Hedge Fund Books

of Hedge Fund Training

Educating yourself is a must when preparing for hedge fund interviews. Tips include:

  • Follow the markets on a regular basis and develop a clear point of view.
  • Keep up with current events that may be affecting the Hedge Fund industry and think about how they may affect the industry going forward.
  • Read books on investing, and on different hedge fund strategies and managers (suggestions below, bolded are recommended).

Analysis/Strategy Reading

Anson, Mark J.P. The Handbook of Alternative Assets
Arnold, Glen Valuegrowth Investing
Bernstein, Peter Against the Gods: The Remarkable Story of Risk
Bernstein, Peter Capital Ideas: Improbable Origins of Modern Wall Street
Bernstein, William The Four Pillars of Investing: Lessons for Building a Winning Portfolio
Carret, Philip The Art of Speculation
Christensen, Clayton Innovator’s Dilemma: When New Technologies Cause Failure
Collins & Porras Built to Last: Successful Habits of Visionary Companies
Dreman, David Contrarian Investment Strategies in the Next Generation
Drobny, Steven Inside the House of Money: Top Hedge Fund Traders on Profiting in the Global Markets
Dubil, Robert An Arbitrage Guide to Financial Markets
Ellis, Charles Winning the Loser’s Game: Timeless Strategies for Successful Investing
Einhorn, David Fooling Some of the People All the Time: A Long Short Story
Fabozzin & Asness Short Selling: Strategies, Risks and Rewards
Fisher, Philip Common Stock and Uncommon Profits and Other Writings
Foster & Kaplan Creative Destruction: Why Built to Last Underperforms the Market
Graham, Benjamin Security Analysis
Graham, Benjamin The Intelligent Investor: The Definitive Book of Value Investing
Greenblatt, Joel You Can Be a Stock Market Genius: Uncover the Secret Hiding Places…
Greenwald, Bruce Value Investing: From Graham to Buffet and Beyond
Gross, William Bill Gross on Investing
Hagstrom, Robert The Warren Buffett Way
L’Habitant, Francois-Serge Hedge Funds: Myths and Limits
Lynch, Peter One Up On Wall Street
Malkiel, Burton A Random Walk Down Wall Street
Moe, Michael Finding the Next Starbucks: How to Identify in the Hot Stocks of Tomorrow
Mulford, Charles Creative Cash Flow Reporting
Neff, John John Neff on Investing
Nicholas, Joseph Market-Neutral Investing: Long/Short Hedge Fund Strategies
O’Glove, Thornton Quality of Earnings
O’Neill, William How to Make Money Selling Stocks Short
Porter, Michael Competitive Advantage
Rogers, Jim A Bull in China: Investing Profitably in the World’s Greatest Market
Rogers, Jim Hot Commodities: How Anyone Can Invest Profitably in the World’s Best Market
Rosenberg, Hilary The Vulture Investors
Schilit, Howard Financial Shenanigans: How to Detect Accounting Gimmicks
Siegel, Jeremy Stocks For the Long Run
Soros, George Alchemy of Finance
Staley, Kathryn The Art of Short Selling
Stefanini, Filippo Investment Strategies of Hedge Funds
Stokes, Eric Market-Neutral Investing

Historical/Biographical Reading

Baruch, Bernard Baruch: My Own Story
Bernstein, Peter Against the Gods: The Remarkable Story of Risk
Biggs, Barton Hedgehogging
Bogle, John John Bogle On Investing: The First 50 Years
Brooks, John Go-Go Years: Drama and Crashing Finale of Wall Street’s Bullish 60s
Bruner, Robert The Panic of 1907: Lessons Learned from the Market’s Perfect Storm
Burton, Katherine Hedge Hunters: Hedge Fund Masters on the Rewards, the Risk, and the Reckoning
Byrne, John Chainsaw: The Notorious Career of Al Dunlap
Chancellor, Edward Devil Take the Hindmost: A History of Financial Speculation
Cunningham, Lawrence The Essays of Warren Buffet: Lessons for Corporate America
Ellis & Vertin Classic II: Another Investor’s Anthology
Garber, Peter Famous First Bubbles
Giesst, Charles Wall Street: A History
Gordon, John S. The Great Game
Homer, Sidney A History of Interest Rates, 4th Edition
Lefevre, Edwin Reminiscences of a Stock Operator
Lowe, Janet Damn Right – Behind the Scenes with Berkshire Billionaire Charlie Munger
Lowenstein, Roger Buffet: The Making of an American Capitalist
Mehrling, Perry Fisher Black and the Revolutionary Idea of Finance
Middleton, Timothy The Bond King: Investment Secrets from PIMCO’s Bill Gross
Schwager, Jack Market Wizards: Interviews with Top Traders
Schwager, Jack The New Market Wizards: Conversations with America’s Top Traders
Schwed, Fred Where Are the Customers’ Yachts?
Soros, George Soros on Soros: Staying Ahead of the Curve
Steinhardt, Michael No Bull: My Life In and Out of Markets
Strachman, Daniel Julian Robertson: A Tiger in the Land of Bulls and Bears
Train, John The New Money Masters

Behavioural Finance/Psychology Reading

Cialdini, Robert Influence: The Psychology of Persuasion
Claxton, Guy Hare Brain, Tortoise Mind
Gilovich & Belsky Why Smart People Make Big Money Mistakes
Gilovich, Thomas How We Know What Isn’t So
Haugen, Robert The Inefficient Stock Market
Klarman, Seth Margin of Safety: Risk-Averse Investing Strategies for the Thoughtful Investor
Nofsiger, John Investment Madness
Plous, Scott The Psychology and Judgment of Decision Making
Pring, Martin Investment Psychology Explained: Classic Strategies to Beat the Market
Russo, J. Decision Traps: 10 Barriers to Brilliant Decision Making
Shefrin, Hersh Beyond Greed and Fear
Smith, Adam The Money Game
Tobias & McKay Extraordinary Popular Delusions and the Madness of Crowds
Whitman, Martin The Aggressive Conservative Investor
Wilson, Tim Stranger To Ourselves: The Adaptive Unconscious
Wright, Robert The Moral Animal: Why We Are the Way We Are

Economics Reading

Baumohl, Benjamin The Secrets of Economic Indicators: Hidden Clues to Future Economic Trends and Investment Opportunities
Friedman, Milton Capitalism and Freedom
Friedman, Thomas The Lexus and the Olive Tree
Graham, Benjamin The Interpretation of Financial Statements
Hazlitt, Henry Economics in One Lesson
O’Rourke, PJ Eat the Rich
Schumpeter, Joseph Capitalism, Socialism, and Democracy

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