November 15, 2013

Recommended Reading Part 2

Last month, we posted a recommended reading blog post with a few titles we thought might make interesting reading for investors. As this is the perfect time of year to curl up with a good book, we thought we’d offer a few more suggestions for readers who want finance with a fun side:

Market Wizards, Updated: Interviews With Top Traders by Jack Schwager
No one can deny that market wizards exist: those individuals who, whether by massive good fortune or innate skill or in-depth knowledge are able to consistently “beat the market” and seem to be unable to make a poor trade. Jack Schwager seeks to provide readers with the knowledge and information these super-traders have to offer through a series of interviews with some of the top names in the financial world, including Bruce Kovner, Richard Dennis, and Paul Tudor Jones. Readers will learn about a wealth of different methodologies, systems, and approaches, but also pick up an understanding of the attitudes and mindsets that make the most skilled traders the most successful.

Wiley Publishing; February 7, 2012

Running Money: Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score by Andy Kessler
Andy Kessler, renowned smart aleck author of Wall Street Meat, tells the story of how he became a wildly successful hedge fund manager of Velocity Capital in this entertaining and colorful narrative. His candid anecdotes are both fun and fascinating, offering insight particularly into technology investing in the 90s. Kessler reveals his formula and process for analysis and speculates about future lucrative investment themes.

HarperBusiness; September 20, 2005

The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History by Gregory Zuckerman
John Paulson, in 2006 a minor-league hedge fund manager, foresaw what Wall Street’s best and brightest did not: the coming crash of the real estate and subprime mortgage markets. Gregory Zuckerman takes us behind the scenes to learn the story of Paulson’s daring move to enter into derivatives betting against the then-booming real estate market, a move that paid off to the tune of $15 billion for his firm, more than any other trade in history.

Crown Business, reprint edition December 7, 2010

Following are a few other standout books that aren’t directly related to the investment industry but may still have applications or interest for investors:

The Tipping Point by Malcolm Gladwell
Back Bay Books; January 7, 2002

Predictably Irrational: The Hidden Forces that Shape Our Decisions by Dan Ariely
Harper Perennial; revised edition April 27, 2010

Nudge: Improving Decisions About Health, Wealth, and Happiness by Richard H. Thaler and Cass R. Sunstein
Penguin Books; revised & expanded edition February 24, 2009

Drive: The Surprising Truth About What Motivates Us by Daniel H. Pink
Riverhead Books; April 5, 2011