Finance is a highly technical subject that takes years to learn and fully master. Supplementing your formal education or job experience with these five finance books can help you master the subject faster. That being said, these titles are also a good read for finance enthusiasts who enjoy reading about financial markets and investment products.
The Intelligent Investor
Authored by Benjamin Graham, who is revered as the Father of Value Investing, The Intelligent Investor talks about time-tested long-term investment techniques and risk management practices. Graham maps out his security-selection approach to build his ideal low-risk investment portfolio. Since it was first published in 1949, Graham’s book’s teachings remain applicable to modern financial markets.
The Alchemy of Finance
One cannot only learn the world of finance without learning about what George Soros has to say. Soros made his claim to fame in 1992 when he brought down the Bank of Egland with a single trade that pocketed him more than one billion pounds. In The Alchemy of Finance, Soros talks about his comprehensive reflexivity approach to trading the markets.
Think and Grow Rich
For readers who want something less technical but still abundantly rich in finance-related information, Think and Grow Rich by Napoleon Hill is a good read that hits both criteria. The book instills several evergreen ideas for personal financial success. It requires you to do tasks beyond the realm of reading. For instance, it recommends that you write your daily goals and recite them regularly.
Rich Dad Poor Dad
Another classic literature for personal growth and finance readers is Robert Kiyosaki’s Rich Dad Poor Dad. The book helps you cultivate a smarter and fiscally more responsible mindset that enables you to make better investment decisions and spending habits. The book’s success is attributed to Kiyosaki’s no-nonsense and courageous approach to dispensing financial advice.
A Random Walk Down Wall Street
A less mainstream title in the finance literature section, A Random Walk Down Wall Street by Burton Malkiel, talks about smart investment strategies that incorporate behavioral finance, a branch of study that studies the impact of psychology towards investment decisions and results.
Start making better investment decisions and building good financial habits by grabbing a copy of these five titles mentioned above before the year ends.