Here are 51 books that The Accidental Investment Banker fans have personally recommended if you like
The Accidental Investment Banker.
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I’ve always been interested—a vast understatement to anyone who knows me—in what makes people tick. I’ve focused on analyzing business actors – bankers, lawyers, investors, executives, shareholders, and others. What do they want? Some combination of money, power, or prestige? How does loving to win fit in? How about hating to lose? When is enough (money/power/prestige) enough? What do they think is ok to do to get what they want? What do they think is not ok? Amazingly, as a law professor, I can pursue that interest as part of my job, and – I think and hope – do so in a way that might help lawmakers, regulators, and policymakers do better.
As everyone knows at this point, anything Michael Lewis writes will be enormous fun to read, while being about something really important—something he’ll make you care about even if you didn’t when you started the book.
In this case, the subject is people who bet on the direction of mortgages (and thus, house prices), and how those who bet on a huge plunge were right. This book has an amazing cast of characters, all richly drawn: some are smart, some are not so smart; some are excellent schmoozers, some can barely tolerate human interaction; some care a lot about money, some care more about being right, especially if everyone else is wrong.
Each book I've recommended cries out to be made into a movie. This one actually was.
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.
Michael Lewis creates a fresh, character-driven narrative brimming with indignation and dark humor, a fitting sequel to his #1 bestseller Liar's Poker. Out of a…
It is April 1st, 2038. Day 60 of China's blockade of the rebel island of Taiwan.
The US government has agreed to provide Taiwan with a weapons system so advanced that it can disrupt the balance of power in the region. But what pilot would be crazy enough to run…
I’ve always been interested—a vast understatement to anyone who knows me—in what makes people tick. I’ve focused on analyzing business actors – bankers, lawyers, investors, executives, shareholders, and others. What do they want? Some combination of money, power, or prestige? How does loving to win fit in? How about hating to lose? When is enough (money/power/prestige) enough? What do they think is ok to do to get what they want? What do they think is not ok? Amazingly, as a law professor, I can pursue that interest as part of my job, and – I think and hope – do so in a way that might help lawmakers, regulators, and policymakers do better.
This is a beautifully written story about bankers who rise, and fall spectacularly – into crime, in this case insider trading, with the loss of money, status, and prestige that followed.
What’s particularly fascinating is the historical, ethnic, and sociological backdrop. The book begins with a scene in which Indian-born Rajat Gupta, having come to the US and ascended to the highest echelons of the US business world, was attending a White House dinner for India’s Prime Minister.
The book ends as some people who had been on top are dealing with the aftermath of trials that went very badly for them. The word “Shakespearean” has been used to describe this book, and aptly so.
Just as WASPs, Irish-Catholics and Our Crowd Jews once made the ascent from immigrants to powerbrokers, it is now the Indian-American's turn. Citigroup, PepsiCo and Mastercard are just a handful of the Fortune 500 companies led by a group known as the "Twice Blessed." Yet little is known about how these Indian emigres (and children of emigres) rose through the ranks. Until now...The collapse of the Galeon Group--a hedge fund that managed more than $7 billion in assets--from criminal charges of insider trading was a sensational case that pitted Preet Bharara, himself the son of Indian immigrants, against the best…
I’ve always been interested—a vast understatement to anyone who knows me—in what makes people tick. I’ve focused on analyzing business actors – bankers, lawyers, investors, executives, shareholders, and others. What do they want? Some combination of money, power, or prestige? How does loving to win fit in? How about hating to lose? When is enough (money/power/prestige) enough? What do they think is ok to do to get what they want? What do they think is not ok? Amazingly, as a law professor, I can pursue that interest as part of my job, and – I think and hope – do so in a way that might help lawmakers, regulators, and policymakers do better.
This book tells the story of how an interest rate (“LIBOR,” for London Interbank Offered Rate) used to set mortgage, credit card, and auto loan rates was manipulated. Sounds important, but maybe not so interesting? Wrong.
You don’t need to have the slightest interest in LIBOR to love this book. What really propels the book is the human story, intricately but compellingly told. We learn who the LIBOR manipulators were, how and why they did what they did, and the dynamics of the community they created.
We learn, too, about the institutions – huge financial institutions – that nurtured and lavishly rewarded these people, and the regulators who took rather too long to catch them.
Shortlisted for the Financial Times Business Book of the Year!
'Will snare you in its web of deceit ... A brilliant investigative expose' - Harlan Coben, bestselling thriller author
'Reads like a fast-paced John le Carre thriller, and never lets up' - New York Times book review
The Spider Network is the almost-unbelievable and darkly entertaining inside account of the Libor scandal - one of the biggest, farthest-reaching financial scams since the global financial crisis - written by the only journalist with access to Tom Hayes before he was sentenced to fourteen years in prison. Full of exclusive details, and…
A Duke with rigid opinions, a Lady whose beliefs conflict with his, a long disputed parcel of land, a conniving neighbour, a desperate collaboration, a failure of trust, a love found despite it all.
Alexander Cavendish, Duke of Ravensworth, returned from war to find that his father and brother had…
I’ve always been interested—a vast understatement to anyone who knows me—in what makes people tick. I’ve focused on analyzing business actors – bankers, lawyers, investors, executives, shareholders, and others. What do they want? Some combination of money, power, or prestige? How does loving to win fit in? How about hating to lose? When is enough (money/power/prestige) enough? What do they think is ok to do to get what they want? What do they think is not ok? Amazingly, as a law professor, I can pursue that interest as part of my job, and – I think and hope – do so in a way that might help lawmakers, regulators, and policymakers do better.
No, this book is not by John Coates the corporate law professor. It's by another John Coates, who was a Wall Street trader and became a neuroscientist (!).
The descriptions of the physiology of risk-taking are not only fascinating in their own right but also deeply intuitive, and should be of enormous help to regulators trying to address banker misbehavior. They give the lie to the idea that simple stories—people are good or bad! It’s all about incentives!—can do a good job in explaining what happened.
This book makes clear that we have to understand the role of biology as well. People can’t just turn their risk-taking tendencies and reactions on and off at will. We’ve seen what happens when banks and regulators don’t take that into account.
As scandal and the aftershocks of the crash rock the financial world, former Wall Street trader John Coates investigates why our financiers are driven to take risks.
Now shortlisted for the 2012 Financial Times and Goldman Sachs Business Book of the Year Award and the Wellcome Trust Book Prize, this startling and unconventional book sees neuroscientist and former Wall Street trader John Coates explain something we have long suspected: that we think with our body as well as our brain. And this only intensifies when we take risks; at work, in sport and on the financial markets. Making and losing…
I come from an engineering background and early in my career I discover financial modelling as I had to assess the viability of business plans. I deal with financial models the last 20 years of my professional carrier as a Group Financial Officer of SIDMA STEEL SA. Moreover, I am teaching financial modelling in the American College of Greece, Deree, at University of Nicosia in collaboration with Globaltraing and many other places abroad. I am a numbers person, and I am fascinated by financial modelling as it provides you a tool to support effective decision-making.
This book is one of the best I have seen on the topic of Investment Banking.
It is a very good primer. I would recommend it to everyone wanting to break into the industry. It is highly accessible, easy to understand and overall, an engaging presentation of the topic.
It is one of the books I consulted to write the valuation chapter of my book.
A timely update to the global bestselling book on investment banking and valuation - this new edition reflects valuable contributions from Nasdaq and the global law firm Latham & Watkins LLP plus access to the online valuation models and course.
In the constantly evolving world of finance, a solid technical foundation is an essential tool for success. Due to the fast-paced nature of this world, however, no one was able to take the time to properly codify its lifeblood--namely, valuation and dealmaking. Rosenbaum and Pearl originally responded to this need in 2009 by writing the first edition of the book…
I first started studying traders while working at London Business School in the early 1990s. This was the start of a lifelong fascination with traders and the psychology of financial behavior. Why do traders talk so much about their emotions? Why does so much of what they do fit so poorly with how economists think markets work? How do financial firms fail to notice rogue traders and other massive risks? And recently, why do investment banks and police forces both seem so good at avoiding uncomfortable knowledge? These are all questions that have fascinated me and which I have been lucky to be paid to research and advise on.
This book is an amusing, honest, and insightful account of the ways technology has changed financial trading from someone who has lived through enormous changes in the ways financial markets and investment banks operate.
I love the way in which this very readable book raises big questions about the evolution of financial markets and trading whilst bringing the arguments to life with personal stories. It's a lot of fun to read, but along the way, you will learn a great deal about investment banks and the creative and sometimes destructive uses technological advances are put to in our rapidly changing world.
'Eloquent, entertaining and accessible.' FT Adviser
When Kevin Rodgers embarked on his career in finance, dealing rooms were filled with clamouring traders and gesticulating salesmen. Nearly three decades later, the bustle has gone and the loudest noise you're likely to hear is the gentle tapping of keyboards.
Why Aren't They Shouting? is one banker's chronicle of this silent revolution, taking us from an age of shouted phone calls and alpha males right up to today's world of computer geeks and complex derivatives. Along the way, Rodgers offers a masterclass in how modern banking actually works, exploring the seismic changes to…
The Duke's Christmas Redemption
by
Arietta Richmond,
A Duke who has rejected love, a Lady who dreams of a love match, an arranged marriage, a house full of secrets, a most unneighborly neighbor, a plot to destroy reputations, an unexpected love that redeems it all.
Lady Charlotte Wyndham, given in an arranged marriage to a man she…
I'm a sociologist at the University of Edinburgh, and for almost fifty years I’ve researched a large variety of topics, from the story of the guidance systems of nuclear missiles to the instantaneous auctions that, today, determine the ads you are shown online. But I keep returning to the topic of trading and the global financial system. The processes that lie behind this shape our lives in profound ways, but they are often both complicated and opaque. We need reliable guides for them, and the authors and books that I am recommending are among the very best guides!
Taking the Floor is the story of a 20-year intellectual odyssey, by Daniel Beunza, one of the world’s most insightful analysts of the financial system. He delves in-depth into the organization of a Wall Street trading room, beginning with him negotiating access to it when he was working on his PhD. He also reveals how later conversations with key people in the trading room made him rethink many of his first impressions, showing him that what he took to be a typical form of organization was actually very deliberately designed to be unusual.
I particularly admire Beunza’s nuanced take (co-developed with the sociologist David Stark) on how traders use mathematical models. Traders are far from the naïve users of models that they are often portrayed as being, and instead often use models in a sophisticated way, not as guides to the truth of markets but as insights into what their…
An inside look at a Wall Street trading room and what this reveals about today's financial system
Debates about financial reform have led to the recognition that a healthy financial system doesn't depend solely on how it is structured-organizational culture matters as well. Based on extensive research in a Wall Street derivatives-trading room, Taking the Floor considers how the culture of financial organizations might change in order for them to remain healthy, even in times of crises. In particular, Daniel Beunza explores how the extensive use of financial models and trading technologies over the recent decades has exerted a far-ranging…
I love writing about families and what makes them tick: the minor dramas being played out behind every front door, make for intriguing reading. As a journalist, I have interviewed so many people with fascinating stories to tell, and with my fiction I throw my characters into a tricky situation and see what unfolds. Inevitably, if you pull one playing card from the bottom, the whole house of cards comes tumbling down. When faced with unexpected challenges, my characters often behave badly, make poor decisions and get themselves into the kind of mess that makes you want to read one more chapter before turning out the light at night.
This book follows a year in the lives of the occupants of a London street and the people who work for them. The guaranteed wealth of those who are lucky enough to own houses in the street – where property prices have soared – is contrasted with the struggles of those who keep the lives of the homeowners on track: the Polish builder, the Hungarian nanny, the Kamal family who run the shop at the end of the road. This is a moral fable about money, but it’s also a witty, perceptive story that gallops along and is hard to put down.
The residents of Pepys Road, London - a banker and his shopaholic wife, an elderly woman dying of a brain tumour, the Pakistani family who run the local shop, the young football star from Senegal and his minder - all receive anonymous postcards with a simple message: We Want What You Have. Who is behind it? What do they want?
As the mystery of the postcards deepens, the world around Pepys Road is…
I started keeping a journal when I was fifteen. Ten years later, I had the raw material for Fugue, a portrait of the artist as a young woman (I had read Joyce's Portrait of the Artist as a Young Man) that ends in celebration, rather than suicide (I had also recently read Plath's The Belljar). It did not get published. Thirty years later, I had so little, far too little, to celebrate. The portrait had become one of relentless frustration and persistent failure, despite my continued effort ... so much effort ... And so I wrote This is what happens, dedicating it to all the passionate, hard-working, competent women — it's not you.
Although this novel focuses on the world of investment banking, I list it here because it shows the difference between being a female working in finance and being a male working in finance; like This is what happens, it shows the impact of sexism on one woman's professional life, her dream, her ambition, her failure to achieve the former despite the latter.
I read it quite a while ago but was reminded of it while reading recently about the recent Martin/Nicole thing (wherein they switched email addresses, so Martin experienced what it was like to be Nicole for a couple of weeks) ("Folks, it sucked" was his summary).
"A job at Cray McKinley is whatever you make of it. For the real high flyers, there's no limit to what you can achieve."
Abby is a high flyer. But she's not your average banker. Driven by something other than money and status, she has her own reasons for climbing the ladder.
And so does Mike. An ambitious young graduate with an equally impressive CV, Mike is in it for the six-figure salaries and fast cars. He's got the skills, the grades and the swagger to make it all the way to the top.
This book follows the journey of a writer in search of wisdom as he narrates encounters with 12 distinguished American men over 80, including Paul Volcker, the former head of the Federal Reserve, and Denton Cooley, the world’s most famous heart surgeon.
In these and other intimate conversations, the book…
As a female grown up in a working-class neighborhood in East Naples (Italy), and as an academic researching political ecologies in Italy, Brazil, and the USA, I am especially interested in how sex/gender, class/work, and race/coloniality are intersected in people’s lives, and especially in how this shapes their perceptions and experiences of environmental problems. This approach has led me to look for the connections between labor and the environment both within and beyond waged/industrial work and formal trade unions, including the unpaid housework and subsistence production done in working-class, peasant, Black, and Indigenous communities and the social movements that represent them.
I read this book as a fictional rendition of 'intersectionality' theory, i.e. the idea that Black women's lives are conditioned by different power dynamics operating at once. However, this idea is beautifully interwoven in real-life events and conversations that make the book's characters alive.
I simply loved each one of them and very much enjoyed the plot as a whole. With a simple and direct, but also poetic and captivating language, the author takes you through unforeseen turns in the experience and feelings of these characters, and unexpected connections with one another.
“A must-read about modern Britain and womanhood . . . An impressive, fierce novel about the lives of black British families, their struggles, pains, laughter, longings and loves . . . Her style is passionate, razor-sharp, brimming with energy and humor. There is never a single moment of dullness in this book and the pace does not allow you to turn away from its momentum.” —Booker Prize Judges
Bernardine Evaristo is the winner of the 2019 Booker Prize and the first black woman to receive this highest literary honor in the English language.…
