The importance of Reading for Finance Young Professionals (and what to read)
Author: Christian Martinez
Why is reading important?
For a finance young professional to survive in a world of constant change, she or he must constantly update her or his knowledge and one of the best ways to do this is by reading.
Nowadays, we live in a world in which things change so rapidly that if you are not on guard, you might be left behind.
Why do I read?
As an entrepreneur, financial analyst, investment researcher, writer and graduate of Master of Banking and Finance, I have to keep my eyes open for opportunities and by reading, I might come across business opportunities posing as problems.
I read to be updated on financial and economics trends. A trend can be a competitive advantage in business if you can spot it fast enough and take advantage of it. I read to learn and be informed.
What do I read?
I read Finance blogs and online newspapers so I can be aware of changes in the industry.
I read business books, magazines and journals in general to develop my business accumen even further.
I read investment books, magazines and journals to increase my financial intelligence and improve my investing skills.
I also read articles, blog posts and books published by my mentors.
Some examples below…
Homo Deus — Yuval Noah Harari
A Random Walk Down Wall Street — Burton Gordon Malkiel
Irrational Exuberance — Robert J. Shiller
The Secret Club that Runs the World — Kate Kelly
Poor Economics — Abhijit Banerjee and Esther Duflo
Visual Display of Quantitative Information — Edward Tufte
Thinking Fast and Slow — Daniel Kahneman
The Power of Habit — Charles Duhigg
The Bottom Billion — Paul Collier
The Prize: Epic Quest for Oil, Money, and Power — Daniel Yergin
Predictably Irrational — Dan Ariely
Online Resources / Blogs:
Jim Blankenship, Financial Ducks In A Row
Josh Brown, The Reformed Broker
Ben Carlson, A Wealth of Common Sense
Jim Dahle, The White Coat Investor
RBN Energy Blog
Sam Dogen, Financial Samurai
Warren Buffett — arguably the most skilled investor of our time — said reading 500 pages a day was the key to success, because “that’s how knowledge works. It builds up, like compound interest.”
This idea is developed further in this article by Business Insider.