Morgan Stanley recommends the following books to young employees, interns, and job candidates for their continued education of the financial industry.
History Tidbit: The Founding of Morgan Stanley
In 1933, the Glass-Steagall Act, and the broader U.S. Banking Act of 1933, mandated that commercial banking and investment banking operations could not function under a single holding entity. In response, the partners at J.P. Morgan & Co. led by Henry S. Morgan (grandson of the legendary J.P. Morgan) and Harold Stanley opened Morgan Stanley for business on 16-September -1935. Morgan Stanley currently has 60,000 employees in 1300 offices and operates in 42 countries.
Recommended Books on Legendary Investors and Personalities
.jpg "'Beating the Street' by Peter Lynch, John Rothchild (ISBN 0671891634)")
‘Beating the Street’ by Peter Lynch, John Rothchild- ‘Market Wizards: Interviews with Top Traders’ by Jack D. Schwager
- ‘Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger’ by Janet Lowe
- ‘Den of Thieves’ by James B. Stewart
Recommended Books on “The Great Financial Houses”
.jpg "'Too Big to Fail' by Andrew Ross Sorkin (ISBN 0143118242)")
‘Too Big to Fail’ by Andrew Ross Sorkin- ‘Greed and Glory on Wall Street: The Fall of House of Lehman’ by Ken Auletta
- ‘Liar’s Poker: Rising Through the Wreckage on Wall Street’ by Michael Lewis
- ‘The House of Morgan: An American Banking Dynasty and the Rise of Modern Finance’ by Ron Chernow
- ‘When Genius Failed: The Rise and Fall of Long-Term Capital Management’ by Roger Lowenstein
- ‘Morgan: American Financier’ by Jean Strouse
Recommended Books on Capital Markets, Financial Industry, and History
.jpg "'Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets' by Nassim Nicholas Taleb (ISBN 0812975219)")
‘Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets’ by Nassim Nicholas Taleb- ‘The Practical Guide to Wall Street: Equities and Derivatives’ by Matthew Tagliani
- ‘The Predators’ Ball: The Inside Story of Drexel Burnham and the Rise of the Junk Bond Raiders’ by Connie Bruck
- ‘Secrets of the Temple – How the Federal Reserve Runs the Country’ by William Greider
- ‘Classics: An Investors Anthology’ by James R. Vertin, Charles D. Ellis
- ‘Security Analysis’ by Benjamin Graham and David Dodd
- ‘Margin of Safety: Risk-Averse Value Investing Strategies for the Thoughtful Investor’ by Seth A. Klarman
- ‘Reminiscences of a Stock Operator’ by Edwin Lefevre, Jon D. Markman, Paul Tudor Jones
- ‘Extraordinary Popular Delusions and the Madness of Crowds’ by Charles Mackay
- ‘Devil Take the Hindmost: A History of Financial Speculation’ by Edward Chancellor
- ‘Money Masters of Our Time’ by John Train
- ‘The Warren Buffett Way’ by Robert G. Hagstrom, Ken Fisher and Bill Miller
- ‘The Intelligent Investor’ by Benjamin Graham