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MUST READ


The Big Short -  Inside the Doomsday Machine  By Michael Lewis, March 15, 2010  

As you read or listen to the book, or watch the movie, how would you have managed for the unknown Great Recession that was on the Horizon? Or what would you have done different? The Book is a great lesson for all of us and the book is particularly well written.  A market collapse doesn't happen overnight, it can be a 10 to 15 year experience.  The Great Recession officially spanned about 18 months, officially running from December 2007 to June 2009, making it the longest economic downturn in the U.S. since the Great Depression.  After the Great Recession, Europe experienced a debt bomb that most countries still haven't recovered from, Book #3 below, Boomerang provides a great detailed overview..

 The Book is My All Time Favorite -  https://amzn.to/4aTeNHa 





Boomerang - Travels in the New Third World October 3, 2011 By Michael Lewis 

The Result: A great followup to The Big Short, The US recession transformed from a deep recession into a brutal global depression of economic activity, causing massive corporate layoffs and a global stock market crash. Many European Countries are still trying to get the Government Finances in order.

 https://amzn.to/4wu1k10


Blink - The Power of Thinking Without Thinking   2005 By Malcolm Gladwell

Malcolm Gladwell Blink: The Power of Thinking Without Thinking (2005) is a "Canadian writer 's second book. It presents in popular science format research from psychology and behavioral economics on the adaptive unconscious: mental processes that work rapidly and automatically from relatively little information. It considers both the strengths of the adaptive unconscious, for instance in expert judgment, and its pitfalls, such as prejudice and stereotypes." I believe Intuition is the human firewall against bad if not dangerous Ai results. The "man in the middle" is important.

 https://amzn.to/4vQxx1r


SHOULD READ

This Will Grow to More Than 100 Reccomended Non-Fiction Books
Once You Look at One of These Books, Amazon Will Help You Find Others



Financial Institutions Internet Sourcebook, by Evans and Thygerson

 I co-authored this book in 1996. It was a very good book that was used by many Universities nationwide. I do not reccomend it today because it was basic Internet before it became commonplace and their is little value for today.  This web site has more valuable information.  Ken Thygerson and I wrote this book because of our strong convection that the financial markets will be dramatically changed because of the Internet. Our beliefs have been realized.

 https://amzn.to/4weHNko


The Intelligent Investor, by Ben Graham

This is the book that started it all and has educated college students for decades. This is the book that started Warren Buffett in his great investment adventure.

 https://amzn.to/4wNJZjO


The Warren Buffett Way, by Robert G. Hagstrom, Jr. From Booklist, October 15, 1994

Warren Buffett was identified as the richest person in America by Forbes last year. Of the more than 70 individuals or families worth more than $1 billion on Forbes list, only Buffett acquired his wealth through investing. Hagstrom, a principal at a Philadelphia investment firm, has tracked the success of Buffett for more than 10 years and argues that the same strategies that Buffett uses in selecting acquisitions can be used by individuals in selecting stocks. Buffett's firm, Berkshire Hathaway, has one of the most widely read annual reports issued, with Buffett himself personally contributing advice, humor, and insight. Hagstrom had Buffett's approval in including extensive quotes from these reports, but Buffett cooperated in no other way with this book. Hagstrom examines the influence of Benjamin Graham and his classic The Intelligent Investor on Buffett and details what Buffett looks for in his investments. Recommended for libraries with popular investment collections. David Rouse Copyright© 1994, American Library Association. All rights reserved.

 https://amzn.to/4z9GGW0



Inside the Yield Book, by Homer and Leibowitz  Jan 1, 1973

The best book that I have ever read on the mathematics of bond investing.  Silicon Valley Bank would still be operating if the CEO or CFO read this book.

A completely updated edition of the guide to modern bond analysis First published in 1972, Inside the Yield Book revolutionized the fixed-income industry and forever altered the way investors looked at bonds. Over forty years later, it remains a standard primer and reference among market professionals. Generations of practitioners, investors, and students have relied on its lucid explanations, and readers needing to delve more deeply have found its explication of key mathematical relationships to be unmatched in clarity and ease of application.

This edition updates the widely respected classic with new material from Martin L. Leibowitz. Along the way, it skillfully explains and makes sense of essential mathematical relationships that are basic to an understanding of bonds, annuities, and loans—in fact, any securities or investments that involve compound interest and the determination of present value for future cash flows. The book also includes a new foreword.

In an era of calculators and computers, some of the important underlying principles covered here are not always grasped thoroughly by market participants. Investors, traders, and analysts who want to sharpen their ability to recall and apply these fundamentals will find Inside the Yield Book the perfect resource.


 https://amzn.to/4bFFqzD



A Random Walk Down Wall Street, by Burton G. Malkie

I first read this book in 1973 while I was in graduate school. This may be one of the first books that helped individuals look at and question of stock selection. Amazon.com - After all, a "random walk"--in market terms--suggests that a "blindfolded monkey" would have as much luck selecting a portfolio as a pro.

First published in 1973, this seventh printing of a A Random Walk looks forward and does so broadly, examining a new range of investment choices facing the turn-of-the-century investor: money-market accounts, tax-exempt funds, Roth IRAs, and equity REITs, as well as the potential benefits and pitfalls of the emerging global economy. In his updated "life-cycle guide to investing," Malkiel offers age-related investment strategies that consider one's capacity for risk. (A 30-year-old who can depend on wages to offset investment losses has a different risk capacity from a 60-year-old.) In his assessment of rocketing Internet stocks, Malkiel defends his "random" position well, explaining how "the market eventually corrects any irrationality--albeit in its own slow, inexorable fashion. Anomalies can crop up, markets can get irrationally optimistic, and often they attract unwary investors. But eventually, true value is recognized by the market, and this is the main lesson investors must heed." Written for the financial layperson but bolstered by 30 years of research, A Random Walk will help individual investors take charge of their financial future.

 https://amzn.to/4fMWkyV