best finance books of all time
best finance books of all time
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What is the best book of the funding available for people who learn to make better financial decisions?
I want to learn to calculate compound interest, from interest, ROI, etc. For example, I pay my first mortgage or invest the money? When does sense to borrow for free cash flow? I am especially interested in mathematics that supports the process of decision making.
"A Random Walk Down Wall Street "specifically to address their needs with respect to mathematics." A Random Walk Guide to Investing "is a good book and would be enough for most people, but would not have the emphasis on math you want. Personally, I like "The Investment You'll only guide Ever Need "by Andrew Tobias. It is also a little lighter in mathematics than they thought you'd like, but it gives a very good overview of different types investment instruments available and what are the risks versus the rewards are for each. Of course, all the math in the world will not help you determine what is your risk tolerance; formulas can only go so far. This book will help you determine that, and risk tolerance is largely what must be based their financial decisions.
