Warren Buffett, the Oracle of Omaha and one of the richest and most successful investors in history, is known for his love of reading and lifelong learning. He once said, “Read 500 pages every day. That’s how knowledge works. It builds up, like compound interest.” With that in mind, let’s take a look at some of the books recommended by Warren Buffett.
Warren Buffett is well-known for his voracious reading habit, which he credits as a key factor in his success. He has been quoted as saying that he spends 80% of his day reading and has described himself as an “incurable reader”. His reading interests are diverse, ranging from annual reports of companies to history books, biographies, and fiction.
Buffett’s reading habit is a major component of his investment strategy, as he believes that reading widely and deeply is the best way to learn and gain new insights. He has often talked about how reading has allowed him to expand his understanding of various subjects, including economics, finance, business, and psychology.
In addition to reading books, Buffett also reads several newspapers each day, including The Wall Street Journal, The New York Times, and the Omaha World-Herald. He has stated that reading news helps him stay informed about current events and identify potential investment opportunities.
Overall, Warren Buffett’s reading habit is a testament to the value he places on continuous learning and self-improvement. His commitment to reading widely and regularly serves as an inspiration for many, and highlights the importance of keeping an open mind and a lifelong love for learning.
1. “The Intelligent Investor” by Benjamin Graham
This book is considered a classic in the investing world and is highly recommended by Warren Buffett himself. It teaches readers about value investing and the principles of conservative investing.
2. “The Essays of Warren Buffett: Lessons for Corporate America” edited by Lawrence Cunningham
This book is a collection of letters that Warren Buffett wrote to the shareholders of Berkshire Hathaway, his holding company. In these letters, he shares his wisdom and advice on business, investing, and life.
3. “Security Analysis” by Benjamin Graham and David Dodd
This book is also written by Benjamin Graham, who was Warren Buffett’s professor and mentor. It provides a comprehensive guide to value investing and is considered a must-read for any serious investor.
4. “How to Win Friends and Influence People” by Dale Carnegie
This book teaches readers how to improve their interpersonal skills and make a positive impact on others. According to Warren Buffett, this book has had a profound impact on his life and career.
5. “Business Adventures” by John Brooks
This book is a collection of stories about business and finance and is considered a classic in the field. Warren Buffett has said that he learned more about investing from this book than from any other.
6. “The Alchemy of Finance” by George Soros
This book is a memoir of George Soros’ life and career as a hedge fund manager. It provides insights into his investment philosophy and how he approaches the markets.
7. “The Richest Man in Babylon” by George S. Clason
This book is a collection of parables set in ancient Babylon that teach timeless lessons about money management and wealth creation.
8. “The General Theory of Employment, Interest and Money” by John Maynard Keynes
This book is considered a cornerstone of modern macroeconomics and explores the relationship between economic activity, employment, and inflation.
9. “Common Stocks and Uncommon Profits” by Philip Fisher
This book is a classic in the investing world and provides a comprehensive guide to stock analysis and portfolio management.
10.“The Greatest Salesman in the World” by Og Mandino
This book is a self-help guide that teaches the reader how to be successful in both personal and professional life by adopting the right mindset and habits.
11. “The Lean Startup” by Eric Ries
This book provides a framework for building successful startups by encouraging entrepreneurs to focus on customer needs and iterate quickly based on feedback.
12. “Poor Charlie’s Almanack” edited by Peter D. Kaufman
This book is a collection of speeches, writings, and interviews with Charlie Munger, Warren Buffett’s long-time business partner and vice chairman of Berkshire Hathaway.
13. “Influence: The Psychology of Persuasion” by Robert Cialdini
This book explores the science of persuasion and provides practical tips for influencing others in both personal and professional contexts.
14. “The Nature of the Firm” by Ronald Coase
This book is a seminal work in the field of economics that explores the reasons why firms exist and how they operate. Warren Buffett has praised this book for its groundbreaking insights into the economics of firms and organizations.
15. “Thinking, Fast and Slow” by Daniel Kahneman
This book is a best-selling work by Nobel Prize-winning psychologist Daniel Kahneman that explores the dual processes of human thinking and how they shape our decision-making. Warren Buffett has recommended this book for its insights into the psychology of decision-making and its potential to improve our investment and life decisions.
These books provide a diverse range of perspectives and insights, from economics and finance to psychology and self-help. They are all recommended by Warren Buffett for their potential to broaden one’s understanding and improve decision-making skills. In conclusion, these books are just a few of the many that Warren Buffett has recommended over the years.
Whether you are an aspiring investor or simply looking to improve your knowledge and skills, these books are a great place to start. Remember, as Warren Buffett once said, “The best investment you can make is in your own abilities.
Anything you can do to develop your own abilities is likely to be more productive in the long run than buying shares or trying to time the market.” Warren Buffett’s endorsement of these books highlights their potential to enrich our lives and enhance our understanding of the world.