Best book?
What is the best book you’ve read relating to finance/investing? Looking for something to read during quarantine.
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"The Intelligent Investor" is a classic, but it reads like a textbook. I really enjoyed "The Ascent of Money" as well, but it's not as specific to finance.
"Liar's Poker" probably up next for me.
I really enjoyed Liar's Poker (finished it a few days ago). It's fantastic from a historical perspective and makes you really appreciate the size/importance/variety of the credit markets. Is decently entertaining too (although the first part can be a bit of a drag).
+1
Not directly related but “Buddenbrooks” by Thomas Mann. It is about the decay of a wealthy family that goes from riches to rags in a matter of four generations. worth a read, it offers many valuable lessons in keeping your money close. I can also recommend “Liar’s Poked” by Michael Lewis on Salomon Brothers in the 1980s
thank you for recommending a real book instead of the usual finance drivel. only guy itt i would hire.
Well then, on that note - Man's Search for Meaning is a good book to read as well.
https://www.amazon.com/Mans-Search-Meaning-Viktor-Frankl/dp/080701429X
great book
lol!
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Reading King of Capital now, good if you are interested in private equity
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing - Burton G Malkiel One Up On Wall Street - Peter Lynch Common Stocks and Uncommon Profits and Other Writings - Philip A Fisher Investment valuation - Aswath Damodaran Reminiscences of a stock operator - Edwin Lefevre, Roger Low-stein Liars Poker - Michael Lewis The New Market Wizards: Conversations with America's Top Traders - Jack D. Schwager More Money Than God: Hedge Funds and the Making of a New Elite - Sebastian Mallaby Irrational exuberance - Robert Shiller Money & Power: The History of Business - Howard Means The Frackers: The Outrageous Inside Story of the New Billionaire Wildcatters - Gregory Zuckerman The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron - Bethany Mclean Lords of Finance: The Bankers Who Broke the World - Liaquat Ahamed Banker to the poor : micro lending and the battle against world poverty - Muhammed Yunus Why Nations Fail: The Origins of Power, Prosperity, and Poverty - Daron Acemogl
Additional edits mentioned by users:
King of Capital - John E Morris Buddenbrooks - Thomas Mann The intelligent investor - Benjamin Graham Den of Thieves - James B Stewart Predator's ball- Connie Bruck When genius failed (LTCM) - Roger Lowenstein Barbarians at the gate - Bryan Burrough Valuation ( Mckinsey) The man who solved the market- Greg Zuckerman Asset management -Dr Andrew Ang How to win friends and influence people - Dale Carnegie Distressed debt analysis - Stephen Moyer Straight to Hell - John Lefevre Red Notice - Bill Browder Death of a salesman - Arthur Miller The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It - Scott Patterson
Super pumped was really good but it only has a small section where it mentions much about finance. That is during fundraising with Bill Gurley at Benchmark, and the IPO with DB.
I think the storyline makes you want to keep reading but then again that's a personal preference. I will edit the list
v desappointed that Super Pumped only has about 0.5 page on Masa Son. Wondering what a WeWork book would come out like
To add a few:
Den of Thieves Predator’s Ball When Genius Failed (LTCM) Barbarians at the Gate Valuation (McKinsey)
+1 on When Genius Failed.
If you liked it I'd also check out The Man Who Solved The Market by Zuckerman
"Asset Management" by Dr. Andrew Ang (head of Factor Investing at Blackrock) is far and away the best and most accessible book on the subject.
Kings of capital! Founding of blackstone.
How to Win Friends and Influence People by Dale Carnegie
ah true -- great book
Distressed Debt Analysis by Stephen Moyer
Also, Death of a Salesman by Arthur Miller. Not really a book, but it's one of the best reads ever.
Quants. Lots of Math Wizards swinging their nerdy dicks.
Straight to Hell. A tad of finance, tons of entertainment.
Lots of good mentions here. One more - Red Notice by Bill Browder.
Thinking Fast & Slow by Daniel Kahneman. While somewhat outdated in the field of behavioral economics (yet pivotal in its status today), I haven’t found a book that has had the same impact on my thought processes. I often find myself referring to the logical fallacies originally outlined in this book to actively improve my decision making. There are chapters regarding investor related fallacies that you will find useful, but I think the impact it will have on your understanding of human limitations in decision making will be even more beneficial to your life and career.
Shocked nobody has mentioned The Most Important Thing by Howard Marks. It's easily one of the best books on investment philosophy I've read.
Everything makes sense, it's written succinctly and he has one of the all-time best records of any investor out there.
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