have

Oil
Oil 101

Natural Gas
Trading Natural Gas

Energy
energy trading and investing

any other ones?

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Recommend Me A Book, Any Book

Moneyball's picture
Moneyball
      ER
 
(Senior Orangutan, 404
 
Points)
 on 11/14/12 at 9:34pm

Hi ya'll. Was just wondering if anyone would recommend me a book. I'm just about to order Financial Shenanigans from Amazon (after being so inspired by Einhorn), and thought I might as well order some more. Doesn't have to be finance related. Could be something on psychology, philosophy, career development, self-reflection or even cosmology. Preferably something underrated. Thanks.

Or maybe I should just read some financial statements...

  • 37
     

Industry Books

ladubs111's picture
ladubs111
      IA
 
(Senior Orangutan, 432
 
Points)
 on 11/6/12 at 3:55pm

Hey guys, I was looking into learning some of the old markets and was wondering if you guys had any books recommendations where I can understand the industry economics. The industries i was interested currently are:
-Energy: oil, natural gas, coal
-Financials: credit card related, banks
-Autos and autos related
-Retail
-Media
-Consulting
-Iron, Copper, Steel, etc.

So ya pretty much almost any industry. Thanks.

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A Bold, Fresh Piece of Humanity: A Monkey's Review

In The Flesh's picture
In The Flesh
      HF
 
 
(Neanderthal, 2,809
 
Points)
 on 11/6/12 at 2:30pm
a bold fresh piece.jpg

“Living well is not the best revenge. Succeeding in your career and humiliating your critics is.” - Bill O’Reilly

Since The New York Times won’t review Bill O’Reilly’s books no matter how many copies they sell, I shall assume responsibility for this one!

I reread this set of personal memoirs a while back looking for career inspiration (believe it or not), and the above quote definitely re-energized me a bit. It should also resonate with anyone who sets out on a career path with something to prove, knowing that you are smart and qualified, and that you WILL get it together, critics be damned. In fact, the title of the book comes from a nun’s response to a very young Bill in middle school after a wise-crack remark by him: “William, you are a bold, fresh piece of humanity.”

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Ascent of Money by Neil Ferguson

FinanceMike's picture
FinanceMike
      AM
 
(Senior Chimp, 22
 
Points)
 on 10/25/12 at 7:54pm

Has anyone read this? Currently reading and so far so good.

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8 Non-Business Books For Business Success

AndyLouis's picture
AndyLouis
     
 
 
(Senior Neanderthal, 5,818
 
Points)
 on 10/25/12 at 10:30pm
Non-Business Books That You Will Need to Increase Your Chances of Business Success

Moderator Note (Andy): This is a guest post by Patrick Del Rosario, a business and financial blogger (full bio below)

Here's my recommendation for 8 great books that aren't classified specifically as "business books" and offer up much better advice than some the standard fare you will find in the genre.

Would love to hear your opinions on these, and any other books you might not necessarily find in the business section but offer sound advice for business, finance, entrepreneurship, career guidance, etc

1. The Art of War by Sun Tzu.
The granddaddy of all non-business business books, Sun Tzu’s explanation of how to engage in warfare in ancient China has had its principles applied to modern business again and again.

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The New Tycoons: A Monkey's Review

In The Flesh's picture
In The Flesh
      HF
 
 
(Neanderthal, 2,809
 
Points)
 on 10/16/12 at 12:31pm
new tycoons.jpg

“The New Tycoons” is an expansive overview of the current state of the private equity industry, hallowed career promised land for some (i.e., a majority of the people on WSO), destructive wreckers of companies for others. Bloomberg reporter Jason Kelly offers a guided tour of the world of private equity, from the broad-based strategy talks with the titans at the top of the pyramid to drilling down into the trenches below ground.

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Guys... How to read?

Relinquis's picture
Relinquis
      RE
 
 
(Neanderthal, 2,186
 
Points)
 on 10/14/12 at 11:07pm

I've always been a hardback/paperback guy, but have just ordered the new Kindle (the Paperwhite, no ads).

How do you guys read? i.e. what format do you prefer?

I prefer paper. I dislike reading on my laptop and even at work, will usually print out documents at work to read and mark up, much to the dismay of my Eco-friendlier colleagues.

I haven't used an e-reader yet, but think it would be convenient for my casual reading as i travel a lot for extended periods and the regular Kindle is closer to the look of real paper than the ipad and other tablets.

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Academic Overachiever: Junkie or Role Model?

corporateape's picture
corporateape
      CF
 
 
(Senior Baboon, 199
 
Points)
 on 10/14/12 at 10:30am
Books

In general, overachievers are individuals who perform better or achieve superior results due to excessive efforts in an academic or professional environment. I would not presume for a moment that I belong to this group unless I would not really identify myself with the issues overachiever’s have to deal with.

I got a very decent GPA during my undergrad degree and received a master degree with distinction which cost me quite some nerves and hair on the back of my head. Since I am from a non-target school I always tried to ace all finance related classes in order to compete with students that have more “favorable” backgrounds. I saw that as an obligation and became some sort of role model (or tutor) to of my fellow non-target students.

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ER Books... either of these worth the read?

Solaxun's picture
Solaxun
      HF
 
 
(Senior Monkey, 92
 
Points)
 on 9/19/12 at 9:04pm

http://www.amazon.com/Equity-Valuation-Analysts-In...

http://www.amazon.com/Best-Practices-Equity-Resear...

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Just started Monkeybusiness Top quotes so far.

kyleyboy's picture
kyleyboy
      HF
 
(Gorilla, 740
 
Points)
 on 9/13/12 at 4:22pm
monkey.jpeg

I just started reading Monkey Business and i'm only about 50 pages in and this book is hilarious. I recommend it to anyone that likes investment banking or even just a good laugh

there was Stevens, with no sleep for the preceding seventy-two hours and with a full meal under his belt, fighting to stay awake during our after-dinner question-and-answer session. Rolfe and I were seated directly across from him, and had watched him come close to nodding off several times during dinner. Each time he’d been able to fight off the urge and stay conscious, but the effort this required was clearly increasing with each occurrence. At times his eyes came within a hair’s breadth of being closed, so that he looked like a Korean fighter pilot after two quarts of rice wine.

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An Empire Of Wealth: A Monkey's Review

In The Flesh's picture
In The Flesh
      HF
 
 
(Neanderthal, 2,809
 
Points)
 on 9/11/12 at 12:30pm
empire of wealth.jpg

Reading history is a rewarding experience because it can help shake you out of your myopia and make you realize that you’re a part of something much bigger: the tide of history and the millions who came before and after you.

When I started reading John Steele Gordon’s “An Empire Of Wealth,” it felt quite different from the typical dry histories we were forced to read in school for a number of reasons.

For one, it’s actually well-written and interesting—for an economic history of the largest powerhouse on the planet, that’s no small feat. The pacing and flow are both to be commended, as Mr. Gordon traces “The Epic History of American Economic Power” from the first tobacco cash crop in Virginia through the New Economy and the first days of the war on terror.

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The Money Culture: A Monkey's Review

In The Flesh's picture
In The Flesh
      HF
 
 
(Neanderthal, 2,809
 
Points)
 on 8/28/12 at 12:30pm
money culture.jpg

“The Money Culture” is a collection of Michael Lewis’ (of Liar’s Poker fame) writings and articles from 1986-1991, during which he had his falling out with Salomon Brothers. The general theme is to provide a snapshot of the financial industry during this time period, courtesy of Mr. Lewis’ cynical wit and personal observations. He splits “The Money Culture” into 3 geographical regions: the United States, Europe, and Japan.

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Markets Never Forget (But People Do): A Monkey's Review

In The Flesh's picture
In The Flesh
      HF
 
 
(Neanderthal, 2,809
 
Points)
 on 8/14/12 at 12:30pm
markets never forget.jpg

“The four most expensive words in the English language are: ‘It’s different this time.’” – Sir John Templeton, investing legend

Forbes columnist Ken Fisher’s new book is a very timely read for all investors, whether bullish or bearish. If you are convinced (as many of us seem to be), that we are in a ‘new normal,’ that we are in a ‘secular bear market,’ that we will soon have a ‘double dip recession,’ or in general that nothing good will ever happen in the stock market ever again, “Markets Never Forget” will dunk your head into a bucket of ice water and make you reconsider.

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GMAT Books For Sale - NYC ONLY

John_McClane's picture
John_McClane
      AM
 
(Monkey, 54
 
Points)
 on 8/11/12 at 11:02pm

I'm selling all of my GMAT Books. These books helped me score a 760!

Manhattan GMAT Strategy Guides: Volumes 1-9, 4th Edition (Volume 9 is 5th edition)
Manhattan GMAT Foundations of GMAT Math 5th Edition
Manhattan GMAT Foundations of GMAT Verbal
Manhattan GMAT Advanced GMAT Quant
Powerscore LSAT Reading Comprehension Bible
Powerscore GMAT Reading Comprehension Bible
Official Guide to GMAT Review 12th Edition
Official Guide to GMAT Review 13th Edition
Official Guide to GMAT Quantitative Review 2nd Edition
Official Guide to GMAT Verbal Review 2nd Edition
Kaplan GMAT Verbal Workbook
Kaplan GMAT 800
Vertias Prep GMAT Reading Comprehension Guide
Total GMAT Math (Jeff Sackmann)
GMAT Ultimate Grammar (GMAT Club)

http://imgur.com/EhlmN

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Books to Read

applestoapples3's picture
applestoapples3
      IB
 
(Chimp, 9
 
Points)
 on 8/8/12 at 5:47pm

I am an analyst for a diversified holding company. This is my first real job out of college and in finance. My major was not related to finance, so suffice it to say, I am not as prepared for this as I could be. My employer told me to buy some books on valuation, bonds (specifically MBS's as well as repos), and accounting. I'm also thinking of taking a modeling/valuation course.

What are the best? I will only have time for one of each.

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ER Books -- Valuation, Modeling, Etc.

UncleMilty's picture
UncleMilty
     
 
(Senior Orangutan, 397
 
Points)
 on 7/24/12 at 8:09pm

Anybody have any suggestions for a student seeking a career in equity research (preferably covering aerospace & defense, financials, or healthcare) as far as books on modeling and valuation?

I was considering "Best Practices for Equity Research Analysts: Essentials for Buy-Side and Sell-Side Analysts," "Equity Valuation for Analysts and Investors," "Analysis of Financial Statements" by Leopold Bernstein, and "Financial Modeling" by Simon Beninga.

As far as my level of experience, I've had an internship at a buy-side firm, and am an undergraduate economics major.

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Last Minute Beach Read

Edmundo Braverman's picture
Edmundo Braverman
      ST
 
 
(Human, 14,367
 
Points)
 on 7/24/12 at 7:30am
Savages.jpg

If you're like me, you probably only read fiction at a 3:1 or 4:1 ratio with non-fiction, with a heavy bias towards financial non-fiction. I haven't read much fiction over the past year with the exception of the Game of Thrones series.

I have four magazine subscriptions. I'm talking about actual print magazines that arrive monthly in the mailbox for consumption on the shitter (quaint, I know). I get BusinessWeek, Inc, Men's Journal, and Urban Farm (don't ask). So last night I was flipping through the latest issue of Men's Journal and I found a piece about Don Winslow. I'm kinda surprised to say that I'd never heard of him because he's written 16 novels, a number of which were best sellers. He writes the sort of hip, gritty crime novels which Elmore Leonard is famous for, and Oliver Stone just made a movie of his novel Savages.

MJ usually doesn't steer me wrong, so I bought the Kindle version of The Kings of Cool last night. I picked that one because it's a prequel to Savages, and moreso because it was the cheapest of all his Kindle books (hey, I said I wasn't familiar with the guy, right?). Well, let me tell you. I was up until almost 2 this morning reading it. As in, couldn't put it down. Don Winslow is legit.

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Top 10 books any wall street pro must read

jessylox's picture
jessylox
     
 
(Chimp, 11
 
Points)
 on 7/22/12 at 1:38pm

As stated in subject. What do you recommend?

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For better or for worse, there’s a very unique feeling when everything goes completely according to plan yet nobody seems to care or notice. Such is the case with our favorite company of the moment, Tesla Motors. For those unaware, TSLA has rocketed upwards since its Q1 earnings release,...
A Perfect Storm
I work as a long/short equity analyst at a large hedge fund. I've been lucky enough to be more than just a model monkey early on in my career, but have also been exposed to the stress of being measured on returns. I primarily cover consumer and TMT names. I went the typical path (target...
I'm a Hedge Fund Analyst - Ask Me Anything
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
Someone was asking me about this in PM and I wrote a long and detailed reply about what it is like to work in Big 4 and what advice I would give to people thinking about interning / working there. Thought it might be useful for others so my reply is below. Happy to answer any...
Working In Big 4 Audit in London
<em>Mod Note: This is a syndication from Jared's Daily Dirtnap daily market newsletter. WSO readers qualify for a $100 discount...just email [email protected] and mention "WSO Monkey Discount" You can follow Jared on twitter at @dailydirtnap</em> There I go...
In Praise Of High Interest Rates
<em>Mode note: Blast from the past - "Best of Eddie" - this one is originally from December 2010.</em> Monty09 may have gotten the best plug yet for his <a href="http://energyrodeo.com/">Energy Rodeo</a> in Houston next month, and it came from none...
New York vs. Houston
Hi Everyone, I read a lot of these forums a couple years back and they helped considerably in terms of realistic expectations about day to day life as an analyst. I was hoping to return the favor by answering a few questions (if anyone has any) about life as an analyst at a buy side real...
Q&A With a Buy Side Analyst at Real Estate Investment & Development Firm
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