Books with trading/investing case studies
Books with trading/investing case studies
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Andrew · External communityPost link
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Author: Andrew
Original post: https://money.stackexchange.com/questions/164232
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I'm interested in books (or similar resources) with detailed case studies in trading or investing. I.e. cases in the past where someone found an opportunity, executed a strategy, and saw the results. Ideally some cases where the strategy lost money too.
So far I've identified "Inside the Investments of Warren Buffett" by Lu and "The Alchemy of Finance" by Soros. There were also some cases from Jane Street in the book "Going Infinite" by Lewis.
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Cyril Frébel · External communityPost link
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Author: Cyril Frébel
Original post: https://money.stackexchange.com/a/166441
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You should read The Intelligent Investor by Benjamin Graham if you haven't already. This should probably be at the top of your list.
Graham doesn't just give you theory - he walks through actual case studies and real examples of how his value investing principles played out. He breaks down specific companies he analyzed, shows you the numbers he looked at, and explains why certain picks worked or failed.
The commentary by Jason Zweig in the newer editions adds more recent examples and shows how Graham's principles performed in modern market conditions.
Since you mentioned Buffett - Graham was his professor and mentor at Columbia. So you're getting the foundational approach that Buffett built his entire investment philosophy on.
Fair warning - it's not as narrative-driven as some of the books you mentioned, so it's a bit more of a technical read. But if you want detailed case studies with actual numbers and clear methodologies, this is essential reading.
I'd recommend getting the revised edition with Zweig's commentary.
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Bob Baerker · External communityPost link
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Author: Bob Baerker
Original post: https://money.stackexchange.com/a/166465
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"The Big Short" by Michael Lewis is a great read about the lead up to the housing bubble during the 2000s. It describes some of the main players involved in the creation of the credit default swap market as well as those who bet against the collateralized debt obligation bubble circa 2007 and massively profited from the 2008 financial crisis.
In particular, it highlights the analysis of Michael Burry who correctly predicted that the real estate bubble would collapse. Based on his research of residential real estate, it convinced him that subprime mortgages, particularly those with adjustable rates, and the bonds based on these mortgages, would lose significant value when rates increased. This led him to short the market by persuading investment firms to sell him credit default swaps on subprime mortgages. He made a personal profit of $100 million and a profit of more than $700 for his investors. Also highlighted were some of the people who incurred the biggest losses in the market crash.
I found the book easy to read and it clearly explained some subprime concepts I had previous trouble understanding. FWIW, the movie was really 'dumbed down'.
Though not an easy one, another good read is "The Rise and Fall of Bear Stearns" by Alan C. "Ace" Greenberg who was a former CEO of the firm.
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Quoted from Forex.com.bd-Editorial External answer — Personal Finance Stack Exchange Author: Bob Baerker Source score (net votes, not local likes): 1 Original post: https://money.stackexchange.com/a/166465 License: CC BY-SA 4.0 — https://creativecommons.org/licenses/by-sa/4.0/ Adaptation: HTML converted to plain text; contact email addresses removed. "The Big Short" by Michael Lewis is a great read about the lead up to the housing bubble during the 2000s. It describes some of the main players involved in the creation of the credit default swap market as well as those who bet against the collateralized debt obligation bubble circa 2007 and massively profited from the 2008 financial crisis. In particular, it highlights the analysis of Michael Burry who correctly predicted that the real estate bubble would collapse. Based on his research of residential real estate, it convinced him that subprime mortgages, particularly those with adjustable rates, and the bonds based on these mortgages, would lose significant value when rates increased. This led him to short the market by persuading investment firms to sell him credit default swaps on subprime mortgages. He made a personal profit of $100 million and a profit of more than $700 for his investors. Also highlighted were some of the people who incurred the biggest losses in the market crash. I found the book easy to read and it clearly explained some subprime concepts I had previous trouble understanding. FWIW, the movie was really 'dumbed down'. Though not an easy one, another good read is "The Rise and Fall of Bear Stearns" by Alan C. "Ace" Greenberg who was a former CEO of the firm.
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