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.

Send feedback

What is it?
Screenshots, up to 3 (optional)
or paste one with Ctrl+V

We use your email only to reply to you.

Cash, money markets and Treasury bills

Assets

Cash is the asset almost nobody writes an investment book about; the literature is instead about the plumbing of short-term funding and what happens when it seizes.

Books 8Experts 2Recommenders 1

Start here

  1. Central Banking 101Joseph J. Wang, 2021
  2. Slapped by the Invisible HandGary Gorton, 2010
  3. Lombard StreetWalter Bagehot, 1873
  4. The Money MarketMarcia L. Stigum, 1978
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.

A History of Interest RatesA History of Interest Rates
T1 A History of Interest Rates
Sidney Homer · 1963
Open LibraryGoodreads

Interest rates from Babylonian lending through Rome and Europe to modern bonds.

Recommended by: Mohnish Pabrai

The Money MarketThe Money Market
T2 The Money Market
Marcia L. Stigum · 1978
Open LibraryGoodreads

Stigum's institutional bible of bills, repo, CP and Fed funds.

Slapped by the Invisible HandSlapped by the Invisible Hand
T2 Slapped by the Invisible Hand
Gary Gorton · 2010
Open LibraryGoodreads

Papers explaining the 2007 crisis as a run on the repo and securitisation system.

Misunderstanding Financial CrisesMisunderstanding Financial Crises
T2 Misunderstanding Financial Crises
Gary Gorton · 2012
Open LibraryGoodreads

The 2007 to 2008 crisis was a bank run like the panics of the 19th century.

The REPO HandbookThe REPO Handbook
T3 The REPO Handbook
Moorad Choudhry · 2002
Open LibraryGoodreads

How the repo market works as the way securities positions are financed.

Central Banking 101Central Banking 101
T3 Central Banking 101
Joseph J. Wang · 2021
Open LibraryGoodreads

A former Fed trader on repo, bills and reserve plumbing.

Crunch-Time for Credit? An Inquiry into the Crunch-Time for Credit? An Inquiry into the State of the Credit System in the United States and Britain
T4 Crunch-Time for Credit? An Inquiry into the State of the Credit System in the United States and Britain
Edward Chancellor · 2005
Open LibraryGoodreads

Listed on his own site

More assets

← Carbon credits and emissions marketsCatastrophe bonds →All assets