What books are great to read for breaking into Wall Street?

I am a president at my investment club at college, and I am wondering if anyone has good recommendations on what to during our college seminars. I am planning to become a future stockbroker later after my internship at BB. I also heard that the movie "Trading Places" is a good start to show our club during meetings. I may have to look into this further, thanks all.

Rakesh Mobad - Future Aspiring Wall Streetee

Comments (51)

Jul 6, 2017

A lot of threads and discussions on this, https://www.wallstreetoasis.com/forums/best-books-...

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Jul 6, 2017

Barbarians at the Gate - just because
Liar's Poker
Intelligent Investor
Security Analysis by Graham and Dodd - If you want to really dip your balls into some knowledge.

Jul 6, 2017

Rosenbaum's IBanking: Valuation, LBOs and M&A.

The HBS guys have MAD SWAGGER. They frequently wear their class jackets to boston bars, strutting and acting like they own the joint. They just ooze success, confidence, swagger, basically attributes of alpha males.

Jul 6, 2017

Monkey Business

Jul 6, 2017

Fooling some of the people all of the time

Here to learn and hopefully pass on some knowledge as well. SB if I helped.

Jul 6, 2017

Forgot about Monkey Business. Entertaining read, made for the newbie / recent grad.

Jul 6, 2017

This is mainly (although not exclusively) for Investment Banking:

Theoretical:
The McKinsey "Valuation" book
"Investment Valuation" by Damodaran

Practical:
"Investment Banking" by Rosenbaum and Pearl

Lifestyle:
"Monkey Business"
"Liar's Poker"

Classic read:
"Barbarians at the Gate"

Cases:
"Case-in-Point" by Cosentino

Jul 6, 2017

Too Big to Fail for recent/current goings-on in finance

just picked up Rosenbaum's book.

Jul 6, 2017

Wouldn't you think some of these titles may be a little dense and for someone only considering a career in finance/consulting? I would stick with easy titles to start - there's no need to pick up Damadoran or Rosenbaum's books unless you're really serious.

Said before but some of these light reads are:
Barbarians at the Gate - Leveraged buyout of RJR Nabisco and touches on the rise of the junk bonds
Monkey Business - Funny day in the life of an IB associate
The Greatest Trade Ever - John Paulson's hedge fund capitalizing on the mortgage crisis
When Genius Failed - Academics found quant based hedge fund that leverages to the hill until their models fall apart

That should get you started.

Jul 6, 2017

Any entertaining reads similar to Monkey Business for the consulting world?

Jul 6, 2017
oowij:

Any entertaining reads similar to Monkey Business for the consulting world?

House of Lies. Although I'd almost say it falls halfway on the Ridiculous Scale between Monkey Business and Leveraged Sellout.

Currently: future psychiatrist (med school =P)
Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)

Jul 6, 2017

It's one of those books that tries to be douchey like LSO but falls short. It's one of the more satirical/bitter views of the industry, I'd say. Definitely not something you'd read to get a "feel" for the business but if you want a few laughs then it's alright. Personally, I say skip all that and just read something like Consulting 101 or any of the McKinsey books (McK Way, McK Engagement, McK Mind).

Currently: future psychiatrist (med school =P)
Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)

Jul 6, 2017

Vault Guide to Finance Interviews

Jul 6, 2017

I would like to know as well but I would like a current book more like from the view of one person (similar to Liars Poker and Monkey Business) but written within the past few years. Preferably about banking and not trading.

Jul 6, 2017

.

Jul 6, 2017

If you're looking for something like Liar's Poker, Street Fighters was a really enjoyable read. It's all about the last 72 hours of Bear Stearns. Not long on technical detail, but a really quick read.

Street Fighters: The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street

Jul 6, 2017

I'll look into Street Fighters Edmundo, anyone have other suggestions?

Jul 6, 2017

Gods at War, by the NY Times' Steven Davidoff

http://www.amazon.com/Gods-War-Takeovers-Governmen...

Jul 6, 2017

I liked ScoopBooks Guide to I-banking. I found it to help a lot.

Jul 6, 2017

The Last Tycoons (same author as House of Cards which I think is written extremely well)

Jul 6, 2017

Agree, good book. Quick read. Great to have insight from top people all in one place. Would highly recommend to people beginning to think about wall street jobs.

Jul 6, 2017

Just skimmed some pages on Amazon - looks pretty good but probably for a beginner / undergrad student who doesn't know much about finance.

Jul 6, 2017

thanks for the heads up. just downloaded to my kindle!

Jul 6, 2017

bump

Jul 6, 2017

bump X 2

Jul 6, 2017

Anyone else?

Jul 6, 2017

Update:
Nassim Taleb's 'Fooled by Randomness'
Annette Thau's 'The Bond Book'

PM me if you want. Thanks.

Jul 6, 2017

Well, assuming you already own a Kindle you can download a preview of the book (i.e. Chapter 1) and see how you like it. If you don't own a Kindle, then for the most part it's ok, looking closely at graphs can be tricky and a bit time consuming.

"I have never let my schooling interfere with my education" - Mark Twain

Jul 6, 2017

.

Jul 6, 2017

You can preview it on Amazon even if you don't own a kindle through their online kindle app just find the kindle version and preview it on their website. Also you don't need a kindle to read kindle books you can download the kindle app onto your computer.

"Sincerity is an overrated virtue" - Milton Friedman

Jul 6, 2017
Jul 6, 2017

Thanks for that SirBarney! Looks like there's loads of good info on there. Investopedia also have some good articles. There isn't any established career book as such for this area at all is there?

Jul 6, 2017

This is for careers within banking:

http://www.unofficialguidetobanking.com/

Jul 6, 2017

Fountainhead. You'll learn more about the spirit of entrepreneurship from this book than anything you'll find in an MBA program.

Jul 6, 2017

Ummm...Hello?



Jul 6, 2017

Fountainhead for sure, I reread it every year. And I'm halfway through Eddie's book, it's pretty wild

Jul 6, 2017

How to use the WSO Search Bar by Will Hunting

Very helpful, could save you time, and change the way you view other members on this site. For instance, people who post topics that have been talked about ad nauseum.

"Look, you're my best friend, so don't take this the wrong way. In twenty years, if you're still livin' here, comin' over to my house to watch the Patriots games, still workin' construction, I'll fuckin' kill you. That's not a threat, that's a fact.

Jul 6, 2017
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Jul 6, 2017
Jul 6, 2017