Investment Valuation
This book took me a year to read because it was very difficult to focus on. It was very long-winded and dry, in the usual college textbook fashion, but this is just the price that must be paid for covering all of the material in full detail. The book covers a lot of good topics [...]
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Buffettology
Despite being written for general audiences, Buffettology provides some really good investing advice. It emphasizes a few key principles including: price determines your rate of return, you should aim to maximize your rate of return and maintain it for as long as possible, look for companies with stable return on equity, and look for companies [...]
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Liar’s Poker
Liar’s Poker tells the story of Salomon Brothers during its heyday as Wall Street’s leading bond firm in the 1980s. The author was a new-hire who became extremely successful during his first two years, but nevertheless decided to quit. During his short period of employment at Salomon Brothers, he saw a lot of crazy things [...]
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The Complete Guide to Capital Markets for Quantitative Professionals
This is not a book about options pricing and risk analysis as the title may indicate. It is more like an orientation manual for software developers entering a financial firm. It starts out with a great introduction to the important aspects of the financial markets, including the history of the Federal Reserve, how a stock [...]
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Common Stocks and Uncommon Profits
Definitely one of the classics, and a commonly recommended book for new investors, Common Stocks and Uncommon Profits will show you what it takes to be a successful growth investor. The theme of the book is the “scuttlebutt method”, which is all about doing extensive research beyond the financial statements, primarily by talking to investors, [...]
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The Big Short
This is the amazing story of the individuals who predicted the mortgage crisis and made a ton of money off of it. They were very interesting characters and they went through some surprising challenges. It is just shocking how inefficient the markets can be sometimes. The story makes it clear that independent thinking is still [...]
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The Federal Reserve System: Purposes & Functions
Written by the Board of Governors of the Federal Reserve System, this is the official book for explaining the FED to the public. It does a fairly good job of explaining what the FED does and how it does it, with the exception of all the interesting stuff that happened since the mortgage crisis. It’s [...]
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The Age of Turbulence
Former Federal Reserve chairman Alan Greenspan gives his perspective on the economy in this semi-biographical work. It is interesting to follow his thought processes through some the economic situations that he navigated, and to a large degree directly influenced. I was curious to see whether he would admit to any major errors in judgement, but [...]
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The Intelligent Investor
The Intelligent Investor is one of the most popular investing books for good reason. It advocates a time-tested strategy known as value investing. The idea behind value investing is to determine how much a company is worth and buy it only if it is selling at a significant discount. In essence, the book teaches you [...]
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Secrets of The Street
This is a collection of true anecdotal stories from Wall Street that the author knew about. The point of the book is that pretty much all of the big winners in the stock market are the inside traders or people who are in special positions. It really portrays the stock market as a way for [...]
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