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  • The world of finance hasThe world of finance hasprovided the backdrop forprovided the backdrop formany dramas, frommany dramas, frommergers and acquisitionsmergers and acquisitionsand Wall Streetand Wall Streetshenanigans to shenanigans to Tulip ManiaTulip Maniaand the recent housingand the recent housingmarket downturn andmarket downturn andsubsequent financial crisis.subsequent financial crisis.Finance obviously has noFinance obviously has nolack of gripping topics forlack of gripping topics for

    authors to write about. For finance professionals who want to better understandauthors to write about. For finance professionals who want to better understandthe history of their industry and better grasp the fundamentals underlying itsthe history of their industry and better grasp the fundamentals underlying itsvarious dramas, here are 10 suggestions. Most of these books have stood the testvarious dramas, here are 10 suggestions. Most of these books have stood the testof time and are all worth reading.of time and are all worth reading.

    "BARBARIANS AT THE GATE""BARBARIANS AT THE GATE"Interested in Interested in leveraged buyouts leveraged buyouts and junk bonds? In 1989, Bryan Burrough andand junk bonds? In 1989, Bryan Burrough andJohn Helyar wrote the definitive history of these financing types when theyJohn Helyar wrote the definitive history of these financing types when theyrecounted the struggle involving the leveraged buyout of RJR Nabisco, a now-recounted the struggle involving the leveraged buyout of RJR Nabisco, a now-defunct food and cigarette conglomerate. The writers originally covered thedefunct food and cigarette conglomerate. The writers originally covered thestory as reporters for the "Wall Street Journal." (For more, see: story as reporters for the "Wall Street Journal." (For more, see: UnderstandingUnderstandingLeveraged BuyoutsLeveraged Buyouts.).)

    "SECURITY ANALYSIS""SECURITY ANALYSIS"Benjamin Graham and David Dodd wrote the "bible" of fundamental equityBenjamin Graham and David Dodd wrote the "bible" of fundamental equityinvesting in this classic, first published in 1934. If you're interested in theinvesting in this classic, first published in 1934. If you're interested in thetechniques of techniques of value investingvalue investing, an approach favored by Warren Buffett (who was, an approach favored by Warren Buffett (who wasa student of Grahams at Columbia University), you're certain to benefit froma student of Grahams at Columbia University), you're certain to benefit fromthis book.this book.

    "THE INTELLIGENT INVESTOR""THE INTELLIGENT INVESTOR"Benjamin Graham also wrote this guide to long-term investing approaches. FirstBenjamin Graham also wrote this guide to long-term investing approaches. Firstpublished in 1949, "The Intelligent Investor" has been updated repeatedly overpublished in 1949, "The Intelligent Investor" has been updated repeatedly overthe past 65 years, including most recently by the financial writer Jason Zweig, asthe past 65 years, including most recently by the financial writer Jason Zweig, asGraham died in 1976. Graham uses his book to map out and advocate for hisGraham died in 1976. Graham uses his book to map out and advocate for his

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  • preferred value approach to investing. (For more on Graham, see: preferred value approach to investing. (For more on Graham, see: TheTheIntelligent Investor: Benjamin GrahamIntelligent Investor: Benjamin Graham..))

    "COMMON SENSE ON MUTUAL FUNDS""COMMON SENSE ON MUTUAL FUNDS"John Bogle, founder of the Vanguard Group mutual fund company, came outJohn Bogle, founder of the Vanguard Group mutual fund company, came outwith his guide for mutual fund investors in 1999. Bogle makes the case for thewith his guide for mutual fund investors in 1999. Bogle makes the case for thevalue of value of index-based investingindex-based investing, and his book is full of common-sense financial, and his book is full of common-sense financialadvice, such as noting that the less that you pay someone to manage youradvice, such as noting that the less that you pay someone to manage yourinvestments, the more of your money you'll keep.investments, the more of your money you'll keep.

    "A RANDOM WALK DOWN"A RANDOM WALK DOWNWALL STREET"WALL STREET"First published in 1973, PrincetonFirst published in 1973, Princetoneconomist Burton Malkiel's bookeconomist Burton Malkiel's bookadvises readers on various types ofadvises readers on various types ofinvestments. Whether you're justinvestments. Whether you're justkicking off your financialkicking off your financialprofessional career, or if you'reprofessional career, or if you'relooking for advice on managing yourlooking for advice on managing your401(k) or if you're an established401(k) or if you're an establishedprofessional who wants to expandprofessional who wants to expand

    your investment profile, Malkiel's tome, which has gone through 11 editionsyour investment profile, Malkiel's tome, which has gone through 11 editionssince publication, remains a great source for market fundamentals.since publication, remains a great source for market fundamentals.

    "EXTRAORDINARY POPULAR DELUSIONS AND THE"EXTRAORDINARY POPULAR DELUSIONS AND THEMADNESS OF CROWDS"MADNESS OF CROWDS"One constant of financial markets is that they suffer periods of collective greedOne constant of financial markets is that they suffer periods of collective greedand fear, which has resulted in such catastrophes as Britain's South Sea Bubbleand fear, which has resulted in such catastrophes as Britain's South Sea Bubbleand the Netherlands' Tulip Mania of the 1630s. The British journalist Charlesand the Netherlands' Tulip Mania of the 1630s. The British journalist CharlesMackay explored these and other crises in his 1841 classic. Don't believe thatMackay explored these and other crises in his 1841 classic. Don't believe thatMackay's book has no relevance to contemporary times, as the manias heMackay's book has no relevance to contemporary times, as the manias hedocuments provide keen insight into recent events like the dot-com boom anddocuments provide keen insight into recent events like the dot-com boom andbust of the 1990s and early 2000s.bust of the 1990s and early 2000s.

    "LIARS POKER""LIARS POKER"Michael Lewis used his experience as a bond salesman in the heyday of SalomonMichael Lewis used his experience as a bond salesman in the heyday of SalomonBrothers for this legendary 1989 book. He chronicles his own work experiencesBrothers for this legendary 1989 book. He chronicles his own work experiencesand also offers a big-picture take on Wall Street during a boom time when theand also offers a big-picture take on Wall Street during a boom time when themortgage-backed securitymortgage-backed security market caught fire. A loose sequel of sorts was Lewis' market caught fire. A loose sequel of sorts was Lewis'The Big Short," in which he described the role Wall Street played in the 2000sThe Big Short," in which he described the role Wall Street played in the 2000shousing market downturn.housing market downturn.

    "FREAKONOMICS""FREAKONOMICS"Are you interested in learning how the world really works? This 2005 book byAre you interested in learning how the world really works? This 2005 book byeconomist Steven D. Levitt and journalist Stephen Dubner looks beneath theeconomist Steven D. Levitt and journalist Stephen Dubner looks beneath thesurface of various everyday (and not so everyday) situations and breaks downsurface of various everyday (and not so everyday) situations and breaks downhow things work. For instance, do you believe you're getting the best deal ifhow things work. For instance, do you believe you're getting the best deal ifyou're a homeowner who hires a real-estate agent to sell your house? You mightyou're a homeowner who hires a real-estate agent to sell your house? You mightbe surprised. The book also explores the economics of the worlds of drugbe surprised. The book also explores the economics of the worlds of drugdealing and Sumo wrestling, among a wide array of topics.dealing and Sumo wrestling, among a wide array of topics.

    "COMPETITIVE STRATEGY""COMPETITIVE STRATEGY"In this 1980 book, Harvard Business School professor Michael Porter looks atIn this 1980 book, Harvard Business School professor Michael Porter looks atwhat creates what creates competitive advantage com

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