You'll know I'm a voracious reader if you know anything about me. Every two or three days, I read at least one business, self-improvement, sales, and marketing-related book. If you're a financial adviser, you'll be asked a lot about the finest books to read, and it's a little frustrating when you can't come up with enough recommendations.
There are just a plethora of great works to be found. On this list, you'll find a selection of my personal favorites. These are the top books for financial advisers, in no particular order. Thank you if you purchase anything through the affiliate links in this post!
Best Exploration of Risk: Against the Gods
Investing without the possibility of loss is what we mean. This is precisely what Peter L. Bernstein's "Against the Gods" explores, from ancient Greek gamblers through Renaissance probability games and teachings from some of history's finest mathematicians. It's no secret that this book is a Business Week6 and New York Times Business7 best-seller, so it's a must-read for financial pros and newbie investors. Economics and Portfolio Strategy is published by Bernstein, an author of nine books on the subject and an economic consultant.
Best Historic Account: Barbarians at the Gate
Bryan Burrough and John Helyar's "Barbarians at the Gate" focus on the leveraged takeover of RJR Nabisco and its ultimate demise. For financial professionals, it's a must-read since it demonstrates how LBOs have evolved from a controversial practice to a common one. New York Times bestseller5 and primarily regarded as one of the finest business books ever written, this book is based on multiple Wall Street Journal pieces authored by its writers. Glenn Jordan directed a TV movie adaptation of the book, which was eventually made into a film.
Security Analysis – Benjamin Graham and David Dodd
In Security Analysis, Benjamin Graham and David Dodd explain what value investing means to them. It was first published in 1934, and since then, this book has become a must-read for any financial expert. Warren Buffet, who studied under Graham at Columbia University and then worked with him for 25 years, frequently refers to it. As detailed by Graham and Dodd, investing in value is a popular strategy today.
Understanding Corporate Finance – John Cousins
What is corporate finance? Author John Cousins explains. This book will teach you how to think like a corporate finance specialist by providing a framework for understanding how, when, and where firms invest their money. Corporate finance is a company's lifeblood. Without it, it would cease to exist. Cousins teaches you how to use his technical analysis techniques to help you make important decisions, such as deciding whether to take out a mortgage or borrow money.
Reducing The Risk of Black Swans – Kevin Grogan and Larry Swedroe
Nassim The phrase "black swan," invented by Nicholas Taleb, refers to a rare and unanticipated occurrence that can have disastrous effects on an economy. Reducing the Probability of a Black Swan Occurrence It is an investment-oriented book that explains the technical aspects of evidence-based investing and provides facts and research to back up Grogan and Swedroe's writings. Investors and financial advisers who want to use evidence-based investing in fine-tuning their portfolios will find a step-by-step guide to portfolio development in this book.
Rich Dad Poor Dad – Robert Kiyosaki
Kiyosaki, the author of The Richest Person in the World, teaches the attitude needed for anybody to succeed. Kiyosaki gives you a list of crucial elements to keep in mind and to think differently from the rest of the population. It's simple to read, yet Rich Dad Poor Dad sparks a new way of thinking different from what society expects. In his book, Kiyosaki discusses a wide range of themes, including the flaws in the education system and how to change your perspective. Almost two decades later, the concepts he laid forth in his book still hold.
Mastering Financial Modelling in Microsoft Excel – Alastair Day
An expert in the financial business, Alastair Day has more than 20 years of expertise constructing financial models and spreadsheets in Microsoft Excel using the most common tools. Day explains sophisticated concepts and corporate finance solutions you'll find in the real world at various points. As a reference guide for finance professionals, this book is a must-have.
Conclusion
Even though hundreds of finance books are accessible today, these five are an excellent place to start for anybody interested in personal or corporate finance. This is a significant resource for financial professionals since the ideas in these books have stood the test of time. It is common in today's culture for people to spend their leisure time occupied with amusement. The person who spends all their leisure time watching television will fall behind the person who spends all of their free time improving their financial knowledge.
