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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Banking

Industries

Leveraged maturity transformation with an implicit state backstop; the literature is mostly about what happens when that breaks.

Books 11Experts 4Recommenders 16

Start here

  1. Lombard StreetWalter Bagehot, 1873
  2. The House of MorganRon Chernow, 1990
  3. The Bankers' New ClothesAnat Admati, Martin Hellwig, 2013
Lombard StreetLombard Street
T1 Lombard Street
Walter Bagehot · 1873
Open LibraryGoodreads

How the London money market worked, and why a central bank lends freely in a panic.

Liar's PokerLiar's Poker
T1 Liar's Poker
Michael Lewis · 1989
Open LibraryGoodreads

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

The House of MorganThe House of Morgan
T1 The House of Morgan
Ron Chernow · 1990
Open LibraryGoodreads

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

Recommended by: Mohnish Pabrai, Paul Graham

Alexander HamiltonAlexander Hamilton
T1 Alexander Hamilton
Ron Chernow · 2004
Open LibraryGoodreads

Hamilton's life from the West Indies to the Treasury and his duel with Aaron Burr.

Recommended by: Jim Collins, Patrick Collison and 2 others

Wall Street Under OathWall Street Under Oath
T2 Wall Street Under Oath
Ferdinand Pecora · 1939
Open LibraryGoodreads

The 1933 Senate hearings exposing bankers' practices that led to securities laws.

“It's a passage from one of my favorite books, "Wall Street Under Oath.” — Howard Marks

Source: Oaktree memo 'Learning From Enron'

Recommended by: Howard Marks

Too Big to FailToo Big to Fail
T2 Too Big to Fail
Andrew Ross Sorkin · 2009
Open LibraryGoodreads

Inside the meetings of bankers and regulators during the 2008 financial crisis.

Recommended by: Mohnish Pabrai, Bill Gates, Max Levchin and 1 other

Red CapitalismRed Capitalism
T2 Red Capitalism
Carl E. Walter, Fraser J. T. Howie · 2011
Open LibraryGoodreads

How China's state-run financial system really works behind its official figures.

The Bankers' New ClothesThe Bankers' New Clothes
T2 The Bankers' New Clothes
Anat Admati, Martin Hellwig · 2013
Open LibraryGoodreads

Why banks should fund themselves with far more equity, and why their objections fail.

Fragile by DesignFragile by Design
T2 Fragile by Design
Charles W. Calomiris, Stephen H. Haber · 2014
Open LibraryGoodreads

Whether a nation's banks are stable or crisis-prone is decided by its politics.

The Spider NetworkThe Spider Network
T2 The Spider Network
David Enrich · 2017
Open LibraryGoodreads

The Libor rigging scandal told through the traders who ran it

“saga of global financial market manipulation, at mind-boggling scale and hiding in plain sight” — Marc Andreessen

Source: @pmarca, 'Thread: Books I've recently read and recommend'

Recommended by: Marc Andreessen

Reforming U.S. Financial Markets
T4 Reforming U.S. Financial Markets
Randall S. Kroszner · 2011
Open LibraryGoodreads

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