Best Books for Crypto Traders
A list of insights and stories about trading and dealmaking.
From an outsider’s view, trading can seem complex, nuanced, and intangible. But like any subject, the best way to wrap your head around it is to learn from the experts. If you’re a book nerd, you’re in the right place. Below are seven recommended reads from ShapeShift’s very own trading team.Liar’s Poker by Michael Lewis
Liar’s Poker is a semi-autobiographical book written by Michael Lewis. Lewis describes his life from his days at Princeton and the London School of Economics, to his experiences on Wall Street in the 1980s. He describes rising through the ranks at Salomon Brothers, making millions, and thriving in the competitive, cut-throat culture of Wall Street.When Genius Failed by Roger Lowenstein
When Genius Failed is an account of the rise and fall of a hedge fund called Long-Term Capital Management. Roger Lowenstein interviews key players in the failed hedge fund, painting a picture of the fund's early success and its subsequent downfall. Lowenstein gives readers an in-depth look into the world of international investing, and bond and equities trading.Fortune’s Formula by William Poundstone
“In 1956 two Bell Labs scientists discovered the scientific formula for getting rich.” So begins Goodreads description of how Claude Shannon and Edward Thorp used information theory to manage uncertainty in trading, gambling, and more. Shannon went on to become an investor with a highly successful rate of return to rival the likes of Warren Buffet.Barbarians at the Gate by Bryan Burrough and John Helyar
Barbarians at the Gate is an investigative journalism piece on the fall of RJR Nabisco, an American conglomerate selling food and tobacco products. The book is rife with the familiar notions of greed, opulence, and ambition, and is known to be highly recommended for traders.Market Wizards by Jack D. Schwager