As beach season approaches in North America and Europe, we asked the Active Quantitative Equity team to share their favorite books to read while catching some rays.
This quarter’s “Team Top 5” expanded to “Team Top 8,” as the group had lots of excellent book suggestions for your upcoming summer holiday! Here are their top choices.
Olivia Engel, CFA
Global Chief Investment Officer
Bad Blood: Secrets and Lies in a Silicon Valley Startup John Carreyrou
"Bad Blood” is an incredible true story that touches on so many themes. It highlights how people’s decision making and judgement can be clouded by wanting something to be true…and how bad things happen when the desire for greed, power and glory take over. Despite the many people on the inside who knew about the secrets and lies, the corporate culture prevented it from surfacing for a very long time. It’s a fascinating read and hard to put down.
Andrew Wright, CFA
Head of Portfolio Management, UK
Collected Short Stories Volumes One & Two Roald Dahl
One of the best authors of our time, I find Roald Dahl’s stories thought provoking, and they often have endings with an unusual twist. I particularly liked “The Great Automatic Grammatizator,” which is an early-day representation of machine learning. Many of his short stories were adapted for a British TV series “Tales of the Unexpected” which aired in the early 1980s. If you prefer a watch to a read then I would recommend this series as an alternative.
Global Head of Active Quantitative Equity Strategy
Ninety Percent of Everything: Inside Shipping, the Invisible Industry That Puts Clothes on Your Back, Gas in Your Car, and Food on Your Plate Rose George
I was particularly interested in learning about the shipping industry, and this book fit the bill. It’s an appropriate book to reach for while sitting on the beach as giant container ships float by!
Senior Portfolio Manager
The XIII Books of the SPQR Roman Mysteries Series John Maddox Roberts
What’s more exciting than following the investigations of a Senator-detective in Ancient Rome – during the reign of Augustus Caesar – filled with violence and evil?
The Brain That Changes Itself Norman Doidge
This book illustrates how the new science of "neuroplasticity" is debunking the centuries-old notion that the human brain is hard-wired. From stroke patients learning to speak again, the visually impaired learning to see with a sensor on their tongue, to the remarkable case of a woman born with half a brain that rewired itself to work as a whole, this book shines a light on hope enabled by science and technology. Another takeaway: learning a new skill, language, or even changing an old habit may lead your neurons to rewire and improve your brain health.
For my beach read I like short stories, as they’re the perfect length for that short period of relaxation you get between swimming, sand castles with kids, ice-creams, etc. This short-story compilation is particularly interesting, as the plot lines are very clever, taking you on a global journey across China, Nigeria, New York and the UK – drawing you in and ending with a twist. This book is Jeffrey Archer at his best.
Senior Portfolio Manger
Billion Dollar Whale: The Man Who Fooled Wall Street, Hollywood, and the World Bradley Hope and Tom Wright
This thriller is about a single, rogue financier who swindled over $5 billion in the heist of the century, with lots of help from Goldman Sachs. This will not put you to sleep – even on the beach.
I often to struggle to read novels whilst on holiday. Maybe it’s the distraction of discovering somewhere new and also being lazy! What I do enjoy is reading the New York Review of Books (I do read and like the London Review of Books, but unfortunately have a preference for NYRB). You can selectively read what you feel like and discover new fields of study. These scholarly essays range from fiction reviews to biography to history. Then if something takes your fancy you’ll have a great list for the coming winter.....the proper time to do some serious reading.
Important Risk Information
The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor.
All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.
The trademarks and service marks referenced herein are the property of their respective owners. Third party data providers make no warranties or representations of any kind relating to the accuracy, completeness or timeliness of the data and have no liability for damages of any kind relating to the use of such data.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.
State Street Global Advisors Funds Distributors, LLC, member FINRA, SIPCS, One Iron Street, Boston, MA 02110.
This information is for informational purposes only, not to be construed as investment advice or a recommendation or offer to buy or sell any security. Investors should always obtain and read an up-to-date investment services description or prospectus before deciding whether to appoint an investment manager or to invest in a fund. Any views expressed herein are those of the author(s), are based on available information, and are subject to change without notice. Individual portfolio management teams may hold different views and may make different investment decisions for different clients. There are no guarantees regarding the achievement of investment objectives, target returns, portfolio construction, allocations or measurements such as alpha, tracking error, stock weightings and other information ratios. The views and strategies described may not be suitable for all investors. SSGA does not provide tax or legal advice. Prospective investors should consult with a tax or legal advisor before making any investment decision. Investing entails risks and there can be no assurance that SSGA will achieve profits or avoid incurring losses.
Performance quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. Current performance may be higher or lower than that quoted.
Images of NYSE Group, Inc. are used with permission of NYSE Group, Inc. Neither NYSE Group, Inc. nor its affiliated companies sponsor, approve of or endorse the contents of this program. Neither NYSE Group, Inc. nor its affiliated companies recommend or make any representation as to possible benefits from any securities or investments.