Wall Street Writers – Introduction
In the past, I have advised my readers to always take investment (or trading) advice from TV experts, columnists, experts, and market commentators with a grain of salt. While I still hold this belief, I do not encourage the readers to be divorced from the opinions of the industry peers. Reading books and columns will open your perspective on different issues. There are a number of writers in the financial industry who you should constantly read. Doing this will help you understand the financial market and how it works. In this article, I will look at a number of key influential Wall Street writers you should always read. Though they are not always accurate, investors use their perspectives to make financial decisions.
#1 – Bill Gross
Bill Gross is the legendary bond trader and founder of the huge Pacific Investment Management Company (PIMCO). PIMCO has more than 2,500 employees and more than $1.5 trillion in assets under management (AUM). Bill Gross was famously ejected from the firm in 2015 amid major power struggles in the firm. He headed to a smaller unit called Janus Capital where he started trading with just $1.5 billion. Every month, Gross writes the monthly outlook which is one of the most read pieces in the financial world. His monthly pieces are written in a fun way starting with an interesting story before going to deep financial issues. This will always give you an interesting view of the market.
#2 – Mohammed El Erian
Mohammed El Erian has held a number of influential positions in the financial world. He started his career at the International Monetary Fund (IMF) as an economist. After this, he went to PIMCO where he rose to be the senior investment manager. Then, he went to head the Harvard Endowment fund before returning to PIMCO as the co-CEO. After PIMCO, he went to Allianz to become the chief economist. Dr El Erian is a widely published professional. He has written two New York Time Best Sellers: When Markets Collide and The Only Game in Town. He has also published a number of academic papers. He is also a Bloomberg View columnist where he published on topical issues. You should read his writings because of his deep knowledge on financial and economic issues.
#3 – Kathy Lien
Kathy Lien is one of the most famous Wall Street writers, trader, author of three best-selling books, and a writer in a number of reputable websites such as Investing.com. She is also the co-founder of BK Asset Management which focuses on currency trading. I used Kathy’s books to understand the market better. Her books are: The Little Book of Currency Trading which was published in 2011, Day Trading and Swing Trading the Currency Market, and Millionaire Traders: How Everyday People are Beating Wall Street at its Own Game. The last book features 15 interviews with practicing day traders where they share their experiences in the financial market. For any trader, Kathy’s writings will give them a new perspective every day. She writes on a daily basis which is really important for people who follow her.
#4 – Michael Lewis
Michael Lewis is one of the best-selling financial writers in this decade. Michael started his career as a journalist before moving on to become a leading financial writer. His books have been turned into movies. His most famous book, The Big Short was recently turned into a movie which went ahead to win a number of awards. His other books include: Flash Boys, The Blind Side, Boomerang, Liar’s Poker, and Moneyball among others. He has also published articles in major publications such as Bloomberg and Vanity Fair.
#5 – Joseph Stiglitz
Joseph is an important figure in the economics and finance world. He is an Economics Nobel Laureate who has published widely on economic issues. He is highly rated in major publications such as Bloomberg and Wall Street Journal. He has published top books such as: The Price of Inequality, The Great Divide: Unequal Societies and What We Can Do About Them, Creating a Learning Society: A New Approach to Growth, Development, and Social Progress and Freefall among others.