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Beginner Finance/Business/Economic Books

Posted on 1/3/13 at 5:45 pm
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42436 posts
Posted on 1/3/13 at 5:45 pm
About to start reading Thinking, Fast and Slow.

Any other recommendations?
Posted by Bayou Tiger
Member since Nov 2003
3657 posts
Posted on 1/3/13 at 6:59 pm to
Copy/paste of my response to a prior variant of this thread. If I had to pick just one, it would be The Visual Display of Quantitative Information. It should be required reading for anyone who works with numbers.

quote:

How to Argue and Win Every Time, by Gerry Spence - This is a great book on how to frame your points in terms of others' interests. It was the most influential book that I have read and really changed the way that I communicate with others.

The Visual Display of Quantitative Information, by Edward Tufte - This is a simply fabulous book on how (and how not) to make graphs, charts, and tables that most efficiently and effectively convey your ideas. Despite the horrendously boring title, the book is quite an easy read and was very insightful even a few years into my career. I have reread it a couple of times. He has two follow-up books, Envisioning Information and Visual Explanations, that are also good but not as essential as the first one.

Getting to Yes, by Fisher, Ury, and Patton - This introduces some key concepts that can help anyone go from haggler to negotiator. Terms like "principled negotiation" and BATNA (Best Alternative to a Negotiated Agreement) can help immediately and pave the way for more detailed study in negotiation.

Difficult Conversations, by Stone, Patton, and Heen - I consider this great follow-up reading to How to Argue and Win Every Time. It helps frame the thought process for a number of difficult conversations, from feedback to family conversations to apologizing or even expressing affection. This is not your typical "soft skills" book and was crafted by the team of the Harvard Negotiation Project. It is very underrated and a practical book that would benefit anyone.
Posted by wiltznucs
Apollo Beach, FL
Member since Sep 2005
8959 posts
Posted on 1/3/13 at 7:24 pm to
Investments - Bodie, Kane, Marcus

Big Picture Investing - Navarro (an audiobook available at most libraries) does a good job tying together basic macroeconomic principles to the stock market
This post was edited on 1/3/13 at 7:27 pm
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
42436 posts
Posted on 1/3/13 at 7:38 pm to
I've seen 1, 2, and 3 before. Will definitely check them out. thanks for the recommendations.
Posted by Bayou Tiger
Member since Nov 2003
3657 posts
Posted on 1/3/13 at 7:41 pm to
quote:

Investments - Bodie, Kane, Marcus
That's a blast from the past. I'll bet I still have the PDF of that book on my hard drive. We used that in my MBA investments class.
Posted by Cold Pizza
Member since Sep 2011
7639 posts
Posted on 1/3/13 at 7:42 pm to
A Random Walk Down Wall Street
Posted by wiltznucs
Apollo Beach, FL
Member since Sep 2005
8959 posts
Posted on 1/3/13 at 7:45 pm to
quote:

That's a blast from the past. I'll bet I still have the PDF of that book on my hard drive. We used that in my MBA investments class.


It's still the gold standard and in it's 9th edition. I used it in my MBA Investing class too...
Posted by GoCrazyAuburn
Member since Feb 2010
34843 posts
Posted on 1/3/13 at 8:20 pm to
quote:

A Random Walk Down Wall Street
Posted by Tha Herg
Herget Dorm
Member since Jul 2009
2924 posts
Posted on 1/3/13 at 8:37 pm to
quote:

Investments - Bodie, Kane, Marcus



Used it in my MBA investments class as well. I liked the first half of the book for beginning investors but the second half gets really bogged down in formulas and complicated portfolio strategies.
Posted by wiltznucs
Apollo Beach, FL
Member since Sep 2005
8959 posts
Posted on 1/3/13 at 8:54 pm to
Very true... The second half is pretty deep but the first is solid...
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13845 posts
Posted on 1/3/13 at 9:41 pm to
Per this board I purchased The Millionaire Next Door and A Random Walk Down Wall Street.

ETA: Reading Millionaire now and it is good. Haven't got to the other yet.
This post was edited on 1/3/13 at 9:43 pm
Posted by TheSurge
The Keg
Member since Nov 2009
183 posts
Posted on 1/4/13 at 12:18 am to
Hey Bayou Tiger, wiltznucs, or Tha Herg.....

I'm starting my MBA's investments class Monday. If you still have the PDF of Investments 9th ed. can you shoot it my way. surgekmcnally@gmail.com TIA
Posted by matthew25
Member since Jun 2012
9425 posts
Posted on 1/4/13 at 1:30 am to
Go see (or rent): Inside Job.

Go read: The Big Short by Michael Lewis.
Posted by blowmeauburn
Baton Rouge
Member since Sep 2006
7885 posts
Posted on 1/4/13 at 1:35 am to
quote:

If you still have the PDF of Investments 9th ed. can you shoot it my way. surgekmcnally@gmail.com TIA


I would love a copy of it too if you wouldn't mind. Just let me know and I will post email.

Also, just got done reading Big Short and I read Boomerang before that. Lewis' style is very easy to follow and I feel smarter after reading his books.

Another good author/professor is Niall Ferguson. Cash Nexus and the Ascent of Money are good starts. You can actually just watch the Ascent of Money documentary on Youtube if you want. I also have been watching his latest, The War of the Worlds, which is more about history than finance but still fairly relevant.

I would also check out the PBS documentary "The Commanding Heights". Excellent break down of the competing economic theories.
This post was edited on 1/4/13 at 1:40 am
Posted by Bayou Tiger
Member since Nov 2003
3657 posts
Posted on 1/4/13 at 6:16 am to
quote:

I'm starting my MBA's investments class Monday. If you still have the PDF of Investments 9th ed. can you shoot it my way.
Looks like mine is 5e, but I sent it anyway. You could probably get that edition for $10 if half.com if it is anything like the way old editions of textbooks used to be (which is why I bought old editions of textbooks when I was in school).
Posted by rsande2
Member since Jan 2006
3423 posts
Posted on 1/4/13 at 10:49 am to
quote:

Any other recommendations?


Millionaire next door

What color is my Parachute

Beating the street

Posted by sstig
Houston
Member since Oct 2003
2766 posts
Posted on 1/4/13 at 12:51 pm to
Read "The Wealthy Barber". Simple concepts, long term view and less worry. Worked for me.
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