Top ten books that financial practitioners must read

Top ten books that financial practitioners must read

Entrepreneurship guidance 1. Mankiw "Principles of Economics" Peking University Press

Comments: Many people really start to understand Western economics from Mankiw's "Principles of Economics" because it is interesting and easy to understand. "Principles of Learning" is very impressive. When I studied Samuelson's economics, I felt like a rigorous old academic. But when I studied Mankiw, it was different. I felt like a friend who could tell stories. Even if I am not engaged in the financial industry, I believe you will also like her. This is definitely a pillow book that is both affordable and impossible to put down.

2. Frederick S. Mishkin's "Monetary Finance" (2nd edition of the original book) Machinery Industry Press

Comments: Any professional engaged in the financial industry will be familiar with this book. This is the first edition of the financial major. A professional basic course textbook. In the past, Chinese university courses were called "Money and Banking". Later, with the development of the financial industry, currency gradually became part of financial products rather than all of them. Banks were also a branch of financial institutions, so it was changed to "Finance" in line with international standards. Or "Monetary Finance", which is actually the same type of book. Frederick S. Mishkin is the absolute authority in this field. Renmin University of China Press has published another version of this book, but the latest version has deleted chapters on non-bank financial institutions, derivative financial instruments, and conflicts of interest in the financial industry. I feel bad!

3. Frank J. Fabozzi's "Basics of Financial Markets and Financial Institutions" (4th edition of the original book) Machinery Industry Press

Comments: Mishkin also wrote "Financial Markets and Financial Institutions", but I personally prefer In this book by Frank J. of Yale University. "Fundamentals of Financial Markets and Financial Institutions" written by Fabozzi, because Mishkin's expertise lies in the study of monetary theory and is slightly inferior to financial institutions, and Fabozzi's book is also a designated textbook for Yale University's open courses. I like the main teacher Robert very much. Schiller’s humility, rigor and erudition, as well as his shyness from time to time in class, haha. Moreover, online videos of open courses can be downloaded anywhere. Reading the book based on the videos will give you the feeling of taking classes at Yale University!

In addition: The books mentioned in the video, such as "Irrational Exuberance", "The Long-term Magic Weapon for the Stock Market", "Beat Wall Street", and "Principles of Corporate Finance", have also been copyrighted in China, so you can refer to them.

4. Ziwei. Bodi "Investment" (7th edition of the original book) Machinery Industry Press

Comment: Can you find a more authoritative book than this one? The answer is no. If we talk about William before. If Sharp's version of "Investment" can still compete with it, the fact that the fifth edition of Sharp's "Investment" has been fixed in 2002 has further confirmed that Bodie's version of "Investment" is already the absolute best in the field of investment. NUMBER 1, a well-deserved master. However, there are indeed some problems with the translation of the 7th edition. Friends who are good at English can look for the corresponding English version.

5. Stephen A. Ross "Corporate Finance" (8th edition of the original book) Machinery Industry Press

Comments: The impact of this book on the domestic corporate finance field can be seen by looking at the piracy of this book on street bookstalls It’s spot on. The arbitrage pricing theory proposed by Professor Ross in 1976 and William. The capital asset pricing model proposed by Sharp et al. has also become a prediction method for determining the relationship between asset risk and its expected return. This is a classic book that can accompany you throughout your career and provide endless benefits.

6 Paul. Krugman's "International Economics" (8th edition of the original book) China Renmin University Press

Comment: When talking about international economics, we have to mention Paul. Krugman, the maverick Princeton University professor. Even before he won the Nobel Prize in Economics in 2008, "International Economics" edited by him had already been adopted as a textbook in major universities in my country. The theory of imperfectly competitive markets and trade that eventually made him famous is elaborated in this book. It is worth mentioning that international economics is split into two parts: international finance and international trade, which helps readers choose according to their own needs.

7. John C. Hull's "Options, Futures and Other Derivatives" Machinery Industry Press

Comments: The first time I came into contact with this book was in 2000. At that time, it was the third edition published by Huaxia Publishing House, and the price was only 49 A few years later, I accidentally went to a bookstore and saw the 6th edition of the book published by People's Posts and Telecommunications Publishing House. The price had soared to 128 yuan. Now with the 7th edition of the Machinery Industry Publishing House, the price has dropped to 128 yuan. The psychological price is 78 yuan. This book is the "Bible" in the field of financial engineering and a must-have reference book for Wall Street people. I heard from friends in the United States that the difficulty level of this book is low-to-intermediate, but it has become a high-end professional book in China. It may be a reference for domestic financial development. Probably because the gap is too big compared to the United States. One more interesting thing about the book, Will. The American version of this book was also featured in the movie "The Pursuit of Happiness" starring Smith. Interested friends should go look for it, haha.

8. Frank J. Faboz "Bond Market: Analysis and Strategy" Peking University Press

Comment: After reading the above financial basics, you should know the content of fixed income securities. Now that the stock market is so down, this is even more important. Needs more attention. Author Frank J. Fabozzi is actually Frank J., the author of "Fundamentals of Financial Markets and Financial Institutions" mentioned above. Fabozzi (the translation of the author's name in various publishing houses is not uniform, which is really confusing). The book was published in 2007. It is a bit old, but it is very classic. The content is relatively easy to read. It is basically an introductory level, especially The basic knowledge about bonds is very systematic and comprehensive, and it also has very relevant application examples. However, it also has in-depth content, so you should choose to read it yourself. In fact, I still look forward to something simpler, haha.

9. Frank? K? Riley's "Investment Analysis and Portfolio Management" (Eighth Edition) (Volume 1 and 2) China Renmin University Press

Comment: Everyone knows that the way to reduce risk is not to put your eggs in one basket , but in the unpredictable financial capital market, not everyone is Buffett or Soros. Although the modern portfolio theory of investment (000900, stock x) was invented by Harry in 1952. Markowitz proposed it in a paper called "Portfolio Selection" (Markowitz won the 1990 Nobel Prize in Economics for this), but it can really bring together the latest research results in the field of investment management. , and it is not difficult to read. I personally think this set of books is the best among them, but the price is not cheap, 168 yuan. Before buying, you can weigh your wallet first, haha.

10. William. Forbes "Behavioral Finance" Machinery Industry Press

Comment: Behavioral finance is the latest research direction in the international financial field and has launched a strong challenge to the traditional efficient market hypothesis theory. Will someone who can combine psychology and finance become the next Nobel Prize winner? This book comprehensively discusses financial phenomena and financial market models, and at the same time explains the rationality of the collision between new elements in the field of finance and old logic from a broader social science scope. Behavioral finance is an ever-evolving subject. Friends who want to understand related fields can start with this book. If you want to learn more about asset pricing, you can follow Hersh? Shevlin published "Behavioral Approaches to Asset Pricing" in 2005.

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