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Goldman Sachs’ Favorite Books List – FICC & Equities

Goldman Sachs’ Favorite Books List

Goldman Sachs put together a list of the best books and it is impressive and long – unfortunately it is hard to sift through since it just has the title and the author without any information on the book so we are helping you out by filing in that info. If you want to find the full list go here we also list it below at the bottom along with descriptions. Note: we do not endorse the short term trading strategies (well we really do not officially endorse anything) but to keep the list complete we have included all descriptions of books below. Because this is lengthy we will be breaking them up by section so stay tuned for more!- which brings to Industry Background and Flavor – there are some real classics in here and a few lesser known names and many of the books only cost a few pennies from Amazon and even with shipping will cost you less than $5 TOTAL, a bunch only cost a penny plus a few dollars shipping – so make sure to check them out!!

Also see Bill Gates: 5 Books To Read This Summer Also see Written About, By or For Money Managers and Traders -> here Also see Goldman Sachs’ Recommended Reading List – Industry Background and Flavor Part I Goldman Sachs’ Recommended Reading List – Industry Background and Flavor Part II

Goldman Sachs reading list sections

Written About, By or For Money Managers and Traders
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Industry Background and Flavor Broad Industry History

Analytical and Reference

Periodicals

  • Wall Street Journal (daily, Monday through Friday)
  • Barron’s (weekly publication)
General IMD FICC & Equities Options/Derivatives

Goldman Sachs’ Favorite Books List – FICC & Equities

The Bond Book, Third Edition: Everything Investors Need to Know About Treasuries, Municipals, GNMAs, Corporates, Zeros, Bond Funds, Money Market Funds, and More by Annette Thau

Everything on Treasuries, munis, bond funds, and more!

The bond buyer’s answer book—updated for the new economy

“As in the first two editions, this third edition of The Bond Book continues to be the ideal reference for the individual investor. It has all the necessary details, well explained and illustrated without excessive mathematics. In addition to providing this essential content, it is extremely well written.”
—James B. Cloonan, Chairman, American Association of Individual Investors

“Annette Thau makes the bond market interesting, approachable, and clear. As much as investors will continue to depend on fixed-income securities during their retirement years, they’ll need an insightful guide that ensures they’re appropriately educated and served. The Bond Book does just that.”
—Jeff Tjornejoh, Research Director, U.S. and Canada, Lipper, Thomson Reuters

“Not only a practical and easy-to-understand guide for the novice, but also a comprehensive reference for professionals. Annette Thau provides the steps to climb to the top of the bond investment ladder. The Bond Book should be a permanent fixture in any investment library!”
—Thomas J. Herzfeld, President, Thomas Herzfeld Advisors, Inc.

“If the financial crisis of recent years has taught us anything, it’s buyer beware. Fact is, bonds can be just as risky as stocks. That’s why Annette Thau’s new edition of The Bond Book is essential reading for investors who want to know exactly what’s in their portfolios. It also serves as an excellent guide for those of us who are getting older and need to diversify into fixed income.”
—Jean Gruss, Southwest Florida Editor, Gulf Coast Business Review, and former Managing Editor, Kiplinger’s Retirement Report

About the Book

The financial crisis of 2008 caused major disruptions to every sector of the bond market and left even the savviest investors confused about the safety of their investments. To serve these investors and anyone looking to explore opportunities in fixed-income investing, former bond analyst Annette Thau builds on the features and authority that made the first two editions bestsellers in the thoroughly revised, updated, and expanded third edition of The Bond Book.

This is a one-stop resource for both seasoned bond investors looking for the latest information on the fixed-income market and equities investors planning to diversify their holdings. Writing in plain English, Thau presents cutting-edge strategies for making the best bond-investing decisions, while explaining how to assess risks and opportunities. She also includes up-to-date listings of online resources with bond prices and other information. Look to this all-in-one guide for information on such critical topics as:

  • Buying individual bonds or bond funds
  • The ins and outs of open-end funds, closed-end funds, and exchangetraded funds (ETFs)
  • The new landscape for municipal bonds: the changed rating scales, the near demise of bond insurance, and Build America Bonds (BABs)
  • The safest bond funds
  • Junk bonds (and emerging market bonds)
  • Buying Treasuries without paying a commission

From how bonds work to how to buy and sell them to what to expect from them, The Bond Book, third edition, is a must-read for individual investors and financial advisers who want to enhance the fixed-income allocation of their portfolios.

The Most Powerful Bank: Inside Germany’s Bundesbank by David Marsh

The author of The Germans provides an insider’s look into “the bank that rules Europe,” including the social history and the impact of the bank on the American economy. 17,500 first printing. First serial, International Economy. Tour.

Reviews

From Library Journal

The story of a harmless joke played on a Bundesbank director by the Financial Times , for which Marsh ( The Germans , LJ 9/15/90) was a correspondent, opens this thorough and well-written history of the Bank in Germany. Created by the United States and Britain after World War II, the Bundesbank has grown into a major world financial power. Though it is compelling as a history alone, the value of this book is amplified by Marsh’s discussions of European unity and the future of the European Monetary Unit and its impact on banking globally. The book is extensively footnoted, with a bibliography of mostly German titles. Recommended for all economics and international business collections.
– Lisa K. Miller, American Graduate Sch. of International Management Lib., Glendale, Ariz.
Copyright 1993 Reed Business Information, Inc.

From Kirkus Reviews

A savvy audit of the Bundesbank, which, the author observes, “has replaced the Wehrmacht as Germany’s best-known and most feared institution.” Marsh (chief European correspondent for London’s Financial Times; The Germans, 1990) offers an accessible, often absorbing, appraisal of the Federal Republic’s Frankfurt-based central bank, whose “anti-inflationary rectitude” has made it a power to be reckoned with in global finance. After a chatty briefing on those now running the show, the author provides a detailed rundown on the Bundesbank’s predecessors, most notably the Reichsbank that was put out of business in 1945. Allied forces created a transitional replacement in what was then West Germany; in 1957, Bonn established the Bundesbank as a politically independent entity that, at least in theory, isn’t accountable to other agencies of federal or state government. Given its role as guardian of the deutsche mark, its statutory right to set interest rates, and Germany’s post-WW II emergence as an economic colossus, the Bundesbank wields unrivaled influence over domestic policy. In turn, the strength of the D-mark has given the FRB-like institution worldwide clout. But although invariably effective, the Bundesbank is by no means infallible, and Marsh leaves little doubt that great demands will be placed on its capacities in the period immediately ahead–in particular, he cites the challenges posed by German reunification and by the integration of Europe’s monetary systems. The author is more sanguine about the bank’s ability to unify a formerly partitioned Fatherland than about its willingness to support a union in which EC counterparts might not be as committed to currency stability as the Bundesbank is. A perceptive evaluation of a pivotal financial institution that’s been overtaken by events it helped precipitate. — Copyright ©1993, Kirkus Associates, LP. All rights reserved.

Controlling & Managing Interest Rate Risk by Anthony G. Cornyn and Robert A. Klein

No description available.

The Handbook of Fixed Income Securities by Frank J. Fabozzi

The Definitive Guide to Fixed Income Securities?Revised and Updated for the New Era of Investing

For decades, The Handbook of Fixed Income Securities has been the most trusted resource in the world for fixed income investing. Since the publication of the last edition, however, the financial markets have experienced major upheavals, introducing dramatic new opportunities and risks.

This completely revised and expanded eighth edition contains 31 new chapters that bring you up to date on the latest products, analytical tools, methodologies, and strategies for identifying and capitalizing on the potential of the fixed income securities market in order to enhance returns. Among the world’s leading authorities on the subject, Frank J. Fabozzi, along with Steven V. Mann, has gathered a powerful global team of leading experts to provide you with the newest and best techniques for taking advantage of this market. New topics include:

  • Electronic trading
  • Macro-economic dynamics and the corporate bond market
  • Leveraged loans
  • Structured and credit-linked notes
  • Exchange-traded funds
  • Covered bonds
  • Collateralized loan obligations
  • Risk analysis from multifactor fixed income models
  • High-yield bond portfolio management
  • Distressed structured credit securities
  • Hedge fund fixed income strategies
  • Credit derivatives valuation and risk
  • Tail risk hedging
  • Principles of performance attribution

Invaluable for its theoretical insights, unsurpassed in its hands-on guidance, and unequaled in the expertise and authority of its contributors, this all-new edition of The Handbook of Fixed Income Securities delivers the information and knowledge you need to stay on top of the market and ahead of the curve.

Review – From the Back Cover

The Handbook of Fixed Income Securities is the investing industry’s most trusted, widely followed fixed income reference. For nearly three decades, investors have been drawn to its unparalleled scope, detail, and expertise.

Now, the world’s most authoritative fixed income resource has been updated with facts and formulas to help you better analyze, value, and manage fixed income instruments and their derivatives in today’s evolving marketplace. This thoroughly revised eighth edition includes detailed discussions of:

  • Types, features, and uses of fixed income securities
  • Active and structured portfolio management strategies
  • Basics of fixed income analytics, from bond pricing to price volatility measures
  • Risks and risk control strategies
  • Portfolio management applications of interest rates and credit derivatives
  • Asset-backed securities, collateralized debt obligations, and innovative fixed income applications
  • Convertible securities and their investment application

The Handbook of Fixed Income Securities is the most inclusive, up-to-date source available for fixed income facts and analyses. Its valuable perspective and insights will help you enhance investment returns and avoid poor performance in the fixed income market.

The Money Market by Marcia Stigum

The Most Widely Read Work on the Subject _ Completely Updated to Cover the Latest Developments and Advances In Today’s Money Market!

First published in 1978, Stigum’s Money Market was hailed as a landmark work by leaders of the financial, business, and investment communities. This classic reference has now been revised, updated, and expanded to help a new generation of Wall Street money managers and institutional investors.

The Fourth Edition of Stigum’s Money Market delivers an all-encompassing, cohesive view of the vast and complex money market…offers careful analyses of the growth and changes the market has undergone in recent years…and presents detailed answers to the full range of money market questions.

Stigum’s Money Market equips readers with:

  • A complete overview of the large and ever-expanding money market arena
  • Quick-access to every key aspect of the fixed-income market
  • A thorough updating of information on the banking system
  • Incisive accounts of money market fundamentals and all the key players
  • In-depth coverage of the markets themselves, including federal funds, government securities, financial futures, Treasury bond and note futures, options, euros, interest rate swaps, CDs, commercial paper, and more
  • Expert discussions of the Federal Reserve, the Internet and electronic trading, and the new roles of commercial banks and federal agencies

This updated classic also includes hundreds of helpful new illustrations and calculations, together with an improved format that gives readers quick access to every major topic relating to the fixed-income market.

Review – From the Back Cover

[Stigum & Crescenzi: Stigum’s Money Market, 4E, 0-07-144845-4, Back Cover Copy]

The Most Widely Read Work on the Subject _ Completely Updated to Cover the Latest Developments and Advances In Today’s Money Market!

First published in 1978, Stigum’s Money Market was hailed as a landmark work by leaders of the financial, business, and investment communities. This classic reference has now been revised, updated, and expanded to help a new generation of Wall Street money managers and institutional investors.

The Fourth Edition of Stigum’s Money Market delivers an all-encompassing, cohesive view of the vast and complex money market…offers careful analyses of the growth and changes the market has undergone in recent years…and presents detailed answers to the full range of money market questions.

Filled with new illustrations and calculations, Stigum’s Money Market equips readers with:

  • A complete overview of the large and ever-expanding money market arena
  • Quick-access to every key aspect of the fixed-income market
  • A thorough updating of information on the banking system
  • Incisive accounts of money market fundamentals and all the key players
  • In-depth coverage of the markets themselves, including federal funds, government securities, financial futures, Treasury bond and note futures, options, euros, interest rate swaps, CDs, commercial paper, and more
  • Expert discussions of the Federal Reserve, the Internet and electronic trading, and the new roles of commercial banks and federal agencies

[Flap Copy]

The Fourth Edition of Stigum’s Money Market has been completely revised and expanded to arm money managers and institutional investors with the tools and techniques they need to succeed in the lucrative money market arena and in other segments of the bond market.

Readers will find an unmatched account of today’s banking system, together with timely information on the role of the Fed…the Internet and electronic trading… the new roles of commercial banks and federal agencies …and much more.

This all-new Stigum’s Money Market features in-depth coverage of:

  • Money Market Fundamentals_explaining funds flows, banks, and money creation; the instruments in brief; discount and interest-bearing securities; and duration and convexity
  • The Major Players_examining domestic and European bank operations; the Treasury and federal agencies; the Fed; dealers; and investors
  • The Markets_exploring the Federal funds market; the repo and reverse markets; government and federal agency securities; financial futures; Treasury bond and note futures; options in the fixed-income world; euros; interest rate swaps; certificates of deposit; bankers’ acceptance; commercial paper; bank sales of loan participations; medium-term notes; money market funds; and municipal notes

This updated classic also includes hundreds of helpful new illustrations and calculations, together with an improved format that gives readers quick access to every major topic relating to the fixed-income market.

Still the most authoritative and comprehensive reference in the field, Stigum’s Money Market, Fourth Edition, continues its great tradition of offering financial professionals the background and analytical skills required to take advantage of the investment potential inherent in the money market.

Money Market Bond Calculations by Marcia Stigum

The long-awaited companion to The Money Market, Money Market and Bond Calculations is the first book to give precise and thorough explanations for valuing fixed-income instruments throughout the world. Among the many topics covered: Discount paper; Interest-payment and day-count conventions; Interest-bearing paper; Comparing rates on a directly equivalent basis; Zero-coupon bonds; Floating-rate instruments; Floating rate notes; The measure of bond yield; Duration; covered interest arbitrage; Payment in kind (PIK) bonds.

Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment by David F. Swensen

An indispensable roadmap for creating a successful investment program from Yale’s chief investment officer, David F. Swensen.

In the years since the now-classic Pioneering Portfolio Management was first published, the global investment landscape has changed dramatically — but the results of David Swensen’s investment strategy for the Yale University endowment have remained as impressive as ever. Year after year, Yale’s portfolio has trumped the marketplace by a wide margin, and, with over $20 billion added to the endowment under his twenty-three-year tenure, Swensen has contributed more to Yale’s finances than anyone ever has to any university in the country. What may have seemed like one among many success stories in the era before the Internet bubble burst emerges now as a completely unprecedented institutional investment achievement.

In this fully revised and updated edition, Swensen, author of the bestselling personal finance guide Unconventional Success, describes the investment process that underpins Yale’s endowment. He provides lucid and penetrating insight into the world of institutional funds management, illuminating topics ranging from asset-allocation structures to active fund management. Swensen employs an array of vivid real-world examples, many drawn from his own formidable experience, to address critical concepts such as handling risk, selecting advisors, and weathering market pitfalls.

Swensen offers clear and incisive advice, especially when describing a counterintuitive path. Conventional investing too often leads to buying high and selling low. Trust is more important than flash-in-the-pan success. Expertise, fortitude, and the long view produce positive results where gimmicks and trend following do not.

The original Pioneering Portfolio Management outlined a commonsense template for structuring a well-diversified equity-oriented portfolio. This new edition provides fund managers and students of the market an up-to-date guide for actively managed investment portfolios.

Review

Peter L. Bernstein, President Peter L. Bernstein, Inc. This book will be a classic: it is essential reading for all investors, great and small. David Swensen is a leader and pioneer whose words reveal a rare combination of courage, integrity, and intelligence. No one can fail to find value here.

Jack R. Meyer, President and CEO,

Harvard Management Company, Inc.

A masterful work by the master himself. We at Harvard wish that David Swensen would find a new job.

Barton M. Biggs, Chairman,

Morgan Stanley Dean Witter Investment Management

David Swensen is one of the best and most original fiduciaries of modern times. His thinking has survived the battlefields and it has worked for big money.

Burton G. Malkiel, Chemical Bank

Chairman’s Professor of Economics, Princeton University

One of the world’s most successful institutional fund managers presents powerful insights to help us become better investors. A must-read for both institutional and serious individual investors.

Peter L. Bernstein, President

Peter L. Bernstein, Inc.

This book will be a classic: it is essential reading for all investors, great and small. David Swensen is a leader and pioneer whose words reveal a rare combination of courage, integrity, and intelligence. No one can fail to find value here.

Richard C. Levin

F.W. Beinecke Professor of Economics and President, Yale University

David Swensen’s creative and disciplined approach to investment has given Yale the resources it needs to augment its capacity for excellence in scholarship and teaching. Those who absorb the wisdom in this book will likewise strengthen the institutions they serve.

Jack R. Meyer, President and CEO, Harvard Management Company, Inc. A masterful work by the master himself. We at Harvard wish that David Swensen would find a new job.

Burton G. Malkiel, Chemical Bank Chairman’s Professor of Economics, Princeton University One of the world’s most successful institutional fund managers presents powerful insights to help us become better investors. A must-read for both institutional and serious individual investors.

Barton M. Biggs, Chairman, Morgan Stanley Dean Witter Investment Management David Swensen is one of the best and most original fiduciaries of modern times. His thinking has survived the battlefields and it has worked for big money.

Richard C. Levin F.W. Beinecke Professor of Economics and President, Yale University David Swensen’s creative and disciplined approach to investment has given Yale the resources it needs to augment its capacity for excellence in scholarship and teaching. Those who absorb the wisdom in this book will likewise strengthen the institutions they serve.

Goldman Sachs' Favorite Books List - FICC & Equities
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