This book list was first written in July 20 17, and last combed in June 2020.

This week is very idle. I sorted out the list of books, added some new books, updated the latest version of information, eliminated individual books and blogs, and revised some words. Finally, I hope it is useful to everyone.

In particular, the main orientation of this book list is to help ordinary investors get started. If you want to go further after getting started, you need constant practice, reflection and evolution.

First, the investment concept

1, smart investor

Buffett's teacher Graham is also a generation of investment masters. He has two investment masterpieces in his life, one is securities analysis, and the other is a smart investor. Securities Analysis is obscure and suitable for professional investors. Graham has the heart of all beings, so he has the Smart Investor, which is easy to understand and suitable for ordinary people to read.

We often talk about the concepts of "stock-debt balance", "margin of safety" and "Mr. Market". The most valuable part of this book is to tell an ordinary person how to invest.

2. Buffett and Soros's investment habits

To tell the truth, this book is like chicken soup for the soul, but unlike ordinary chicken soup, this pot of chicken soup is really useful. Habit has shaped each of us, and also created Buffett and Soros.

How did Buffett and Soros invest? Why do two investors with different styles have so many investment habits in common? The answer lies in this book. After reading this book, you can try to cultivate relevant investment habits. I think it should not do you any harm.

Second, the basic knowledge of investment

1, Basic knowledge of financial markets

This book is the textbook of the securities qualification examination, which is full of the most basic knowledge of securities investment, such as what is B-share, what is on-site open-end fund and so on, just like ABC in English.

At that time, the book was called "Basic Knowledge of Securities Market" and now it is called "Basic Knowledge of Financial Market".

I have always suggested that my friends around me take a securities qualification before making a formal investment. This is not a mixed certificate, but a comprehensive and systematic study of some basic knowledge. To say the least, even if you don't take the exam, you'd better read these textbooks.

The foundation is not firm, and the ground shakes. Investment is one of the most professional and cruel games in the world. If you don't even consolidate the most basic knowledge, how can you have a good return?

2. "25 lectures on the interpretation of listed companies' announcements"

The most reliable way to get investment information is to look at the announcements of listed companies, which contain countless money-making information. The problem is coming, what should I do if I can't read the announcement? Previously, Shenzhen Stock Exchange published a series of investor education books, including this one, which introduced all aspects of the announcement in detail. It is very useful after reading it, and I recommend it to you here.

3. The real rules of the stock market

This book was written by the head of stock analysis of Morningstar Company. Yes, it is the morning star for fund rating. This book is well written and can be used as an introductory textbook for fundamental analysis. It is comprehensive and specific from competitive advantage and valuation to specific industries, and it is worth reading.

4. Financial history: The Great Game, written by John S Gordon; Twenty years of the stock market, by Xiao Bin; Xiang Yan's The Road to Value; Twenty years of honor and disgrace, written by Kan Zhidong; Too big to fail, by Andrew Ross Sorkin.

The market is a circular sequence. Although history does not repeat, it always has the same rhyme. Knowing the history of the stock market at all times, at home and abroad can quickly increase your experience value, which is one of the reasons why I was able to escape unscathed in the 20 15 stock market crash.

After reading The Great Game, you will feel that the China stock market is really a paradise market. Twenty Years of Honor and Disgrace is the memoir of Kan Zhidong, the first generation securities tycoon in China and former president of Shen Yin Wanguo. After reading this book, we will have a different understanding of the China stock market, especially the IPO system. After reading "Twenty Years of Stock Market" and "The Road to Value Pursuit", to paraphrase a popular saying, if you know me in the past, you will forgive me now; After reading "Too Big to Fail", we will understand that we should not hope for any rescue initiated by non-market forces.

Third, investment strategy.

1. Institutional investment innovation and unconventional road to success.

The author of these two books is David F.Swensen, who is the chief investment officer of Yale University and is known as the God of Wealth of Yale. By 20 16, he had been in charge of the Yale Endowment Fund for 3 1 year, and the assets of the Yale Endowment Fund had increased from 1985 to $21300 million.

Both books are about asset allocation. In investment, asset allocation has the greatest impact on our income. This is strategy, and everything else is tactics.

The first book is written for institutional investors, and the latter book is written for individual investors; The latest translation of unconventional success is extraordinary success: the best strategy for personal investment. Personally prefer the original name.

2. Buffett series: Buffett's letter to partners, Buffett's letter to shareholders, Buffett's various speeches, snowballs and Buffett's biography.

There are countless words about Buffett. Apart from his two biographies, I choose to read only Buffett's original words and refuse all kinds of second-hand interpretations.

I have read Buffett's letter to the partner (1957- 1970) at least five times. In fact, the title of this book can be changed: from 65438+ billion to 65438+ billion, Buffett's youth. This book records Buffett's investment history from the age of 27 to 40, and the asset management scale has accumulated from 65,438+10,000 to/kloc-0,000,000. I think Buffett is the most worth learning for individual investors at this stage.

Letter to shareholders, such a classic study material is not explained much, please see the original text:

Letters /letters.html

In addition, Buffett has a lot of public speeches and questions and answers. Others have basically asked the questions we want to ask Buffett. Just look at his old man's answer directly. These contents are often read and memorable, but unfortunately there is no full text, so I can only organize them myself.

If you want to know Buffett, reading his biography is essential. As for which to read, you are free. At school, I read Snowball. I read it in the clouds. 20 16 rereading this book, I feel Ma Pingchuan, bright and relaxed. Maybe it's time.

3. Poor Charlie's collection

Munger evolved Buffett from an ape to an adult. Reading Munger's book, I not only learned to invest, but also learned to be a man. Many words are meaningful and worth repeating. Among them, the one that has the deepest influence on me is that the most reliable way to get what you want is to make yourself worthy of it.

4. Successful investment in Peter Lynch and victory over Wall Street.

The authors of these two books are both famous Peter Lynch. The former is about methodology, while the latter is about specific cases. Many situations we encounter in the stock market can be found in corresponding cases. Personally, I prefer Beating Wall Street, but if you want to fully understand Lynch's investment methods, you should read the two books together.

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