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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Options and derivatives

Assets

Contingent claims; the literature divides cleanly between the pricing textbooks and the books about what happens when the models are trusted too far.

Books 15Experts 4Recommenders 5

Start here

  1. F.I.A.S.C.O.Frank Partnoy, 1997
  2. My Life as a QuantEmanuel Derman, 2004
  3. Option Volatility and PricingSheldon Natenberg, 1988
  4. Options, Futures, and Other DerivativesJohn C. Hull, 1989
Option Volatility and Pricing
T1 Option Volatility and Pricing
Sheldon Natenberg · 1988
Open LibraryGoodreads

Trading options as trading volatility: implied volatility, the Greeks, hedging.

Options, Futures, and Other DerivativesOptions, Futures, and Other Derivatives
T1 Options, Futures, and Other Derivatives
John C. Hull · 1989
Open LibraryGoodreads

How futures, options and swaps work and how to price and hedge them.

F.I.A.S.C.O.F.I.A.S.C.O.
T1 F.I.A.S.C.O.
Frank Partnoy · 1997
Open LibraryGoodreads

An insider's account of how Morgan Stanley built and sold derivatives in the 1990s.

“F.I.A.S.C.O.: The Inside Story of a Wall Street Trader by Frank Partnoy. Another great writer and great read.” — Christopher Bloomstran

Source: Semper Augustus 2023 Letter to Clients, 'Worldly Wisdom', p. 81

Recommended by: Charlie Munger, Christopher Bloomstran and 1 other

Options as a Strategic InvestmentOptions as a Strategic Investment
T2 Options as a Strategic Investment
Lawrence G. McMillan · 1980
Open LibraryGoodreads

A comprehensive reference on option strategies, organised strategy by strategy.

Dynamic HedgingDynamic Hedging
T2 Dynamic Hedging
Nassim Nicholas Taleb · 1997
Open LibraryGoodreads

Technical manual on managing vanilla and exotic options

Infectious GreedInfectious Greed
T2 Infectious Greed
Frank Partnoy · 2003
Open LibraryGoodreads

How finance used complexity to hide risk from the 1980s through Enron.

My Life as a QuantMy Life as a Quant
T2 My Life as a Quant
Emanuel Derman · 2004
Open LibraryGoodreads

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

A Demon of Our Own DesignA Demon of Our Own Design
T2 A Demon of Our Own Design
Richard M. Bookstaber · 2007
Open LibraryGoodreads

How financial innovation made markets more crisis-prone, from a risk manager.

Financial Derivatives: Pricing, ApplicationsFinancial Derivatives: Pricing, Applications, and Mathematics
T3 Financial Derivatives: Pricing, Applications, and Mathematics
Jamil Baz, George Chacko · 2003
Open LibraryGoodreads

Compact mathematical treatment of derivative pricing and its applications

Recommended by: Nassim Nicholas Taleb

Fischer Black and the Revolutionary Idea of Fischer Black and the Revolutionary Idea of Finance
T3 Fischer Black and the Revolutionary Idea of Finance
Perry Mehrling · 2005
Open LibraryGoodreads

Fischer Black's life and ideas, from option pricing on, that shaped modern finance.

Recommended by: Mohnish Pabrai

Traders, Guns and MoneyTraders, Guns and Money
T3 Traders, Guns and Money
Satyajit Das · 2006
Open LibraryGoodreads

How the derivatives business works between dealers and the clients they sell to.

Strategies and Rational Decisions in the SecStrategies and Rational Decisions in the Securities Options Market
T4 Strategies and Rational Decisions in the Securities Options Market
Richard E. Quandt · 1969
Open LibraryGoodreads
Point and Figure ChartingPoint and Figure Charting
T4 Point and Figure Charting
Thomas J. Dorsey · 1995
Open LibraryGoodreads

Recommended by: Mohnish Pabrai

The Blank Swan
T4 The Blank Swan
Elie Ayache · 2010
Open LibraryGoodreads

Philosophical treatment of contingency and the practice of option trading

Recommended by: Nassim Nicholas Taleb

Volatility and the Allegory of the Prisoner’
T4 Volatility and the Allegory of the Prisoner’s Dilemma
Christopher Cole
Goodreads

Recommended by: Patrick O'Shaughnessy

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