Are you interested in learning more about the financial markets? Are you curious which books can help you better understand the financial markets? Drawing from our work experiences, we have put together a list of book recommendations for financial markets. These books will give you are strong knowledge base on financial markets and will widen your perspective on the world.
Our Book Recommendations for Financial Markets
Below are our book recommendations for financial markets. We have listed 10 books which will help increase your understanding of the financial markets. By reading the books below, your understanding of the world will increase and your perspective on the financial markets will widen.
Guide to Financial Markets, by The Economist and Marc Levinson
Guide to Financial Markets discusses the various markets: foreign exchange, equities, bonds, commodities, financial futures, options and other derivatives. Guide to Financial Markets looks at the purpose of these markets, how they work, and who is involved in them.
There are constant examples in history with disasters that occurred because people involved their firms with financial instruments they didn’t properly understand. If they had read Guide to Financial Markets, they might have avoided those mistakes.
Liar’s Poker, by Michael Lewis
This wickedly funny book endures as the best record we have of those heady, frenzied years. In Liar’s Poker, Lewis describes his own rake’s progress through a powerful investment bank.
From an unlikely beginning (art history at Princeton?) he rose in two short years from Salomon Brothers trainee to Geek (the lowest form of life on the trading floor) to Big Swinging Dick, the most dangerous beast in the jungle, a bond salesman who could turn over millions of dollars’ worth of doubtful bonds with just one call.
Buy Liar’s Poker.
Interest Rate Markets, by Siddhartha Jha
With trillions of dollars worth of trades conducted every year in everything from U.S. Treasury bonds to mortgage-backed securities, the U.S. interest rate market is one of the largest fixed income markets in the world.
Interest Rate Markets: A Practical Approach to Fixed Income details the typical quantitative tools used to analyze rates markets; the range of fixed income products on the cash side; interest rate movements; and, the derivatives side of the business.
When Genius Failed, by Roger Lowenstein
In this business classic, Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein explains not just how the fund made and lost its money but also how the personalities of Long-Term’s partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall.
When founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses. These losses jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself.
The Big Short, by Michael Lewis
The real story of the crash began in bizarre feeder markets where the sun doesn’t shine and the SEC doesn’t dare, or bother, to tread: the bond and real estate derivative markets where geeks invent impenetrable securities to profit from the misery of lower–and middle–class Americans who can’t pay their debts.
The smart people who understood what was or might be happening were paralyzed by hope and fear; in any case, they weren’t talking.
Buy The Big Short.
The Black Swan, by Nassim Taleb
A black swan is an event, positive or negative, that is deemed improbable yet causes massive consequences. In this groundbreaking and prophetic book, Taleb shows in a playful way that Black Swan events explain almost everything about our world, and yet we—especially the experts—are blind to them.
Buy The Black Swan.
More Money Than God, by Sebastian Mallaby
Wealthy, powerful, and potentially dangerous, hedge fund moguls have become the It Boys of 21st century capitalism. Beating the market was long thought to be impossible. Now, hedge funds cracked its mysteries and made fortunes in the process.
Drawing on his unprecedented access to the industry, esteemed financial writer Sebastian Mallaby tells the inside story of the hedge funds, from their origins in the 1960s to their role in the financial crisis of 2007 to 2009.
Buy More Money Than God.
The Bond Book, by Annette Thau
The financial crisis of 2008 caused major disruptions to every sector of the bond market and left even the savviest investors confused about the safety of their investments. To serve these investors and anyone looking to explore opportunities in fixed-income investing, former bond analyst Annette Thau builds on the features and authority that made the first two editions bestsellers in the thoroughly revised, updated, and expanded third edition of The Bond Book.
The Bond Book is a one-stop resource for both seasoned bond investors looking for the latest information on the fixed-income market and equities investors planning to diversify their holdings. Writing in plain English, Thau presents cutting-edge strategies for making the best bond-investing decisions, while explaining how to assess risks and opportunities.
Buy The Bond Book.
The Intelligent Investor, by Benjamin Graham
The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” — which shields investors from substantial error and teaches them to develop long-term strategies — has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Over the years, market developments have proven the wisdom of Graham’s strategies.Vital and indispensable, The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.
Flash Boys, by Michael Lewis
A small group of Wall Street iconoclasts realize the U.S. stock market has been rigged for the benefit of insiders. They band together―some of them walking away from seven-figure salaries―to investigate, expose, and reform the insidious new ways that Wall Street generates profits. If you have any contact with the market, even a retirement account, this story is happening to you.
Buy Flash Boys.
The financial markets are fascinating. They influence everything around us. The book recommendations for financial markets above will help you further your understanding of the world and widen your perspective on the financial markets.
We hope you enjoy our book recommendations for financial markets. Thank you for stopping by!
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