obviously these do not represent all of finance but its a nice decade-by-decade recap of talking points, i figured i'd try to do it and was surprised how nicely it broke out
“When Genius Failed” is really good. Lot of parallels to tech where folks are visionaries right up until the day that they’re not and how things that we don’t truly understand can go haywire
If you like books on finance and history, “Reminiscences of a Stock Operator” by Edwin Lefèvre is also an excellent book, and an interesting view into early Wall Street.
Lots of finance people, rightly or wrongly justify their work as giving a valuable service to humanity: From "providing liquidity" to "absorbing risk" and "helping your pension grow" the list of supposed goods provided by finance is very long.
May I ask why you left finance for tech? I'm considering going into trading instead of SWE because the environment may be more social. I also spend a lot time analyzing current events, so why not get paid for it, too?
I made a career change into sales and trading for a while, then went back into full-time medicine - finance is a really interesting subject, but the proportion of assholes in sales and trading is much higher than in software, medicine, or most corporate jobs (all of which of course have some proportion of assholes).
That's not to say that people in that industry can't be charming - they totally can be, but they will also do whatever it takes to boost up their reputation (and therefore their annual bonus) at your expense. "Liar's poker" is a pretty accurate description of the culture, but it's much worse when you have to deal with it every day.
My experience was on the sell-side, things may be different on the buy-side. Feel free to message me if you want to chat.
I work as a dev at a financial company. I can say that I agree with you. The people (both business side and dev side) in the trading portion of the company were much more likely to be assholes than in the non-trading areas, such as client facing areas. It seemed like the closer people got to being a trader or portfolio manager, the more likely they were to have a mindset of "I'm better than you. I know more than you, so do what I say.", even when they don't know what they're doing.
It's a good insight into the mind of a banker/master of the universe but it doesn't go into too much detail about the actual job IIRC, though tbh I haven't read it in a few years
- https://en.wikipedia.org/wiki/Liar%27s_Poker
- https://en.wikipedia.org/wiki/When_Genius_Failed
- https://en.wikipedia.org/wiki/More_Money_Than_God
- https://en.wikipedia.org/wiki/Flash_Boys
obviously these do not represent all of finance but its a nice decade-by-decade recap of talking points, i figured i'd try to do it and was surprised how nicely it broke out