10 books to be read by novice financial

William Bernstein, co-founder of Efficient Frontier Advisors, a world-renowned investment management company, recently published a new book called If you can:how millennials Can Get Rich slowly, which is introduced in the book The importance of mastering some basic financial knowledge.

He also listed a list of investment books for readers on his web page, which is described below:

1. Stroll on Wall Street A Random Walk down Wall Street

Burton Malkiel

Bernstein: This is a great investment primer that explains some of the fundamentals of equities, bonds and mutual funds, and highlights the concept of efficient markets.

2. Common Fund knowledge Common sense on Mutual Funds

John Bogle

Bernstein: This book provides details about mutual funds, in more detail. John Bogle himself is the founder of the investment giant Vanguard Group, and his words have been resounding in the industry.

3. Global investment (investing)

Roger Ibbotson, Gary Brinson

Bernstein: This book introduces the history of assets that can be invested, and investors will always be thirsty for the history of the market, and this book is undoubtedly the best choice for such books. You can learn from this book about the U.S. stock market over the past 200 years, gold prices over the past 500 years, interest rates and inflation over the past 800 years, and so on, and the book's investment in foreign assets is also described in detail.

4. "Effective investment" what's worked in investing

Tweedy Browne Investment Co., Ltd.

Bernstein: This is a free investment brochure, which is one of the most valuable investment methods I have ever seen in terms of supporting data.

5. The New Finance, the case against efficient

Robert Haugen

Bernstein: If the booklet above makes you wonder why value investing remains valid for years, then you can look at the book.

6. Value averaging Act value averaging

Michael Edleson

Bernstein: How to allocate your funds in the face of a variety of assets? This book provides useful guidance.

7. "Smart Investor" the Intelligent Investor

Ben Graham

Bernstein: This book is very famous, more readable and more popular than the previous version of the Securities analysis. This is especially true for investors who want to buy a stock. Many of today's financial predators have been inspired by these two books. (If you want to read "Securities Analysis", recommended 1934 original, recently issued by Mcgraw-hill Publishing house)

8. "Devil strikes" Devil take the Hindmost

Edward Chancellor

Bernstein: This book tells about the bursting of the bubble and bubble of the capital market since 17th century, and can be comparable with Mackay extraordinary Popular delusions and the Madness of crowds.

9. The millionaire Next Door

Thomas Stanley, William Danko

Bernstein: If you are Warren Buffett, you will not have to worry about saving money. This book is also a good place for public investors to learn about financial knowledge.

10. "Asset Allocation" Asset Allocation

Roger Gibson

Bernstein: This book focuses on the quality of personal assets, especially for investment enthusiasts and financial advisers.

10 books to be read by new finance novice