Best Books To Read For Incoming HF Analyst

Some reading that I'd recommend:

Paul Marshall - 01⁄2 Lessons from Experience: Perspectives on Fund Management: The author founded / is CIO of Marshall Wace which is probably the industry leader in Europe right now. It is short (128 pages), punchy and really focuses on the key issues in the industry.

Scott Fearon - Dead Companies Walking / Richard Sauer - Selling America Short: Trying to figure out how the short side works / what a crappy company looks like is pretty important. You could even read Financial Shenanigans by Schillit which really goes into weeds on forensic account.

Others just for general background/case studies:

• Quality Investing by Lawrence Cunningham - philosophy of one of London's top funds.
• Capital Returns: Investing Through the Capital Cycle: A Money Manager's Reports 2002-15. Notes from meetings written by the Marathon team. Some of the meeting notes in the run up to the credit crisis show how long things can continue for before the bubble bursts.
• Yen Liow who used to teach Mental Models at Columbia biz school has been posting on YouTube recently raising his profile. Worth just listening to him about learning.