A list of six books to grow professionally as an investment banker:
International Taxation in a Nutshell
Benjamin Franklin said there were only two things certain in life: death and taxes. While on the former we do not have control, we instead can have control over the latter. Indeed, in globalized world taxation has become extremely important, not only within nations but especially for cross-border activities. International Taxation in a Nutshell by Richard L. Doernberg is a comprehensive introductory guide to the international taxation topic.
Applied Corporate Finance
Valuation is more of an art than a science. Assessing the value of a stock or a business can be a very tricky task. What is most difficult is the assessment of the risk of any organization. Indeed, the relationship between risk and reward will help us to determine the worthiness of an investment. But how do we assess risk?
How do we decide what the level of acceptable risk is? What is the reward we are looking to take that risk? Applied Corporate Finance by Aswath Damodaran is definitely among the best Corporate Finance Books. Indeed, the textbook not only gives you a theoretical framework, but most important a practical one. Aswath Damodaran is a professor of finance and equity valuation in the MBA program. He received his MBA and Ph.D. from the University of California at Los Angeles. Thanks to Applied Corporate Finance you will gain insight into the Corporate Finance world.
Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions
There is no doubt that Investment Banking is the most dynamic, challenging and rewarding profession in the Finance Universe. Although, many do not approach the discipline because they find it overwhelmingly difficult.
Investment Banking has never been so easy thanks to Joshua Rosenbaum and Joshua Pearl’s book “Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions.” The authors rather than be mere professors are practitioners. Indeed, Joshua Rosenbaum is Managing Director at RBC Capital Markets while Joshua Pearl is an investment analyst at Brahman Capital Corp.
The book shows a systematic approach to the discipline from two practitioners with years of experience in the field. Once read the book you will be surprised at the simplicity of the discipline, and you will wonder why you waited for so long before approaching it!
The smartest investor (and billionaire) on earth Mr. Warren Buffet affirmed countless times the necessity to have a robust theoretical framework for investing. Buffet found this framework when he was just 19 years old in the book Security Analysis, by Benjamin Graham and David Dodd. Benjamin Graham, the father of “value investing” together with his partner David Dodd explain the techniques used over their decades as investors.
Benjamin Graham was not a professor who lectured his students; but rather a practitioner that used his firm as a laboratory where experiments were carried out. From Graham’s tests came out Security Analysis, a comprehensive guide on how to outperform the stock market. Benjamin Graham beat the stock market by an annual average of at least 2.5 percentage points for more than two decades.
Supply Chain Management
Supply chain management will be among the most significant concerns for any manager which wants to make a difference in the business world. Indeed, in an increasingly competitive world, driving revenues up is not enough anymore.
In today’s world companies must be able to manage their expenses effectively. Managing expenses do not mean to cut costs simply, but rather to get the most out of the organization with the minimum required effort.
For such reason practitioners in the supply chain management field are becoming indispensable and often earn five figure salaries. In this international panorama, Supply Chain Management by Sunil Chopra and Peter Meindi is a practical manual to master the techniques used in the field.
Although many software help us today to get the work done, there is no software as useful as Excel. If you want to undertake a career in the financial world, then, Excel will become your best friend. From simple formulas to more advanced functions, up to micros and VBA Excel is a potent tool. And the difference between being a good Excel user to becoming an Expert can make or break a career.
Therefore, to have (almost)guaranteed success in the business/finance world Excel is the access key to the main door. In Excel 2013 Bible, John Walkenbach a.k.a. Mr. Spreadsheet leads us into this fantastic journey of (Excel)discovery. From the most basic concepts to the most advanced ones, at the end, you will become an expert of the subject.
More business books:
- Measure What Matters
- The 10X Rule
- Tools of Titans
- Homo Deus
- Will it Fly
- My life in advertising
- Ogilvy on Advertising
- The Start-Up of You
- Lost and Founder
- How I Lost 170 Million Dollars
- Bullshit Jobs: A Theory
Unconventional business books:
The resources you need to get started with your business model:
- What Is a Business Model? 30 Successful Types of Business Models You Need to Know
- What Is a Business Model Canvas? Business Model Canvas Explained
- Blitzscaling Business Model Innovation Canvas In A Nutshell
- What Is a Value Proposition? Value Proposition Canvas Explained
- What Is a Lean Startup Canvas? Lean Startup Canvas Explained
- How to Write a One-Page Business Plan
- The Rise of the Subscription Economy
- How to Build a Great Business Plan According to Peter Thiel
- What Is The Most Profitable Business Model?
- The Era Of Paywalls: How To Build A Subscription Business For Your Media Outlet
- How To Create A Business Model
- What Is Business Model Innovation And Why It Matters
- What Is Blitzscaling And Why It Matters
- Snapshot: One Year Of “Business Model” Searches On Google In Review
- Business Model Vs Business Plan: When And How To Use Them
- The Five Key Factors That Lead To Successful Tech Startups
- Top 12 Business Ideas with Low Investment and High Profit
- Business Model Tools for Small Businesses and Startups
Popular case studies from the blog:
- The Power of Google Business Model in a Nutshell
- How Does Google Make Money? It’s Not Just Advertising!
- How Does DuckDuckGo Make Money? DuckDuckGo Business Model Explained
- How Amazon Makes Money: Amazon Business Model in a Nutshell
- How Does Netflix Make Money? Netflix Business Model Explained
- How Does Spotify Make Money? Spotify Business Model In A Nutshell
- The Trillion Dollar Company: Apple Business Model In A Nutshell
- DuckDuckGo: The [Former] Solopreneur That Is Beating Google at Its Game