Recommended Reading List
- "Bonfire of the Vanities"
by Tom Wolfe (1987)
The book behind the movie of the same name.
- "Free to Trade"
by Michael Ridpath (1995)
Entertaining whodunit where the hero is a bond trader and the motivation for murder a rather lucrative international bond scam. The author has a background in Fund Management and keeps his financial facts straight.
- "Reminiscences of a Stock Operator"
by Edwin Lefevre (1923, 1994)
A fictionalized biography of Jesse Livermore, one of the greatest speculators of the century. Still, after seventy years, this a book widely read by traders, investors. and speculators.
- "Trading Reality"
by Michael Ridpath (1998)
Again the hero is a bond trader and the description of the virtual reality landscape of the International Bond Market in the opening chapter is worth the price of the book. This book loses some of the bond trading that mark "Free To Trade" but adds competitive world of e-business and computer technology.
- "Barbarians at the Gate"
James Garner, Jonathan Pryce, Peter Riegert, Joanna Cassidy
F. Ross Johnson, the CEO of RJR Nabisco decides that the time is ripe to take over his own company and enlists American Express. This kicks off a tide of other firms swarming in to tender offers. The outline of the film follows the actual takeover of the RJR Nabisco empire in a tongue in cheek way.
- "Boiler Room"
Giovanni Ribisi, Vin Diesel, Nia Long, Nicky Katt, Scott Caan
A college dropout gets a job as a broker for a suburban investment firm, which puts him on the fast track to success, but the job might not be as legitimate as it sounds.
- "Inside Job"
Matt Damon & Charles Ferguson (Director). Excellent documentary traces the rise of the financial industry and reveals the political, regulatory, and academic relationships that have corrupted the US Financial system..
- "Other People's Money"
Danny DeVito, Gregory Peck, Penelope Ann Miller, Piper Laurie, Dean Jones,
A corporate raider threatens a hostile take-over of a "mom and pop" company. The patriarch of the company enlists the help of his wife's daughter, who is a lawyer, to try and protect the company. The raider is enamoured of her, and enjoys the thrust and parry of legal manoeuvring as he tries to win her heart.
- "Too Big To Fail"
Paul Giamatti, Ed Asner, James Woods, William Hurt. Excelent HBO dramatization of the desperate attempt to save Lehman Brothers, AIG, and the American financial system. It helps if you know what's going on before you see the movie.
- "Wall Street"
Charlie Sheen, Tamara Tunie, Franklin Cover, Chuck Pfeiffer
A young and impatient stockbroker is willing to do anything to get to the top, including trading on illegal inside information taken through a ruthless and greedy corporate raider whom takes the youth under his wing.
- "Against the Gods - The remarkable story of risk"
by Peter Bernstein (1996)
Well written history of thought on risk, from ancient Greek gamblers to modern derivatives. Required reading for any serious student of Finance.
- "Liars Poker"
by Michael Lewis (1989)
Subtitled "Rising through the Wreckage on Wall Street", this book gives an inside view of the bond traders' world at Solomon Brothers in the 1980's. Be prepared for a vivid, often vulgar, atmosphere. Lewis tries to capture the corporate culture as well as the basic facts.
- "The Collapse of Barings"
by Stephen Fay (1997)
Well written, in depth study of the conditions inside Barings Bank that made it possible for Nicholas Leeson to bring about its collapse. Written for a general audience it describes the control systems, banking versus trading cultures within the bank, and the conditions in SIMEX that allowed Leeson to generate a speculative loss of 927 million pounds.
- "The End of Wall Street"
by Roger Lowenstein (2011)
Probably the best book about the financial meltdown in 2008. If you read only one, read this one.
- "Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System---and Themselves"
by Andrew Ross Sorkin (2009)
Book behind the movie of the same name.
- "Ugly Americans"
by Ben Mezrich (2005)
Subtitled:"The True Story of the Ivy League Cowboys Who Raided the Asian Markets for Millions"
- "When Genius Failed"
by Roger Lowenstein (2001)
The story behind the collapse of Long Term Capital Management (LTCM) in 1998. It hindsight, this certainly looks like a dress rehearsal for Lehman Brothers in 2008.
- "Where are the Customers' Yachts?"
by Fred Jr. Schwed (1940, 1995)
The title taken from an old witicism Schwed reminds his readers that everyone knows Wall Sreet is a street with a river at one end and a graveyard at the other, but his book is about the kindergarden in the middle. It's funny because, even after all these years, it's still true. Another classic.
- "Dictionary of Finance and Investment Terms"
by John Downes and Jordan Eliot Goodman (2006)
One of the Barron's Financial Guide Books the title of this work says it all. An indispensible tool for the serious finance student or practitioner.
- "Security Analysis"
by Benjamin Graham and David Dodd (1934)
There is a reason why the discipline and the book have the same title. This classic is the first, and still the foremost, authority on security analysis.
- "Stigum's Money Market"
by Marcia Stigum and Anthony Cresentzi (2007)
Known simply as "the bible" this opus contains absolutely everthing anyone ever needs to know about the money market. This is an updated edition of the 1990 classic money market bible "The Money Market"
- "The Intelligent Investor"
by Benjamin Graham and Revised edition by Jason Zweig (1949 & 1973)
The master speaks; everything you ever wanted to know about investing in equities.
- "The Stock Market (7th Edition)"
by Richard J. Teweles and Edward S. Bradley (1998)
This is an excellent, non-technical, easy-to-read book that will give you a general background to financial markets. It is written non-academics with an interest in the market and is meant as additional reading for finance 300.
- "Wall Street Journal Guide to Understanding Money and Investing"
by K. Morris and A. Siegel (1993)
Simple, straightforward book with lots of pictures and graphics. A good beginner's guide for the totally lost.