Interesting Reads
August 08, 2021
Hi,
Hope you are doing well. My immediate family and I have completed both doses of vaccination and it is such a relief to leave that Telegram group which notifies you of vaccine availability. I am recommending two really cool books on finance and Wall Street I read a while ago.
The Man who solved the market: How Jim Simmons launched the Quant Revolution, by Gregory Zuckerman
While the world is swimming with tech folks promoting cryptocurrencies, HODL, and to the moon, this book looks at an early induction of computer folks and science nerds into Wall Street. But this book is much more than a history of money and the US but teaches you how institutions are built (Renaissance Technologies), how smart people can crumble easily (LTCM), and how some super smart people did super cool things.
If you have a reasonable idea of the 2008 crash on Wall Street (if you don’t - I strongly recommend The Big Short, by Michael Lewis), this book explains in vivid detail about how John Paulsson took a huge bet against the US housing market and came out with the biggest win ever in the markets. If you are starting to read finance, this book will suck you into the vortex and is a gateway book for sure (this book lead to me reading 3-4 books on finance, its that good).
Looking forward to writing to you soon.