10 Best Books About Wall Street Update 05/2022

Books About Wall Street

In the world of finance, it can be hard to understand for anyone who isn’t a Wall Street broker. The 2008 recession is one of the most well-known financial events in history, and movies like The Big Short even use celebrities like Selena Gomez to help explain how it all works in the most simple way possible. However, if you’re like me, you may still have a lot of questions about money.

They explain how the stock market works in detail, but they also show us how to avoid making mistakes like the GameStop short squeeze. These 10 books also show us some of the most scandalous and risky times in financial history. They include books by people like Warren Buffett, who made a fortune in the stock market, as well as people who lost money.

Business Adventures

By John Brooks

Business Adventures

In Business Adventures, true stories like the $350 million Ford Motor Company disaster, the rapid growth of Xerox, and scandals like General Electric and Texas Gulf Sulphur are shown. These stories show how big businesses can fail and come back. Bill Gates called it “the best business book I’ve ever read.” These stories are filled with drama and risk-taking, and they’re told in a way that’s insightful.

Nothing Is Too Big to Fail

By Kerry Killinger and Linda Killinger

You can learn more about the 2008 financial crisis in Nothing Is Too Big to Fail.

Kerry and Linda Killinger have been in charge of a lot of bank crises. They show the truth about the government’s fiscal and monetary policies and the debt bubbles that could burst at any time. These policies are widening the wealth gap, destroying the middle class, and perpetuating racial injustice when they are combined with an unregulated shadow banking system that isn’t subject to the same rules.

Money Mischief

By Milton Friedman

Milton Friedman is an economist who has won the Nobel Prize. His book, Money Mischief, talks about how money works on a personal and global level. Friedman tells stories about things that were thought to be small but turned out to be important, like how two Scottish chemists ended William Jennings Bryan’s chances of becoming president and how FDR’s presidency helped communism do well in China.

The Physics of Wall Street

By James Owen Weatherall

The Physics of Wall Street

After the financial crisis of 2008, Warren Buffet said, “Beware of geeks with formulas.” It looked like mathematicians and software engineers from Wall Street didn’t do well in 2008. The real problem comes when these formulas get into the hands of people who don’t understand them and don’t care to.

However, there is a new era in finance that is being led by physicists. In the past, these experts have used both economics and science to look at Wall Street. Geophysicist: Weatherall talks about how he used earthquake tremors to predict an impending stock market crash. He also talks about how his hedge fund, run by a physicist, earned 2,478.6 percentage points over the course of the 90s and more.

Wall Streeters

By Edward Morris

A book by Edward Morris called “Wall Streeters” talks about how a group of powerful financiers changed the way Wall Street was seen around the world.

Morris starts with J. Pierpont Morgan at the beginning of the 20th century. He also talks about Charles Merrill, the founder of Merrill Lynch, and Michael Milken, the junk-bond king. All three people changed the way Wall Street worked. This book comes to an end with Sandy Weill and the collapse of Citigroup. It reveals the most important mistakes and the most impressive achievements of these powerful tycoons.

Market Wizards

By Jack D. Schwager

There are a lot of us who can’t understand how Wall Street investors can make millions of dollars with what we think of as just a few finger moves. A book written by Jack D. Schwager, called Market Wizards, talks to some of the best investors and gives us an inside look at their secrets.

Bruce Konver, Paul Tudor Jones, and Ed Seykota are some of the people who talk about money in Schwager. While each of these Wall Street players has a different strategy that led to their record-breaking success, there is one thing that all of them have in common: a solid method and the right attitude lead to trading success.

Flash Boys: A Wall Street Revolt

By Michael Lewis

As soon as a small group of Wall Street rebels realized that the US stock market was being manipulated to benefit insiders, they came together and started investigating the system to find out who was profiting from it. This “fast-paced tale backed by gutsy reporting” is about a group of people who aren’t like everyone else. Some of them risked more than they thought they could, and some had to give up seven-figure salaries, but they didn’t give up on finding the truth (Entertainment Weekly).

Den of Thieves

By James B. Stewart

Den of Thieves

An award-winning author tells us about the insider trading scandal that almost brought down Wall Street. Pulitzer Prize winner James B. Stewart talks about it in his book. It starts with the people who planned it and ends with the people who caught them. Stewart doesn’t leave anything out!

In the 1980s, four Wall Street tycoons formed a powerful insider trading ring that was sure to make them a lot of money. Until a group of stubborn detectives took them down. Michael Milken, Ivan Boesky, Martin Siegel, and Dennis Levine were all on top of their game until the detectives took them down. Stewart includes secret grand jury transcripts, interviews, real trading records, and other explosive information about the scandal in Den of Thieves, which he wrote.

Wall Street: A History

By Charles R. Geisst

Geisst’s book is just what you need if you want to know everything about Wall Street’s history. Throughout its history, Wall Street: A History doesn’t leave out a single exciting moment from the past.

People who helped to build America’s economy are also talked about in this book. Topics like the movement of industry west are looked at. The stories of people who did well and people who didn’t do well are also talked about.

Black Edge

By Sheelah Kolhatkar

In this thrilling legal thriller, we learn about the real-life story of billionaire hedge fund manager Steven Cohen and how he changed the way Wall Street worked with the help of his employees at SAC Capital.

When Cohen and his friends started a hedge fund business, they made billions by betting on the market and being right more than not. SAC and Cohen, on the other hand, were the subject of a seven-year investigation that revealed how much the government was interested in “edge” and “black edge,” or inside information. While SAC Capital agreed to plead guilty to their charges, Cohen was never charged with a crime.

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