Best Books for Crypto Traders
A list of insights and stories about trading and dealmaking.
From an outsider’s view, trading can seem complex, nuanced, and intangible. But like any subject, the best way to wrap your head around it is to learn from the experts. If you’re a book nerd, you’re in the right place. Below are seven recommended reads from ShapeShift’s very own trading team.
Liar’s Poker by Michael Lewis
Liar’s Poker is a semi-autobiographical book written by Michael Lewis. Lewis describes his life from his days at Princeton and the London School of Economics, to his experiences on Wall Street in the 1980s. He describes rising through the ranks at Salomon Brothers, making millions, and thriving in the competitive, cut-throat culture of Wall Street.
Liar's Poker book. Read 2,041 reviews from the world's largest community for readers. The time was the 1980s. The place…
When Genius Failed by Roger Lowenstein
When Genius Failed is an account of the rise and fall of a hedge fund called Long-Term Capital Management. Roger Lowenstein interviews key players in the failed hedge fund, painting a picture of the fund's early success and its subsequent downfall. Lowenstein gives readers an in-depth look into the world of international investing, and bond and equities trading.
When Genius Failed
(3.5) Eerily similar to a crisis almost exactly 10 years later An interesting, well-told brief account of the rise…
Fortune’s Formula by William Poundstone
“In 1956 two Bell Labs scientists discovered the scientific formula for getting rich.” So begins Goodreads description of how Claude Shannon and Edward Thorp used information theory to manage uncertainty in trading, gambling, and more. Shannon went on to become an investor with a highly successful rate of return to rival the likes of Warren Buffet.
Some interesting stories revolving around the science of information, investments sometimes using this science (and…
Barbarians at the Gate by Bryan Burrough and John Helyar
Barbarians at the Gate is an investigative journalism piece on the fall of RJR Nabisco, an American conglomerate selling food and tobacco products. The book is rife with the familiar notions of greed, opulence, and ambition, and is known to be highly recommended for traders.
Barbarians at the Gate
I'm not familiar with the Anchor Hocking LBO however, from Barbarians it does not appear to me that LBOs are bad .…
Market Wizards by Jack D. Schwager
Market Wizards gives us a dose of what we all need; lessons from the best in the industry. Author Jack Schwager interviews top traders on what they do that separates them from the masses. Interviewees include top traders like Marty Schwartz, Bruce Kovner, and Tom Baldwin.
This is not a how-to book rather it offers insights into what has made some of the most successful traders in the…
Reminiscence of a Stock Operator by Edwin Lefèvre
Reminiscence of a Stock Operator was written way back in 1923, but its lessons are timeless. The book follows a market speculator named Larry Livingstone, revealing his advice on trading and the cycles and characteristics of the markets. In Lefèvre’s book, you’ll learn how to apply Livingstone’s trading principles.
Reminiscences of a Stock Operator
1) This is a 300-page bull-sesh 2) Good to audiobook in order to run the gamut of market reactions on yourself on…
Ugly Americans — Ben Mezerich
Ugly Americans is the story of John Malcolm, the man who may have made the largest deal in the history of the financial markets. Read about Malcolm's Princeton years, how he made his fortune as one of the largest derivatives traders in Asia, and his entanglement with the Yakuza, Japan’s most well-known crime syndicate.
Ugly Americans is pop business. It's entertaining but superficial. Mezrich provides only the broadest outlines of the…
Get Busy Reading Now
We hope that you’ll add a few of these titles to your winter reading list or your 2020 reading challenge. There’s no better place to learn the ins and outs of the trading world from the experts in the field, and those who’ve studied them.