|By Louie Drake||
|July 2, 2014 03:24 PM EDT||
With most investors turning to the Internet for advice, investment banking books seem to have been left in the dust. Even though blogs and web forums provide great investing guidance, there is still plenty to learn from old-fashioned books. The length of books allows them to delve into the subject matter with much more depth than a short blog post. A good investment book written by a professional will endow the reader with a wealth of information on how to succeed in investment banking.
Of course, there are no limitations on who can write a book. There are investment banking books on the market written by individuals with little to no experience in finance. It is important to do some basic research on the author's career before purchasing their book. Look for a book written by someone who has worked in a financial industry for a long period of time. First-hand experience is the most valuable asset that an author has to offer investors.
Be sure to avoid books that are only written and sold to line the author's pockets. Some dishonest individuals have written books touting a "method" or "formula" as a surefire way to enjoy enormous profits with no risk involved. It's obvious to anyone with even the most basic knowledge of investing that such a thing is not possible. Always beware of any book guaranteeing massive returns. Even the most knowledgeable investors in the world would admit that no investment strategy can sidestep the risk-reward ratio.
Finally, look for a book that is up to date. While the underlying principles of economics remain largely unchanged, the march of technological progress opens up new markets all the time. In addition, the Internet has made it easy to trade stocks online with no need for a stock broker. Simple things like this must be factored into any investment strategy; investment banking books that were written decades ago will not cover all of these new developments.
Keeping these tips in mind when choosing investment banking books will ensure that you get the information you need. Just remember to find an honest, straightforward explanation of investment banking without outlandish promises of exponential wealth. With the information from a few good investment banking books under your belt, you will be off to a great start in your new career.