Valueguy134

I've been diving more and more into industry books (primers). Just wondering if I should create a thread with a list of the books I have been going through in-case someone wants to broaden their knowledge. What do you guys think?

Not a value book what so ever. I picked it up to help me with modelling. If you want to understand modelling better or just have a general interest in investment banking, I would recommend the book. http://www.amazon.com/Investment-Banking-Valuation-Leveraged-Acquisitions/dp/1118656210/ref=sr_1_1?ie=UTF8&qid=1398798116&sr=8-1&keywords=investment+banking

This was a required reading in my MBA class. If you are interested in understanding Macro economics, I would suggest this book. The book's goal is to ensure you understand what news articles are discussing, it does not go into academic modelling at all (if that's what you are looking for) or any other serious math. The book was an easy read, unlike a text book. http://www.amazon.com/Macroeconomic-Essentials-Understanding-Economics-News/dp/026251480X/ref=sr_1_2?ie=UTF8&qid=1398797934&sr=8-2&keywords=peter+kennedy

I only had a very basic knowledge of banking and other FI's, just to give you an idea where I am coming from. I've recently completed the Asset quality chapter so I can only tell you what i think about the book to that point. The authors do a great job of explaining each chapter's headlines. They start off with credit analysis and how banks works. In the how banks work chapter he goes over all the products a bank offers (from loans to derivatives, to investment banking, deposits to you name it they explain it). He also explains what each product is and why a bank offers it and who typically uses it. He then proceeds to discuss the different groups within banks and how they work together (treasury, loans, investment banking etc...). The income statement and balance sheet chapters are self explanatory, the authors explain each line item and how they differ from non-financial companies. They go on to explain why a banks cash flow statement isn't as important as the other 2 sheets. In the earnings quality and Asset quality chapters, he takes an extensive look at the quantitative and qualitative factors and the impacts they have on the banks (he also provides rules of thumbs). He further discusses the accounting for banks and how everything links together. I dog eared a lot and highlighted a lot in these chapters. There is also discussions on tricks banks play to make them look better and how to identify them. So far the focus has been a global view of banking, but he draws many comparisons between the US and the rest of the world. The read is pretty good, it takes me a bit longer than usual, but mostly because I am absorbing the information. The book is a text book but reads far better than something from University, as the author was a credit analyst. Either way, I met a fund manager I follow who was in the navy and then fell into equity research for FIs. I had asked him for a book and he pulled this one off his shelf and said its what he used to learn. Hope this helps. The book is expensive, I took the chance with buying it and so far I have no regrets.

Heard good things about the book, and I got it for only a penny on Amazon. You should also check out Oil 101 by Morgan Downey.

[amazonsearch]The Bank Credit Analysis Handbook[/amazonsearch] I was recommended this book and I am about 50% through it (its a big book). If you ever wanted to know how banks work and how to analyze banks, this is your ticket. I can confidently say that this book is worth far more than what I paid for in terms of the information it provides and how easy it is to read. Enjoy!

I picked this book up recently, haven't cracked it open, but a fund manager I follow recommended it in one of his newsletters. Either way I hear it's good.

I know, but its well worth having the hard copy as a reference

[amazonsearch]Oil 101[/amazonsearch] Came across this book by accident on Amazon. Turns out it's one of the best books I've read on the oil industry and it's an amazing primer. The author explains everything in a really simple manner and makes the industry very understandable. He discusses everything from the history of oil, to its chemistry, E&P, refining, etc... Makes a great book to broaden your circle of competence. I was also hoping to start a thread regarding books on industry primers, as it might help everyone understand investments better.