顶级的资本类书籍(顶级资本书籍推荐)?

NO1: “Twenty Years of an Investor”

This book is a collection of articles written by Mr. Yang Tiannan, CEO of Jin Shi Zhi Yuan Investment Company, which were published in Qian Jing and China Finance. Each article is accompanied by that month's investment portfolio, and the portfolio has gone through a number of bull and bear markets, experiencing the market's major baptisms. To date, the portfolio has achieved an excellent performance of "twelve times in thirteen and a half years." Rather than reading ten thousand investment classics, it is better to witness a real-world investor's battles. With transparency in information, monthly transactions are published in black and white in the magazine.

NO2: “Guide to Reading Financial Statements by Hand”

Starting off with the investor's perspective, this book tries to avoid using obscure terms and difficult formulas as much as possible. By using a real financial statement as an example, it explains the methods for reading financial statements and techniques for avoiding investment traps by identifying exceptional data in financial statements. It aims to enable novice investors to easily understand financial statements and avoid investing in worthless companies, even with no accounting knowledge.

NO3: “Passing on the Light in the Vast Expanse”

This book showcases the performance of the best fund managers worldwide within the last five years, explaining excellent indicators for measuring trading strategy performance. It dissects the process of obtaining "tradable strategies" (i.e., strategies that meet trader's risk and return objectives, with real trading results consistent with backtesting results), and provides a set of questions aiming to match trader's risk-tolerance and corresponding tradable strategies. The book also emphasizes an important problem—“curve fitting”—in strategy development, and provides a method known as "build, rebuild, and compare" to determine curve-fitting levels during strategy development. Based on these topics, the author developed a short-term trading system for stocks and a mid-term trend-following strategy for commodities, and also provides a set of risk management methods.

NO4: “Rose of Time”

In "Rose of Time," value investor Dan Bin reviews his investment growth journey, drawing painful practical lessons from technical analysis and firmly shifting to the path of value investment. He integrates his 26 years of investment experience to explain the core and inner logic of value investing, advocating for mutual gain while avoiding zero-sum games. Dan Bin argues that while great investors may pass away with time, some investment principles will remain timeless. He analyzes the basic principles of investment from industry selection to weathering cycles, companies, and history, using practical examples. These are important references and guidelines for investors seeking to achieve value investment and wealth growth.

NO5: “Civilization, Modernization, Value Investment and China”

This book contains two parts: the upper part is derived from the widely known "Sixteen Lectures on Modernization" in the investment field. The author proposes the idea of human civilization's evolution from 1.0 to 3.0, discussing modernization's birth, essence, and iron laws. The author takes the perspective of all humanity to reflect on humanity's common destiny in the future and predicts China's future modernization process. The lower part includes the author's important speeches, thoughts, and book reviews over the past 20 years, including several speeches at the Guanghua Management School in Peking University and the Business School of Columbia University. In addition to discussing the concepts, methods, and practices of value investment, the author also contemplates topics such as human and human nature, era, and the future.