44 books like Hedge Hogs

By Barbara T. Dreyfuss,

Here are 44 books that Hedge Hogs fans have personally recommended if you like Hedge Hogs. Shepherd is a community of 12,000+ authors and super readers sharing their favorite books with the world.

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Book cover of Liar's Poker

Paul Cranwell Author Of A Material Harvest

From my list on thriller novels you will never forget.

Why am I passionate about this?

I’ve been fascinated by thrillers since I was first allowed to read them. My childhood bookcase was full of Hammond Innes, Alistair MacLean, and every Nevil Shute novel. Later, these were joined by many others, not least John Le Carré. Banking gave me an insight into the murky world of money, bringing with it real-life stories as compelling as those I love reading about. My obsession with the genre is not only with elegant, complex plots but also with what motivates the characters to take the extraordinary risks they do in such challenging environments. The five thrillers I’ve chosen are my absolute favorites. I hope you enjoy them.

Paul's book list on thriller novels you will never forget

Paul Cranwell Why did Paul love this book?

Although this book is semi-autobiographical, it is still one of the best financial thrillers for me. I love the build-up of the characters working in the toxic mortgage and junk bond markets of the late 1980s.

I love, too, the way it depicts the moral bankruptcy of the major investment banks and exposes the culture of greed that ultimately led to the financial crash of the late ‘80s, which was to be replicated again many years later.

By Michael Lewis,

Why should I read it?

8 authors picked Liar's Poker as one of their favorite books, and they share why you should read it.

What is this book about?

Michael Lewis was fresh out of Princeton and the London School of Economics when he landed a job at Salomon Brothers, one of Wall Street's premier investment firms. During the next three years, Lewis rose from callow trainee to bond salesman, raking in millions for the firm and cashing in on a modern-day gold rush. Liar's Poker is the culmination of those heady, frenzied years-a behind-the-scenes look at a unique and turbulent time in American business. From the frat-boy camaraderie of the forty-first-floor trading room to the killer instinct that made ambitious young men gamble everything on a high-stakes game…


Book cover of When Genius Failed: The Rise and Fall of Long-Term Capital Management

Brad Schaeffer Author Of Life in the Pits: My Time as a Trader on the Rough-and-Tumble Exchange Floors

From my list on what makes commodities traders tick.

Why am I passionate about this?

After graduating from the University of Illinois in 1989 with an LAS degree in communications and a knack for artwork, I had no idea what I wanted to do. That was until my brother pulled me from my low-paid art job in Chicago to work as a clerk on the floor of the Chicago Mercantile Exchange. I eventually became a trader on that same floor, as well as an oil and gas dealer in New York. Screaming and yelling in the trading pits while money moved back and forth with a shout and a hand signal I learned more about investing, trading, and human nature through osmosis than I ever could in an MBA course.

Brad's book list on what makes commodities traders tick

Brad Schaeffer Why did Brad love this book?

This fascinating read tells the story of the rise and then spectacular fall of the once celebrated hedge fund Long-Term Capital Management.

What made LTCM so attractive to Wall Street investors was its stable of "dream team" quants and financial minds, led by the laconic John Merriweather. Merriweather (featured in the opening Chapter of Liar's Poker) was a former Solomon Brothers bond-trading guru, who after leaving the firm amid a scandal managed to assemble a team of financial powerhouses that included two Nobel Laureates as well as a cadre of respected traders.

From 1993 to 1997 LTCM's returns were first-rate; the sky seemed the limit for this small band of supertraders, professors, and modelers who arrogantly considered themselves a cut above the rest of The Street.

But in 1998, it all came crashing down...and right quick. Having believed their financial models could accurately predict price action not just in…

By Roger Lowenstein,

Why should I read it?

4 authors picked When Genius Failed as one of their favorite books, and they share why you should read it.

What is this book about?

Picking up where Liar's Poker left off (literally, in the bond dealer's desks of Salomon Brothers) the story of Long-Term Capital Management is of a group of elite investors who believed they could beat the market and, like alchemists, create limitless wealth for themselves and their partners.

Founded by John Meriweather, a notoriously confident bond dealer, along with two Nobel prize winners and a floor of Wall Street's brightest and best, Long-Term Captial Management was from the beginning hailed as a new gold standard in investing. It was to be the hedge fund to end all other hedge funds: a…


Book cover of Market Wizards: Interviews with Top Traders

Kevin J. Davey Author Of Entry and Exit Confessions of a Champion Trader: 52 Ways A Professional Speculator Gets In And Out Of The Stock, Futures And Forex Markets

From my list on that help to become a champion trader.

Why am I passionate about this?

I have been trading for over 30 years now, and I was lucky to be one of the part-time “hobby” traders to be successful enough to trade full time. Along the way, I was a 3-time trophy winner in the world’s premier real time, real money futures trading contest. My passion is trading, both for my personal accounts and in assisting my students with their trading. While I always say “trading is the hardest way to make easy money” this field is my lifelong passion.

Kevin's book list on that help to become a champion trader

Kevin J. Davey Why did Kevin love this book?

There are quite a few titles in the Market Wizards book collection, but my personal favorite is still the first of the series. In the book, Jack interviews different successful traders and investors. You’ll get to learn the basics of what they did (I personally know of one reader who started a successful hedge fund after reading one chapter of this book), but more importantly, you will be able to understand and explore the mindset of winning traders. Reading this book will help you mimic the behavior of some of the great traders of our time.

By Jack D. Schwager,

Why should I read it?

3 authors picked Market Wizards as one of their favorite books, and they share why you should read it.

What is this book about?

The world's top trader's reveal the secrets of their phenomenal success! How do the world's most successful traders amass tens, hundreds of millions of dollars a year? Are they masters of an occult knowledge, lucky winners in a random market lottery, natural-born virtuosi Mozarts of the markets? In search of an answer, bestselling author Jack D. Schwager interviewed dozens of top traders across most financial markets. While their responses differed in the details, all of them could be boiled down to the same essential formula: solid methodology + proper mental attitude = trading success. In Market Wizards Schwager lets you…


Book cover of Reminiscences of a Stock Operator

Brad Schaeffer Author Of Life in the Pits: My Time as a Trader on the Rough-and-Tumble Exchange Floors

From my list on what makes commodities traders tick.

Why am I passionate about this?

After graduating from the University of Illinois in 1989 with an LAS degree in communications and a knack for artwork, I had no idea what I wanted to do. That was until my brother pulled me from my low-paid art job in Chicago to work as a clerk on the floor of the Chicago Mercantile Exchange. I eventually became a trader on that same floor, as well as an oil and gas dealer in New York. Screaming and yelling in the trading pits while money moved back and forth with a shout and a hand signal I learned more about investing, trading, and human nature through osmosis than I ever could in an MBA course.

Brad's book list on what makes commodities traders tick

Brad Schaeffer Why did Brad love this book?

Of all the books about trading written over the decades, perhaps none is still so beloved, revered, and followed as this 1923 classic by journalist Edwin Lefèvre. Although technically a work of fiction, the book really is about the life and trading style of one of the greatest speculators of all time, Jesse Livermore (told under the guise of “Larry Livingston”).

What makes this book such a treasure is not just its fun prose, and interesting glimpse into what the process of investing in old exchanges and “bucket shops” was over a century ago, when ticker-tape and board boys with chalk and ladders were one’s only information about market prices, but also how the mind of one of the world’s greatest traders worked.

This book offers many gems of knowledge about trading—based upon the general principle that, although methods and technologies change, human nature does not and therefore “there is…

By Edwin Lefèvre,

Why should I read it?

7 authors picked Reminiscences of a Stock Operator as one of their favorite books, and they share why you should read it.

What is this book about?

Reminiscences of a Stock Operator is a fictionalized story based on the trading career of Jesse Livermore. It follows his journey from the age of 15 when he made his first $1,000 to becoming a Wall Street legend.


Book cover of The Disciplined Trader: Developing Winning Attitudes

Richard L. Weissman Author Of Trade Like a Casino

From my list on for trading like a casino.

Why am I passionate about this?

Richard L. Weissman is one of the world’s foremost authorities and thought leaders in the fields of derivatives, risk management and technical analysis. He is the author of two books: Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis (Wiley, 2004) and Trade Like a Casino: Find Your Edge, Manage Risk and Win Like the House (Wiley, 2011) which was a finalist for the 2012 Technical Analyst Book of the Year Award. Mr. Weissman has over thirty years experience as a derivatives trader and has provided training and consultation services to traders and risk managers at investment banks, hedge funds, energy, and agricultural companies for over twenty years. 

Richard's book list on for trading like a casino

Richard L. Weissman Why did Richard love this book?

Mark Douglas’ book focuses on practical tools and techniques to counter the gambling mentality that typifies speculative trading. He focuses on a more rational, math-based approach to participation in markets as a speculator. Although I was already a successful trader by the time I’d read Mark’s book, it reinforced that the tools and techniques I had developed to dampen emotionalism in the markets were sound.

By Mark Douglas,

Why should I read it?

1 author picked The Disciplined Trader as one of their favorite books, and they share why you should read it.

What is this book about?

The classic book that introduced the investment industry to the concept of trading psychology.

With rare insight based on his firsthand commodity trading experience, author Mark Douglas demonstrates how the mental matters that allow us function effectively in society are often psychological barriers in trading. After examining how we develop losing attitudes, this book prepares you for a thorough "mental housecleaning" of deeply rooted thought processes. And then it shows the reader how to develop and apply attitudes and behaviors that transcend psychological obstacles and lead to success.

The Disciplined Trader helps you join the elite few who have learned…


Book cover of Option Volatility and Pricing: Advanced Trading Strategies and Techniques

Richard L. Weissman Author Of Trade Like a Casino

From my list on for trading like a casino.

Why am I passionate about this?

Richard L. Weissman is one of the world’s foremost authorities and thought leaders in the fields of derivatives, risk management and technical analysis. He is the author of two books: Mechanical Trading Systems: Pairing Trader Psychology with Technical Analysis (Wiley, 2004) and Trade Like a Casino: Find Your Edge, Manage Risk and Win Like the House (Wiley, 2011) which was a finalist for the 2012 Technical Analyst Book of the Year Award. Mr. Weissman has over thirty years experience as a derivatives trader and has provided training and consultation services to traders and risk managers at investment banks, hedge funds, energy, and agricultural companies for over twenty years. 

Richard's book list on for trading like a casino

Richard L. Weissman Why did Richard love this book?

Traders often ask me for a book that will teach them the nuts and bolts (pricing models, volatility, the Greeks, spread strategies, etc.,) of options and I always recommend this book. When I was learning options, the Natenberg book hadn’t been written and although there were “good” books on the topic, Natenberg is truly the gold standard for options traders.

By Sheldon Natenberg,

Why should I read it?

1 author picked Option Volatility and Pricing as one of their favorite books, and they share why you should read it.

What is this book about?

WHAT EVERY OPTION TRADER NEEDS TO KNOW. THE ONE BOOK EVERY TRADER SHOULD OWN.

The bestselling Option Volatility & Pricing has made Sheldon Natenberg a widely recognized authority in the option industry. At firms around the world, the text is often the first book that new professional traders aregiven to learn the trading strategies and risk management techniques required for success in option markets.

Now, in this revised, updated, and expanded second edition, this thirty-year trading professional presents the most comprehensive guide to advanced trading strategies and techniques now in print. Covering a wide range of topics as diverse and…


Book cover of Barbarians at the Gate: The Fall of RJR Nabisco

Brad Schaeffer Author Of Life in the Pits: My Time as a Trader on the Rough-and-Tumble Exchange Floors

From my list on what makes commodities traders tick.

Why am I passionate about this?

After graduating from the University of Illinois in 1989 with an LAS degree in communications and a knack for artwork, I had no idea what I wanted to do. That was until my brother pulled me from my low-paid art job in Chicago to work as a clerk on the floor of the Chicago Mercantile Exchange. I eventually became a trader on that same floor, as well as an oil and gas dealer in New York. Screaming and yelling in the trading pits while money moved back and forth with a shout and a hand signal I learned more about investing, trading, and human nature through osmosis than I ever could in an MBA course.

Brad's book list on what makes commodities traders tick

Brad Schaeffer Why did Brad love this book?

Though not a book about trading per se, this chronicle of the craziness surrounding the 1986 leveraged buyout of RJR-Nabisco is certainly worth a read.

It centers around the machinations of RJR-Nabisco’s breezy CEO, F. Ross Johnson, and how, apparently, being the head of one of America’s great companies wasn’t enough. The book really is as much a study of greed and ego as it is about what was, at the time, the most expensive LBO in history.

One gets the feeling the company in play, and its employees wondering what would be the impact on their lives once the negotiations way up in the New York corporate high rises were completed, were ancillary concerns to the players involved—Ross Johnson, American Express CEO and power publicist Jim and Linda Robinson, Shearson-Lehman head Peter Cohen, buyout specialist and anti-junk bond crusader Ted Forstmann, and the coldly menacing Henry Kravis and…

By Bryan Burrough, John Helyar,

Why should I read it?

3 authors picked Barbarians at the Gate as one of their favorite books, and they share why you should read it.

What is this book about?

“One of the finest, most compelling accounts of what happened to corporate America and Wall Street in the 1980’s.”
—New York Times Book Review

A #1 New York Times bestseller and arguably the best business narrative ever written, Barbarians at the Gate is the classic account of the fall of RJR Nabisco. An enduring masterpiece of investigative journalism by Bryan Burrough and John Helyar, it includes a new afterword by the authors that brings this remarkable story of greed and double-dealings up to date twenty years after the famed deal. The Los Angeles Times calls Barbarians at the Gate, “Superlative.”…


Book cover of More Money Than God: Hedge Funds and the Making of a New Elite

Robin Wigglesworth Author Of Trillions: How a Band of Wall Street Renegades Invented the Index Fund and Changed Finance Forever

From my list on financial history that are genuinely gripping.

Why am I passionate about this?

I ended up in financial journalism by happenstance (it was pretty much the only corner of the media world that was still hiring when I graduated in the early 2000s). But I fell in love with it. To understand the world, you have to understand money. Whether you like it or not, it is the hidden wiring that binds us all together. I’ve found that reading history books on finance and economics has helped me better understand what is going on today, so I hope the books on this list will help you do the same. 

Robin's book list on financial history that are genuinely gripping

Robin Wigglesworth Why did Robin love this book?

A history of hedge funds might seem like a weird recommendation by someone who has written a paean to passive investing.

But my favourite books use a subject to tell a much broader story, and Mallaby’s definitive book on the hedge industry manages to show how even the most illustrious investing careers can fizzle out as market regimes ebb and flow.  

By Sebastian Mallaby,

Why should I read it?

3 authors picked More Money Than God as one of their favorite books, and they share why you should read it.

What is this book about?

The first book of its kind: a fascinating and entertaining examination of hedge funds today Shortlisted for the Financial Times/Goldman Sachs Business Book of the Year Award 'An enormously satisfying book: a gripping chronicle of the cutting edge of the financial markets and a fascinating perspective on what was going on in these shadowy institutions as the crash hit' Observer Wealthy, powerful, and potentially dangerous, hedge-find managers have emerged as the stars of twenty-first century capitalism. Based on unprecedented access to the industry, More Money Than God provides the first authoritative history of hedge funds. This is the inside story…


Book cover of The Billionaire's Apprentice

Claire A. Hill Author Of Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment

From my list on bankers, especially bankers behaving badly.

Why am I passionate about this?

I’ve always been interested—a vast understatement to anyone who knows me—in what makes people tick. I’ve focused on analyzing business actors – bankers, lawyers, investors, executives, shareholders, and others. What do they want? Some combination of money, power, or prestige? How does loving to win fit in? How about hating to lose? When is enough (money/power/prestige) enough? What do they think is ok to do to get what they want? What do they think is not ok? Amazingly, as a law professor, I can pursue that interest as part of my job, and – I think and hope – do so in a way that might help lawmakers, regulators, and policymakers do better.

Claire's book list on bankers, especially bankers behaving badly

Claire A. Hill Why did Claire love this book?

This is a beautifully written story about bankers who rise, and fall spectacularly – into crime, in this case insider trading, with the loss of money, status, and prestige that followed.

What’s particularly fascinating is the historical, ethnic, and sociological backdrop. The book begins with a scene in which Indian-born Rajat Gupta, having come to the US and ascended to the highest echelons of the US business world, was attending a White House dinner for India’s Prime Minister.

The book ends as some people who had been on top are dealing with the aftermath of trials that went very badly for them. The word “Shakespearean” has been used to describe this book, and aptly so.

By Anita Raghavan,

Why should I read it?

2 authors picked The Billionaire's Apprentice as one of their favorite books, and they share why you should read it.

What is this book about?

Just as WASPs, Irish-Catholics and Our Crowd Jews once made the ascent from immigrants to powerbrokers, it is now the Indian-American's turn. Citigroup, PepsiCo and Mastercard are just a handful of the Fortune 500 companies led by a group known as the "Twice Blessed." Yet little is known about how these Indian emigres (and children of emigres) rose through the ranks. Until now...The collapse of the Galeon Group--a hedge fund that managed more than $7 billion in assets--from criminal charges of insider trading was a sensational case that pitted Preet Bharara, himself the son of Indian immigrants, against the best…


Book cover of No One Would Listen: A True Financial Thriller

John V. Petrocelli Author Of The Life-Changing Science of Detecting Bullshit

From my list on detecting bullshit, misinformation, and fake news.

Why am I passionate about this?

As an experimental social psychologist, who has conducted years of empirical research on bullshitting behavior and bullshit detection, I’ve found compelling evidence that the worst outcomes of bullshit communications are false beliefs and bad decisions. I’m convinced that all of our problems, whether they be personal, interpersonal, professional, or societal are either directly or indirectly linked to mindless bullshit reasoning and communication. I’m just sick and tired of incompetent, bullshit artists who capitalize by repackaging and selling what I and other experimental psychologists do for free. It’s time the masses learn that some of us who actually do the research on the things we write about can actually do it better.    

John's book list on detecting bullshit, misinformation, and fake news

John V. Petrocelli Why did John love this book?

I found this book absolutely thrilling as a real-life story of one of the biggest bullshit busts in history. Bernie Madoff’s Ponzi scheme ran for almost 18 years without much concern or investigation by the U.S. Securities and Exchange Commission (SEC). But, Harry Markopolos, a little-known number cruncher from a Boston equity derivatives firm, was onto Madoff after looking at Madoff’s financial records, several years before the bust made headlines. Page by page, Markopolos details his pursuit of the greatest financial criminal in history, and reveals the massive fraud, governmental incompetence, and criminal collusion that has changed thousands of lives forever-as well as the world’s financial system. All the while, no one, including the SEC, would listen. As such, the book is the quintessential example of how spellbinding bullshit can be. 

By Harry Markopolos,

Why should I read it?

1 author picked No One Would Listen as one of their favorite books, and they share why you should read it.

What is this book about?

Harry Markopolos and his team of financial sleuths discuss first-hand how they cracked the Madoff Ponzi scheme No One Would Listen is the thrilling story of how the Harry Markopolos, a little-known number cruncher from a Boston equity derivatives firm, and his investigative team uncovered Bernie Madoff's scam years before it made headlines, and how they desperately tried to warn the government, the industry, and the financial press. Page by page, Markopolos details his pursuit of the greatest financial criminal in history, and reveals the massive fraud, governmental incompetence, and criminal collusion that has changed thousands of lives forever-as well…


Book cover of Liar's Poker
Book cover of When Genius Failed: The Rise and Fall of Long-Term Capital Management
Book cover of Market Wizards: Interviews with Top Traders

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