I’m a freshman at a target and still on winter break. Since I haven’t taken any finance classes (and really bored lol), I wanted to hear your recommendations on books I should be reading in order to learn the fundamentals. Any other books not related to finance would also be appreciated. Thanks
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any and all books written by Michael Lewis fr
Fooled By Randomness - Talib
Mastery - Greene
Just finished reading Monkey Business. I definitely recommend this book if you plan on pursuing a career in IB. Even though I have known about the reputation of IB, Monkey Business was definitely an eye opener.
Investment Banking by Rosenbaum
Barbarians at the Gate
The Big Short
Aswath Damodaran has lots of niche papers on his website related to concepts about finance check those out
I have quite an extensive reading list about finance that I'll gladly share, some of them I've read, some are still on my to-buy list
Too big to fail - Andrew Ross Sorkin (2008 crisis)
Den of thieves - James Stewart (Boesky insider trading scandal)
The man who solved the market - Gregory Zuckerman (Jim Simons and Renaissance Technologies)
More money than god - Sebastian Mallaby (profiles of famous hedge fund investors)
The big short - Michael Lewis (2008 crisis)
Liar's poker - Michael Lewis (Salomon Brothers)
A random walk down wall street - Burton Malkiel (personal investing, wealth management)
When genius failed - Roger Lowenstein (LTCM collapse)
The spider network - David Enrich (LIBOR manipulation)
Barbarians at the gate - Bryan Burrough (RJR Nabisco LBO)
The predator's ball - Connie Bruck (Drexel Burnham)
King of capital - David Carey (Blackstone)
The quants - Scott Patterson (rise of quant investing)
The firm - Duff McDonald (McKinsey)
The golden ticket - Duff McDonald (HBS MBA)
Black edge - Sheelah Kolhatkar (SAC Capital insider trading)
The buy side - Turney Duff (story of a HF trader)
Discussion materials - Bill Keenan (life as Asso at DB)
Billion dollar whale - Tom Wright (1MDB scandal)
Flash boys - Michael Lewis (High frequency trading)
The smartest guys in the room - Bethany McLean (Enron)
Straight to hell - John Lefevre (IB at GS)
The courage to act - Ben Bernanke (2008 crisis)
The alchemists - Neil Irwin (central bankers)
Irrational exuberance - Robert Shiller (behavioral finance)
Market Wizards - Jack Schwager (series of books about hedge fund investors)
Boomerang - Michael Lewis (consequences of 2008 crisis on 3rd world countries)
Monkey business - John Rolfe (life at DLJ)
The bonfire of the vanities - Tom Wolfe (satire about the life of a bond trader in NYC)
Merchants of debt - George Anders (KKR)
Fooling some of the people all the time - David Einhorn (short selling and finding fraud)
Dark Towers - David Enrich (fall of DB)
Amazing, thank you so much for the detailed list!
House of the dead - Fyodor Dostoevsky
My suggestion is to read also non-finance related books before beginning recruiting season
In my experience HR, and also Associate/VP/MD, really like to see that you’ve other interests outside the financial world
They might test you with the two hours flight test and 100% believe me they wouldn't like to be stucked with someone that does talk about finance
Yeah, that makes sense haha. Any recommendations for interesting non finance books?
Recently i've gone through the power of habit by Charles Duhigg. Easy read that i've found quite interesting since it explains how our brain works
Now i'm reading the bio of a skier since ski is my sport lol
7 Powers: The Foundations of Business Strategy by Hamilton Helmer
I'm not much of a reader, but I would definitely recommend this for anyone interested in business strategy. It's not long at all either, which is an added bonus.
Don’t read too many finance books. My md asked me what book I read and I couldn’t think of anything non finance related. He thinks I’m a nerd now lol
Guns, Germs & Steel
Genghis khan and the modern world
1984
Other people's money
Non-finance books, but classics I enjoyed:
Candide—Voltaire
The Picture of Dorian Grey—Oscar Wilde
This Side of Paradise—F Scott Fitzgerald
One Hundred Years of Solitude—Marquez
Just re-read Boys in the Boat (I used to row), planning on reading Caste by Isabel Wilkerson next, my friends recommended it
The Art of War — Sun Tzu. Intriguing, brief, & applicable at a high level to business + life. There’s a free audiobook version on YT you can crank in less than 2 hours.
Predator's Ball without a doubt. Also consider:
Zero to One by Peter Thiel (start-ups)
Loonshots by Safi Bahcall (daily life)
Never Split The Difference by Chris Voss (negotiation)
The New Tycoons by Jason Kelly (private equity)
The First Billion by Christopher Reich (fictional)
What It Takes by Stephen Schwarzman (daily life/pe)
Hedge Hogging by Barton Biggs
“Red Notice” is a fantastic finance/geo-political thriller by Bill Browder.
I second that. Although towards the end of the book he deviates by stating how he and his team managed to escape from Russia (which IMO gets a little boring), the part where he talks about his initial contact with Russia and his fight with the oligarchs during the first Hermitage Fund is absolutely fantastic.
If you’d like a book that reads easy, try “The Complete Guide To Capital Markets for Quantitative Professionals.”
It reads like a middle school textbook and explains Financial Markets in a way even a 5-year old would understand. Covers every possible area of Capital Markets you’d run into.
https://www.amazon.com/dp/0071468293/ref=cm_sw_r_sms_api_glc_i_gtxZFb3G…
Michael Lewis is funny but stretches the facts often in my opinion. He is a talented writer nonetheless
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