Key words:
Biography of value investment in financial history
Biography class
1, Morgan consortium-American banking dynasty and the rise of modern financial industry, 2nd edition.
English name: the house of Morgan: a American banking dynamic and the rise of modern finance, by Ron Chernow, published by China Financial and Economic Press in September 2003.
Highlight: the history of Morgan family and the panorama of the development and evolution of American financial market and banking industry in19-20th century. Mr. Jin Liqun, former Vice Minister of Finance and now President of the AIIB, represents the highest level of translation in China.
2. The Warburg family
English name: The Warburg: The Twentieth Century Odyssey of an Extraordinary Jewish Family. At present, there is no Chinese translation in mainland China.
Highlight: The rise and fall of Warburg (the predecessor of ubs warburg), a famous merchant bank founded by German Jewish businessman Sigmund Warburg, reflects the great influence of the changes in the political and economic structure in Europe and America in the19-20th century on the development of bankers and financial institutions (especially investment banks).
3. Lochiel, a noble family
English name: The House of Rothschild: Money's Prophets1798-1848 (Part I) The House of Rothschild: World Bankers 1849- 1998 (Part II) by Oxford scholar Niall Ferguson is still in the mainland.
Recommended reason: Roche (German Jew), as the most important banking family in the evolution of political, economic and financial markets in Europe for more than 200 years, its success or failure is closely related to the strength of Britain and the United States and the ups and downs of the status of financial centers such as Paris, London and new york.
4. Citigroup Empire
English Name: Tearing Down the Wall: How Sandy Weir struggled to reach the top of the financial world ... and then almost lost everything.
Monica Langley, a famous reporter of Wall Street Journal, was published by CITIC Publishing House on June 5438+ 10.
Recommended reason: The book describes in detail Sandy Weil's legendary achievements from starting a small brokerage company to successively acquiring Hilsen, American Express, Traveler Insurance, Smith Barney, salomon brothers and Citibank, and also provides many experiences, lessons and inspirations for the professional development of international financial institutions. Market situation
5. Thief's Nest
English name: Thief's Nest, written by James B.Stewart, a famous reporter of The Wall Street Journal, was published by the International Culture Publishing Company in May 2004 and won the Pulitzer Prize for Journalism in the United States.
Highlight: Documentary narration of the largest insider trading network in American financial history, which was established by the "King of Bonds" on Wall Street, Jews michael milken and Ivan Buschi, Martin Siegel and Dennis Levin. At the same time, it can also be regarded as the rise and fall history of Drexel Burnham Lambert, which was a great success in the 1980s.
6. Barbarian at the door
English name: Man at the door: the fall of RJR· Na Beske
Bryan Burrough and John Heyar, published by Machinery Industry Press in May 2004.
Recommended reason: interlocking, gradually reappearing the largest leveraged buyout transaction in the history of Wall Street (the battle of RJR Na Beske Company); At the same time, it also gives readers a deeper understanding of the growth process of ——KKR, a model private equity investment company in the United States, and the career development of related professionals. Reading this book today, you will definitely think of the current Vanke storm.
7. "Liar's Poker"
English name: liar's poker
Michael lewis, published by Hainan Publishing House in September 2000.
Highlight: The classic works of former traders of salomon brothers Company, from which readers can learn about the development of American securities market in 1980s and know a lot about trading fields.
8. "Big deal"
English name: Big Deal: M&A in the digital age.
Author Bruce Wasserstein, published by Hainan Publishing House in June 2000.
Recommended reason: Lazard &；; Co.), CEO of investment bank, briefly reviewed and analyzed the reasons, traders and trends of the development of modern capital market and enterprise mergers and acquisitions. General situation of colleges and universities and career development
9. Wall Street titans
English names: Who's Who on Wall Street and what Wall Street has seen.
Editor and reporter of The Wall Street Journal, published by Hainan Publishing House in February 2000.
Highlight: Make a panoramic analysis of the largest and most dispersed full-service companies, major retail brokerage companies, institutional trading companies, investment banks and commercial banks on Wall Street in terms of company structure, development strategy, assets, profit and loss, etc. The book also introduces in detail the places where Wall Street brokers do most of their business-the new york Stock Exchange and Nasdaq, and the government agencies that manage their business-the Securities and Exchange Commission and the Federal Reserve Board of Directors.
10, Dream Chasing on Wall Street
English name: monkey business: shuttling through the jungle of wall street
By John Rolf and Peter Trobe, Mechanical Industry Press published 5438+0 in May 2006.
Recommended reason: Two MBA students who just graduated from American business schools reviewed their mental journey from entering Wall Street to becoming "standard investment bankers" with humorous strokes. For MBA students who aspire to start as analysts and assistants and enter the investment banking industry, the reference value of this book is self-evident.
Financial history category
The collapse of 1. 1929 was written by John Kenneth Galbraith.
It is this book that taught me about risks and how to grasp investment opportunities in risks. This book comprehensively, systematically and accurately reviews that suffocating day in history, aiming at "uncovering the root of the disease and attracting the attention of treatment". Since the first edition of 1954, the book has been published in 1955, 196 1, 1972, 1979, 1988,/kloc.
The writer Charles R. geist was a financial market analyst and investment banker. This book shows readers the history of Wall Street investment banks in an all-round way, which is the first time that someone has studied and verified these financial legends in the United States in such a nuanced way. No matter who is interested in the story behind the headlines of American history and business magazines, or who wants to know how American financial tycoons dug up the "first bucket of gold", this book is worth reading.
3. Great Game Author: john still Gordon
The Great Game is a book about the development history of American capital market represented by Wall Street. This book takes Wall Street as the main line and shows the whole process of the development of American capital market. It vividly tells the legendary history of Wall Street's development from an ordinary street to a world financial center, and shows the great role of American capital market represented by Wall Street in the process of American economic development and take-off. A large number of historical facts and economic data in the book enable readers to understand the development process of American capital market more comprehensively and accurately.
4. The Adventure of Capital Author: john still Gordon
Is this book John's? s？ Gordon is another masterpiece after The Great Game. Different from the current business management books with advanced ideas, Gordon only recreates the thrilling scenes in American business history and reproduces the brilliant temperament of capital tycoons through his careful arrangement. Capital is a force for change. Those business geniuses either seized the opportunity of heaven and earth or found a new way to maximize the imagination of individuals and the times and created the great scene witnessed by you and me today.
What everyone cares about is how the society ventures with capital to develop, and how enterprises venture with capital to become stronger and bigger. We may not go the same way as the United States, but their experience and lessons are very enlightening to us.
5. John's Boiling Years? Brooks
This classic book about the bull market in the American stock market in the 1960s tells an amazing story about the people, events, market factors and the trend of the times that pushed the stock price up and made many people become millionaires throughout the 1960s-until the inevitable crash of 1970.
This book tells the story of a crucial era in American financial history. It is 65,438+00 years, belonging to the concept of revolution, growth and performance of young people, investing in day traders and mutual funds. Witnessed the wave of new shares, creative accounting, endless investment stars and joint ventures in 10. There are many works about the 1960s, but few people can capture what happened on Wall Street in this critical era.
6. Financial History of Western Europe: Charles? Kindenberg
The author gives a wonderful review of the process of European financial history from the early days to the present. It helps us to understand the evolution of western European currencies, the emergence of the gold standard and multiple standards, the establishment of banking systems in continental Europe and the British Isles, the general situation of foreign investment, the integration of regional and global finance and the history of public and private financing in Europe.
In the long history of the evolution of the financial system, Western Europe plays an important role. It has countless "best". For example, the earliest currency, currency exchange and financing behavior appeared in medieval Western Europe. The earliest central bank in western Europe is the Bank of England, which was established in 1694. The earliest gold standard of monetary system originated in Britain in 17 17. Western Europe is not only the birthplace of financial system, but also the birthplace of financial theory.
Of course, early bubbles, such as tulip mania, Mississippi bubble and south sea bubble, also appeared in Europe. Therefore, the study of world financial history, Western Europe can not be omitted. It is precisely because of its profound and long-standing financial origins that the financial history of Western Europe has attracted extensive attention from historians and financial economists.
The author of this book is Charles P. kindleberger, a famous American economist and former chairman of the American Economic Association. It has achieved fruitful results in the fields of development economics, financial crisis, international investment and reform of the international financial system. As a famous economic historian, Gindberg is good at extracting the spark of thought from seemingly boring historical facts.
From 1929 to 1933, kindleberger's work, life and study were deeply affected by the economic depression. Probably for this reason, he paid close attention to the crisis events in financial history. Through these tragedies, kindleberger found the root of the crisis-bubble. This is really commendable in the era of underdeveloped financial markets. It is because of his pioneering contribution to the bubble theory that he wrote the word "bubble" in the New palgrave Dictionary of Economics. In addition, kindleberger is aware of the need to reform the international financial system. His famous saying "If the world economy is to become stable, there must be a stabilizer, and there can only be one stabilizer" is the blueprint of hegemonic stability theory. Strictly speaking, kindleberger is not a prolific writer, but he is meticulous.
7. Investment Trap-30 Catastrophic Scandals in Financial History
Historically, Xintai Electric's financial scandals and other events have emerged one after another! There are countless similar "disasters" in financial history-many of them have obvious similarities. This book reveals how the bad behavior of speculators and the unwise actions of investors in these incidents led to disasters, and warns people to avoid falling into the investment trap!
The greatest value of this book is that it proves with sufficient data that if it is held for a long time, stocks are safer assets than bonds or even cash, and can obtain much higher returns than bonds. In the long run, buying stocks can not only outperform inflation and CPI, but also be safer than bank deposits. After reading this book, you will accept this view.
Hundred Years of Mergers and Acquisitions is an exciting picture, depicting all the famous mergers and acquisitions in the United States in the 20th century. From the merger of J.P. Morgan Chase and Carnegie in the early 20th century to the merger of AOL and time warner Inc Inc. at the end of the century, Charles geist, a famous business historian and best-selling author, traced back and reviewed the mergers and acquisitions that had the greatest impact on industry and finance in the past century, showing the people behind these events by year and how they spent money instead of long-term. Knowing about mergers and acquisitions, you will understand how to really look at securities investment from an industrial perspective.
Value investors must read.
1, clever investor Benjamin Graham
Graham is the founder of value investment theory. Buffett called this book the best investment book ever, straightforward and familiar, and interesting to read. Ba Lao recommended it, so I recommended it first.
2. Securities analysis of Benjamin Graham.
"Securities Analysis" and "Smart Investor" are recognized as "epoch-making and landmark investment bibles". It's just that Securities Analysis is a bit thick. In an era accustomed to chicken soup feeding, holding a book in your hand may cause fear of difficulties. In addition, the first reading is a bit boring, too far away from today's times, but classics are classics, which is the real enlightenment of investment bankers.
3. David Angel Horn's Fool Some People Forever (novel).
The author is the founder of the famous Green Light Capital. This book introduces the story of how he shorted United Capital.
4. Peter Lynch's Beat Wall Street.
Investment guru Lynch's book, which is a practical guide to stock investment strategy specially written for amateur investors. The style of writing is simple, and the translated language is also very ethnic.
5. Philips A. Fisher, author of How to Choose Growth Stocks.
Buffett believes that his own investment system is based on the author of this book and the author of the first book.
6. Reverse investment strategy-the next generation of david dreman.
Dreiman is called "the father of reverse investment". This book briefly explains the value investment strategy that can bring high rate of return, and also vividly describes the psychology of investors.
7. Joel Greenblatt's short book "Beating the Market".
The writer is the founder of Gotham Capital. He is well-known in the American investment community with a set of simple and easy-to-understand "magic formulas". His investment company has achieved an average annual return of 40% in more than 20 years. In this book, greenblatt explains two criteria for judging whether an investment will bring a good return.
8. Margin of safety (a well-thought-out investor's risk average value investment strategy).
I recommended this book on my blog and introduced the author's life. This is a good book.
9. Value Investment: From Graham to Buffett and Beyond Bruce greenwald.
This book introduces different styles of value investment.