MARCH 21, 2003

READING LIST

Erik Sirri's Book Recommendations


Erik Sirri's Book Recommendations^^^^Erik Sirri's Book Recommendations
Erik Sirri
Assoc. Professor of Finance
Babson College


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Reading List:


• THE VICTORIAN INTERNET by Thomas Standage
"The book details the evolution of the telegraph and how it changed the world in its time. As the title suggests, it makes the connection between telegraphy and the internet, but it does so it an entertaining and insightful way. Both the manner of use of the telegraph and the follies that surrounded it form a remarkable parallel to today."

• THE PLEASURE OF FINDING THINGS OUT by Richard Feynman
"This is a short book by Richard Feynman, the Nobel Laureate in physics better known for his book "Surely You're Joking, Mr. Feynman." This book excels at conveying one man's passion for his work, in this case, Science. From his relationship with his father to his accomplishments as a mature adult, you can't help but have some of Feynman's enthusiasm and passion rub off."

• THE MARCH OF FOLLY by Barbara Tuchman
"This book talks about the lack of enlightened self-interest down through the ages. Tuchman pulls from the times of Troy, the Middle Ages, and more modern examples to discuss the failure of government to act in its own best interest. The most engaging example is the failure of the Catholic Church to deal with the reformation of the church and the rise of Protestantism as a response to its own failings. Tuchman writes well and tells an engaging and consistent story."

• THE TRANSFORMATION OF WALL STREET by Joel Seligman
"This book details the evolution and role of the Securities and Exchange Commission in regulation Wall Street. If you believe, as I do, that regulation shapes much of the financial world and that both this world and its regulation are changing, then you will like this book. But it is heavy going and often covers small details of the law. It is the best book I have found that paints a comprehensive picture of the story of the oversight of our financial markets."

• THE HOUSE OF MORGAN by Ron Chernow
"Chernow tells a great story, and Morgan is a great subject. The book covers the beginnings of the firm and its evolution up to the present, spending considerable time focusing on J.P. Morgan and his times. Coupled with the Seligman book above, it can change your view about how Wall Street really works."

• FOX IN SOCKS by Dr. Seuss
"I have found this book, which is one long crazy tongue-twister, does wonders to quell the recalcitrant student when I make them read a few pages aloud. Nothing I give them in class seems to be as difficult."



Biographical Info:

Erik Sirri is an Associate Professor of Finance at Babson College and is the holder of the Walter H. Carpenter Chair. His research interests include the interaction of securities law and finance, the design and performance of securities exchanges, and the mutual funds industry. He has authored numerous academic articles, book chapters, and business school cases. From 1996 to 1999, Sirri was the Chief Economist of the U.S. Securities and Exchange Commission in Washington, D.C. In that capacity, he served as the senior advisor to the Commission and its Chairman on major economic policy issues. Before joining the SEC, Sirri was an Assistant Professor of Finance at the Harvard Business School from 1989 to 1995. Sirri received his B.S. in Astronomy from the California Institute of Technology in 1979, an M.B.A. from the University of California, Irvine, in 1984, and his Ph.D. in Finance from the University of California, Los Angeles, in 1990. Before becoming a professor, he worked on planetary astronomy missions for NASA and on space surveillance sensors in the aerospace industry. He has consulted for mutual fund companies, stock exchanges, brokerage houses, economic litigation firms, investment banks, and proprietary trading firms.




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