Top 10 Must-Read Books on Finance

Anyone who has studied or is familiar with the world’s greatest investor, Warren Buffett, will understand that his success is not only attributed to his investment and management skills. Behind that success lies a set of remarkable philosophies that he himself developed. Many of Buffett’s principles and investment strategies run counter to the theories taught in schools. How will you approach investing? Over time, you'll find the answer. Start with reading The Investment Lessons from Warren Buffett. This book answers the question: What made Warren Buffett, the legendary investor from Omaha, so successful? A question that has puzzled many and inspired countless works.

Buffett’s investment principles often go against modern financial theory taught in universities, and they include:

• No emphasis on diversification, focusing instead on a concentrated portfolio
• A long-term business approach rather than short-term gains
• Risk is not defined by market volatility but by the probability of a loss on an investment, etc...

Buy link: shopee.vn/Sách-Những-Bài-Học-Đầu-Tư-Từ-Warren-Buffett-i.44665496.1095094325?

The Big Short is Michael Lewis's memoir about his four years at the investment firm Salomon Brothers, from his early days as an inexperienced rookie to becoming a successful bond trader, capable of making millions for the firm and profiting from the modern-day gold rush.

This book captures the height of an era full of madness and volatility—providing a behind-the-scenes look at a chaotic and unusual period in the U.S. economy. With in-depth insights and humorous explanations from those directly involved, Lewis describes the years from 1984 to the 1987 crash as a time when rampant greed and ruthless methods of wealth-building dominated the financial markets.

Purchase link: shopee.vn/Book-The-Big-Short-2021-AlphaBooks-i.171969282.10770215189?

The Black Swan refers to highly improbable events that share three key traits: first, they are unpredictable; second, they have a major impact when they occur; third, after they happen, people often fabricate explanations that make them seem less random and easier to predict than they truly are. The unexpected success of Google could be considered a famous 'black swan,' as could the horrific events of September 11th. For Nassim Nicholas Taleb, The Black Swan symbolizes almost everything in the world, from the rise of religions to minor events in our daily lives.

Why do we fail to recognize 'black swan' events until after they happen? Taleb argues that it's because we focus too much on insignificant details, ignoring the larger picture. We repeatedly focus on what we know while dismissing what we don’t know. This leads to inaccurate assessments of opportunities and an inability to resist oversimplification, narration, and categorization. Naturally, we’re not broad-minded enough to reward anyone who can imagine 'the impossible.'

Subtle, sweeping, and full of astonishment, The Black Swan will change your perspective on the world. Taleb is truly a master of the genre, delivering thought-provoking stories with humor, boldness, and eccentricity.

Purchase link: shopee.vn/Book-Black-Swan-299K-i.44665496.3931431560?

13 Principles of Thinking Rich and Growing Rich is the ultimate guide that reveals the essential resources you need to succeed. This book will help you achieve wealth and enrich your life in every way, not just financially and materially. The ideas in Think and Grow Rich – the 13 principles of thinking rich and growing rich – stem from powerful motivations: 'Personal success' and 'Positive thinking.'

More than just outlining the power of these principles, the book presents extraordinary insights that were written years ago but still resonate with modern relevance. Hill discusses concepts like group management, exceptional customer service, tangible tools, collective intelligence, and the importance of writing down goals before taking action.

Purchase link: shopee.vn/Book-13-Principles-Thinking-Rich-Growing-Rich-i.50966696.4921273240?

Security Analysis is one of the most influential finance books ever written. With over a million copies sold through five previous editions, this book has provided generations of investors with invaluable philosophies and techniques in investing, as developed by Benjamin Graham and David L. Dodd.

Based on the content of the second edition, published in 1940, this sixth edition includes lively and practical essays written by distinguished contributors. The team includes legendary value investors, talented academic experts, and top global financial writers. Readers will benefit from the experience and wisdom of the finest practitioners in the financial world and the most informed market observers.

Security Analysis by Benjamin Graham and David Dodd is often referred to as the “bible of value investing.” This comprehensive and detailed work is filled with timeless wisdom for future generations. In this book, the authors provide useful lessons and investment methods with excellent applicability even today. It’s no wonder that Warren Buffett considers Security Analysis to be “A roadmap in investing that I have, am, and will continue to use.”

Purchase link: shopee.vn/Security-Analysis-By-Benjamin-Graham-David-L-Dodd-i.40185230451130?

Personal finance management planning provides a detailed guide on how to achieve financial independence and retire early, so that you never have to worry about money again and can live the life you desire. Based on the 4% Rule, combined with the Scarcity Mindset, Cash Buffer, and Yield Shield, this book offers a practical, scientific strategy that adapts to various individual circumstances.

With clear charts, simple formulas, and easy-to-understand examples, Personal Finance Management Planning enables anyone to adopt Kristy and Bryce’s approach. This means you can replicate their success: financial freedom, quitting a job you don’t love, retiring young, and traveling the world – all while your wealth continues to grow thanks to smart investing. The calculations are already provided, so set aside doubts and explore a whole new direction!

Authors Kristy Shen and Bryce Leung retired at 31 and 32 to travel the world, while their net worth continued to rise. Kristy and Bryce write to help others achieve financial independence and live life to the fullest.

Purchase link: shopee.vn/Personal-Finance-Management-Planning-i.188606801.4336178145?

Through the book The Headquarters of the Crime Lords, Den of Thieves depicts the fraudulent tactics of figures like Michael Milken, Martin Siegel, Ivan Boesky, and Dennis Levine, highlighting their corrupt activities in the investment world. These tactics included using insider information and taking advantage of the 1987 U.S. stock market crash. The book also offers insight into how insider trading became more widespread in the U.S. stock market, influenced by the ambitions of powerful individuals who had the ability to 'predict' market shifts.

This book proves that in the U.S. stock market, those who can evade detection for long periods become increasingly dangerous, with their fraudulent activities reaching unprecedented levels by the time they are uncovered. It is used as a textbook in top U.S. MBA programs and serves as a guide for anyone dreaming of becoming a 'tycoon' through stock market trading. It is also an excellent read for those pursuing careers in finance or already working in this field.

Link to buy: https://www.fahasa.com/sao-huyet-cua-nhung-ong-trum.html

The Intelligent Investor is a classic book on investing. As the greatest investment advisor of the 20th century, Benjamin Graham has taught and inspired countless people worldwide. His 'value investing' philosophy protects investors from major mistakes and teaches them how to develop long-term strategies. This made "The Intelligent Investor" an essential guide to the stock market from its first publication in 1949.

Over the years, the dynamics of the market have proven the wisdom of Graham’s strategies. While keeping Graham's original text intact, this reprint includes updated commentary by the renowned financial journalist, Jason Zweig. Zweig's insights draw parallels between Graham's examples and current financial news, helping readers better understand how to apply Graham's principles in today's market.

Timely and essential, "The Intelligent Investor" has become the most important book for anyone looking to achieve their personal financial goals.

Link to buy: shopee.vn/Sách-Nhã-nam-Nhà-Đầu-Tư-Thông-Minh-(-Phương-pháp-đầu-tư-giá-trị-Benjamin-Graham-)-i.2921062.265533049?

On Top of Wall Street is known as a great book that shares the experiences and investment strategies of Peter Lynch, one of America's top financial managers. It is regarded as one of the classic books on stock market investing. Peter Lynch advises against buying stocks just because you like a store or a product it sells. He also warns against purchasing stocks of a company simply because it makes something you like or because you enjoy eating at its restaurant.

While liking a store, product, or restaurant is a good reason to start researching a company, it is not enough to convince you to invest in its stock. Always remember, never invest in any company until you have thoroughly researched its earnings prospects, competitive position, investment outlook, expansion plans, and more — essentially completing your own "homework".

Link to buy: shopee.vn/Sách-Trên-đỉnh-phố-wall-i.408127245.11206451242?

Daniel Kahneman, an American-Israeli psychologist born in 1934, won the Nobel Prize in Economics in 2002. He devoted his life to studying human behavioral psychology. Along with his late collaborator Amos Tversky, the two conducted deep research on the ways humans think and perceive the world.

Thinking, Fast and Slow is a famous book that synthesizes decades of research by Kahneman. It is considered a 'masterpiece' in understanding human behavior, revealing both rational and irrational patterns in your own thinking.

The book has won numerous prestigious awards, such as Best Science Book by the National Academy of Sciences in 2012, The New York Times' Best Book of the Year in 2011, and the Los Angeles Times' Most Thought-Provoking Book of 2011, among others. It meets two key criteria for a great book: First, it challenges the reader's views; second, it is not just a collection of dry facts but an engaging, entertaining read. Without a doubt, this is an essential book for everyone, especially those in finance.

Link to buy: shopee.vn/Sách-Tư-Duy-Nhanh-Và-Chậm-Nên-Hay-Không-Nên-Tin-Vào-Trực-Giác-(Thinking-fast-and-slow-Daniel-Kahneman)-i.44665496.707372593?