Want to learn about investing and finance fast - Need Books to read!
Hello WSO,
I'm a student at a target university and want to learn more about finance and investing fast. I don't know much as the only thing I have been doing is reading certain articles/publications on WSJ and Seeking Alpha. What books did you guys use to teach yourself accounting/finance/investing/trading? I have some "for dummies books" but I'm not sure if they're the best.
Take some classes on Udemy. Relatively cheap to do. They have investment banking courses, specifically.
Hey there. You can try these:
For rock solid, intuitive understanding: Take up Damodaran's playlists on Valuation or Corporate Finance. If you want to have a grip on theories, you can go through his textbooks as well. But the free lectures and playlists will suffice for the beginning.
For getting the theories drilled in: CFA Level 1 material.
For watching it in live action: Any financial modeling course like Breaking Into Wall Street. Financial Modeling & Valuation Analyst (CFI) has decent refresher courses. You can use the free refresher courses to get the basics cleared out.
To understand IB: Rosenbaum.
To figure out whether the earnings make sense: Dead Companies Walking, Fooling Some of the People All of the Time, Expectations Investing, Quality of Earnings, Financial Shenaningans.
For philosophizing Finance: Works of Adam Smith (the first hardo), Nassim Taleb, George Soros, Grant's Interest Rate Observer (Even the older ones would do).
Investor Newsletters: Howard Marks (They're free!), Seth Klarman (if you can find them, please post a link) and Vitaliy Katsenelson's newsletter. .
Periodicals worth considering: Institutional Investor (Even the free blogs are interesting), Robinhood Snacks and Morning Brew.
Some series, documentaries & movies, because Ok Boomer: Inside Job, Margin Call, Billions, The Big Short, Enron:Smartest People in the Room, The China Hustle, Ozark, Abacus:Small Enough to Jail, Quants: The Alchemists of Wall Street.
YouTube Channels Worth a Mention: Real Vision Finance, OneWire, Milken Institute, Investor Archive, Bloomberg Live.
Welcome to the club.
Out of everything here, watching Ozark is probably the best way to prep for technicals
Yes. Obviously. That's Asset Management 101 jamming with Taxation 305.
On a serious note - some names on that list are pretty common guilty pleasures.
I would include a history of finance/thrillers section: Black Edge, Bad Blood, Red Notice, I heard the new jim simmons book is good, the buyside, billionaire's apprentice
RandomWalkTheory - these are decent titles. Michael Lewis books sound go close to the boundary of conspiracy theories, but they make very interesting reads nevertheless. There's this book called Kochland by Christopher Leonard; I just finished reading it up and it was worth all the pages. I also read What It Takes by Stephen Schwarzman; there are a few humble brags here and there but it makes up for a good read. There's the Billion Dollar Shark as well; haven't read it but have heard some solid reviews.
I think Goldman Sachs has a reading list floating around. It covers a ton of books from theoretical ones to real life inspired fiction.
This is excellent, Verbose.
Thanks, man!
You can also try Martin shkreli’s introduction to investing on youtube, he has a series of videos where he goes in depth in evaluating companies. They’re pretty boring but if you fight through it you’ll learn a ton. Hope this helps a little bit.
You really only need to read one book: damn it feels good to be a banker
The Intelligent Investor
What about industry profiles books? Like is there a book that does a good job of explaining the specifics of each major global industry? Also, what are the best stock picking books? @mjburryMD" @Antonftoni" @Verbose Corporation" jjt0407
I would just read research reports about the industries you are interested in. You can try to see if any banks have published Equity Research reports, or your university library probably gives you access to several databases that you could be useful.
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