Back in November, top Wall Street strategist Dylan Grice announced that he was leaving his post at Societe Generale.
As Grice prepares to move to his new venture, he put together a series of his reports that were important to him in his "intellectual journey".
Among the essays were book recommendations he made from 2009 through 2012. Book lists, according to Grice, became a SocGen tradition during former co-head of global strategy James Montier's time at SocGen.
We put together all 22 recommendations which include financial books that changed the way Grice views the world and some of his recent recommended beach and rainy day reading. It also includes a fictional title.
Manias, Panics, And Crashes
By Charles P. Kindleberger
Kindleberger's "history of financial calamity" is a no brainer for Grice. He says the book is great not just because of its content and structure but because it was ahead of its time in saying that markets are not rational and for fitting historical facts into Hyman Minksy's framework.
"It is the best single book on how financial markets actually behave and if I could recommend only one book to understand finance it would be this."
The Essays Of Warren Buffett
Edited by Larry Cunningham
"For pure timeless investment wisdom I don’t think there is a better book than this abridged version of Warren Buffett’s letters to Berkshire shareholders. The healthy influence one would expect from Buffett’s early mentor (Munger has had a greater influence later in Buffett’s life) is ever present: a subsection is dedicated to the story of Mr. Market, Ben Graham’s mental framework for dealing with the price fluctuations which are so often fatal to the best laid plans; another is called ‚Intelligent Investing.
But Buffett and Munger’s thinking not only updates that of Graham and Dodd, it goes beyond it. It is therefore as pioneering in my view."
Reminiscences Of A Stock Operator
By Edwin Lefevre
Grice who isn't comfortable with the distinction between investors and speculators and the positive and negative sentiment associated with each respectively, he says LeFevre's book articulates the founding principles of "intelligent speculation".
"A thinly disguised biography of legendary early 20th century speculator, Jesse Livermore, the accounts of the panic of 1907, or of the Lusitania sinking of 1915, are riveting in themselves. But the real richness of the book is in the principles it articulates. Though learned in the markets of a century ago they remain as pertinent today because they are rooted in the hardwired tendency to folly that is the human condition."
See the rest of the story at Business Insider
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