Books that provide background information for
a career in financial services:Finance: a Fine Art, by Michel Fleuriet.
(pub. 2002, John Wiley & Sons, [pounds sterling]19.99,
A former chief executive of
Merrill Lynch France and former chairman
of HSBC France, Fleuriet tracks the
history of banking and explains price
earnings ratios and bond pricing, as well
as the 1998 near-collapse of the hedge
fund Long Term Capital Management.
Liar's Poker, by Michael Lewis (pub. 1989,
[pounds sterling]6.39, 298pp). A former bond salesman
paints an unflattering picture of greed,
ambition and extravagance on 1980s Wall
Street. Highly readable and witty.
The Death of Gentlemanly Capitalism
(pub. 2000, [pounds sterling]5.39, 416pp). Philip Augar, a
former City of London broker, traces the
decline of British financial services firms
in the City from the 1980s onwards.
Mrs Moneypenny: Survival in the City
(pub. 2003, Piatkus, [pounds sterling]12.99, 176pp)
Mrs Moneypenny, a columnist for Financial
News, describes life in the City of London
through entertaining anecdotes mixed
with factual information. A former banker
herself, she has little time for women who
complain of discrimination.
The City of London, by David Kynaston.
This four-volume work traces the history
of the City over 200 years. Anecdotal as
well as factual, it is an exhaustive social
and financial guide.
Talking from 9 to 5: How Women's and
Men's Conversational Styles Affect who
Gets Heard, who Gets Credit, and What
Gets Done at Work, by Deborah Tannen
(pub. 1996, Virago Press, [pounds sterling]7.99, 224pp;
Market Wizards: Interviews with Top
Traders, ed. Jack D. Schwager (pub. 1989;
HarperCollins, [pounds sterling]12.99, 458pp). Interviews
with traders giving insights into their stories
of extraordinary success.
Reminiscences of a Stock Operator, by
Edwin Lefevre (pub. 1923; John Wiley &
Son, [pounds sterling]14.99, 300pp).
A thinly disguised
biography of Jesse Livermore, who started
speculating in New England bucket shops
at the turn of the 20th century and soon
moved to Wall Street, where he made and
lost his fortune several times.
When Genius Failed, by Roger Lowenstein
(pub. 2000; Fourth Estate, [pounds sterling]7.99, 275pp).
The story of the hedge fund Long Term
Capital Management, whose near-collapse
prompted fears for the stability of the
international financial system. (Recommended
by Christine Morrissey, managing
director and European head of fixed
income derivatives, UBS Warburg)
Bonfire of the Vanities, by Tom Wolfe