Inside the House of Money

What Hacker News says

1. FiberBundleMar 2020
   Take a look at the Economics & Finance videos on Khan Academy [1]. I have only watched some of them, but those I watched were good.

   You could read some standard macroeconomics textbooks, but I'd advise against doing that, since they are expensive and unnecessarily formalized using elementary math, which doesn't really add anything to the material itself. There's however a good book on monetary economics by Mishkin called Economics of Money, Banking and Financial Markets, which is really good, but the Khan Academy videos on banking mostly cover the same material.

   Personally I've learned a lot from reading economic history. Some books I can recommend are: Eichengreen - Globalizing Capital: A History of the International Monetary System

   Frieden - Global Capitalism: Its Fall and Rise in the Twentieth Century

   Soros - Alchemy of Finance (skip the first couple of chapters on his reflexivity theory, but the 'diary' chapters are a gold mine)

   Ferguson - The Ascent of Money (probably a good book to start, the others might be harder to completely grasp for a beginner)

   Some other good book I can recommend (not history books) are: The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities by Baumohl

   Inside the House of Money by Drobny (mostly about global macro trading, but you would learn a lot about economics along the way, would only recommend this after having built up some basic knowledge though)

   Most importantly you should start reading the Economist, which has really high quality economics and finance articles, but is released only weekly and offers a good trade off with regards to time commitment and knowledge about what's going on in the world. Note that you will probably need to know some basics in order to understand everything, but you can look up things along the way. Economics really isn't hard to learn if you have a technical background.

   [1] https://www.youtube.com/user/khanacademy/playlists?view=50&s...

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2. memossyApr 2016
   I became a global multi-strategy hedge fund manager at 23 ($1bn fund) via a series of odd events so didn't have time to go through the classic CFA analyst => fund manager process.

   I get asked this question a lot and usually recommend http://www.realvisiontv.com these days, particularly if you like videos.

   Some variable quality, but some really excellent, unique viewpoints from value investors and macro managers there.

   I would also recommend the Market Wizards series by Schwager and Inside the House of Money/the Invisible Hands by the Drobnys.

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3. adamtmcaJan 2012
   If anyone is interested, "Inside the House of Money" is a pretty enjoyable book about "global macro" hedge funds in the mid 2000's. It's just a series of interviews with hedge fund managers about their careers, their favourite trades and how they run their funds.

   The interviews all take place prior to the financial crisis and it's neat to see how they were thinking about the economy. It ranges from "we're in trouble" to "I'm confused about what is driving the CDS market so I am on the sidelines."

   As for the story, I am totally apathetic. If you invest in a hedge fund you are well aware of the fee structure going in and you are a sophisticated investor. Ultimately these guys only make money if their clients make money.

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4. jingOct 2010
   Here's a few I've really liked that have a broader subject matter than only what you asked for. I figure that if you like to read you'd like these books.

   --- NON-FICTION ---

   Darkness Visible

   A Mathemematician's Apology

   Omnivore's Dilemma

   Fermat's Enigma

   The Code Book

   Born to Run

   Judgement of Paris

   Siddhartha

   Killing Pablo

   The Victorian Internet

   Lone Survivor

   I Hope They Serve Beer in Hell

   Surely You're Joking Mr. Feynman

   Papillon

   Into Thin Air

   Born on a Blue Day

   Touching the Void

   Got Fight

   The Conquest of Happiness

   --- FICTION ---

   Switch Bitch

   Lost Horizon

   The Cuckoo's Egg

   The Simlarillion

   The Time Traveler's Wife

   The Alchemist

   The Count of Monte Cristo

   A Canticle for Leibowitz

   Neverwhere

   My Uncle Oswald

   Stories of Your Life and Others

   Invisible Cities

   Life of Pi

   Atlas Shrugged

   --- WALL STREET / FINANCE ---

   When Genius Failed

   Liar's Poker

   Buffett (Lowenstein)

   Bull!

   Black-Scholes and Beyond (textbook)

   Fixed Income Securities (textbook)

   The Road to Serfdom

   The Smartest Guys in the Room

   Fortune's Formula

   The Fourth Turning

   Inside the House of Money

   --- ENTREPRENEURSHIP / COMPUTERS (non-textbook) ---

   Masters of Doom

   It's Not About the Bike

   Dot. Bomb

   Founders at Work

   The PayPal Wars

   Coders at Work

   The Mousedriver Chronicles

   Leaving Microsoft to Change the World

   The Soul of a New Machine

   Startup

   The Hypomanic Edge

   Small Giants

   Small is the New Big

   Four Hour Work Week

   The Boy who Harnessed the Wind

   Four Steps to the Epiphany

   Pour your Heart into it

   Beyond Software Architecture

   Setting the Table

   --- DESIGN / UX ---

   On Writing

   The Design of Everyday Things

   Understanding Comics

   The Elements of Typographic Style

   Don't Make me Think!

   A Pattern Language

   --- PROGRAMMING ---

   Programming Pearls

   Effective Java

   The Algorithm Design Manual

   Advanced Programming in the UNIX Environment

   The Pragmatic Programmer

   Refactoring

   Java Concurrency in Practice

   Java Puzzlers

   Expert C Programming

   --- COOKING ---

   The Secrets of Cooking Revealed

   Cooking for Geeks

   The Bread Baker's Apprentice

   The Brewmaster's Table

   --- MISC ---

   Robot Building for Beginners

   Mountaineering - The Freedom of the Hills

   A First Course in Coding Theory

   The Computational Beauty of Nature

   Total Control

   The Ashley Book of Knots

   Make: Electronics

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