Global macro is a never-ending learning journey.
The 7 books which taught and inspired me the most in my global macro thinking process and portfolio management.
👇
1/9
The 7 books which taught and inspired me the most in my global macro thinking process and portfolio management.
👇
1/9
Pragmatic Capitalism from @cullenroche.
If you don't understand how our monetary system works and the different tiers of money populating our financial system, you'll miss the very foundation of your global macro analysis.
A short and sweet primer on money from Cullen.
2/9
If you don't understand how our monetary system works and the different tiers of money populating our financial system, you'll miss the very foundation of your global macro analysis.
A short and sweet primer on money from Cullen.
2/9
Central Banking 101 from @FedGuy12.
Joseph is a former Fed insider and knows the monetary plumbing in-and-out.
He explains the most relevant aspects in a very comprehensible way in this solid Central Banking book.
3/9
Joseph is a former Fed insider and knows the monetary plumbing in-and-out.
He explains the most relevant aspects in a very comprehensible way in this solid Central Banking book.
3/9
Moving from money to global macro now.
The Holy Grail of Macroeconomics by Richard Koo is a masterpiece about the Japanese boom and bust cycle, and the subsequent fiscal and monetary actions undertaken in Japan.
You'll find out about ''balance sheet recessions''.
4/9
The Holy Grail of Macroeconomics by Richard Koo is a masterpiece about the Japanese boom and bust cycle, and the subsequent fiscal and monetary actions undertaken in Japan.
You'll find out about ''balance sheet recessions''.
4/9
The Great Rupture by Viktor Shvets is another big picture macro masterpiece.
Viktor explores structural trends like technology and financialization, and how they are likely to interact with our economies over future decades.
5/9
Viktor explores structural trends like technology and financialization, and how they are likely to interact with our economies over future decades.
5/9
Big Debt Crises by @RayDalio explores the interconnection between private and public sector debt, the short and long-term debt cycles and how those cycles develop and ultimately end.
Ray is a very good big picture macro thinker and an excellent communicator.
6/9
Ray is a very good big picture macro thinker and an excellent communicator.
6/9
Moving to portfolio management now.
Inside The House of Money from Steve Drobny is an amazing series of interviews to the best hedge fund managers of the last decades. A unique opportunity to understand how these guys look at markets and manage risks!
7/9
Inside The House of Money from Steve Drobny is an amazing series of interviews to the best hedge fund managers of the last decades. A unique opportunity to understand how these guys look at markets and manage risks!
7/9
The Man Who Solved the Market by Zuckerberg lifts the veil (or gives it a good try) on the secrets behind the huge success Jim Simons had with Renaissance and his Medallion Fund which delivered a 66% annualized return decade over decade (!).
A must read for all investors.
8/9
A must read for all investors.
8/9
There are so many good books which didn't make into this thread because of...well, I needed to stop somewhere :)
What's your top 3 outside this list?
9/9
What's your top 3 outside this list?
9/9
• • •
Missing some Tweet in this thread? You can try to
force a refresh
