10 Best Finance Books for Finance Professionals?

In the field of business, the role of finance professionals is very important. They oversee the financial framework of the organization and help sort out the financial difficulties along with the accounts department. They may be of two types which are corporate finance or personal finance. The corporate financial help in managing the firm’s financial standings and clearing off any debts that the firm may be facing. Personal financials help individuals plan their financial strategies and invest in long-term plans. Finance professionals are a huge asset for any company and so they get good pay out of their jobs. Nowadays, everyone needs a finance professional who can guide them in the right direction as regards their finances. Sometimes, finance managers also raise money for the firm by either borrowing funds or through the sale of ownership of the business. Thus, these finance managers must get better prepared for future tasks. And what better way to improve than to read a book or two? In this blog, we will be highlighting the top books for finance professionals which are time-tested and recommended by experienced financial professionals. Top Finance Books for Finance Professionals

1. The Intelligent Investor by Benjamin Graham- This book, first written and published in 1949 is one of the best finance books for professionals. Edited and updated by financial journalist Jason Zweig, this book still retains the tips given by Graham such as solidity of value investing, loss minimization, and resisting emotional decision-making when navigating financial markets. This book is a must-read for aspiring finance professionals as they will gain much insightful wisdom.

2. The Million-Dollar Financial Advisor by David J. Mullen Jr.- This is a more personal take on the financial market where Mullen Jr. has taken interviews with 15 industry professionals and converted those interviews into 13 powerful lessons for finance professionals. These lessons focus on important aspects of the finance industry such as building and maintaining client relationships.

3. Common Sense on Mutual Funds by John C. Bogle- This book deals with the world of mutual funds and is a beginner’s guide as to how to invest in mutual funds. It describes the basic principles of mutual funds by defining the same. First written and published in 1999, this book is an essential and must-buy for all financial professionals.

4. The Alchemy of Finance by George Soros- This book by Soros highlights the trend that financial markets are facing today and what are the different trends that are driving the markets. It is a very straightforward book that will give a glimpse to all the readers into the world of Soros’ decision-making process and investment strategies. This book also deals with Soros’ famous theory of reflexivity as well.

5. The 10X Financial Advisor by Scott Winters- This book will help many finance managers as it will help them run their businesses like businesses. The book discusses how finance professionals can grow their business and maintain the level once it reaches their expected goals. Scott has used the Quantum Leap Success Model to help financial managers to sustain their businesses.

6. The Quants by Scott Patterson- Patterson’s insight into the 2008 economic slump of Wall Street is explained in detail in this book. It also delves deeper into the lives of the mathematicians, known more specifically as ‘Quants’ who were responsible for the crash. Patterson has also used the symbol of poker that the high-flying Wall Street investors play and has drawn a comparison of the strategies of investing and playing poker. While we think the supercomputers, complex algorithms, and guaranteed returns are the best strategies, it just doesn’t work at times. An example of that is the market crash and the mortgage crisis.

7. Advice That Sticks by Dr. Moira Somers- In this book, Dr. Somers explains the psychology behind maintaining a successful relationship with clients. This book will surely help many financial advisors in how they can assure that their advice is being listened to and acted upon by the client. Because giving financial advice is one thing but making the client listen to it is a whole other battle. The book tells advisors how they can avoid making key mistakes when advising their clients, resulting in a better relationship between the two parties.

8. Barbarians At The Gate by Bryan Burrough and John Helyar-The book works on the theme of leveraged buyouts- a practice that was considered illegal but now has become common. It chronicles the rise and fall of RJR Nabisco. The book contains the authors’ Wall Street Journal’s popular articles and has become a New York Times Bestseller. This book was adapted for a TV movie directed by Glenn Jordan.

9. Against the Gods by Peter L. Bernstein- Bernstein has provided a historical turn in this book on the ways of investing. He starts by gambling in Ancient Greece to probability games in the Renaissance. Also, the author has given some advice from history’s greatest mathematicians as well. This book then moves on to the modern world where investors need to take a risk when investing in the market. This book is an excellent read for novice investors as well as experienced finance managers.

10. The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin- This is a must-read for all finance professionals as it tells all about Federal Reserve and Griffin’s masterful narration runs just like a detective story in which he ultimately removes the curtain to reveal some secrets that help in creating wealth. So, these are our top 10 picks of best financial books for finance professionals. We are sure that you will love reading these books. Do pick some of these titles and increase your knowledge about finance, markets, mutual funds, and more. Keep reading and we will meet you with a new blog very soon.