The best books on funding

1 authors have picked their favorite books about funding and why they recommend each book.

Soon, you will be able to filter by genre, age group, and more. Sign up here to follow our story as we build a better way to explore books.

Shepherd is reader supported. When you buy through links on our website, we may earn an affiliate commission (learn more).

The Escape Room

By Megan Goldin,

Book cover of The Escape Room

While this book isn’t strictly a domestic noir thriller like Gone Girl, it has a similar tone. Four Wall Street bankers find themselves trapped in an elevator after being told they’d be taking part in an escape room. However, the book is more complicated than that. With ‘then’ and ‘now’ chapters, the story gradually unfurls to show you why these people were chosen. It’s about greed, Machiavellian personalities and, at its heart, female friendship. Don’t expect this one to be a locked-room thrill ride, but do expect to be drawn in.

The Escape Room

By Megan Goldin,

Why should I read it?

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

What is this book about?

Welcome to the escape room. Your goal is simple. Get out alive.

In the lucrative world of Wall Street finance, Vincent, Jules, Sylvie and Sam are the ultimate high-flyers. Ruthlessly ambitious, they make billion-dollar deals and live lives of outrageous luxury. Getting rich is all that matters, and they'll do anything to get ahead.

When the four of them become trapped in an elevator escape room, things start to go horribly wrong. They have to put aside their fierce office rivalries and work together to solve the clues that will release them. But in the confines of the elevator the…


Who am I?

I’ve enjoyed dark fiction ever since I picked up Dracula for school. But I mostly avoided crime and thriller fiction. I couldn’t relate to a rogue detective with an alcohol problem or an FBI agent on the heels of the next Hannibal Lector. Police procedural books just aren’t my thing. But then Gone Girl came out and changed the genre. The domestic suspense subgenre has exploded over the last decade, and now there’s an abundance of books centered around the dangers within our family and friendship circle. And isn’t that the scariest part of life? Serial killers are rare, but domestic violence is, unfortunately, not rare. Where is more dangerous than in our own homes?


I wrote...

The Housemaid

By Sarah A. Denzil,

Book cover of The Housemaid

What is my book about?

It seems like the perfect job. Great wages, accommodation provided, and all located within the walls of Highwood Hall, a stunning stately home owned by the Howard family. Not many little girls dream of becoming a maid, but this is an opportunity for me to get back on my feet. And for me to revisit my past...But I soon realise I’ve made a mistake. On my first day, I receive a mysterious package. I open up the pretty gift box to find a miniature doll version of me trapped inside a dollhouse. In this scene I’m dead, lying in a pool of red paint at the bottom of the perfectly recreated staircase. Someone sent this threatening diorama to me, but who even knows I work at the hall? And what do they want?

I know only one truth: my perfect job is turning into my perfect nightmare.

The Art of Profitability

By Adrian Slywotzky,

Book cover of The Art of Profitability

This book came by recommendation from Jonathan Siegel, the brains and brawn behind Xenon Partners, a private equity firm that I joined in 2018. This book summarizes several profit models presented by a fictional mentor coaching a business executive. It’s clever, poignant, and was helpful to me in thinking about other profitable business models. For example, in my side-hustle life, I use the Profit-Multiplier Model: running multiple small SaaS businesses in parallel using the same tech stack (make money off the same good or skill in different markets).

The Art of Profitability

By Adrian Slywotzky,

Why should I read it?

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

What is this book about?

Presented in 23 compact lessons, THE ART OF PROFITABILITY features an ongoing tutorial between two fictitious individuals: the old and wise teacher, David Shao, the business master, and his pupil, Steve Gardner, a young and ambitious manager. Along the way, Zhao goes through a number of business models and pushes his student to examine how a variety of businesses go about making money. Through Zhao's teachings, Steve begins to see how profits can be improved simply by taking a step back and gaining a new perspective.

Who am I?

I studied economics and environmental policy but landed in entrepreneurship. I wrote The Parallel Entrepreneur after I sold my first company and continued to work on Rbucks, my blog, after I joined the next company. Outside of work I volunteer frequently in my community. I’m an Associate Professor in the Business Department at Diablo Valley College, where I teach marketing and sit on the advisory boards for both the Business and Computer Science departments. I also lead the Diablo Valley Tech Initiative (DVTI), an economic development organization incubated at DVC. Related to DVTI, I run Lamorinda Entrepreneurs, a community group that promotes and supports local entrepreneurship. I have a Master’s in Public Policy from the Harvard Kennedy School and a MBA from the MIT Sloan School of Management.


I wrote...

The Parallel Entrepreneur: How to start and run B2B businesses while keeping your day job

By Ryan Buckley,

Book cover of The Parallel Entrepreneur: How to start and run B2B businesses while keeping your day job

What is my book about?

Building a product on the internet is relatively easy these days. It's the making money part that's hard. I wrote this book to help you become a parallel entrepreneur faster than I did, and to encourage you to do so while you have the safety net of a day job.

I've divided this book into two parts: Theory and Tactics. The Theory section will cover all sides of parallel entrepreneurship and lean on both my experiences and those of others who have also ventured into parallel entrepreneurship. The Tactics section covers everything you need to know in order to plan, build, and run a business on the internet -- all while keeping your day job.

The Ascent of Money

By Niall Ferguson,

Book cover of The Ascent of Money: A Financial History of the World

Money is not the root of all evil, as this book makes clear in a highly entertaining romp through the major events in the history of coin and their derivatives. The author, who made his name with Empire, covers everything that really matters including the rise of the loan sharks, historic bubbles, the development of currencies, the egregious behaviour of a few very greedy and/or crooked people, supposedly fool-proof money-making schemes that backfired, and much else. If you want to understand how money works, you can hardly do better.

The Ascent of Money

By Niall Ferguson,

Why should I read it?

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

What is this book about?

Bread, cash, dosh, dough, loot: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it's the sinews of war. To revolutionaries, it's the chains of labour. But in The Ascent of Money, Niall Ferguson shows that finance is in fact the foundation of human progress. What's more, he reveals financial history as the essential back-story behind all history.

The evolution of credit and debt was as important as any technological innovation in the rise of civilization, from ancient Babylon to the silver mines of Bolivia. Banks provided the material…

Who am I?

Selwyn Parker is an award-winning journalist, author, speaker and pianist. In journalism he focuses on transformational contemporary issues like the new era in energy, the upheaval in banking, the revolution in transportation and the fast-moving world of investment. However most of his dozen books – novels and non-fiction -- are rooted in landmark historical events whose effects still register today.


I wrote...

The Great Crash: How the Stock Market Crash of 1929 Plunged the World into Depression

By Selwyn Parker,

Book cover of The Great Crash: How the Stock Market Crash of 1929 Plunged the World into Depression

What is my book about?

The Great Crash explains how the implosion of Wall Street in 1929 triggered a series of catastrophic events that ran around the world and led to poverty and misery for millions, launched Roosevelt’s New Deal, helped bring the Nazis to power, set the scene for another world war, and ultimately ushered in a new global order.

Book cover of Advances in Financial Machine Learning

By now, you may notice that I like to recommend textbooks. I use this bestseller for my course in Financial Machine Learning at Northwestern University, but really, nobody interested in financial machine learning hasn’t read this book. The topics are highly relevant to every investor or trader – I read it at least 5 times to digest every nugget and have put them to very productive use in my trading as well as in my fintech firm predictnow.ai. It covers basic techniques such as random forest to advanced techniques such as Hierarchical Risk Parity, which is a big improvement over traditional portfolio optimization methods.

Marcos used to be Head of Machine Learning at AQR (AUM=$143B), and now is the Global Head of Quant Research at Abu Dhabi Investment Authority. He is also very approachable to his readers and students. There was seldom an email or message from me to which…

Advances in Financial Machine Learning

By Marcos Lopez de Prado,

Why should I read it?

1 author picked Advances in Financial Machine Learning as one of their favorite books, and they share why you should read it.

What is this book about?

Learn to understand and implement the latest machine learning innovations to improve your investment performance

Machine learning (ML) is changing virtually every aspect of our lives. Today, ML algorithms accomplish tasks that - until recently - only expert humans could perform. And finance is ripe for disruptive innovations that will transform how the following generations understand money and invest.

In the book, readers will learn how to:

Structure big data in a way that is amenable to ML algorithms Conduct research with ML algorithms on big data Use supercomputing methods and back test their discoveries while avoiding false positives

Advances…


Who am I?

A noted quantitative hedge fund manager and quant finance author, Ernie is the founder of QTS Capital Management and Predictnow.ai. Previously he has applied his expertise in machine learning at IBM T.J. Watson Research Center’s Human Language Technologies group, at Morgan Stanley’s Data Mining and Artificial Intelligence Group, and at Credit Suisse’s Horizon Trading Group. Ernie was quoted by Bloomberg, the Wall Street Journal, New York Times, Forbes, and the CIO magazine, and interviewed on CNBC’s Closing Bell program. He is an adjunct faculty at Northwestern University’s Master’s in Data Science program and supervises student theses there. Ernie holds a Ph.D. in theoretical physics from Cornell University.


I wrote...

Quantitative Trading: How to Build Your Own Algorithmic Trading Business

By Ernest P. Chan,

Book cover of Quantitative Trading: How to Build Your Own Algorithmic Trading Business

What is my book about?

Can a robot take over your trading while you sip Tequila at the poolside? This book will show you how. You only need rudimentary programming skills, a tiny dose of math, and a healthy dose of grit.

In the newly revised Second Edition of Quantitative Trading: How to Build Your Own Algorithmic Trading Business, I show you how to apply both time-tested and novel quantitative trading strategies. You’ll discover new case studies and updated information on the application of cutting-edge machine learning investment techniques, as well as updated back tests on a variety of trading strategies, which included Matlab, Python, and R code examples. You will also find a guide to selecting the best traders and advisors to manage your money.

Algorithmic and High-Frequency Trading

By Alvaro Cartea, Sebastian Jaimungal, Jose Penalva

Book cover of Algorithmic and High-Frequency Trading

Finally, for those who are not afraid of math, they should read this book because there is a lot of heavy-duty math. The good news for the rest of us is you can ignore all the math and still get a lot out of it, especially knowledge about market microstructure and how to find the theoretically optimal trading strategies given some assumptions about the price dynamics. Even if you don’t want to or can’t solve those darn stochastic differential equations, you can still implement a numerical approximation. At the minimum, you will learn common trading lingo such as “walking the book” or “the ITCH feed”.

Algorithmic and High-Frequency Trading

By Alvaro Cartea, Sebastian Jaimungal, Jose Penalva

Why should I read it?

1 author picked Algorithmic and High-Frequency Trading as one of their favorite books, and they share why you should read it.

What is this book about?

The design of trading algorithms requires sophisticated mathematical models backed up by reliable data. In this textbook, the authors develop models for algorithmic trading in contexts such as executing large orders, market making, targeting VWAP and other schedules, trading pairs or collection of assets, and executing in dark pools. These models are grounded on how the exchanges work, whether the algorithm is trading with better informed traders (adverse selection), and the type of information available to market participants at both ultra-high and low frequency. Algorithmic and High-Frequency Trading is the first book that combines sophisticated mathematical modelling, empirical facts and…

Who am I?

A noted quantitative hedge fund manager and quant finance author, Ernie is the founder of QTS Capital Management and Predictnow.ai. Previously he has applied his expertise in machine learning at IBM T.J. Watson Research Center’s Human Language Technologies group, at Morgan Stanley’s Data Mining and Artificial Intelligence Group, and at Credit Suisse’s Horizon Trading Group. Ernie was quoted by Bloomberg, the Wall Street Journal, New York Times, Forbes, and the CIO magazine, and interviewed on CNBC’s Closing Bell program. He is an adjunct faculty at Northwestern University’s Master’s in Data Science program and supervises student theses there. Ernie holds a Ph.D. in theoretical physics from Cornell University.


I wrote...

Quantitative Trading: How to Build Your Own Algorithmic Trading Business

By Ernest P. Chan,

Book cover of Quantitative Trading: How to Build Your Own Algorithmic Trading Business

What is my book about?

Can a robot take over your trading while you sip Tequila at the poolside? This book will show you how. You only need rudimentary programming skills, a tiny dose of math, and a healthy dose of grit.

In the newly revised Second Edition of Quantitative Trading: How to Build Your Own Algorithmic Trading Business, I show you how to apply both time-tested and novel quantitative trading strategies. You’ll discover new case studies and updated information on the application of cutting-edge machine learning investment techniques, as well as updated back tests on a variety of trading strategies, which included Matlab, Python, and R code examples. You will also find a guide to selecting the best traders and advisors to manage your money.

The Making Of Global Capitalism

By Leo Panitch, Sam Gindin,

Book cover of The Making Of Global Capitalism: The Political Economy Of American Empire

This book adds the international dimension to the Neoliberal story. Gindin and Panitch argue that the U.S. national state and “American MNCs” found key allies abroad among many dominant groups, as various state elites and dominant class fractions worldwide stood to gain through neoliberal reforms. The authors argue that supranational organizations developed largely along U.S. strategic lines. They explain for example how U.S. representatives hold inordinate influence through supranational forums such as the Bank for International Settlements, the World Trade Organization, and the International Monetary Fund. Furthermore, legal reforms (with U.S. support) have been made in many countries to limit the influence that voters have on economic policy with, for example, the de-politicization of trade policy. This is the story we tell for the U.S. writ large.

The Making Of Global Capitalism

By Leo Panitch, Sam Gindin,

Why should I read it?

1 author picked The Making Of Global Capitalism as one of their favorite books, and they share why you should read it.

What is this book about?

The all-encompassing embrace of world capitalism at the beginning of the twenty-first century was generally attributed to the superiority of competitive markets. Globalization had appeared to be the natural outcome of this unstoppable process. But today, with global markets roiling and increasingly reliant on state intervention to stay afloat, it has become clear that markets and states aren't straightforwardly opposing forces.

In this groundbreaking work, Leo Panitch and Sam Gindin demonstrate the intimate relationship between modern capitalism and the American state. The Making of Global Capitalism identifies the centrality of the social conflicts that occur within states rather than between…

Who am I?

Neoliberalism and I have grown up in opposition to one another over the past four decades. As a professor of economics, union, and political activist I have observed, wrote about, and resisted its effects on the life chances of the great majority of its citizens with particular focus on the United States as its primary protagonist and gatekeeper. The opposition to this transformative epoch included writing about the significant contributions of my profession to Neoliberal economics in two previous books; The Profit Doctrine: The Economists of the Neoliberal Era and Economics in the 21st Century: A Critical Perspective.


I wrote...

Neoliberal Lives: Work, Politics, Nature, and Health in the Contemporary United States

By Robert Chernomas, Ian Hudson, Mark Hudson

Book cover of Neoliberal Lives: Work, Politics, Nature, and Health in the Contemporary United States

What is my book about?

In Neoliberal Lives we decided to write a different kind of book one which not only contained an overview of Neoliberalism but the changes that took place in the lives of Americans at work, their income and wealth share, debt levels, schools, hospitals, environment, political capacity, and perspective. After all the Business Roundtable established in the 1970s representing what some would call a more organized American oligarchy set out to change the rules the rest of us live by and were remarkably successful in what alternatively has been called the new Gilded Age. As Warren Buffet made clear “it’s class warfare and my side is winning.” We set out to examine the interconnected results.

Out of the Pits

By Caitlin Zaloom,

Book cover of Out of the Pits: Traders and Technology from Chicago to London

Chicago’s famous ‘open-outcry’ trading pits were packed with hundreds of traders making deals with each other using eye contact and hand signals, or simply shouting out their bids and offers. Anthropologist Caitlin Zaloom did something quite extraordinary. She studied these pits ‘from the inside’ (as a trader’s clerk) and then went on to examine the electronic trading that was starting to replace them – herself becoming a trader. Her book represents anthropology at its most skilled and offers a fascinating glimpse of the lost world of face-to-face trading (nearly all of Chicago’s pits are now closed). 

I researched Chicago’s pits myself in the years in which they still flourished, but not in the depth that Zaloom achieved. I’m in awe of her fabulous fieldwork.

Out of the Pits

By Caitlin Zaloom,

Why should I read it?

1 author picked Out of the Pits as one of their favorite books, and they share why you should read it.

What is this book about?

In "Out of the Pits", Caitlin Zaloom shows how traders, brokers, and global financial markets have adapted to the digital age. Drawing on her firsthand experiences as a clerk and a trader, as well as her unusual access to key sites of global finance, she explains how changes at the world's leading financial exchanges have transformed economic cultures and the craft of speculation; how people and places are responding to the digital transition; how traders are remaking themselves to compete in the contemporary marketplace; and how brokers, business managers, and software designers are collaborating to build new markets. A penetrating…

Who am I?

I'm a sociologist at the University of Edinburgh, and for almost fifty years I’ve researched a large variety of topics, from the story of the guidance systems of nuclear missiles to the instantaneous auctions that, today, determine the ads you are shown online. But I keep returning to the topic of trading and the global financial system. The processes that lie behind this shape our lives in profound ways, but they are often both complicated and opaque. We need reliable guides for them, and the authors and books that I am recommending are among the very best guides!


I wrote...

Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets

By Donald Angus MacKenzie,

Book cover of Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets

What is my book about?

In today’s financial markets, trading floors on which brokers buy and sell shares face-to-face have been replaced by lightning-fast electronic systems that use algorithms to execute astounding volumes of transactions. Trading at the Speed of Light tells the story of this epic transformation. MacKenzie shows how in the 1990s, in what were then the disreputable margins of the financial system, a new approach to trading—automated high-frequency trading or HFT—began and then spread globally. HFT has brought new efficiency to trading, but has also created an unrelenting race for speed, leading to a systematic, subterranean battle among HFT algorithms.

Trading at the Speed of Light offers a unique glimpse into HFT’s influence on global finance and where it could lead us in the future.

The Color of Money

By Mehrsa Baradaran,

Book cover of The Color of Money: Black Banks and the Racial Wealth Gap

This is one of my all-time favorite books! It was given to me by my nephew Kareem, in 2018. I have read it cover to cover, twice. My handwritten notes are on over 50% of the pages. 

The research that Baradarian put into this book is unparalleled. The book is chockful of facts and data that I never knew about Black history. For example, her research uncovered the fact that the forty acres of land that were to go to the 4 million formerly enslaved Black people after the Civil War was to be sold, not given to Blacks at $1.25 per acre. 

This book is filled with an abundance of typically unknown data, as she admirably tells the history of Blacks in America, through the Black banking industry’s chronicles. 

In the spirit of full transparency, my love for this book preceded the 2019 interview that I did of Baradarian…

The Color of Money

By Mehrsa Baradaran,

Why should I read it?

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

What is this book about?

"Read this book. It explains so much about the moment...Beautiful, heartbreaking work."
-Ta-Nehisi Coates

"A deep accounting of how America got to a point where a median white family has 13 times more wealth than the median black family."
-The Atlantic

"Extraordinary...Baradaran focuses on a part of the American story that's often ignored: the way African Americans were locked out of the financial engines that create wealth in America."
-Ezra Klein

When the Emancipation Proclamation was signed in 1863, the black community owned less than 1 percent of the total wealth in America. More than 150 years later, that number…


Who am I?

Steven Rogers is a retired professor from Harvard Business School (HBS) where he created a new course titled, “Black Business Leaders and Entrepreneurship.” He has written more HBS case studies with Black protagonists than anyone in the world. He is an HBS and Williams College alum. He majored in Black history. He has taught at the Kellogg School of Management at Northwestern University, and West Point U.S. Military Academy. He has published 3 books including Entrepreneurial Finance (4 editions), Successful Black Entrepreneurs, and A Letter to my White Friends and Colleagues: What You Can Do Now to Help the Black Community.


I wrote...

A Letter to My White Friends and Colleagues: What You Can Do Right Now to Help the Black Community

By Steven Rogers,

Book cover of A Letter to My White Friends and Colleagues: What You Can Do Right Now to Help the Black Community

What is my book about?

The wealth disparity was created by 3 major government policies that were designed to enrich Whites while simultaneously impoverishing Blacks. My thesis is that White wealth creation was subsidized by Federal and State public policy including 246 years of Black enslavement, followed by 60 years of Black Codes and Vagrancy laws, followed by 40 years of real estate redlining. The result is that one-third of Blacks have negative net worth, and the average White high school drop-out has a greater net worth than the average Black person with a college degree. 

My book is chockful of data, facts, anecdotes, and research designed to educate and inform the reader. After George Floyd was murdered in 2020, many Whites asked “what can I do?” This book gives distinctive and clear answers.

Book cover of Statistics and Data Analysis for Financial Engineering: With R Examples

I have used this book to teach my Financial Risk Analytics course at Northwestern University for many years. As a textbook, it is surprisingly easy to read, and the abundant exercises are great. This would be a foundational text to read after you have read my own books. It puts you on solid ground to understand all the financial babble that you may read elsewhere. It includes extensive coverage of most basic topics important to a serious quantitative trader, while not being overly mathematical. Easily understandable if you have basic programming and math background from first year of university.

Everything is practical in this book, which isn’t what you would expect from a textbook! There is no math for math’s sake. I have used the techniques discussed in this book for real trading, and for creating features at my machine learning SaaS predictnow.ai. Examples: What’s the difference between net…

Statistics and Data Analysis for Financial Engineering

By David Ruppert, David S. Matteson,

Why should I read it?

1 author picked Statistics and Data Analysis for Financial Engineering as one of their favorite books, and they share why you should read it.

What is this book about?

The new edition of this influential textbook, geared towards graduate or advanced undergraduate students, teaches the statistics necessary for financial engineering. In doing so, it illustrates concepts using financial markets and economic data, R Labs with real-data exercises, and graphical and analytic methods for modeling and diagnosing modeling errors. These methods are critical because financial engineers now have access to enormous quantities of data. To make use of this data, the powerful methods in this book for working with quantitative information, particularly about volatility and risks, are essential. Strengths of this fully-revised edition include major additions to the R code…


Who am I?

A noted quantitative hedge fund manager and quant finance author, Ernie is the founder of QTS Capital Management and Predictnow.ai. Previously he has applied his expertise in machine learning at IBM T.J. Watson Research Center’s Human Language Technologies group, at Morgan Stanley’s Data Mining and Artificial Intelligence Group, and at Credit Suisse’s Horizon Trading Group. Ernie was quoted by Bloomberg, the Wall Street Journal, New York Times, Forbes, and the CIO magazine, and interviewed on CNBC’s Closing Bell program. He is an adjunct faculty at Northwestern University’s Master’s in Data Science program and supervises student theses there. Ernie holds a Ph.D. in theoretical physics from Cornell University.


I wrote...

Quantitative Trading: How to Build Your Own Algorithmic Trading Business

By Ernest P. Chan,

Book cover of Quantitative Trading: How to Build Your Own Algorithmic Trading Business

What is my book about?

Can a robot take over your trading while you sip Tequila at the poolside? This book will show you how. You only need rudimentary programming skills, a tiny dose of math, and a healthy dose of grit.

In the newly revised Second Edition of Quantitative Trading: How to Build Your Own Algorithmic Trading Business, I show you how to apply both time-tested and novel quantitative trading strategies. You’ll discover new case studies and updated information on the application of cutting-edge machine learning investment techniques, as well as updated back tests on a variety of trading strategies, which included Matlab, Python, and R code examples. You will also find a guide to selecting the best traders and advisors to manage your money.

Book cover of Your Money and Your Brain: How the New Science of Neuroeconomics Can Help Make You Rich

Financial journalist Jason Zweig shows how the young field of neuroeconomics explains the biological factors underlying smart people’s irrational investment decisions. For example, brain scans show that the fear center lights up when investors consider putting money into foreign stocks, despite the demonstrated value of international diversification. Also to their detriment, investors perceive patterns of returns where none exist. It’s imperative to understand these cognitive errors to get proper control over investments.   

Your Money and Your Brain

By Jason Zweig,

Why should I read it?

1 author picked Your Money and Your Brain as one of their favorite books, and they share why you should read it.

What is this book about?

Synopsis coming soon.......

Who am I?

I’m a money manager for high-net-worth individuals. During my Wall Street years, I was ranked number one in my category in the Institutional Investor All America Research Survey for nine consecutive years. The CFA Society New York presented me its Ben Graham Award in 2017. I’ve served as a governor of the CFA Institute and consultant to the Federal Reserve Board of Governors. My writings have appeared in the Wall Street Journal, Barron’s, the Financial Times, and various scholarly journals. I live in New York City with my wife, musicologist Elaine Sisman. We have two children and five grandchildren.


I wrote...

Investment Illusions: A Savvy Wall Street Pro Explores Popular Misconceptions About the Markets

By Martin S. Fridson,

Book cover of Investment Illusions: A Savvy Wall Street Pro Explores Popular Misconceptions About the Markets

What is my book about?

I set out to help investors succeed by separating illusion from reality. Investment Illusions exposes the fallacies of reflexive contrarianism, putting faith in “hot” stock pickers, and trying to beat the market by predicting the economy’s direction. The book also alerts readers to a variety of scams, some of which operate legally and in plain sight without being widely recognized as flimflams.

In addition, I highlight certain shortcomings of corporate communications with investors, audited financial statements, mutual fund performance rankings, financial journalism—and books about investing. Along the way, Investment Illusions explains why market curmudgeons’ favorite story of out-of-control speculation, the Tulipmania incident, is almost universally misunderstood. When it comes to financial markets, avoiding avoidable mistakes can pay off more richly than obtaining unique insights.

Or, view all 11 books about funding

New book lists related to funding

All book lists related to funding

Bookshelves related to funding