A list of books that we have enjoyed reading and that provide valuable insight.
It is not often that you come across a book that is an absolute delight to read and spans across your spectrum of interests. The Second Machine Age was that book for me and I can unequivocally say that it is one of the best books I have read. The bar was set high for The Second Machine Age as I had just finished reading Superforecasting: The Art and Science ...
Princeton University Economics professor Dr. Burton Malkiel has written an excellent book in A Random Walk Down Wall Street, which has sold a million copies and is periodically updated with new insights. I had the book on my reading list for quite some time and finally got a chance to read it a few weeks ago. While the book is long and I don’t agree with the efficient market hypothesis ...
After reading about the much publicized demise of Conde Nast’s two year old $100 million experiment called Portfolio, I stumbled across an article titled “The End” by Michael Lewis on Portfolio.com. Contrary to my initial reaction, this lengthy but brilliant article was about the end of Wall Street as we knew it and not the end of this two year old business magazine. Reading through this article reminded me of ...
A hedge fund launched by a veteran bond trader and former vice-chairman of Salomon Brothers with two noble laureates and an investor road show put together by Merrill Lynch had a very good chance of succeeding. Long Term Capital Management or LTCM as the fund came to be known was indeed very successful in its early years returning as much as 40% a year after fees to its investors. The ...
Originally published in 1923, Reminiscences of a Stock Operator is a very lively, entertaining and informative biography of the speculator Jesse Livermore who made and lost multi-million dollar fortunes many times over from the early 1900s through the 1930s. Jesse got his start in the 1890s by speculating in unregulated pseudo-brokerages called Bucket Shops, which were outlawed in the 1920s, before moving on to Wall Street and becoming one of ...
Hedge fund manager and professor Nassim Nicholas Taleb rose to prominence after publishing his book Fooled by Randomness about the role chance plays in our lives ad the market. Along with Dr. Doom Nouriel Roubini, Taleb was one of the market observers and participants who anticipated the upcoming crash by explicitly stating that the risk management practices of most Wall Street firms were grossly inadequate. However unlike Dr. Roubini who ...
