Books mentioned in this video (Amazon Links):
1. The Intelligent Investor by Benjamin Graham
2. Security Analysis by Benjamin Graham
3. Common Stocks and Uncommon Profits by Philip Fisher
4. Stress Test: Reflections on Financial Crises by Tim Geithner
5. The Essays of Warren Buffett by Warren Buffett
6. Jack: Straight From The Gut by Jack Welch
7. The Outsiders by William Thorndike, Jr.
8. The Clash of the Cultures by John Bogle
9. Business Adventures: Twelve Classic Tales from the World of Wall Street by John Brooks
10. The Little Book of Common Sense Investing by Jack Bogle
11. Dream Big by Cristiane Correa
12. The Most Important Thing Illuminated, by Howard Marks
13. First a Dream, by Jim Clayton and Bill Retherford
14. Poor Charlie’s Almanack, edited by Peter Kaufman
15. Where Are the Customers’ Yachts? by Fred Schwed
16. The snowball: Warren Buffett and the business of life by Alice Schroeder
Warren Buffett, one of the world’s most successful investors, is known for his disciplined approach to investing and his sound business acumen. Over the years, he has recommended several books to his colleagues, friends, and investors. In this blog post, we will discuss the 15 books that Warren Buffett thinks everyone should read.
The Intelligent Investor by Benjamin Graham
The Intelligent Investor is a classic book on value investing written by Benjamin Graham. This book teaches investors how to analyze companies and identify undervalued stocks. It also provides practical advice on portfolio management and risk management. Warren Buffett has called this book “the best book on investing ever written.”
Security Analysis by Benjamin Graham
Security Analysis is another book by Benjamin Graham that Warren Buffett recommends. This book provides a comprehensive guide to fundamental analysis and valuation techniques. It is considered the bible of value investing.
Common Stocks and Uncommon Profits by Philip Fisher
Common Stocks and Uncommon Profits is a classic book on growth investing written by Philip Fisher. This book teaches investors how to identify companies with strong growth prospects and invest in them for the long term. Warren Buffett has praised this book for its insightful analysis and practical advice.
Stress Test: Reflections on Financial Crises by Tim Geithner
Stress Test is a book written by Tim Geithner, the former U.S. Treasury Secretary. In this book, Geithner reflects on his experience during the 2008 financial crisis and provides insights into the workings of the U.S. financial system. Warren Buffett has recommended this book for its insightful analysis of the crisis and its aftermath.
The Essays of Warren Buffett by Warren Buffett
The Essays of Warren Buffett is a collection of letters written by Warren Buffett to his shareholders. These letters provide insights into his investment philosophy and offer practical advice on investing. This book is considered a must-read for anyone interested in learning about Warren Buffett’s investment approach.
Jack: Straight From The Gut by Jack Welch
Jack: Straight From The Gut is a memoir by Jack Welch, the former CEO of General Electric. In this book, Welch shares his experience as a CEO and provides insights into his leadership philosophy. Warren Buffett has recommended this book for its practical advice on management and leadership.
The Outsiders by William Thorndike, Jr.
The Outsiders is a book written by William Thorndike, Jr. It profiles eight CEOs who have achieved exceptional results by thinking and acting differently. Warren Buffett has praised this book for its insightful analysis of these CEOs and their approach to business.
The Clash of the Cultures by John Bogle
The Clash of the Cultures is a book written by John Bogle, the founder of Vanguard. In this book, Bogle argues that the financial industry has lost sight of its mission to serve investors and has become too focused on short-term profits. Warren Buffett has recommended this book for its insights into the problems facing the financial industry.
Business Adventures: Twelve Classic Tales from the World of Wall Street by John Brooks
Business Adventures is a book written by John Brooks. It is a collection of twelve stories about some of the most memorable moments in the history of American business. Warren Buffett has recommended this book for its insights into the world of business and its colorful characters.
The Little Book of Common Sense Investing by Jack Bogle
The Little Book of Common Sense Investing is a book written by Jack Bogle. It is a guide to investing in low-cost index funds. Warren Buffett has recommended this book for its practical advice on investing and its focus on long-term results.
Dream Big by Cristiane Correa
Warren Buffett is a big believer in dreaming big, and this book by Cristiane Correa tells the story of three Brazilian entrepreneurs who did just that. In “Dream Big,” Correa chronicles the rise of Jorge Paulo Lemann, Marcel Telles, and Beto Sicupira, who transformed a small brewery in Brazil into one of the largest beer companies in the world. Buffett has praised the book, saying, “Cristiane Correa has done a wonderful job of telling the story of Jorge Paulo Lemann, Marcel Telles, and Beto Sicupira. These are three men who have taken on some of the toughest challenges in business and have succeeded beyond all expectations. Their story is an inspiration to anyone who wants to dream big and achieve great things.”
The Most Important Thing Illuminated, by Howard Marks
Howard Marks is the co-founder and co-chairman of Oaktree Capital Management, a Los Angeles-based investment firm. In “The Most Important Thing Illuminated,” Marks shares his insights on investing, risk management, and the psychology of the market. Buffett has recommended the book to investors, saying, “When I see memos from Howard Marks in my mail, they’re the first thing I open and read. I always learn something, and that goes double for his book.”
First a Dream, by Jim Clayton and Bill Retherford
In “First a Dream,” Jim Clayton shares his story of how he went from a poor boy in rural Tennessee to the founder of Clayton Homes, one of the largest manufacturers of mobile and manufactured homes in the world. Buffett has praised the book, saying, “Jim Clayton’s story is a remarkable one, and ‘First a Dream’ tells it well. It’s a story of hard work, determination, and the willingness to take risks. Anyone who wants to be successful in business can learn from Jim’s example.”
Poor Charlie’s Almanack, edited by Peter Kaufman
“Poor Charlie’s Almanack” is a collection of speeches and writings by Charlie Munger, Buffett’s longtime business partner and friend. The book covers a wide range of topics, from investing and business to psychology and philosophy. Buffett has called the book “something special,” and said, “Charlie is truly the broadest thinker I have ever encountered. From business principles to economic principles to the best books to read – he knows it all.”
‘Where Are the Customers’ Yachts?’ by Fred Schwed
“Where Are the Customers’ Yachts?” is a classic book on investing that was first published in 1940. The book is a humorous critique of Wall Street and the investment industry, and it remains relevant today. Buffett has recommended the book to investors, saying, “Schwed’s book is the funniest book ever written about investing. It’s also the wisest. Once you read it, you’ll never forget the lesson: ‘Where are the customers’ yachts?'”
The Snowball: Warren Buffett and the Business of Life by Alice Schroeder
“The Snowball” is a biography of Warren Buffett written by Alice Schroeder. The book covers Buffett’s life from his childhood in Omaha, Nebraska, to his rise as one of the richest and most successful investors in the world. Buffett has praised the book, saying, “Alice Schroeder has produced a monumental biography of Warren Buffett that will be read and reread for years to come. This is a book that captures the essence of who Warren Buffett is and what has made him so successful.”
Warren Buffett, one of the world’s most successful investors, has provided his list of recommended books that cover a wide range of topics such as finance, investing, leadership, and personal growth. These books have valuable lessons that can help individuals in their decision-making process and provide guidance in their personal and professional growth. Whether you are a student, a professional, or an entrepreneur, reading the books on this list can help you gain a deeper understanding of the principles that have led to Warren Buffett’s success. Ultimately, these books can help you improve your skills and knowledge, which will benefit you in achieving your goals and becoming a successful leader and manager.