“I’m interested in learning about quantitative analysis. I was wondering if you
might be able to suggest a good book to start with. I’ve read Rule 1# investing and been using it for a little bit. I’m interested getting into finance as a career though. My background is in Computer Science and software development, so I’ve had exposure to Calculus etc… I appreciate any recommendations you might have.”
Hello JT! I’m glad to hear that you are interested in learning more about quantitative analysis. I can think of two books you might want to check out.
The first book is Value Investing by Bruce Greenwald et al. It covers the basics of different types of stock valuation.
The second book is Investment Valuation: Tools and Techniques for Determining the Value of Any Asset by Aswath Damodaran. This is a comprehensive, more mathematical, text book on valuation. I learned a lot from it. Damodaran has a website with a lot of material,
lectures, and even manuscripts of some of his books.
By the way, you don’t need calculus for valuation. Heck, it will likely only get you in
trouble. I guess it could help in learning some of the mathematical theory of why
certain things work, but that’s about it.
Does anyone else have any suggestions?