The financial industry is always at the forefront of an industry or even a country's economy, especially in places like Wall Street, where the people employed are mostly geniuses with both emotional intelligence and intelligence, making them the top performers in the industry. The pay they offer is mostly global pay.

Therefore, the financial industry has also become a holy land in the minds of many people. Not having a high salary means high requirements, and it is difficult to succeed in the financial industry without a business school degree. Therefore, entering the industry should be done early. Here are 10 classic financial works that CFA holders consider classic, covering many investment techniques and exciting stories on Wall Street.

1 Securities Analysis - Graham

Graham's classic work has always been regarded as the Bible of value investing by various investors.

Securities Analysis is known as the Bible of investors and has been a bestseller for eighty years since its publication in 1934. The market has repeatedly proven that 'Securities Analysis' is a classic work of value investing.

The 6th edition of Securities Analysis is an upgraded version of the 1940 edition. The 1940 version of Securities Analysis was the most satisfactory version for authors Graham and Dodd, and also the most beloved version by stock god Buffett.

The 6th edition maintains the original appearance of the book while adding 10 introductions by Wall Street finance experts, which not only demonstrates the important position of this book in the minds of Wall Street investment masters, but also adds a sense of the times to this classic work.

Author Benjamin Graham is the founder of value investing theory and is known as the 'Godfather of Wall Street'. He has served as a professor at Columbia Business School in the United States and created brilliant investment performance on Wall Street; We have experienced both a bull market that made investors proud and a depression that left them frustrated and hopeless. The market has tempered Graham and proven the significance of value investing.

 2 "The Big Short" - Michael Lewis

Twenty years ago, Michael Lewis' masterpiece "The Liar's Poker Card" was widely recognized as a "textbook" depicting Wall Street in the 1980s and had a significant impact on American business culture. Twenty years later, amidst the tumultuous farce on Wall Street, Lewis still had a keen insight into the candlelight, recreating the market legends and treacherous moral dramas staged on Wall Street from his personal perspective.

A financial crisis dealt an unimaginable blow to Wall Street, which has always been renowned for its reputation. However, amidst the chaos, there were some anonymous individuals who had already identified market loopholes and shorted the market during the frenzy, ultimately earning substantial profits.

This book portrays a group of intellectually exceptional and quirky "terminators" who were previously unknown Wall Street employees, but were full of doubts and distrust towards the prosperity of the subprime mortgage market and the proliferation of financial instruments. Eventually, they gained insight into the market frenzy that neither the Federal Reserve nor the Treasury Department had noticed, and placed their bets on the imminent collapse of US financial institutions. As a result, they defeated Wall Street.

Behind this small figure wealth legend, there are more things that are thought-provoking. How can investment banks use the complexity of risk to mask the risks of their products? What are the blind spots in the rating system? How does the financial industry use lies in terminology to deceive customers? The flaws of human nature and the drawbacks of the financial system are vividly presented in this book. How should we act after a crisis? I believe this book will give you fresh thinking and inspiration.

 3 "Smart Investors" - Graham

This is a world-class and century old classic in the field of investment practice, and since its first publication in 1949, it has become the Bible of the stock market.

On the basis of fully retaining Graham's original work, the fourth edition in 1973, this revised version further tests and confirms the value investment theory by Jason Zweig based on the global stock market turbulence of the past 40 years, especially at the turn of the century.

The large number of annotations and comments after each chapter are very valuable. The preface and comments specially written by stock god Buffett for this book are another highlight of this version.

This book first clarifies the difference between "investment" and "speculation", pointing out how smart investors should determine expected returns. This book focuses on introducing the investment portfolio strategies of defensive investors and active investors, and discusses how investors cope with market fluctuations.

This book also elaborates in detail on fund investment, the relationship between investors and investment advisors, general methods of securities analysis for ordinary investors, securities selection for defensive and active investors, convertible securities and warrants, and other issues. At the end of this book, the author lists and analyzes several sets of cases, discusses dividend policies, and finally focuses on analyzing the issue of "safety" as the central idea of investment.

This book is mainly aimed at individual investors and aims to provide guidance for ordinary people in choosing and executing investment strategies. This book is not a book that teaches people how to become a millionaire, but rather focuses more on the principles of investment and investors' attitudes, guiding investors to avoid falling into some common mistakes.

 4 "Irrational Prosperity" - Hiller

This book is named after Alan Greenspan's infamous fallacy about the stock market published in 1996. It was published in March 2000, which poured cold water on the Internet foam economy that was on the verge of collapse at that time.

Shiller, an economist from Yale University, shattered the myth that the market is rational and instead explained the stock market through emotions, group behavior, and speculative buying and selling. Ironically, 'Irrational Prosperity' was published almost at the peak of the market.

In this book, a large amount of evidence shows that if the stock market in the late 1990s and the prosperity of the real estate market implied a large number of foam, and eventually the house price might begin to decline in the next few years.

He believed that after the bursting of the foam in the stock market in 2000, many investors invested in the real estate market, which made the real estate prices in the United States and even around the world rise to varying degrees. Therefore, irrational prosperity has not disappeared, but has reappeared in another market.

Professor Shiller described the psychological roots of financial market volatility and focused on listing and discussing the inherent instability of capital markets in a free market economy. For example, the impact of Alan Greenspan's famous "irrational exuberance" speech on people.

He believes that the ultimate way to overcome this dilemma lies in the improvement of social systems, such as further improving the social security system, increasing insurance coverage to ensure people's income and housing, and more diversified investment choices.

Robert J. Shiller, currently a professor of economics at Yale University, obtained his Ph.D. in economics from the Massachusetts Institute of Technology in 1972. He also serves as a research fellow at the National Bureau of Economic Research, a member of the National Academy of Sciences, and a member of the Academic Advisory Board of the Federal Reserve in New York. Professor Shiller has written in the fields of financial markets, behavioral economics, macroeconomics, real estate, statistical methods, as well as public opinion and moral judgments related to the market. In 2013, Professor Shiller was awarded the Nobel Prize in Economics.

 5 "Barbarians at the Door" - Brian Burroughs

Brian Burroughs' book 'The Barbarian at the Door' has been rated as one of the 20 most influential business books. The book uses factual reporting to describe the causes and consequences of RJR Nabisco's acquisition, reproducing the most famous corporate battle in Wall Street history, and comprehensively demonstrating how corporate managers acquire and control controlling stakes in companies. The barbarians at the entrance are used by Wall Street to describe those unscrupulous acquirers.

 6 "The Great Game" - Gordon

This is a book about the history of Wall Street, as well as about the financial and economic history of the United States. The historical events it describes make it clear to us that, to a large extent, Wall Street has propelled the United States from a primitive and singular economy to a powerful and complex one. In every stage of economic development in the United States, the capital market represented by Wall Street plays an important role.

Wall Street provides a continuous stream of funds for the development of the US economy, optimizing the allocation of social resources, and has grown into the center of the global financial system along with the development of the US economy. The success of the US economy is a good example of the coordinated development between the capital market and the real economy.

 7 "Conquering Wall Street" - Lynch

Overcoming Wall Street "is a practical guide to Lynch's stock investment strategy written specifically for amateur investors:

How did Lynch personally practice his investment methods, select stocks, and manage his investment portfolio, thus defeating the market for 13 consecutive years.

Lynch uses his lifelong experience in stock selection to teach readers step by step how to choose stocks correctly, how to avoid stock selection traps, and how to select the biggest and safest rising stocks.

The most important and exciting part - Lynch's 13 year investment autobiography managing Magellan Fund.

From the initial stage of 18 million to 100 million US dollars, the mid-term of 100 million to 1 billion US dollars, and the late stage of 1 billion to 14 billion US dollars, the three main reasons why Lynch has won the market for 13 consecutive years are explained: Lynch is more hardworking than others, Lynch values research more than others, and Lynch is more flexible than others.

The most practical part -21 classic stock selection cases.

Involving retail industry, real estate industry, service industry, depressed industry, financial industry, cyclical industry, etc. This is not only the specific operation of Lynch's stock selection, but also a key guide for selecting stocks by industry.

Summarize 25 investment golden rules.

The investment truth condensed by Lynch's lifelong successful experience and failed lessons should be kept in mind by every investor, so as to find the right direction in the maze of the stock market. It is not only a stock selection memoir of the world's most successful fund manager, but also a rare practical tutorial and case collection for stock selection.