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The Chairman
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03-Nov-2006
Deep in the Heart of Texas, by Victor Niederhoffer
I recently visited the University of Texas Cooperative Book Store and bought
the following books in an attempt to increase my knowledge. I find the regular
forays that I take to college book stores one of the most useful activities I
engage in as it keeps me up to date on current knowledge, lets me know the kind
of things the current operatives in the field are exposed to, and serves as a
beacon, spark, and warehouse of knowledge for my kids. My favorite book stores are
ones at Texas, Penn, the Seminary book store at University of Chicago, the
Barnes and Noble at 17th street connected with NYU. The range of subjects
taught at all those schools is all encompassing.
Usually when I lug the baskets of books to the cashier on such forays, the cashier will say that I made the second largest purchase in their history, next to some Mideast customers who came in with a retinue of 5 that purchased two of everything in the bookstore for their library back home. I always answer that the reason I have to buy so many books is that I have so much to learn. I find that all older practitioners of investments have much to learn also, and are frequently wedded to ideas from the 1930's that it would be helpful for them to mix with current knowledge and theories and foundations and the lack of book knowledge is one of the reasons that so many senior writers and advisers are so out of touch with a proper foundation, which should always include the books of Brearley, Dimson, Damodaran, and Harris. I would recommend that all students and practitioners of finance buy the current texts in the field as it would help to give them a groundwork in what's known, especially in the field of regularities relating to risk and return.
I will read many of these book in the hopeful near future and share reviews of those that I can understand with you. Here's the current list:
Title Author (Last Name) Principles of Finance Besley, Brigham Correlation & Regression Bobko Microeconomics Cameron, Triverdi The Age of Migration Castler, Miller Astronomy Chaisson, McMillan America- Past & Present Divine, Breen, Fredrickson Modern Control Systems Dorf, Bishop Telling Lies Eckman Hitting the Sweet Spot Fortini, Campbell The Struggle for Democracy Greenberg, Page Practicing Physics Hewitt Conceptual Physics Hewitt Biology Demystified Layman Applied Multivariate Research Meyers, Gamst, Guarino Applying Regression & Correlation Miles, Shevlin Schaum's Easy Outlines-Electric Circuits Nahvi, Edminister Human Learning Ormond Urban Economics O'Sullivan Introduction to Computer Systems Patt, Patel Humanity Peoples, Bailey Images of the Past Price, Feinman Corporate Finance Ross, Westerfield, Jaffe Conformity & Conflict Spradley, McCurdy Statistics for the Social Sciences Stevens Financial Reporting, Financial Statement Analysis.. Stickney, Brown, Wahler Teaching Students Centered Mathematics Van De Walle, Lovin Principles of Fraud Examination Wells Frankensteins of Fraud Wells Chemistry Demystified Williams