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Books

 

Some books that I have come across.

 

Economics

The Collapse of Globalism and the Reinvention of the World by John Ralston Saul, 2005, Atlantic Books.

The Commanding Heights by Daniel Yergin and Joseph Stanislaw, 2002, Touchstone. Great book that outlines how economic developments are shaped by historical events, particularly after World War II. It provide a very good perspective of how current economic and political events are repetitions of what had happened before. Extremely useful for practitioners for a long term view of the political economic landscape. It also provides historical evidence on the benefits of openness in trade.

Freakonomics by Steven Levitt and Stephen Dubner, 2005, Penguin Group.

Globalization And Its Discontents by Joseph E. Stiglitz, 2003, W.W. Norton & Company. Mr. Stiglitz discusses the social and economic costs of globalization in emerging markets when legal and financial infrastructures are not yet established. When these markets were forced open by the IMF, economic chaos resulted. An interesting read for those who are in any way involved in any non-US markets. Mr. Stiglitz is one of the three Nobel price winners for economics in 2001, and he is teaching at Columbia.

Guns, Germs, and Steel by Jared Diamond, 1999, W.W. Norton & Company.

In an Uncertain World by Robert E. Rubin and Jacob Weisberg, 2004, Random House. Interesting and leisurely reading of what went on from the author's perspective during his years in Washington. Unfortunately, shallow in terms of analysis.

In Defense of Globalization by Jagdish Bhagwati, 2004, Oxford University Press.

The Lexus and the Olive Tree by Thomas Friedman, 2000, First Anchor.

The Return of Depression Economics by Paul Krugman, 2000, Penguin Books.

The Roaring Nineties by Joseph Stiglitz, 2003, Penguin Group.

Sex, Drugs and Economics by Diane Coyle, 2004, Thomson Texere.

The Undercover Economist by Tim Harford, 2006, Little Brown.

The Wealth of Nations by Adam Smith, 2003, Bantam Books. The classic.

The Wealth and Poverty of Nations by David S. Landes, 1999, W.W. Norton & Company. Discussed how economic development was affected by government and church policies from 1500s to 1900s. Spain and Portugal were the most advanced nations during 1700s when the New World was discovered. However, England and Holland overtook them as they promote innovations, encouraged openness in trade, and practiced principles of capitalism.

The World is Flat by Thomas Friedman, 2005, Penguin Group.

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Investments

Advances in Behavioral Finance by Richard Thaler, 1993, Russell Sage Foundation.

Advances in Behavioral Finance Vol II by Richard Thaler, 2005, Russell Sage Foundation.

The Analysis and Use of Financial Statements by White, Sondhi, and Fried, John Wiley & Sons.

Beyond the J Curve by Thomas Meyer and Pierre-Yves Mathonet, 2007, Wiley Finance.

The Bible to Options Strategies by Guy Cohen, 2005, Prentice Hall.

Competitive Strategy by Michael Porter, 1980, Free Press.

Complete Business Statistics by Aczel, Irwin.

Contemporary Strategy Analysis by Robert Grant.

Convertible Arbitrage by Nick Calamos, 2003, Wiley Finance.

Graham and Dodd's Security Analysis by Cottle, Murray, and Block, McGraw-Hill.

Handbook of Alternative Assets, Mark Anson, 2006, Wiley Finance.

The Intelligent Investor by Benjamin Graham, 1973, HarperCollins. The classic.

Investment Psychology Explained by Martin Pring, 1993, John Wiley & Sons.

The (Mis)behavior of Markets, A Fractal View of Risk, Ruin & Reward by Benoit Mandelbrot and Richard Hudson, 2004, Basic Books.

Multivariate Data Analysis by Hair, Prentice-Hall.

Practical Speculation by Victor Niederhoffer and Laurel Kenner, 2003, John Wiley & Sons, Inc. I agree with most of the points made in the book, i.e., many unsupported statements and assertions are being made on the financial markets everyday. I also fully agree with the author on the lack of merits of using technical analysis for stock evaluation purposes. It is also nice to see a more vigorous approach to the study of the financial markets. However, the authors, like those that they are discussing in their book, are using the same tactics of testimonial, glittering generality, and others. Overall, I would rate this book as non-priority reading.

Quantitative Trading Strategies by Lars Kestner, 2003, McGraw Hill.

A Random Walk Down Wall Street by Burton Malkiel, 1990, Norton. The classic.

Real Estate Investment Trusts by Chan, Erickson, Wang, 2003, Oxford University Press.

Technical Analysis Explained by Martin Pring, 1991, McGraw Hill.

Technical Analysis of the Futures Markets by John Murphy, Prentice-Hall.

Technical Analysis of Stock Trends by Robert Edwards and John Magee, New York Institute of Finance.

Valuation: Measuring and Managing the Value of Companies by Copeland, Koller, and Murrin, 1990, John Wiley & Sons.

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Fun

10 Clowns Don't Make a Circus by Steven Schragis and Rick Frishman, 2006, Adams Media.

The 7 Habits of Highly Effective People by Stephen Covey, 1990, Fireside.

The 7 Habits of Highly Effective Families by Stephen Covey, 1997, Franklin Covey Company.

The 48 Laws of Power by Robert Greene, 1998, Profile Books.

Animal Farm by George Orwell. Incredible forsight as it was written in the 1940's.

The Art of Persuasion by Juliet Erickson, 2004, Hodder & Stoughton.

The Art of Seduction by Robert Greene, 2003, Profile Books.

Asking the Right Questions, A Guide to Critical Thinking by Neil Browne and Stuart Keeley, 2007, Pearson Prentice Hall.

Barbarians at the Gate by Bryan Burrough and John Helyar, 2001, Random House Business Books. The classic.

A Beautiful Mind by Sylvia Nasar, 1998, Touchstone International. Incredibly interesting book. I have learned about the basics of game theory in school, but did not know the story behind it until now. Great to see such commitment to intellectual contribution and ability to persevere. The story also confirmed my believe that each person need to have frequent free time to think and ponder on things.

The Black Swan: The Impact of the Highly Improbable by Nassim Taleb, 2007, Random House.

Blink by Malcolm Gladwell, 2005, Little, Brown and Company.

Critical Mass, How One Thing Lead to Another by Philip Ball, 2004, Arrow Books.

Dangerous Company: The Consulting Powerhouses and the Businesses They Save and Ruin by James O'Shea and Charles Madigan, 1999, Nicholas Brealey Publishing. On consulting firms.

Don't Sweat the Small Stuff and It's All Small Stuff by Richard Carlson.

The Education of a Speculator by Victor Niederhoffer, 1997, John Wiley & Sons.

The Effective Executive by Peter Drucker, 2002, HarperCollins.

Emotional Intelligence by Daniel Goleman, 1995, Bantam Books. His first book on emotional intelligence. I have read his Harvard Business Review articles on emotional intelligence which is more business oriented. The material in this book is aimed more at parents at child rearing and individuals. Interesting nevertheless.

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Taleb, 2005, Random House.

The Gentle Art of Verbal Self-defense by Suzette Harden Elgin, 1980, Prentice-Hall.

Getting Things Done by Edwin Bliss, 1976, Bantam Books.

Good to Great by Jim Collins, 2001, Harper Business. It was a best seller and some of my friends highly recommended this book. Unfortunately for me, I see application problems for myself; maybe I need to sign up for the seminar to obtain more details on how I can fully realize the potential of the findings. Maybe I am not a CEO yet. However, there are one important takeaway for me. The author suggested a "stop doing" list so that we can stop living busy but undisciplined lives (both personal and professional).

House of Lies, How Management Consultants Steal Your Watch and Then Tell You the Time by Martin Kihn, 2005, Warner Business Books. Right on the spot.

How to Have a Beautiful Mind by Edward de Bono, 2004, Random House. Not much offered to me intellectually.

The Laundrymen by Jeffrey Robinson,1998, Pocket Books. Some description of tax avoidance techniques used to laundry money in the initial chapters which are pretty interesting. But then the author started to provide stories of drug lords and vague descriptions of how they laundry their money which are neither interesting nor useful.

Lessons from the Sandbox by Alan Gregerman, 1997, Hyperion.

Letters of a Businessman to his Son by G. Kingsley Ward, 1990, McClelland & Stewart. Fun and engaging book based on a collection of letters to the author's son on running a business, integrity, and other personal issues. Engaging in that it put many of the management "buzz terms" in working perspectives. Although I do not fully agree with the author's view on diversification at the company level, which he advocates.

Liar's Poker by Michael Lewis, 1989, Coronet Books. A must read for the finance oriented.

The Magic of Thinking Big by David Schwartz, 1979, Prentice Hall.

Managing With Power by Jeffrey Pfeffer, 1992, Harvard Business School Press.

The Millionaire Mind by Thomas Stanley, 2000, Bantam Books. In today's environment that encourages over consumption, this book is a nice refresher. I have met people who get into debt just to purchase things (like nice cars, designer clothes, and exotic vacations) not because they like them but to impress others. In their minds, they have to look and act rich in order to become rich; but I think they have it backwards and they will never be happy. This book highlighted that understanding oneself, openness to opportunities, hard work, perseverance, and frugality are required to build up your wealth. Great work.

Monkey Business by John Rolfe and Peter Troob, 2000, Warner Books. Incredibly accurate description of life as investment bank associates which brought back lots of memories. Must read for all MBAs before their job search, I wish I had. Worse of all, the authors did not exaggerate, believe me; as a matter of fact I think the actual pain and suffering has been understated.

The New Penguin History of the World by J.M. Roberts, 2004, Penguin Books.

The Present by Dr. Spencer Johnson, 2003, Doubleday. Another one like Who Moved My Cheese? but essence of the story is to convince readers to focus in the present (to be in the "zone"), learn from past mistakes, and prioritize tasks based on goals.

Reminiscences of a Stock Operator by Edwin Lefevre, 1980, Fraser Publishing Company. The classic read for traders.

Rich Kid Smart Kid by Robert Kiyosaki, 2001, Warner Business Books. Empty rhetorics.

Riding in Cars With Boys by Beverly Donofrio, 1990, Penguin Books. I saw the movie with Drew Barrymore and it was very good.

The Ropes to Skip and The Ropes to Know by Richard Ritti and Ray Funkhouser, 1982, John Wiley & Sons.

The Rules of Management by Richard Templar, 2005, Prentice Hall. A sequel to The Rules of Work.

The Rules of Work by Richard Templar, 2003, Prentice Hall. The book, using little pointers, reminds us to be more politically savvy and sensitive. It will work if everyone else are not paying attention. However, where I have worked before (Big 4 accounting firm and investment bank), it seems like everyone is acting under his advice anyway. So no big advantages gained.

A Short History of Nearly Everything by Bill Bryson, 2003, Black Swan Book.

Six Thinking Hats by Edward de Bono, 1999, Penguin Group. Not much offered to me intellectually.

Think by Michael LeGault, 2006, Threshold Editions.

Time Tactics of Very Successful People by B. Eugene Griessman, 1994, Mcgraw Hill. This book provides one of the best list of time saving tactics. Highly recommended. See my summary excerpt from this book in the Pointers section.

The Tipping Point by Malcolm Gladwell, 2000, Abacus. Extremely interesting read on the phenomenon of momentum and how minority affects the majority over time. Can be very useful for marketing or product introduction.

Traders, Guns and Money by Satyajit Das, 2006, Prentice Hall.

Turf and Other Corporate Power Plays by Pamela Cuming, 1985, Prentice-Hall.

Ugly Americans by Ben Mezrich, 2004, Random House.

What They Don't Teach You at Harvard Business School by Mark McCormack, 1986, Bantam Books.

What They Still Don't Teach You at Harvard Business School by Mark McCormack, 1989, Bantam Books.

When Genius Failed by Roger Lowenstein, 2001, Random House. On the fall of Long Term Capital Management.

Who Moved My Cheese? by Dr. Spencer Johnson, 1998, Vermilion. Four mouses are used as main characters in this very fun and interesting reading on how to expect, perceive, and manage environmental changes. A must read.

A Whole New Mind by Daniel Pink, 2006, Riverhead Books.

The Wisdom of Crowds by James Surowiecki, 2004, Abacus.

Working with Emotional Intelligence by Daniel Goleman,1998, Bantam Books.

Zen and the Art of Motorcycle Maintenance by Robert Pirsig, 1999, HarperCollins.

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Textbooks

Analysis for Financial Management by Robert Higgins, Irwin.

Applied Regression Analysis for Business and Economics by Terry Dielman, PWS-Kent Publishing Company.

Applied Risk Analysis by Johnathan Mun, 2004, John Wiley & Sons.

Bond Markets, Analysis and Strategies by Frank Fabozzi, Prentice-Hall.

Capital Markets: Institutions and Instruments by Frank Fabozzi and Franco Modigliani.

Critical Thinking: a Student's Introduction by Bassham, Irwin, Nardone, and Wallace, 2002, McGraw-Hill.

The Economic Function of Futures Markets by Jeffrey Williams, Cambridge.

Financial Econometrics by Christian Gourieroux and Joann Jasiak, 2001, Princeton University Press.

Financial Futures and Options by Todd Petzel, 1989, Quorum Books.

Financial Options: From Theory to Practice edited by Stephen Figlewski, William Silber, and Marti Subrahmanyam, Irwin.

The Foreign Exchange and Money Markets Guide by Julian Walmsley.

Fundamentals of Corporate Finance by Stephen Ross, Randolph Westerfield, and Bradford Jordan, Irwin.

Hedge Funds by Francois-Serge Lhabitant, 2004, Wiley Finance.

International Economics: Theory and Policy by Paul Krugman and Maurice Obstfeld.

International Finance by Maurice Levi, McGraw Hill.

International Investments by Bruno Solnik.

Investments by Bodie, Kane, and Marcus.

Investment Analysis and Portfolio Management by Frank Reilly.

The Investment Banking Handbook edited by Peter Williamson, 1988, John Wiley & Sons.

Managing a Hedge Fund by Keith Black, 2004, McGraw Hill.

Managing Hedge Fund Risk edited by Virginia Parker, 2005, Haymarket House.

Managing Investment Portfolios: A Dynamic Process by John Maginn and Donald Tuttle.

Managing Risk in Alternative Investment Strategies by Lars Jaeger, 2002, Prentice Hall.

The Mergers & Acquisitions Handbook edited by Milton Rock, Robert Rock, and Martin Sikora, McGraw Hill.

Modeling Risk by Johnathan Mun, 2006, John Wiley & Sons. On using Monte Carlo and real option analysis.

Modern Industrial Organization by Dennis Carlton and Jeffrey Perloff, HarperCollins.

The New Finance: The Case Against Efficient Markets by Robert Haugen, 1995, Prentice-Hall.

The New Corporate Finance, Where Theory Meets Practice by Donald Chew, Jr., 2001, McGraw Hill. Exception book that discuss finance theories in light of research findings and actual corporate experience. Great read for both the academics and the CEOs.

Options As A Strategic Investment by Lawrence McMillan, New York Institute of Finance, 1993. Good book that focuses on the use and strategies of financial options for investment purposes. The emphasis is on the application of option strategies instead of their valuation.

Options, Futures, and Other Derivative Securities by John Hull, Prentice-Hall.

Options Markets by John Cox and Mark Rubinstein, Prentice-Hall.

Qualitative Methods in Management Research by Evert Gummesson, 2000, Sage.

Principles of Corporate Finance by Richard Brealey and Stewart Myers, McGraw-Hill.

Project Financing: Asset-based Financial Engineering by John Finnerty, John Wiley & Sons.

Real Options by Lenos Trigeorgis, 1996, MIT Press. Use of real options for analysis.

Real Options Analysis by Johnathan Mun, 2006, John Wiley & Sons.

Real Options Analysis Course by Johnathan Mun, 2003, John Wiley & Sons.

Real Options and Investment under Uncertainty by Eduardo Schwartz and Lenos Trigeorgis, 2004, MIT Press.

Research Methods for Business Students by Saunders, Lewis, and Thornhill, 2003, Prentice Hall.

The Revolution in Corporate Finance, edited by Joel Stern and Donald Chew, Blackwell.

The Swaps Handbook by Kenneth Kapner and John Marshall, 1990, New York Institute of Finance.

Theory of Financial Decision Making by Jonathan Ingersoll, Jr, Rowman & Littlefield.

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Academic Journals

The American Economic Review.

CFA Digest. Great two page summary of published journal papers that are more relevant to the investment field. Can access through the CFA Institute website.

Journal of Economic Literature. Research studies on economic or political developments or current economic events.

The Journal of Economic Perspectives.

The Journal of Finance. Finance focused empirical research studies.

The Journal of Financial Economics. Finance focused empirical research studies.

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