Recently some of our Latinos in Finance colleagues attended a panel event at UC Berkeley hosted by the Latino Business Student Association. At the event LIF members made solid connections with UC Berkeley students interested in business and finance.
The world of high finance can be a different subculture than the rest of business. Always eager to shed light on the intricacies of this world for students, new Latinos in Finance President Kennie Blanco responded to a Berkeley student wanting to pre-prepare for a leveraged finance position at Bank of America in New York next fall with a list of 'must-reads' for aspiring analysts:
...people on Wall St. always mention the top four. They are set in different financial times/scenarios. For example "the big short" is set in the recent economic downturn when John Paulson made a huge amount of money shorting mortgage-backed securities, whereas "when genius failed" is set late in the late 1990s around the fall of one of the top hedge funds at the time, LTCM which in turn created a huge financial crisis. Liars Poker is your old school investment banking story book set in the 1980's. If you read all of these books you will learn a ton of wall street terms and gain quite a bit of historical context.
- The Big Short by Michael Lewis
- When Genius Failed: The Rise and Fall of Long-Term Capital Management by Roger Lowenstein
- Liars Poker by Michael Lewis
- Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb
- Against the Gods, The Remarkable Story of Risk, by Peter Bernstein
- Den of Thieves by James B. Stewart
- Inside the House of Money by Steven Drobny
- Manias, Panics and Crashes: A History of Financial Crises by Charles P. Kindleberger
- The Psychology of Risk: Mastering Market Uncertainty by Ari Kiev
Interested in joining our book club? What would be some of your recommendations? Comment below.