Rich Handler, the CEO of investment bank Jefferies and its parent company Leucadia National (LUK), circulated a list to summer interns of recommended books for those who are interested in pursuing careers on Wall Street.
Yahoo Finance obtained a copy of the memo:
To Our Jefferies Summer Interns Around the World:
We are pleased to have had the opportunity to meet virtually all our New York-based interns this year. Several of you asked for some book ideas to understand the history and evolution of Wall Street, as well as background on the financial services industry. Below is a short list of books that collectively could provide some good grounding regarding the business you are considering joining.
This is not intended to be the all-encompassing — the field is rich with excellent technical and narrative works — but rather to provide you with some of the history that is so important to understanding our individual jobs, our industry, and Jefferies’ unique place and opportunity. This list may seem a little longer than short, and you shouldn’t feel any obligation to read them all or any number of them.
We hope that you are concluding a productive and enjoyable summer at Jefferies, and thank you for all your effort and commitment.
Best wishes for a wonderful next year back at school,
Rich and Brian
A Wall Street Bibliography
The Birth And Development of Wall Street
The House of Rothschild: The World’s Banker, 1849-1999 — Niall Ferguson
Liar’s Poker — Michael Lewis
Barbarians at the Gate: The Fall of RJR Nabisco — Bryan Burrough and John Helyar
Buyouts and Hedge Funds
When Genius Failed: The Rise and Fall of Long-Term Capital Management — Roger Lowenstein
New Financial Capitalists: KKR and the Creation of Corporate Value — David Smith and George Baker
More Money than God: Hedge Funds and the Making of a New Elite — Sebastian Mallaby
The 2008 Financial Crisis
Too Big To Fail: Inside the Battle to Save Wall Street — Andrew Ross Sorkin
The End of Wall Street — Roger Lowenstein
The Intelligent Investor: A Book of Practical Counsel — Benjamin Graham
The Snowball: Warren Buffett and the Business of Life — Alice Schroeder
The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success — William Thorndike, Jr.
A Random Walk Down Wall Street — Burton Malkiel
The Richest Man in Babylon — George Samuel Clason
Julia La Roche is a finance reporter at Yahoo Finance.