141–150 of 211 posts
"When Genius Failed" by Roger Lowenstein is the story of the fall of Long Term Capital Management which was basically the biggest hedge fund failure ever. Teaches you a lot about modern high finance and systemic risk.
I have almost 10 years in the finance industry, both buyside and sellside and my take is that, while there are some fundamental principles at play, the world of finance is too messy and complicated for any one book to describe it. An even stronger statement I am willing to make is that no one person correctly and fully understands the financial system. So, once you accept that there is no "correct" answer to how the…
I wrote my Master's thesis on cryptocurrencies, and had to do some background research on how the monetary system works. I found that Bernard Lietaer's "Money and Sustainability - The Missing Link" was easily approachable and had a lot of good stuff in it. Another of my staples was David Graeber's "Debt: The First 5,000 Years" which has a lot of good and interesting content, but is very very heavy to read.
https://www.bankofengland.co.uk/quarterly-bulletin/2014/q1/m...
It covers most of Equities and Bonds and is often hilarious.
It covers how governments finance themselves by issuing bonds, t-bills etc
A fairly straightforward read for any HNer, should be a couple of days easy.
Read many technical and non technical books, and I recommend this one - Berton J Malchiel - A random walk down Wall-Street.
Simple but not simplistic, it has some great useful lifelong tips for investment. I follow it's advice for >10 years - from 2008 crisis, until these crazy days.
Earlier quoted context omitted.
It's not a black swan, a pandemic was long on the horizon (think SATS, MERS, Ebola, ...). Just to add: I found taleb pretty opionated and had trouble distinguishing his own opinions from facts/theories.. I'd not recommend his books.
I think it is. Not because there were other potential Pandemics but because of the timing of the Virus. Its comes at a time when social media is in widespread use which means misinformation spreads rapidly which also leads to panic. Generally, social media amplifies everything good and bad. A combination of these factors makes it a Black Swan event.
I have almost 10 years in the finance industry, both buyside and sellside and my take is that, while there are some fundamental principles at play, the world of finance is too messy and complicated for any one book to describe it. An even stronger statement I am willing to make is that no one person correctly and fully understands the financial system. So, once you accept that there is no "correct" answer to how the…
I agree with you. I believe the university textbooks are no good either as they are too far away from the real market. DO you believe that financial history books or even just history books with financial materials might actually be better? I once read the "Reminiscence Of A Stock Operator" and my edition happens to include large paragraphs of description of the market at that time, and they are really fascinating an…