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Would be great for a 2 year later update 😀
I certainly love and respect the books on the list. I would add that Michael Lewis' more recent work "Flash Boys" belongs on the list for any trader with a more current, super important lesson : that there are always people with more data, more money, faster computers, and better (social and internet speed) connections than you will ever conceive of having. Any trader has to think hard about what your advantage is when compared to the flash boys who may be on the other side of the trade.
Wow. Reminiscences of a Stock Operator really turned me onto finance back in college. The stories of L Livermore moving up from unregulated bucket shops up through his days on Wall Street. It is very entertaining and full of good advice. "There is nothing like losing all you have in the world for teaching you what not to do. And when you know what not to do in order not to lose money, you begin to learn what to do in order to win."
Newbie here Im mom in my mid 30s. New immgrant to Canada. I have enrolled to business diploma. You are such inspiration and down to earth person. Kee posting and lots of love ❤❤❤
I've just bought your book 'Statistics for the trading floor'. Using it as a complement to CFA level 1. A good addition to the shelf.
LTCM is a story that I learned in financial mathematics 101 and is one of the only parables that stuck with me long after I left the classroom. You would think that the geniuses who invented something as insanely remarkable as the first risk neutral pricing model would never fail. Their story is a goldmine of lessons in risk, but for me I think the most interesting take away is about the fundamental nature of human systems and the limits of our abilities to mathematize them.
"My Life As A Quant" wonderful book, Thanks Patrick !!
“Barbarians at the gate” was such a great read!
Great list Patrick! Other books I like are 'Barbarians at the Gate' (By Burrough & Helyar), and 'Hedgehogging' (By Barton Biggs).
Nassim Taleb's books are all excellent reads for the layman. For the more advanced reader his Antifragile book is the one with truly original insights. A must to understand the world we live in, and in particular what the Fed has been doing since the mid-90s.
Thank u Patrick! Your gift is the ability to break down complicated trading topics to a novice like me.
This is my first time to watch your video and already subbed before the end of the video. Your style is professonial and shows expertise in the field of finance. Thank you, sir.
Read An End to the Bull by Gary Norden. This book sets out a frame work of how an investment bank and pit trader made markets and traded and how to apply this frame work for the retail trader.
Patrick Congratulations on 50k subscribers up from only a couple thousand a few months ago. Its true that Cofeezilla interview gave you the initial nudge but the secret to your fast climb is your authenticity. Best of luck.
Excellent - thanks - I'm going to read every one of those. Just for fun.
This is a great channel to get unbiased financial education. I would be greatful if you could do a explainer series explaining some of the financial jargon and concepts. E.g. what's a call option, what's a derivative, difference between hedge fund and mutual fund. what is options trading, what is QE ( some says it causes inflation some says it's not).
This dude is awesome. A great guide for an individual investor
Thank you for taking time from your busy schedule to provide such high quality content can you please recommend some trusted recent statistics books about trading strategies back-testing & win rates, it would be better if they focus on Futures day-trading strategies.
@Prim0rdiaL7