Updates

  1. Person pages list letters, writing, profiles and links as sortable tables with filters, and show each person's companies as links; Fund letters show each letter's description in its own column.
  2. Experts show a checked job title and a short description of each person; 30 more people have photographs.
  3. Every company, fund, university and publication the experts work for has a page listing the people there.
  4. Fund letters show each letter's thesis and filter by it; 225 person pages list the essays, columns and newsletter issues the person wrote.
  5. Person pages list every essay and newsletter issue a person wrote, and their own books as a table in List view.
  6. Recommends shows the five largest kinds of book and the rest under More; browse pictures load sooner.
  7. Podcasts and talks link the original episode, filter by Audio and video or Press, and list each publisher once.
  8. Pages are wider, Recommends has List and Grid, and a filter clicked again turns off.
  9. Book cards sit in a ruled grid with Open Library and Goodreads links and each book's one-line note.
  10. Funds is now Investors; each investor's styles are buttons that filter the table.
  11. Podcasts and talks on a person's page filter by year and publisher and show as a list or a grid of pictures.
  12. Quotes show only people's own words: 472 summaries written by list sites are gone.
  13. Country pages open from Browse again, and every link on the shelf lands on a page.
  14. Subject and person pages show their sections as tabs, and each book appears once on a person's page.
  15. Book cards show the quote, who said it and the source; grids show five cards to a row.
  16. On a phone, a menu holds the sections, search, Updates, Feedback and dark mode.
  17. Feedback takes a screenshot of the page with no browser prompt, opens a screenshot full size when you click it, and clears itself once sent.
  18. Book cards are centred, search names the topic each book sits in, and any text cut short shows whole on hover.
  19. Search groups its results by kind: people, companies, geographies, subjects, topics, books, funds, fund letters and papers.
  20. The Books table lists who recommended each book by name, and the browser tab names the section you are in.
  21. Feedback can take a screenshot of the page, or one you paste or choose, and opens in the corner beside Updates.
  22. Each rail button reopens its section where you left it, and Browse, Table and People show on every book and subject page.
  23. Filters grey out choices that hold nothing instead of hiding them, and Books › People filters by authors or recommenders.
  24. Feedback takes a subject line and up to three screenshots.
  25. Biographies are grouped by the person they are about: 41 new pages, from Abraham Lincoln to Lee Kuan Yew.
  26. Sport splits into 23 sports, and Religion into one topic per faith.
  27. Book lists show as cards: the cover, one recommendation quote and every recommender by name.
  28. Seventeen subjects that had two or three pages under different names now have one page each.
  29. Every page lists its Experts as authors and recommenders, with a link to them on the Experts tab.
  30. Economics, Financial history, Financial panics and Accounting are subjects of their own, with one page per financial crisis.
  31. Book, person and subject pages open inside the app, so the tabs stay in view.
  32. 996 more book covers, and photographs or logos for 227 more people and companies.
  33. Books › Browse shows every subject as cards, and the rail holds Fund letters, Papers, Experts, Books and Funds.
  34. Every topic over 150 books splits into narrower topics, each with a page of its own.

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BF

Bankers, financiers and Wall Street firms

Histories of banking houses such as Morgan, Rothschild, Goldman Sachs and Lazard, and of the dealmakers, raiders and traders of Wall Street and the City.

Start here

  1. Morgan: American FinancierJean Strouse, 1999
  2. Other People's Money and How the Bankers Use ItLouis D. Brandeis, 1914
  3. The Great Pierpont MorganFrederick Lewis Allen, 1949
  4. The Go-Go YearsJohn Brooks, 1973
  5. The Morgans: Private International Bankers, 1854-1913Vincent P. Carosso, 1987
Jean Strouse · 1999

J. Pierpont Morgan's life, drawn from family and business papers others had not used.

Louis D. Brandeis · 1914

How bankers used depositors' money to control industry, from the Pujo inquiry.

Frederick Lewis Allen · 1949

J. P. Morgan from the Civil War to 1913: railroads, US Steel and rescues.

John Brooks · 1973

Wall Street in the 1960s: performance funds, conglomerates and the paperwork crisis.

“Both books are outstanding histories of Rockefeller and Standard Oil and then of the booming 1960s.” — Christopher Bloomstran

Source: Semper Augustus 2022 Letter to Clients, 'Books and Stuff', p. 75

Recommended by: Christopher Bloomstran, Mohnish Pabrai

Vincent P. Carosso · 1987

The House of Morgan from Peabody's London firm to J. Pierpont Morgan's death in 1913.

Tim Parks · 2005

The Medici bank from its 1397 founding to its 1494 collapse.

Dan Reingold, Jennifer Reingold · 2006

A telecom analyst on the conflicts of interest in research during the 1990s bubble.

Mauro F. Guillen, Adrian Tschoegl · 2008

How Banco Santander grew from a Spanish regional bank into a global one.

Duff McDonald · 2009

Jamie Dimon's career and how JPMorgan Chase came through the 2008 crisis.

Robert Sobel · 1986

Commissioned institutional history, written before the fall.

Moira Johnston · 1986

Contemporary reporting on the raiders, including his Phillips Petroleum fight.

Glenn Yago · 1990

The revisionist defence of high yield as a financing innovation.

Fenton Bailey · 1991

British view of Drexel; more interested in the instrument than the man.

Jon Friedman, John Meehan · 1992

The Robinson years, Shearson, and the boardroom unravelling.

David Kynaston · 1994

The four-volume history of the world's oldest continuous financial centre.

Philip Augar · 2000

How Big Bang handed the City's investment banks to foreign owners.

Charles R. Geisst · 2004

A single-volume history of Wall Street and its institutions.

Philip Augar · 2005

How the integrated investment bank extracts its economics from clients.

Peter Chapman · 2010

The long institutional history, cotton broker to bankruptcy.

Alan C. Greenberg, Mark Singer · 2010

Memoir by the firm's longtime chairman 'Ace' Greenberg.

Steven G. Mandis · 2013

Ex-banker turned sociologist on organizational drift.

Kate Kelly · 2014

Commodity desks at banks and funds after the 2008 boom.

David Kynaston, Richard Roberts · 2015

Authorised modern history of HSBC, the territory's dominant financial institution.

Philip Augar · 2018

Barclays' thirty-year attempt to become a global investment bank.

John Brooks Schroeder · 1987

Recommended by: Mohnish Pabrai

Connie Bruck · 1988

How Milken's Drexel junk-bond desk financed the 1980s buyouts and hostile takeovers.

Recommended by: Mohnish Pabrai

Michael Lewis · 1989

Life on Salomon Brothers' bond trading floor in the 1980s mortgage-bond boom.

“I do believe, as Michael Lewis writes in his intriguing 1989 book, "Liar's Poker," that it is unlikely that an individual unable to buck convention in one's life will suddenly be able to buck…” — Michael Burry

Source: MSN Money Strategy Lab journal, March 2, 2001 — archived

Recommended by: Michael Burry, Mohnish Pabrai, Nat Eliason and 3 others

Bryan Burrough, John Helyar · 1990

The 1988 bidding war for RJR Nabisco, the largest leveraged buyout to that date.

Ron Chernow · 1990

The Morgan banks from 1830s London to J.P. Morgan and Morgan Stanley in the 1980s.

Recommended by: Mohnish Pabrai, Paul Graham

Al Alletzhauser · 1990

The inside story of Nomura, the Japanese securities house.

Recommended by: Mohnish Pabrai

Michael Lewis · 1991

Collected 1980s finance essays

Ron Chernow · 1993

Two centuries of a Jewish banking family from Hamburg to London and New York.

Recommended by: Mohnish Pabrai

Stephen Aris · 1994

Commissioned history, written long before the run.

Connie Bruck · 1994

Steve Ross's path from funeral homes and parking lots to the Time Warner merger.

Lisa Endlich · 1999

Goldman Sachs to its 1999 IPO, with a focus on its partnership culture.

Recommended by: Mohnish Pabrai

David Rockefeller · 2002

Life as John D. Rockefeller Jr.'s youngest son, from Harvard to wartime intelligence.

Arthur Levitt, Paula Dwyer · 2002

How small investors can protect themselves from Wall Street's confusing practices.

Recommended by: Warren Buffett

Emanuel Derman · 2004

Physicist to Goldman; the making of the volatility-surface era.

John C. Bogle · 2005

How managers and middlemen took value from the owners of American companies.

William D. Cohan · 2007

The history of Lazard Freres and its partners, from interviews and internal papers.

Recommended by: Mohnish Pabrai

Charles D. Ellis · 2008

Goldman Sachs from Marcus Goldman's commercial paper to its 1999 public offering.

Recommended by: Mohnish Pabrai

Niall Ferguson · 2010

Siegmund Warburg, who fled Germany and founded S.G. Warburg in London.

Recommended by: Mohnish Pabrai

William D. Cohan · 2011

Goldman Sachs from Marcus Goldman to the 2008 crisis, from internal documents.

Recommended by: Mohnish Pabrai

Greg Smith · 2012

Insider resignation memoir that began as an op-ed.

Turney Duff · 2013

A trader's memoir of Wall Street's after-hours world of drugs, sex and commissions.

Recommended by: Mohnish Pabrai

Niall Ferguson

The Rothschild banks of five cities from 1798 to 1999, from the family archive.

Recommended by: Mark Zuckerberg

Frederic C. Lane

Recommended by: Stewart Brand

More financial history