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If anyone is looking for books to read during holiday down time, they could do worse than 'Liar's Poker' [0], followed by 'When Genius Failed' [1], following th
by pjmorris 9y ago
If anyone is looking for books to read during holiday down time, they could do worse than 'Liar's Poker' [0], followed by 'When Genius Failed' [1], following the career of John Meriwether and the rise and fall of LTCM.
[0] 'Liar's Poker', Michael Lewis
[1] 'When Genius Failed', Roger Lowenstein
For a 'light reading intro to finance' trilogy, add 'A Demon of Our Own Design: Markets, Hedge Funds, and the Perils of Financial Innovation', by Richard Bookstaber.
- coliveira 9y agoComplementing this good list, if you really want to understand what the stock market is (despite all the advertisement), read Frenzied Finance: The Crime of Amalgamated. In this book, a participant of the early markets in the 20th century explain what they really do under the covers. The laws changed a lot from that time, but the goals didn't.
- CamelCaseName 9y agoJWMP is the successor to LTCM, built using the same models with less leverage. They also blew up in 2007-2009. It's cool, I just submitted a paper on LTCM yesterday. AMA?
- pjmorris 9y agoWill you be writing the third book in the Meriwether trilogy? :)