Reading list courtesy of Cambridge Associates.
Cambridge Associates is a privately held independent consulting firm that provides consulting and investment oversight services to more than 900 clients worldwide.
The Big Short by Michael Lewis
Great explanation of players and factors in the financial crisis of 2008-2009
Liar’s Poker by Michael Lewis
Cult classic. If you’re thinking of going into finance of any kind, you’ll need to have read it. A bit outdated, but captures what things were like during that era.
Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron by Bethany McLean and Peter Elkind
Account of the Enron disaster as told by writers from Fortune magazine, who wrote an article on Enron not long before its demise.
Conspiracy of Fools by Kurt Eichenwald
Another book on Enron, but written later, with additional/different information.
When Genius Failed by Roger Lowenstein
Toughest on the list in terms of readability without a finance background. Read it anyway, as you’ll get plenty out of it even without understanding the ins and outs of the financial instruments.
E-Boys: The True Story of the Six Tall Men Who Backed eBay, Webvan and Other Billion Dollar Start-ups, by Randall E. Stross
Good introduction to Silicon Valley and Venture Capital. Gives a look into how investments are made and what happens after a VC firm invests in a company.
Hedge-Hogging by Barton Biggs
Insider’s look at hedge funds from a career Wall Street executive turned hedge fund founder.
Fooling Some of the People All of the Time: A Long Short Story by David Einhorn
Written by the portfolio manager of a $6 billion NYC hedge fund. Gives great insight into what a hedge fund is doing (or trying to do).
Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment by David F. Swenson
Unconventional Success: A Fundamental Approach to Personal Investment by David F. Swenson