Reading List — 投资教材与一手资料清单

读完本页后，你应该能够：

• 针对任意一层（L1–L7）快速找到首推教材与首推一手信源
• 区分哪些材料可合法免费获取、哪些必须自购
• 知道下一步要 ingest 的候选优先顺序

本清单按 roadmap 7 层组织。每层分"★ 首推"、"进阶"、"一手信源（免费）"三组。版权书不做网络下载，仅自购后以合法摘要 ingest 入 wiki/pages/。

1.1 ★ 首推

• Damodaran NYU 课程：pages.stern.nyu.edu/~adamodar/ — free, 官方开放
• 《手把手教你读财报》唐朝 — paid
• Security Analysis, Graham & Dodd — paid
• Valuation: Measuring and Managing the Value of Companies, McKinsey — paid

1.2 进阶

• Financial Shenanigans, Howard Schilit — paid
• 《估值的艺术》N. Schmidlin — paid
• Options as a Strategic Investment, Lawrence McMillan — paid
• Option Volatility and Pricing, Sheldon Natenberg — paid
• Volatility Trading, Euan Sinclair — paid
• Fixed Income Analysis, Fabozzi — paid

1.3 一手信源（free）

• Damodaran data & spreadsheets（历年 ERP、行业乘数、Beta）
• FOMC Statements — federalreserve.gov/monetarypolicy.htm
• PBoC 货币政策执行报告（季度） — pbc.gov.cn

2.1 ★ 首推

• Market Wizards 系列, Jack Schwager — paid
• Common Sense on Mutual Funds, John Bogle — paid
• Mastering Bitcoin, Andreas Antonopoulos — free（GitHub 开源）
• Mastering Ethereum, Antonopoulos & Wood — free（GitHub 开源）

2.2 进阶

• DeFi and the Future of Finance, Campbell Harvey — paid
• 《中国证券市场发展史》吴晓求 — paid
• 《香港股市风云三十年》 — paid

2.3 一手信源（free）

• SEC EDGAR：sec.gov/edgar — 美股 10-K / 10-Q / S-1 / 13F / Form 4
• 巨潮资讯网：cninfo.com.cn — A 股年报、公告
• 港交所披露易：www1.hkexnews.hk — 港股公告
• Vitalik 博客：vitalik.eth.limo — CC 授权
• Morningstar 分析师报告（部分 free）

3.1 ★ 首推

• Principles for Navigating Big Debt Crises, Ray Dalio — free, Bridgewater 官方 PDF
• Principles, Ray Dalio — paid
• Lords of Finance, Liaquat Ahamed — paid

3.2 进阶

• Manias, Panics, and Crashes, Kindleberger — paid
• This Time Is Different, Reinhart & Rogoff — paid
• The Changing World Order, Dalio — paid

3.3 一手信源（free）

• FRED：fred.stlouisfed.org — 美国宏观全量数据
• Trading Economics：tradingeconomics.com — 全球宏观聚合
• BIS working papers：bis.org/publ/ — 全球央行
• Fed, ECB, PBoC, BoJ, BoE 官网
• Dalio YouTube "How the Economic Machine Works"（30 分钟动画）

4.1 AI

• ★ Chip War, Chris Miller — paid
• Stratechery by Ben Thompson — paid newsletter
• Semianalysis — paid newsletter
• NVDA / TSM / ASML / AVGO / ARM 历年 10-K + earnings call — free via SEC / 官网

4.2 能源

• ★ The Prize, Daniel Yergin — paid
• The New Map, Yergin — paid
• Energy Transitions, Vaclav Smil — paid
• BP Statistical Review of World Energy — free 官方 PDF
• IEA World Energy Outlook 摘要 — free
• XOM / CVX / SHEL / 中石油 年报 — free

4.3 太空

• ★ Liftoff, Eric Berger — paid
• Reentry, Eric Berger — paid
• Payload newsletter：payloadspace.com — free
• FAA AST 发射许可数据库 — free
• Rocket Lab / ASTS 10-K — free

4.4 量子

• Quantum Computing: An Applied Approach, Jack Hidary — paid
• Quantum Computing for Everyone, Chris Bernhardt — paid
• IBM Quantum Network blog — free
• Google Quantum AI blog — free
• 潘建伟组 arXiv 论文 — free

4.5 加密

• ★ Vitalik 博客 — free
• Bankless podcast — free
• Messari / Glassnode / Artemis 数据面板 — 部分 free
• BTC/ETH 白皮书 — free

4.6 Elon 系（横贯 L4/L5）

• ★ Elon Musk, Walter Isaacson（2023） — paid
• Elon Musk, Ashlee Vance（2015） — paid
• TSLA 历年 10-K + Investor Day transcript — free via SEC
• SpaceX 无公开财报，靠 Berger 两本书 + 二级市场数据 + Starlink 披露
• xAI / Neuralink / The Boring Company 公告 — free

5.1 ★ 首推

• 7 Powers, Hamilton Helmer — paid
• Competition Demystified, Bruce Greenwald — paid
• The Outsiders, William Thorndike — paid

5.2 一手信源（free）

• Berkshire Hathaway 历年股东信：berkshirehathaway.com/letters/letters.html
• Buffett Partnership Letters 1957–1969 — free（Berkshire 官方收录）
• Amazon 股东信合集 1997–2020 — free via SEC
• 段永平雪球：xueqiu.com/dafenqi — free
• 各公司历年 annual report / proxy statement — free

6.1 长期价值

• ★ Buffett Letters — free
• Margin of Safety, Seth Klarman — paid（绝版）
• 《穷查理宝典》Munger — paid

6.2 成长

• ★ Common Stocks and Uncommon Profits, Philip Fisher — paid
• 100 Baggers, Chris Mayer — paid
• The Little Book That Builds Wealth, Pat Dorsey — paid

6.3 宏观

• ★ More Money Than God, Sebastian Mallaby — paid
• Inside the House of Money, Steven Drobny — paid
• Druckenmiller Real Vision / Hidden Forces 访谈 — 部分 free

6.4 事件驱动

• ★ You Can Be a Stock Market Genius, Joel Greenblatt — paid
• Merger Masters, Kate Welling & Mario Gabelli — paid
• Matt Levine "Money Stuff" Bloomberg newsletter — free 订阅

6.5 趋势跟随（CTA）

• ★ Trend Following, Michael Covel — paid
• Following the Trend, Andreas Clenow — paid
• Systematic Trading, Robert Carver — paid
• Dunn Capital / Man AHL / Winton white papers — free 部分

7.1 ★ 首推

• Howard Marks memos：oaktreecapital.com/insights/memos — free 全部
• The Most Important Thing, Howard Marks — paid
• A Man for All Markets, Ed Thorp — paid
• Thinking, Fast and Slow, Kahneman — paid

7.2 进阶

• Antifragile / Fooled by Randomness / Black Swan, Taleb — paid
• Fortune's Formula, William Poundstone — paid
• Active Portfolio Management, Grinold & Kahn — paid

8.1 已 ingest（转成 wiki 页）

8.2 建议下一批 ingest 候选

• 版权书不做网络下载，仅自购后摘要 ingest
• 先把 free 一手信源全部打通（EDGAR / 巨潮 / 披露易 / Berkshire / Oaktree / Bridgewater），能覆盖 60%+ 的深度工作
• 清单随新资料追加、旧资料退役，每次修改更新 frontmatter updated

• ← 索引
• Roadmap 7 层框架
• Operations INGEST 流程