Five Best Books to Better Understand Finance

For anyone looking for finance books, these top five books will offer them a better understanding of finance. They will provide them with a wealth of knowledge that they need to manage their finances better.

 

A Random Walk Down Wall Street

The author of the book is an economist from Princeton named Burton Malkiel. The book was initially published in 1973, and it offers advice to readers regarding some investments. Whether one is starting their profession in finance or is an established finance professional intending to broaden their investment profile, the book is an excellent market fundamental source.

 

Common Sense of Mutual Funds

This book is a guide written for investors in mutual funds. It was written in 1999 by John Bogle, the Vanguard Group founder. He argues the case for the index-based-investing value. If one is looking for common-sense financial advice, this is the book for them. He notes that the less amount of money one pays a person to manage their money, the more money they have for investing.

 

The Intelligent Investor

The book was initially published in 1949, and its author is Benjamin Graham. The book has been updated multiple times including recently by Jason Zweig, a financial writer since Graham died in 1976. The book comprises a guide to approaches in long-term investing. Through the book, Graham maps out and advocates for his value approach as opposed to investing.

 

Security Analysis

The book was first published in 1934 with David Dodd and Benjamin Graham as the authors. The book is a guide to fundamental equity investing and offers approaches to value investing. Graham was Warren Buffet’s professor at Columbia University, and Buffet was able to pick up on value investing, an approach he uses till today.

 

Barbarians at the Gate

If one is interested in junk bonds and leveraged buyouts, this book is ideal for them. The book was written in 1989 by John Helyar and Bryan Burrough. In the book, they write the history of these types of financing as they recount the struggle that involved the RJR Nabisco leveraged buyout. Initially, the writers wrote the story as Wall Street Journal writers.