Gaining Knowledge

Hey guys! I am a recent high school grad. School is out, but I still want to learn two topics during my free time. Those two would be coding and any financial knowledge that would help me understand the hedge fund world. My father is a senior software engineer, so I have someone to guide me in that area. However, I wanted to consult this forum on what books/guides to read up on for hedge funds. For context, I gained a lot of interest in the financial services industry during my senior year. I was blessed to have a fantastic economics teacher who went over various aspects of our economy and financial sector. I pretty much self-taught myself a good amount of economic theory by reading all the books he recommended to me, and I gained a basic understanding of how the investment banking world works. Now I want to expand my knowledge in the hedge fund area. What guides/books/posts should I read? By the end of the summer, I want to have enough knowledge to pursue an internship in the area.

Comments (10)

Most Helpful
May 12, 2022 - 2:32am
attentionisallyouneed, what's your opinion? Comment below:

A good podcast to learn more about finance: "Invest Like the Best with Patrick O'Shaunghnessy." He has some amazing guests such as David Rubenstein (Private Equity) or Dmitry Balyasny (Hedgefund). Super informative and reputable (unlike most finance content on the internet).

May 12, 2022 - 2:37am
attentionisallyouneed, what's your opinion? Comment below:

Since you'll be in the coding space. Also recommend "algorithmic trading: winning strategies and their rationale" by Ernest Chan. He worked as a quant at a hedge fund, and in his book he actually talks about "even a smart high schooler can understand".

  • Investment Analyst in HF - Other
May 14, 2022 - 1:19pm

Disclaimer: I don't directly answer your question but I provided some helpful advice.

Great that you have actually dipped your toes into the space and not just saying "i'm interested in hedge funds."

Let me first preface this by saying don't be discouraged by posters on this site who just tell you to chill and get laid.  I once asked this question back as a HS senior back when anon posting wasn't widespread (pretty sure it wasn't even there at that time).  The advice of waiting till college is good but if a kid is curious, don't stop em is my philosophy.  Additionally, the world is getting much more competitive and unlike some older people on here, you have the advantage of the internet.  

Ok now for the real advice.  I see that you said you wanted to learn coding and finance so I'm assuming you have some knowledge and/or interest in the tech sector (correct me if I'm wrong).  Dick shared a good reading list but you can also learn the sector in-depth by reading various industry reports, earnings calls (CEO commentary), etc. You can always read some internet guides if those industry reports are too complex for you right now.  But remember do NOT stick yourself to a certain sector "oh i'm not interested in anything besides consumer/tech stocks."  You have the advantage of being in school + young so try to gain a basic understanding of every sector (by basic I mean more than a high-level understanding because everyone knows how the energy industry works on a high-level so the bar is low).  More points to you if you can get a firm understanding of a few sectors.  

Moreover, NEVER stop having a desire to learn.  i've interviewed a few college kids who have a much more in-depth understanding than most of my colleagues and I had when we were their age so UTILIZE the resources you have. 

  • Investment Analyst in HF - Other
May 19, 2022 - 11:03pm

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