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There are general business and perhaps not finance. Disclaimer: these are my personal preference. Top 5 in no particular order:
Read my first manga book last night. I wish I had read this when I was 16! Awesome book. Everyone freaking out over their careers on here should read it.
There are actually a couple of very good mangas out there which are just overlooked because they are in an artistic form and is considered to be just meant for children..
Can you recommend some? I'm not into the whole anime/Japan culture thing but it's a very cool way to tell a story.
Fixed.
The Most Important Thing Illuminated - Howard Marks Zero to One - Peter Thiel...not really finance Off Track - John Taylor Too Big to Fail - (?) The CEO commentary alone is worth it
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The Game is a great book. People underestimate the intellectualism in the pua community. They are basically nerds to study sociology/psychology to improve social interactions.
And picking up a girl in a bar is just the same thing a salesman does.
I’ve had to take corporate speaking classes and a lot of the concepts on body language etc are the same.
Great taste. I really like Michael Lewis and those are my two favorites. Plus On Liberty is a classic
Moneyball is about baseball analytics
moneyball and influence would be on my list too, haven't read the others
+1 for Influence It's like a non-ironic The Prince from the 1980s
Here are some classic reads: - Barbarians at the Gate - When Genius Failed (LTCM) - Den of Thieves - The Smartest Guys in the Room (Enron) - How to Throw Darts to Make Investment Decisions for Clients
Oh how I wanted the last one to be real
Wouldn't surprise me if someone in funds management has done that to pick an investment
Market Wizards, How to Win Friends & Influence People, Basic Economics by Sowell, Liar's Poker, The Buy Side
7 habits of highly effective people by Covey
Nothing really groundbreaking but here goes.
In terms of being informative:
For enjoyment: - Monkey Business - Cityboys - Street Freak - Wall Street Meat - Money Mavericks
A Monetary History is the United States by Milton Friedman is a must read for any trader/buyside Guy. There is nothing that influences long term investment returns like being on the right side of the Federal Reserve.
If you get all you investment decisions wrong and underperform the market you will still make money if your positioning long or short is in line with central banking.
Some of the above books are dated. Market Wizards for example is more relaxant 20 years ago....pre-algo trading.
Non-finance:
Finance books:
Business Books:
Influence is a top read!
1. More Money Than God by Sebastian Mallaby -In depth history of the hedge funds including mini bios and dramatic stories from George Soros, Steve Cohen
** 2. Birth of Plenty by William Bernstein** - Thesis on how modern economies develop thru 4 pillars - based on financial markets, private land, transportation/communication, and the scientific method. Especially interesting if you like history, and a big book so you could skip out on other 3 sections but I loved the whole book. Not love as in 'it was a great story'. It just has crazy information that I never saw together in the light that Bernstein's thesis shines.
**3. House of Morgan by Ron Chernow ** - Follows the Morgan family and affiliates from inception in the 19th century as merchant bankers to white glove political advisers to the Chinese wall division and leads out to the late 80s as corporate raids were raging.
4. Den of Thieves - Already stated on this forum and I agree
5. Wolf of Wall Street. Ya. I know. But it is a funny book honestly with a lot more in depth coverage of the actual business side involving Jordan's run against the government and his penny stocks-as compared to the movie. And a lot more drugs, sex, and ridiculously vulgar language than the movie
More Money Than God, House of Morgan, and Den of Thieves are all in my top 5, as well.
Re-reading More Money Than God at the moment. Nice list.
cohen isn't in MMTG lol. Was waiting for him, but he didn't appear
Great picks all around--I just went on a mini Amazon binge. My picks are below:
The (Mis)Behavior of Markets by Benoit Mandelbrot. One of the greatest mathematicians of 20th century basically tries his hand at analyzing the mathematical underpinnings of modern finance. This book is a great critique of portfolio theory in particular--his critique is similar to Taleb's (risk is not normally distributed and volatility =/= risk) but more rigorously grounded.
Flash Boys by Michael Lewis. Already mentioned above. Two things that stood out to me: how royally smaller investors are getting fucked and the relationship between HFT and physical infrastructure.
Nudge by Richard Thaler and Cass Sunstein. Another behavioral science book in the vein of Influence and Predictably Irrational (highly recommend both of those too). Not finance related for the most part, but I found it helpful for structuring my own life so that good decisions are easier to make (or made for me).
American Psycho by Bret Easton Ellis. The book is fairly different from the movie. The film is more fun, but the satire in the book is much more biting and it is a much harsher indictment of the finance culture of the 80s/90s.
The Prince by Machiavelli. Maybe only relevant for finance once you reach MD or Partner level.
** indicates a must read
7 Habits of Highly effective people ** 48 laws of power Moonwalking with Einstein 50th Law - Robert Greene Mastery - Robert Greene The Defining Decade ** At left brain turn right Thinking Fast and Slow The Art of thinking Clearly Influence - Robert Cialdini ** Steal like an artist ** How to win friends and influence people 4 hour work week ** A new world - Eckhart tolle Never eat alone Bird by Bird On writing - stephen king ** Strategize to win - carla harris Think and grow rich - napoleon hill See you at the top Mans search for meaning - viktor frankl Freakonomics Outliers - malcolm gladwell How to talk to anyone The magic of thinking big Emotional intelligience - daniel goleman The wisdom of the crowds The greatest salesman in the world Benjamin Franklin autobiography Focus - daniel goleman
Philosophy - The Daily Stoic - 366 days of wisdom Tae te ching - Lao Tze Meditations - Marcus Aurelius ** Senecas letters Platos The republic Courage - osho Siddhartha - Herman hesse Thus spake zarathustra - friedrich neitzche
Finance/Business Shoe Dog** Ray Dalios Principles The King of Capital - Steve Schwarzman biography Guide to investing - Robert Kiyosaki Liars Poker ** Cold Steel Barbarians at the Gate Young Money The Masters of Private Equity and venture capital New tycoons
The red pill/manosphere/girl game- The rational male - rollo tomassi ** How to be a 3% man - corey wayne
Consulting - The pyramid principle The McKinsey Way
Fictional - The Fountainhead - ayn rand ** The alchemist - paolo coelho The old man and the sea
Excellent list. Rollo's book is a masterpiece- have read it at least 5 times. Also, Robert Greene is coming out with a new books called "The Laws of Human Nature" in October.
Boomerang - Michael Lewis Asia's Cauldron - Robert Kaplan Outliers - Malcolm Gladwell The Four - Scott Galloway Prisoners of Geograph - Tim Marshall
Tried to list ones that opened my eyes while also being new ones not listed above.
Relentless, Tim Grover (great book on mindset) How to be a Billionaire, Martin Fridson (must read about career planning) Black Swan, Nassim Nicholas Taleb (influenced a lot of my thinking on the markets) Way of the Superior Man, David Deida (must read for any man in his early 20s) Beyond Bodybuilding, Pavel Tsatsouline (finally got my bench to 225 thanks to this)
Although I’m not in my early 20’s I just recently picked up the Deida book through a recommendation from a friend of a friend and it was incredible. Definitely life-changing and something I wish I had in the first half of my 20’s. This is the kind of shit they should teach in school. https://hheell.files.wordpress.com/2017/06/how-to-be-a-billionaire.pdf Regarding the Fridson book - how good is it? Does this summary really capture it?
Theory of Money and Credit Prices and Production Positive Theory of Capital Interest and Prices Monetary Theory and the Trade Cycle
fuck man, just reading that list makes me want to go to sleep.
Try it. I think you might find it interesting. I would start with Wicksell's "Interest and Prices."
I see we have an Austrian among us
Most of the above posts have done a great job detailing some interesting books. One I recently read was "The Signal and The Noise: Why So Many Predictions Fail-But Some Don't".
Quite interesting if you are at all into the quant side of finance or econometrics. Also touches base on some interesting Bayesian vs. Frequentist arguments. Solid read.
You may also want to check this out https://www.wallstreetoasis.com/forums/what-are-you-reading
The Communist Manifesto.
Non finance: - Guns, Germs, and Steel - The Age of Oil - Crime and Punishment - Atlas Shrugged - Julius Ceasar (Shakespeare) - All the Harry Potter books!
Guns, Germs, and Steel = great, great book
Maybe not top 5 ever, but top 5 recent for me:
The House of Morgan - Chernow
The Man Who Knew - Mallaby
Capitalism, Socialism and Democracy - Schumpeter
Margin of Safety - Klarman
My Years with General Motors - Sloan
The Richest Man in Babylon, more about personal/household finance and how to start growing your net worth through investing. Its written in parables set in ancient Babylon.
Really helped me start saving and gain simple financial wisdom.
It's a quick read too (around 150 pages)
Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market **
Principles: Life and Work by Ray Dalio
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Flash Boys
Barbarians at the Gate
Liar's Poker
Reminiscencesniscenes of a Stock Operator
When Genius Failed: LTCM
The Go-Giver - Bob Burg
Red Notice - Bill Browder
The Devil in the White City - Erik Larson
Practical -- How to Win Friends and Influence People
Literary Value -- Tropic of Cancer
Biographical -- Steve Jobs
kahneman thinking fast and slow :)
Not necessarily my “Top 5”, but here are some others that I took many lessons from that haven’t been mentioned yet.
The Charisma Myth - Olivia Fox Cabane
What every body is saying - Joe Navarro
Never Split The Difference - Chris Voss
The 80/20 Principle - Richard Koch
Good to Great - Jim Collins
What do you think specifically about "The Charisma Myth" and "What Every Body is Saying?"
Thought the Charisma Myth is great. Author clearly knows what she is talking about and it is a quick read. Covers all aspects of charisma necessary in a business setting.
Meditations
As a Man Thinketh
Master Key to Riches
Power of Your Subconscious Mind
Outliers (this was huge because it made me realize how important it is to keep kids working some type of craft, with education not counting as a craft but a discipline that comes first and foremost)
Flow
Reminiscences of a Stock Operator
Jesse Livermore - Boy Plunger: Man Who Sold Market Short in 1929 (biography)
Trading in the Zone
Undoing Project
anything Jordan Peterson
highexistence.com (sometimes)
anything Brett Steenbarger
anything Charles Hugh Smith
reddit
zerohedge
zerohedge always makes for great entertainment
broadly reddit? may as well say you read the internet
Some non finance things here:
The Sports Gene - very in depth about the genetics of sport, and how they influence performance, changed how I think about sports, among other things
How Not to be Wrong - a great book about math and statistics applied to daily life and historical situations, some parts are definitely applicable to finance
Complications - written by a doctor, talks about uncertainties and risks in medicine, very well written
The Inferno
"When the Wolves Bite" just came out last month and it's incredible. In depth look at the Icahn/Ackman feud over Herbalife. Highly recommend
How the Mighty Fall - Jim Collins Good Profit - Charles G. Koch The Power of Moments - Dan and Chip Heath Principles - Ray Dalio Market Wizards - Jack Schwager
The Intelligent Investor - Benjamin Graham A Random Walk Down Wall Street - Malkiel Atlas Shrugged - Ayn Rand One Flew Over The Cuckoo's Nest - Keesey The Great Gatsby - FS Fitzgerald The Broker - Grisham Hannibal - Harris The Summons - Grisham
Can't go wrong with any Michael Lewis book. Street Freak By Jared Dillian Young Money by Kevin Roose The Buy Side By Turney Duff (One of my favorites) Steve Jobs by Walter Isaacson
Fight Club is actually a great fiction read. Genghis Khan and the Making of the Modern World is great too.
Fight club isn't fiction.
Well, admitting it isn't fiction is actually breaking the first rule of Fight Club, so no one really says it.
Extreme Ownership Mind Gym Fearless The Westies How Starbucks Saved My Life
No Easy Day/The Operator
1)The Personal MBA 2)The 48 Laws of Power 3)The 4 Hour WorkWeek 4)Serve No Master 5)The Rational Male
All the usual suspects I've read or want to read are already on here, but I recently read "Last Days of Night" by Graham Moore. Historical fiction about Thomas Edison/Nikola Tesla/George Westinghouse/JP Morgan/Paul Cravath. Fun way to learn about the legal/patent battles that went on in the late 1800's surrounding electricity. Indirectly it has some interesting nuggets of wisdom on legal/business strategy and some cool quotes from famous business people/inventors.
Non Business: 1) How to Get Filthy Rich in Rising Asia (actually a love story)
2) The Right Stuff (supersonic death has never seemed more entertaining)
3) Bonfire of the Vanities (no surprise)
4) Shantaram (how has this not been made into a movie?)
5) City of Thieves (Despite season 7, the GoT producer shows he's actually a great writer)
Life/Business:
1) Liar's Ball (how one building shaped the fates and fortunes of numerous real estate tycoons, including Dear Leader Trump)
2) China in Ten Words (China's growing pains experienced by an author born during the Cultural Revolution)
3) Julius Caesar (the only guy in history who might be more epic than Jesus)
Mohsin Hamid is great! Just started reading his books.
Truly unique voice - really enjoyed Reluctant Fundamentalist as well. thought Exit West was meh, but i def need to check out more
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