Market Risk books – A reading list
A colleague at work asked me to put down a list of books for his weekend reading. Here my reading list for new members of our risk team at work. The book list covers market risk tools, metrics, philosophy and two books that provide a great review of the financial crisis.
Market Risk – Do it yourself Guides
Beyond Value at Risk: The New Science of Risk Management (Frontiers in Finance Series): Kevin Dowd: 9780471976226: Amazon.com: Books. The Kevin Dowd text does a great job of covering both basic and fairly advance concepts in an easy to read fashion.
Financial Modeling: Simon Benninga: 9780262026284: Amazon.com: Books. Benninga’s financial modeling is a must if you plan on doing anything with Excel.
Amazon.com: Financial Risk Management: A Practitioner’s Guide to Managing Market and Credit Risk (Wiley Finance) eBook: Steve L. Allen: Books. Steve Allen walks a balanced line between practical implementation issues and advance concepts. Well written and extremely easy to read.
Market Risk – Philosophy of Risk
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets: Nassim Nicholas Taleb: 9780812975215: Amazon.com: Books. Taleb obviously wrote this in a fit of anger which is the reason why it makes a great read.
Thinking, Fast and Slow: Daniel Kahneman: 9780374533557: Amazon.com: Books
The Misbehavior of Markets: A Fractal View of Financial Turbulence: Benoit Mandelbrot, Richard L. Hudson: 9780465043576: Amazon.com: Books
Market Risk – Crisis
The Big Short: Inside the Doomsday Machine: Michael Lewis: 9780393338829: Amazon.com: Books
The End of Wall Street: Roger Lowenstein: Amazon.com: Books
Selfish Self promotion
Models at Work: A Practitioner’s Guide to Risk Management (Global Financial Markets): Jawwad Farid: 9781137371638: Amazon.com: Books and the upcoming Option Greeks Primer by the same author.