Another must-read for quant traders. A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was.
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Moritz Heiden2021-04-12T08:23:35+02:00This book is a landmark book. It’s an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making. A must-read for every quant trader.
Market Sense and Nonsense: How the Markets Really Work (and How They Don’t)
Moritz Heiden2021-04-12T08:23:58+02:00In this book, Jack Schwager challenges the many of the assumptions, which lay at the core of investment theory and practice, and exposes common investor mistakes, missteps, myths, and misreads.
Hedge Fund Market Wizards: How Winning Traders Win
Moritz Heiden2021-04-12T08:24:21+02:00This is the third Market Wizards book. It’s just as excellent as the first two. Essential reading for every trader.
The New Market Wizards: Conversations with America’s Top Traders
Moritz Heiden2021-04-12T08:24:47+02:00The second Market Wizards book and just as good as the first one. Another must-read.
Market Wizards: Interviews with Top Traders
Moritz Heiden2021-04-12T08:25:13+02:00A true original and a must-read classic for everyone interested in trading.
An Introduction to High-Frequency Finance
Moritz Heiden2021-04-12T08:25:37+02:00Great introduction to high-frequency finance and data as well as market microstructure.
The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty
Moritz Heiden2021-04-12T08:26:02+02:00A good guide for everyone who needs to make decisions with high impact under uncertainty.
Dark Pools: The Rise of Artificially Intelligent Trading Machines and the Looming Threat to Wall Street
Moritz Heiden2021-04-12T08:26:28+02:00A very informative and entertaining book about electronic and high frequency trading.
The Education of a Speculator
Moritz Heiden2021-04-12T08:26:51+02:00Victor Niederhoffer, a trader with lots of ups and lots of downs. A great market philosopher and an interesting read for everyone interested in the markets.








