Current Affairs for UPSC CSE's video: The Best Finance Books recommended by Andrew W Lo

The Best Finance Books, recommended by Andrew W Lo 1. This Time Is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart https://amzn.to/2J7Nx9z 2. Continuous-Time Finance by Robert C. Merton https://amzn.to/2CVDVP6 3. Capital Ideas: The Improbable Origins of Modern Wall Street https://amzn.to/2J8q741 4. A Random Walk down Wall Street: The Time-tested Strategy for Successful Investing by Burton G. Malkiel https://amzn.to/2CTFhKl 5. The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers by Robert L. Heilbroner https://amzn.to/2CUNvl9 About the book 1. Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, "this time is different"--claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters. With this breakthrough study, leading economists Carmen Reinhart and Kenneth Rogoff definitively prove them wrong. 2. This book provides an overview and synthesis of finance theory from the perspective of continuous-time analysis. It covers individual finance choice, corporate finance, financial intermediation, capital markets, and selected topics on the interface between private and public finance. 3. Capital Ideas traces the origins of modern Wall Street, from the pioneering work of early scholars and the development of new theories in risk, valuation, and investment returns, to the actual implementation of these theories in the real world of investment management. Filled with in-depth insights and timeless advice, Capital Ideas reveals how the unique contributions of these talented individuals profoundly changed the practice of investment management as we know it today. 4. In today’s daunting investment landscape, the need for Burton G. Malkiel’s reassuring, authoritative, and perennially best-selling guide to investing is stronger than ever. A Random Walk Down Wall Street has long been established as the first book to purchase when starting a portfolio. 5. The Worldly Philosophers not only enables us to see more deeply into our history but helps us better understand our own times. The theme is the common focus of their highly varied ideas—namely, the search to understand how a capitalist society works.