Recommended Books on Finance (other than Behavioral Finance)
A Random Walk Down Wall Street, by Burton Malkiel
Written for the layperson, this is a must-read for anyone interested in finance. Covers lots of important facts that novice investors (and many seasoned investors) fail to recognize.
Liar's Poker, by Michael Lewis
Michael Lewis is a deeply gifted writer. This was his first book, written about the bond market in the 1980s. It's not for the faint of heart, full of salty language. A very entertaining book that will have you both learning and laughing.
Flash Boys, by Michael Lewis
Michael Lewis's latest book shook things up on Wall Street when it first came out and is still sending out shock waves. It delves into the microstructure underlying modern financial markets, revealing some surprises that took many people by surprise. Some financial experts take issue with some of Michael's allegations, but no one can deny that his book has already changed the way some markets operate. The book is very well written, easy to read, and engaging.
When Genius Failed, by Roger Lowenstein
This is a gripping account of events in 1998 that brought down a massive hedge fund, Long Term Capital Management.
- More to come ...