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The Big Short – Mike Lewis

One of the best writers of financial world presented a very clear picture of what goes inside the investment banks, focusing on the period just before the crash of 2007. A funny and complete story of how greed gave rise to the crisis and how fear of some people (Mike Burry, Jamie, Charlie and Eisman) […]

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Manias, Panics and Crashes – Review Part 1

This book was on my reading list for long time now. Every time I started reading, I left after reading first few pages. Reason being too much information! Yes, it is great book but not so easy. Needs at least two readings. In second chapter “Anatomy of a Typical Crisis”, Charles goes through the Minsky model […]

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Rigged – Ben Mezrich

Wonderful story of a Harvard guy who just after graduating got job with NYMEX and was shocked on seeing those meatheads fighting on trading floor. He had a hard time getting adjusted to that environment and everybody thought he won’t survive for more than a week there. Mendelson rightly described to John that traders are savants, […]

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Against the Gods – Peter Bernstein

Against the Gods – The remarkable story of risk by Peter Bernstein in one of the best books I have ever read on markets/ risk management.  One of the first questions that one comes across in Against the Gods is how to divide the stakes of an unfinished game of chance between two players when […]

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Fooled by Randomness – Taleb

Yes, it is Taleb’s most popular title. I like most of the points Taleb make in this book. He mentions how we are always trying to find the reasons for successes or failures and most of the time we end up with some superstitious reason behind some particular event. He starts with good example of how […]

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Traders, Guns and Money, by Satyajit Das

Satyajit Das has done great work in making people aware of the practices of institutions regarding risk management. He highlights the never-ending fight between front-office and back-office, trader and geek, and how even the people involved with some of the exotic instruments are not completely aware of/ understand their positions/risks. He also brings out the […]

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Too Big to Fail – Sorkin

 Honestly, a great description of what happened on Wall Street in 2008. Sorkin walks us through each and every personality’s life, way of working and way of thinking. I liked the character Richard Fuld more than anyone else. It was so sad to see how Dick went from King of Wall Street to common man on […]

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Book Review: The Crash of 1987 by Gordon Hall

Gordon walks us through a series of events that led to the great crash of 1987. The journey begins somewhere in the middle of 1985 when Dow Jones Industrial Average was trading around 1300. The book revolves around one analyst who was bearish on the market that time, thinking Dow was overpriced. He used to track […]

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