Raymond P. Fishe's Book Recommendations:

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The Other Path by Hernando De Soto
It describes the growth of the informal sector in Peru, which offers a sad story of how costly access to property rights and formal institutions led to desperate acts, such as illegal land invasions. Peru is different today, but much of this book is still relevant.

A Random Walk Down Wall Street by Burton G. Malkiel
This classic treatise on efficient markets is required reading for any investor impressed with his or her own or someone else's stock-picking ability.

Raymond P. Fishe
University of Richmond

Ship of Gold in the Deep Blue Sea by Gary Kinder
The gold-laden S.S. Central America sank during a hurricane in 1857. Kinder describes the struggle to survive and the many engineering difficulties of finding the ship 131 years later. The book has it all: human drama, inventive genius, venture capital, claim jumpers, new law of the sea, and mint condition gold coins.

Historical Statistics of the United States edited by Susan B. Carter
This is a great source of data on population, employment, growth, prices, health, and government spending that covers more than 200 years. This five-volume set provides a multitude of ways to measure how far the U.S. has come since…you pick the date.

Envisioning Information by Edward R. Tufte
This book teaches how to think efficiently about converting data into visual images. The goal is to communicate what is true, provide a lasting impression, and do so with the economy of expression. The numerous figures and graphs are like a museum of visual information.

Human Capital by Gary S. Becker
It's easy to forget how important Becker's insights were because we think about education, training, and so many social interactions as investments. However, Becker formalized this way of thinking and earned a Nobel prize in 1992 for his original work.

Surely You're Joking, Mr. Feynman and What Do You Care What Other People Think? by Richard Feynman
These two books offer fascinating stories about the famous physicist's life and his role on the commission investigating the explosion of the space shuttle Challenger.


Biographical Info: Raymond P. H. (Pat) Fishe, professor of finance, was appointed the initial holder of The Distinguished Chair in Finance upon joining the University of Richmond in 2003. He earned his BS, BA, and PhD degrees from the University of Florida. Fishe has been recognized for his strong teaching skills at both the undergraduate and graduate levels and is an experienced contributor to non-credit executive education programs. He has an impressive record of research publishing in some of the best journals in the field of finance. Fishe has been researching market microstructures for nearly two decades.