Summer Reading: 11 Book Recommendations from Hedgeye Analysts

Why? Because it’s the single best primer for individuals engaged in risk-taking of any and all kinds, of necessity or choice.

Who says so? Me, obviously. More importantly, just about every accomplished investment pro—and there have been lots--to whom I’ve put the question, “What’s the best book on investing you’ve ever read?”

A comprehensive and authoritative exploration of Bitcoin and its place in monetary history. This book provides an overview of the failings of humanity's previous choices of money, and makes the case for Bitcoin as the world's first truly immutable, decentralized and sound money.

As we enter the hot days of the 2024 presidential election, one that will be unusual to say the least, it is important to remember, there isn’t much new under the sun when it comes to American politics. The populist surge that is cleaving the Republican Party and disconnecting the Democratic Party from its traditional base was a defining part of the 1932 election. This too shall pass but not without fireworks.

A comprehensive account of how energy has shaped society throughout history, from pre-agricultural foraging societies through today's fossil fuel-driven civilization.

One of the most influential books of the past fifty years, Team of Rivals is Pulitzer Prize–winning author and esteemed presidential historian Doris Kearns Goodwin’s modern classic about the political genius of Abraham Lincoln, his unlikely presidency, and his cabinet of former political foes.

Josh was a child prodigy in chess and the subject of a documentary called "Searching for Bobby Fisher" and went to be a world champion in Tai Chi. The book is a really interesting exploration of how to break down complex subjects to effectively learn and master different subjects. 

At Hedgeye we pride ourselves on our ‘quantamental’ approach to investing and I loved gaining insights into the origins as well as the evolution of quantitative trading strategies. "The Man Who Solved The Market" offers a captivating look at how Jim Simons and the team at Renaissance Technologies revolutionized this field.

The book chronicles their pioneering application of advanced mathematical models and computational methods to exploit market inefficiencies systematically. It showcases the brilliant minds they assembled - top scientists and mathematicians who challenged longstanding investment philosophies with data-driven, scientific approaches.

Moreover, it highlights Renaissance's relentless pursuit of perfecting their trading strategies through rigorous testing, iteration and a culture of radical transparency. Their ability to convince skeptical investors of these unconventional quant methods provides lessons on driving transformative innovation. For firms exploring quantitative techniques, this book offers an insightful historical perspective.

Building the next era of the internet. A potent exploration of the power of blockchains to reshape the future of the Internet—and how that affects us all—from highly influential entrepreneur and technology investor Chris Dixon.

A must read/listen for fans of 90s/2000s grunge rock.  Dave Grohl provides a plethora of stories on the development of the 90s rock scene via firsthand experiences with many legends of the art form.  The book has renewed meaning with the passing of Grohl’s friend/drummer Taylor Hawkins since the book’s publishing.  I’d recommend the audio book as it’s read by Grohl himself, meaning the full depth and meaning of his experiences is delivered through his voice.

This book reveals why exiting the securities market is urgent, especially after EU and Federal Reserve regulations. If the custodian fails, all client securities could be seized, a risk known by figures like Rothschild and Elon Musk, prompting them to delist their companies.

At risk are stocks, bonds, government securities, and cash—anything held by custodians like Euroclear and Clearstream, who dominate international bond trading.

I chose this book because I think it packs so much important information about the problems with our global financial system into one book. This book makes it clear why the world is the way it is right now, and why we have reached a turning point.

The use of blockchain in our future is both inevitable and necessary, and this book makes it obvious why.

Steiner actually told me to read this book before I started at Hedgeye. It was indeed long… but I’m glad I did. I’ve read a few books on money, Bitcoin, and (non-conventional) economics, but this book seemed to sum all the important things from those books into one.