Good books on financial markets

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Good books on financial markets

Postby charley » Sun Dec 23, 2012 7:28 am

I hope this is the right forum for this. I'm interested in learning about the global economy and how markets work (topics like the underlying economics of financial markets, the role of the Federal Reserve, the role of the Treasury, etc). This is really to satisfy personal interest in the subject and not to directly inform personal finance decisions. I'm a scientist by training and didn't take any economics or finance classes, so I'm not exactly sure what subject this falls under or if there is a single book that discusses this subject. I read and enjoyed Sorkin's 'Too Big to Fail' and Lewis's 'The Big Short,' but felt that I lacked a broader understanding to really appreciate and contextualize the subjects of these books.

There seem to be a lot of forum members with interests in economics and history, and I wonder what people would suggest. Thanks for your help.
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Re: Good books on financial markets

Postby midareff » Sun Dec 23, 2012 7:33 am

While not fitting into a role model Easterlings book; "Unexpected Returns", is quite the work on markets, historical returns and what might be expected moving forward.
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Re: Good books on financial markets

Postby peppers » Sun Dec 23, 2012 8:09 am

Against The Gods by Peter L. Bernstein
"..the cavalry ain't comin' kid, you're on your own..."
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Re: Good books on financial markets

Postby NAVigator » Sun Dec 23, 2012 8:22 am

I am also looking for such a book described by the OP. I am considering "The Little Book of Economics: How the Economy Works in the Real World", by Greg Ip. The second edition will be released on Jan 14.

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"I was born with nothing and I have most of it left."
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Re: Good books on financial markets

Postby charley » Sun Dec 23, 2012 10:15 am

Thanks for the suggestions. I'm really interested in the Little Book of Economics. It seems a bit like a light textbook, and I think that's what I'm looking for. It looks like Against the Gods and Unexpected Returns would be good followups after getting a good foundation.
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Re: Good books on financial markets

Postby clast » Sat Dec 29, 2012 1:09 am

One book I read that really made me grow some brain cells was The Alchemy of Finance by George Soros. It's dense reading, but I learned a lot.
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