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Books to break into trading/finance and developing private portfolio

by oab729

(Chimp, 4

Points) on 9/4/08 at 3:00am

Hi, I'm a rising freshman at an ivy and am interested in a career in investment banking, and was wondering if there were any books to help me learn the basics of investing in equity, so that I could start learning to invest myself and better prepare for interviews. I remember reading that they ask you for stock picks and WSJ articles. I think the book should at least cover discounted cash flow thoroughly and with a good explanation about the logic that justifies the equations, As I've been reading investopedia and I've found its explanations pretty bad. Thanks in advance - OAB

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best books to start with are

by yesman

(Senior Baboon, 195

Points) on 9/4/08 at 9:51am

best books to start with are 'intelligent investor' (graham), 'random walk down wall street' (malkiel), and imo, 'stocks for the long run' (siegel). discounted cash flow is a broad concept, but it's actually pretty intuitive - any of fabozzi's fixed income math books would be a good source, and then some.

I don't necessarily agree with or endorse everything these books mention, but they form a good base.

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I like any of the investing

by junkbondswap

(Gorilla, 623

Points) on 9/4/08 at 10:44am

I like any of the investing books by Peter Lynch and B. Graham. For IB preparation I always recommend Scoop Books Guide to Investment Banking, M&A and Corp. Fin. Other than that I would recommend getting a subscription (student discount) to WSJ or Financial Times. I would next set up an online brokerage account and choose 4-5 stocks (based on companies that you like and understand the business model). You can start a portfolio with as little $1K although its best to start out with a larger sum due to fees and the like. Good luck.