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My Life as a Quant: Reflections on Physics and Finance by Emanuel Derman

Summary

Do not expect to find trading techniques or insights from this book. It is an interesting account of someone who has been working “on the other side of the fence” (a.k.a institution) as a quant. Not just any quant, but one of the famous quants who has his name as part of the Black-Derman-Toy model. It is also a good historical account of the changes going through the financial industry from 1980s to early 2000s. Good read in general for those who are interested in understanding how science transformed the financial markets from the point of view of a scientist.


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My Life as a Quant: Reflections on Physics and Finance
Written by Emanuel Derman

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The Complete Idiot’s Guide to Day Trading Like a Pro by Peter J. Sander

Summary

This book is an overview of daytrading US equities and future markets. All basic aspects on daytrading are covered with reasonable advices on risk control and expectations. The examples on the trading tools are outdated and a number of brokerages mentioned in the book no longer exist. Overall a tourist guide to daytrading – you get to know the names of the things that you are supposed to look up for but it stops there.


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The Complete Idiot’s Guide to Day Trading Like a Pro
Written by Peter J. Sander

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Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life by Nassim Nicholas Taleb

Summary

A strongly opinionated book that introduces the world to the importance of understanding randomness and how randomness is playing a role that is far greater than most people are willing to accept. It is one of the most important book of its time showing us how people under estimated risk and and over estimated their ability to handle future uncertainties. A thought provoking book for all traders, especially those who have not ingrained tight risk control in their mindsets yet.


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Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life
Written by Nassim Nicholas Taleb

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