The list of crooks is steadily growing longer, so it is easy to be cynical. Even where there is no prosecution, like the latest case involving the 'Fabulous Fab' in which Paulson is mentioned, one has to ask do they really know how to make money the straight way. GS did not pay $550 million because they were pure as the driven snow.
Nonetheless, I have enjoyed reading a few books and intend to read a couple more. What I got out of them that has made a difference to me is how one defines a view of a market and then expresses that view in a variety of ways. That's what got me looking at options in the first place.
Books I've Read;
Inside The House of Money - Drobny
Money Masters of Our Time - Train
Hedge Fund Market Wizards - Schwager
Planning to Read;
More Money Than God - Mallaby
The Alpha Masters - Unlocking the Genius of the World's Top Hedge Funds - Ahuja
Preview them on Amazon and decide if that's what you are looking for.