business finance books
business finance books

Top 10 Great Business Finance Books Must Read All Humans

Introduction :

In the world of business, many entrepreneurs turn to self-help books or financial advice books to help them through the bumpy road that comes with owning your own business and being your own boss. There are thousands of excellent business finance books out there, which is why we’ve decided to highlight our top 10 favorites here today! Whether you’re just starting out or you’re an old pro at business, these books will give you plenty of insight on everything from marketing to accounting and beyond.

Related: Business Finance Books

List of Finance Books:

  • Small business finance books
  • Business finance books for beginners
  • Books for learning business finance
  • Finance books for entrepreneurs

Top 10 Great Business Finance Books Must Read All Humans :

1) Value Investing – A book by Benjamin Graham(Finance Books) :

  • Ben Graham is a pioneer of value investing and was Warren Buffett’s mentor. A must-read for all entrepreneurs interested in investing in stocks. The Intelligent Investor – by Benjamin Graham: Originally published in 1949, The Intelligent Investor is now considered to be one of, if not the bible for investors.
  • Book Author: Janet Lowe

Key Takeaways

  • Look for value stocks with a low price-to-earnings ratio, high dividend yield, and a history of rising dividends.
  • Never invest in anything you don’t understand
  • Be a contrarian investor and don’t follow the crowd
  • The market is there to serve you, not guide you
  • Be greedy when others are fearful, and fearful when others are greedy.

Quotes from the book

  • The investor’s chief problem and even his worst enemy is likely to be himself
  • The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell
  • The intelligent investor is a realist who sells to optimists and buys from pessimists
  • The stock market is filled with individuals who know the price of everything, but the value of nothing
  • Inactivity strikes us as intelligent behavior
  • It takes character to sit there with all that cash and do nothing.

2) One Up On Wall Street – A book by Peter Lynch(Finance Books) :

  • Lynch was a fund manager for Fidelity, but before that, he was just an individual investor. This book tells his story of how he found stocks that would go up over 1,000% and more. From finding these special gems to making sure you have enough cash on hand if things go sour (but hoping they don’t!) – it’s all in here. His writing style is very fun and conversational, so it reads like a novel.
  • Book Author: Peter Lynch.

Key Takeaways

  • Diversify your portfolio – Don’t put all your eggs in one basket. This goes for both investing and life in general!
  • Don’t invest in something you don’t understand – If you don’t know what a company does, why it’s different from its competitors, or how it makes money – then pass on it!
  • Don’t invest in something you don’t like – Don’t invest in something just because it has a good return on investment. If you don’t like it, don’t buy it!
  • Buy stocks that are selling below their intrinsic value – This means that you should be able to buy a stock for less than what it’s worth! If you can do that, then you will make money when it rises back up to its true value.
  • Don’t be a short-term investor – If you want to make a lot of money in stocks, then you have to buy and hold for long periods of time.

Quotes from the book

  • In a bull market, one must avoid the error of the preening duck that quacks boastfully after a torrential rainstorm, thinking that its paddling skills have caused it to rise in the world.
  • The time to buy is when there’s blood in the streets.
  • It is not necessary to do extraordinary things to get extraordinary results. You just need to do ordinary things extraordinarily well.
  • The key to investment success is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
  • The investor’s chief problem – and even his worst enemy – is likely to be himself.
  • The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.

3) How To Trade In Stocks – A book by Jesse Livermore(Finance Books):

  • One of America’s greatest investors, Jesse Livermore, was once quoted as saying It never was my thinking that made big money for me. It always was my sitting. Got that? My sitting tight! If you want to make a fortune in business, there is no better author to study than Mr. Livermore. If you are interested in more great business finance books.
  • Book Author: Jesse Livermore

Key Takeaways

  • For a business finance book to be worth reading, it must be practical, easy to read, and apply its principles to trading or entrepreneurship.
  • The greatest lesson of all is that you should never invest in a business or trade that you don’t fully understand.
  • The value of time can’t be overstated, particularly if you’re an entrepreneur or trader.
  • Don’t trade, invest.
  • Leverage is a double-edged sword, one that can make you or break you.

Quotes from the book

  • The first rule is that you must not lose money. The second rule is that you can’t forget Rule No.1 ( Jesse Livermore )
  • It never was my thinking that made big money for me.
  • The only time to buy stocks is when there’s blood in the streets.
  • The market can stay irrational longer than you can stay solvent ( Jesse Livermore )
  • I don’t attempt to make money on the stock market, I try not to lose money ( Jesse Livermore )

4) Rich Dad, Poor Dad – A book by Robert Kiyosaki (Finance Books) :

  • The best business finance book ever written? Maybe. This is a good one to start with, particularly if you’re fresh out of school. Kiyosaki explains why and how successful people think differently from everyone else and shows you how to do it yourself. One caveat: don’t be discouraged by Kiyosaki’s questionable use of racial slurs in his examples; no one should give any credence to his opinions on race or gender.
  • Book Author: Robert KiyosakiBook.

Key Takeaways

  • Rich people have assets that generate cash flow, while poor people have expenses that consume cash flow.
  • Rich people have their money work for them, while poor people work for their money.
  • Rich people focus on increasing their assets, while poor people focus on increasing their income.
  • Rich people think long term, while poor people think short term.
  • Rich people control their emotions, while poor people let their emotions control them.

Quotes from the book

if you really want to be rich, all you need to do is start thinking as rich people think and begin acting as rich people act. – Robert Kiyosaki
The rich don’t work for money, they make money work for them. – Robert Kiyosaki
There are two types of people in life: those who work for money and those who have money to work for them. – Robert Kiyosaki
The rich don’t have jobs, they have businesses that produce cash flow while they sleep. – Robert Kiyosaki
Rich people buy assets; poor people buy liabilities. – Robert Kiyosaki
Rich people value their time more than their money; poor people value their money more than their time. – Robert Kiyosaki

5) Common Stocks And Uncommon Profits – A book by Philip Fisher(Finance Books):

  • What if you could run a quick test on stocks to help you determine whether they’re likely to be winners or losers? That’s what legendary investor Philip Fisher advocated in his investing classic, Common Stocks and Uncommon Profits. The book is considered one of the most insightful on investing ever written, and it can teach you how to identify high-quality businesses—and steer clear of low-quality ones. The best part? It’s currently available for free from Amazon!
  • Book Author: Philip Fisher

Key Takeaways

  • Don’t buy a stock just because it’s cheap: It could be cheap for a reason.
  • Buy stocks of businesses that are so good at what they do that you can’t help but want to own their stock, even if you have to pay up for it.
  • Avoid businesses with high fixed costs and low variable costs (like utilities), as well as those with high fixed costs and high variable costs (like retail).
  • If a business is making more money than ever before, think twice before buying its stock—it might not be able to keep doing so.
  • Look for businesses that consistently earn returns on equity greater than their cost of capital.
  • Diversify your portfolio across industries, and hold each position for at least five years.

Quotes from the book

  • The stock market is filled with individuals who know how to make money but seem to be totally lacking in any understanding of how to keep it. They are forever losing sight of two important points: (1) you can’t go broke taking a profit, and (2) when you have more than you need, it makes sense to take some off the table.
  • The investor’s chief problem—and even his worst enemy—is likely to be himself.
  • Investing is a business of being greedy when others are fearful and fearful when others are greedy.
  • Few investors in Wall Street or any other financial market have shown much skill at timing their purchases and sales. The problem is that almost all of them buy on tips or because everyone is buying or selling a particular stock.
  • I want to be a buyer of stocks, not a seller of them.

6) Margin Of Safety – A book by Seth Klarman (Finance Books):

  • The margin of Safety provides detailed advice on a wide range of fundamental and technical analyses that can be used by investors. Klarman’s primary investment philosophy revolves around what he calls The Margin of Safety Principle, the idea that an investor can achieve satisfactory long-term returns inequities by purchasing equities at prices sufficiently below underlying value to allow for human error, bad luck, or extreme volatility in a complex, unpredictable and rapidly changing world.
  • Book Author: Seth Klarman.

Key Takeaways

  • A stock market is a voting machine in the short term, but a weighing machine in the long term.
  • Don’t ask what a business is worth, but ask what it will be worth.
  • Be fearful when others are greedy and greedy when others are fearful.
  • Investment opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.
  • Investing should be more like watching paint dry or watching grass grow. If you want excitement, take $800 and go to Las Vegas.

Quotes from the book

  • (Page 3, Chapter 3) Determining an appropriate margin of safety is not a mathematically precise process and will inevitably involve judgment.
  • (Page 9, Chapter 3) Buying at a sufficiently low price is always safer than buying at too high a price.
  • (Page 27, Chapter 4) In investing, it is better to be approximately right than precisely wrong. The margin of safety reflects both a dollar and a percentage point of view.
  • (Page 35, Chapter 4) The margin of safety is always dependent on price. The margin of safety can only be measured by looking at a stock’s market price compared to its intrinsic value..

7) Security Analysis – A book by Benjamin Graham and David Dodd (Finance Books):

  • Benjamin Graham and David Dodd’s Security Analysis is one of the most comprehensive, respected, and well-known books on finance. If you have any interest in business or investing, you should read it. In fact, Warren Buffett and Bill Gates both recommend it as one of their favorites.
  • Book Author: Benjamin Graham and David Dodd.

Key Takeaways

  • Security Analysis is a book on investing and finance that was written by Benjamin Graham and David Dodd in 1934. It is considered to be one of the most comprehensive, respected, and well-known books on finance.
  • Security Analysis is used as a textbook in business schools and MBA courses around the world, and it’s considered by many to be a must-read book for anyone who wants to learn more about investing.
  • It’s extremely comprehensive and detailed, but it can also be dry and complicated to read at times, which is probably why so many consider Security Analysis to be one of the best business finance books for beginners.
  • Security Analysis has been recognized and praised by both investors and business professionals alike, including Warren Buffett and Bill Gates, who both recommend it as one of their favorite books on investing.
  • The book is used as a textbook in business schools and MBA courses around the world, but anyone can read it for free online or buy a paper copy.

Quotes from the book

  • The margin of safety is always dependent on and varies with, circumstances.
  • An investment operation is one that, upon thorough analysis, promises the safety of the principal and an adequate return. Operations not meeting these requirements are speculative.
  • The investor’s chief problem – and even his worst enemy – is likely to be himself.
  • Those who cannot master their emotions are ill-suited to profit from the investment process.
  • Achieving satisfactory investment results is easier than most people realize; achieving superior results is harder than it looks.

8) How I Made $2,000,000 In The Stock Market – A book by Nicolas Darvas (Finance Books):

  • This book provides a step-by-step plan for how to make money in the stock market. The book is written by Nicolas Darvas, who made $2 million in just two years. This book is often recommended by Warren Buffett and other successful business people. My favorite part of his book was about what he calls the magic formula for choosing stocks.
  • Book Author: Nicolas Darvas.

Key Takeaways

  • Select a stock that is selling for less than its actual value, or below its book value. (This is called net current asset value.)
  • Take half of your money and buy as many shares as you can at that price.
  • Hold on to those shares for a year, regardless of what happens to their price during that time period.
  • If they go up in value, sell them and take your profits.
  • If they go down in value, don’t worry about it; just hold on to them until next year.

Quotes from the book

  • The key to making money in stocks is not to get scared out of them.
  • Don’t buy a stock because it’s going up, and don’t sell a stock because it’s going down.
  • The market is there to serve you, not instruct you.
  • In bull markets, time is your friend; in bear markets, you need time more than anything else.
  • If you want to be rich, figure out how to make money while you sleep.

9) Extraordinary Popular Delusions And The Madness Of Crowds – A book by Charles Mackay(Finance Books):

  • The Extraordinary Popular Delusions and The Madness of Crowds (1841) is a book by British journalist and popular historian Charles Mackay. It chronicles historical examples of human folly, especially as identified with collective sentiments, such as mobs, religious movements, and nation-states.
  • Book Author: Charles Mackay.

Key Takeaways

  • The madness of crowds is a psychological phenomenon where people are influenced by group mentality to believe something irrational or, less commonly, do something that they would not do as an individual.
  • Human nature is subject to a wide range of both cognitive and emotional fallacies which afflict individuals even when they are in a group.
  • A common example of a crowd is a political rally, where a speaker addresses an audience composed of individuals who are strangers to each other.
  • Charles Mackay (1814–1889) was a Scottish poet, journalist, novelist, songwriter, and historian.
  • Extraordinary Popular Delusions and The Madness of Crowds was first published in 1841.

Quotes from the book

  • Men, it has been said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.
  • We are often told that it is necessary to compromise between principle and expediency; but a statesman worthy of his salt will always try to unite them, as between two brothers whom he wishes to see united he would not wish to see either sacrificed.
  • It may be doubted whether human ingenuity can construct an enigma of greater complexity and ingenuity than does at present embarrass our commerce with China.
  • The man who begins by loving Christianity better than Truth will proceed by loving his own sect or church better than Christianity and end in loving himself better than all.
  • Man is certainly stark mad; he cannot make a worm, and yet he will be making gods by dozens.

10) Successful Investing Made Simple – A book by Larry Swedroe(Finance Books):

  • As Swedroe writes in Successful Investing Made Simple, to be successful, an investor doesn’t need to have a high IQ. What he or she does need is to keep emotions from interfering with his decision-making and to develop a strategy for meeting his or her financial goals. In less than 300 pages, Swedroe does a great job at providing a clear plan for achieving financial success without getting bogged down by too much jargon.
  • Book Author: Larry Swedroe.

Key Takeaways

  • Investing requires discipline; don’t invest money you can’t afford to lose.
  • Save for retirement and emergency funds before you invest.
  • Diversify your investments to spread risk.
  • Invest in index funds and exchange-traded funds (ETFs) rather than individual stocks or actively managed mutual funds.
  • Keep costs low by investing in low-cost index funds and ETFs.
  • Rebalance regularly to maintain a target asset allocation for your portfolio.

Quotes from the book

  • The biggest mistake people make is to invest money they can’t afford to lose, because they don’t have any other options. If you don’t have a cushion of at least six months of living expenses in an emergency fund, you shouldn’t be investing at all.
  • If you don’t have an emergency fund, your investments are not your main concern.
  • Investing is a marathon, not a sprint.
  • You can’t time markets or pick individual stocks or mutual funds that will outperform in any given year.
  • Never invest in anything you don’t understand.
  • In investing, you get what you don’t pay for.
Conclusion Top 10 Business Finance Books Every Entrepreneur Must Read :

In a business world increasingly dominated by digital technology, it’s clear that entrepreneurial endeavors are fueled not just by hard work but also by financial knowledge. Many traditional business finance books have been translated into easy-to-read digital format or summarized in short, easily digestible summaries. But there’s something to be said for settling in with a good old-fashioned paper book—and these top 10 business finance books will give you just what you need to make your way in business.

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