Ask HN: Book recommendations for understanding financial systems?
I have almost 10 years in the finance industry, both buyside and sellside and my take is that, while there are some fundamental principles at play, the world of finance is too messy and complicated for any one book to describe it. An even stronger statement I am willing to make is that no one person correctly and fully understands the financial system.<p>So, once you accept that there is no "correct" answer to how the financial system and how markets work, what's left to do is to follow what's happening in the world and try to build your own mental model.<p>One source I'm a big fan of (and has a bit of a cult following in the financial world) is Matt Levine's "Money Stuff" blog:
<a href="https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthew-s-levine" rel="nofollow">https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthe...</a><p>He's engaging, funny, talks about interesting topics and, most importantly, he's _rarely_ wrong. It's a rare thing seeing a journalist talk about your specialty subject and actually being correct.<p>Similar source is Felix Salmon: <a href="https://www.felixsalmon.com/" rel="nofollow">https://www.felixsalmon.com/</a><p>Similar league as Levine, but I find him slightly less engaging, for whatever reason.