BY JOHN ELLIS, FINANCIAL ADVISOR
As summer approaches, it’s the perfect time to relax, unwind, and indulge in some mind-stretching reading. If you’re looking to enhance your financial knowledge while enjoying the sunshine, here is a list of must-read books that cover a range of financial topics. From personal finance to investing and entrepreneurship, these books offer valuable insights to help you make informed financial decisions. So, grab a drink, find a comfortable spot, and dive into these fascinating financial summer reads.
The Quants delves into the world of quantitative finance and its global impact. The author explores the rise of mathematicians and computer scientists in the financial industry and the risks associated with their complex financial models. This book provides an intriguing perspective on the interplay between finance, technology, and the global economy. The Quants helped create a digitised money-trading machine that could shift billions around the globe with the click of a mouse with few realised this extraordinary system had sown the seeds for history’s greatest financial disaster.
A Random Walk Down Wall Street
In this fully updated 50th anniversary book Burton Malkiel challenges the notion of stock market prediction and advocates for a passive investment strategy, such as index fund investing. Drawing on his experience as an economist, financial adviser, and successful investor he analyses the recently popular investment management techniques, including factor investing, risk parity and the new kid on the block, ESG portfolios.
Thinking, Fast and Slow
Nobel laureate Daniel Kahneman explores the psychology behind decision-making. Through decades of research, Kahneman uncovers the cognitive biases and shortcuts that influence our financial choices. For example, why is there more chance we’ll believe something if it’s in a bold type face? Why are judges more likely to deny parole before lunch? Why do we assume a good-looking person will be more competent? By understanding the inherent flaws in our thinking and using the practical techniques in these pages you will learn that slower smarter thinking will enable you to make better decisions at work, at home, and in everything you do.
The Intelligent Investor
The Intelligent Investor by Benjamin Graham, considered the bible of value investing, this book provides timeless wisdom for investors. Over the years, market developments have proven the wisdom of Graham’s strategies. A mentor to Warren Buffett he outlines strategies for identifying undervalued stocks and emphasises the importance of fundamental analysis. This book offers a solid foundation for understanding the principles of investing and developing a long-term investment mindset.
The Only Investment Guide You’ll Ever Need
The Only Investment Guide You’ll Ever Need by Andrew Tobias. According to one reviewer “the younger you are when you read this book the longer you will benefit from it” This book with over 1 million copies sold, is a comprehensive yet accessible manual for beginner investors. It covers a wide range of investment topics, including stocks, bonds, passive funds, and retirement planning. Written for the US market it still has practical advice making it an invaluable resource for Irish investors.
How to Make Your Money Work:
Decide What You Want, Plan To Get There?
Author Eoin McGee, from TV, asks: “What kind of relationship do you have with money? Is it helping you make the most of your income? If not, what if you could change that?” In this his second book, he explains how understanding your attitude towards money is the secret to effective financial planning. With chapters like – 12 Money Habits To Teach Yourself (And Your Kid), he outlines how to make the most of your income to close the gap between the money you earn and the lifestyle you want.
Wherever you are on your financial journey, How to Make Your Money Work will change the way you approach spending and saving with priceless wisdom and practical advice for making your financial goals a reality.
We Don’t Know Ourselves: A Personal
History of Ireland Since 1958
And finally, We Don’t Know Ourselves: A Personal History of Ireland Since 1958 by Fintan O’Toole, is a book that will have you saying I remember that! Evocative, moving, and funny, the book creates “an enthralling and panoramic narrative that captures the essence of a nation finding its identity”. You may not be a history buff but unknown to yourself you will uncover a deeper understanding of modern Ireland.