.Many people think that having knowledge about finance and related subjects is important only for those working in the financial sector. While it is true that having financial literacy is incumbent upon those working as finance professionals. Having basic know-how about finance is quite important for the non-experts also. One of the best ways to gain knowledge and insights into these areas is through reading finance and banking books. In this blog, we have compiled a list of 10 must-read banking books that can benefit aspiring finance professionals and non-professionals alike.
“The Intelligent Investor” by Benjamin Graham
This is a classic book that is often referred to as the bible of value investing. Written by the father of value investing, Benjamin Graham, the book teaches investors how to analyze financial statements, identify undervalued companies, and make informed investment decisions. The book offers timeless principles and strategies that are as relevant today as they were when the book was first published in 1949.
“Security Analysis” by Benjamin Graham and David Dodd
“Security Analysis” is another classic book by Benjamin Graham and David Dodd that is essential reading for finance professionals. The book is a comprehensive guide to analyzing stocks and bonds and offers a detailed discussion of financial statement analysis, company valuation, and risk assessment. The book is considered to be one of the most influential books on investing ever written and has been a standard reference for finance professionals for over 80 years.
“A Random Walk Down Wall Street” by Burton Malkiel
“A Random Walk Down Wall Street” is a book that challenges the traditional approach to investing. The author argues that it is impossible to consistently beat the market and that investors should focus on building a diversified portfolio of low-cost index funds. The book offers insights into market trends, investment strategies, and behavioral finance, and is a must-read for anyone interested in investing.
“The Black Swan” by Nassim Nicholas Taleb
“The Black Swan” is a book that explores the impact of rare and unpredictable events on financial markets and human behavior. The author argues that these events, known as black swans, have a disproportionate impact on financial markets. The book offers insights into risk management, probability theory, and decision-making under uncertainty.
“The Big Short” by Michael Lewis
“The Big Short” is a book that tells the story of the 2008 financial crisis and the investors who profited from it. The book offers a detailed analysis of the subprime mortgage market and the financial instruments that were created to profit from it. The book is a must-read for anyone interested in understanding the causes of the financial crisis and the role of Wall Street.
“Barbarians at the Gate” by Bryan Burrough and John Helyar
“Barbarians at the Gate” is a book that tells the story of the leveraged buyout of RJR Nabisco in 1988. The book offers a detailed analysis of the corporate takeover process. That impact of greed and ego on the decision-making process. The book is a must-read for anyone interested in corporate finance and the role of investment bankers in the M&A process.
“Liar’s Poker” by Michael Lewis
“Liar’s Poker” is a non-fiction book that tells the story of Michael Lewis’s. That time as a bond salesman at Salomon Brothers in the 1980s. The book offers insights into the world of investment banking, the bond market, and the culture of Wall Street. Therefore this banking book is a must-read for anyone interested in a career in investment banking.
“The Ascent of Money” by Niall Ferguson
“The Ascent of Money” is a book that explores the history of money and financial institutions. The book offers insights into the role of banks, stock markets, and insurance companies in the global economy. The book is a must-read for anyone interested in understanding the evolution of the banking industry.
Following are some of the textbooks that are used by finance professionals. To have a deep understanding of the banking industry, financial instruments, and market trends. These and other banking books can be accessed in the free banking textbooks category at SolutionInn.
“Investment Banking Valuation” by Joshua Rosenbaum, Joshua Pearl
This banking book by Joshua Pearl is a comprehensive guide to the world of investment banking. The book covers a range of topics, including financial analysis, financial modeling, and valuation techniques, among others. The book is designed to provide readers with a practical understanding of the investment banking industry
“The Principles of Banking” by Moorad Choudhry
This banking book by Moorad Choudhry presents a practical approach to commercial banking. That covers the essential principles and practices of modern banking. It covers a range of topics, including the history and evolution of banking. Banking regulations, risk management, asset and liability management, and financial modeling.
