October 24, 2013

Recommended Reading

If you think books about investing can inspire only yawns and nodding heads, it may be time to think again. While there is certainly plenty of dry reading about finance to be found, we’ve selected some of the more exciting and interesting books covering economic subjects for you to explore. Following are some titles that bring drama to the world of investing.

The Big Short and Liar’s Poker by Michael Lewis
Michael Lewis, best known for The Blind Side and Moneyball, brings us The Big Short, a gripping narrative of the 2008 financial crisis, and Liar’s Poker,an insider account of Wall Street in the 1980s. In both books, Lewis gives us a candid and vivid experience of the high stakes games in the world of Wall Street. If you enjoy these books, Boomerang: Travels in the New Third World is Lewis’s follow-up, telling the story of how the 2008 crisis affected places like Greece, Iceland, and Ireland.

The Big Short: W.W. Norton & Company; March 15, 2010
Liar’s Poker: W.W. Norton & Company; reprint edition March 15, 2010
Boomerang: W.W. Norton & Company; September 4, 2012

Traders, Guns, and Money: Knowns and unknowns in the dazzling world of derivatives by Satyajit Das
“Traders, Guns, and Money explains the [derivatives] industry, how it operates and what it does. The book does not attempt to make a case for and against derivatives, it just shows what really goes on every day in the dealing rooms in major financial centres, the real life dramas and rational madness that shape modern markets.” So says the preface of Das’s exposé, based on more than 25 years working in banking and derivatives. The original version was published in 2006, but a revised edition includes an explanation of how derivative trading contributed to the 2008 financial crisis. Reviewers compare Das’s work to a John Grisham or Dan Brown novel: gripping, sensational, riveting.

FT Press; July 17, 2010

Hedgehogging by Barton Biggs
In reading Biggs’ fascinating stories, you realize that the world of hedge funds is slowly being unveiled through character studies. Anecdotes from Biggs’ legendary investment career are told with wit and candor, giving you a glimpse into the cutthroat culture of hedge fund investors. Along the way, you will gain an education on hedge fund strategies and tactics.

Wiley Publishing; Reprint edition February 4, 2008

Look for part 2 of this blog post coming soon with more book suggestions that both educate and engage.