Nine Book Recommendations From Warren Buffett
Post on: 11 Сентябрь, 2015 No Comment
When Warren Buffett started his investing career, he would read 600, 750, or 1,000 pages a day .
Even now, he still spends about 80% of his day reading.
“Look, my job is essentially just corralling more and more and more facts and information, and occasionally seeing whether that leads to some action,” he once said in an interview .
“We don’t read other people’s opinions,” he says. “We want to get the facts, and then think.”
To help you get into the mind of the billionaire investor, we’ve rounded up his book recommendations over 20 years of interviews and shareholder letters.
See full article via Financial Post
Book Recommendations by Warren Buffett: The Intelligent Investor
This classic text is annotated to update Grahams timeless wisdom for todays market conditions
The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Grahams philosophy of value investing which shields investors from substantial error and teaches them to develop long-term strategies has made The Intelligent Investor the stock market bible ever since its original publication in 1949.
Over the years, market developments have proven the wisdom of Grahams strategies. While preserving the integrity of Grahams original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of todays market, draws parallels between Grahams examples and todays financial headlines, and gives readers a more thorough understanding of how to apply Grahams principles.
Book Recommendations by Warren Buffett: Security Analysis
Rare is the opportunity to see, much less own, an original. But this unusual, carefully crafted reproduction of Benjamin Graham and David Dodds immortal Security Analysis gives you that chanceto read and treasure a true classicthe book that gave birth to value investing.
Continuously in print through five editions, for more than 60 years, and through nearly a million copies, the primer for many of Americas most illustrious investorsand the wellspring of Graham and Dodds Wall Street ImmortalitySecurity Analysis is indisputably the most influential book on investing ever written. Still the investors bible, its as frequently consulted today as it was when it first appeared in 1934.
Book Recommendations by Warren Buffett: Common Stocks and Uncommon Profits
Widely respected and admired, Philip Fisher is among the most influential investors of all time. His investment philosophies, introduced almost forty years ago, are not only studied and applied by todays financiers and investors, but are also regarded by many as gospel. This book is invaluable reading and has been since it was first published in 1958. The updated paperback retains the investment wisdom of the original edition and includes the perspectives of the authors son Ken Fisher, an investment guru in his own right in an expanded preface and introduction
I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits and Other Writings A thorough understanding of the business, obtained by using Phils techniquesenables one to make intelligent investment commitments. Warren Buffet
Book Recommendations by Warren Buffett: Stress Test
As president of the Federal Reserve Bank of New York and then as President Barack Obama’s secretary of the Treasury, Timothy F. Geithner helped the United States navigate the worst financial crisis since the Great Depression, from boom to bust to rescue to recovery. In a candid, riveting, and historically illuminating memoir, he takes readers behind the scenes of the crisis, explaining the hard choices and politically unpalatable decisions he made to repair a broken financial system and prevent the collapse of the Main Street economy. This is the inside story of how a small group of policy makers—in a thick fog of uncertainty, with unimaginably high stakes—helped avoid a second depression but lost the American people doing it. Stress Test is also a valuable guide to how governments can better manage financial crises, because this one won’t be the last.
Book Recommendations by Warren Buffett: The Essays of Warren Buffett
Buffett repeatedly declares The Essays Recommended Reading
- By arranging Warren Buffetts lengthy writings thematically, Cunninghams classic clarifies all the principles of Buffetts philosophy of business and investing.
- Cunninghams new book, Berkshire Beyond Buffett: The Enduring Value of Values, takes deep dives inside Berkshires businesses to glimpse the future by a study of the past.
Book Recommendations by Warren Buffett: Jack: Straight From The Gut
They called him Neutron Jack. They called him the worlds toughest boss. And then Fortune called him The Manager of the Century. In his twenty-year career at the helm of General Electric, Jack Welch defied conventional wisdom and turned an aging behemoth of a corporation into a lean, mean engine of growth and corporate innovation. In this remarkable autobiography-a classic business book and runaway New York Times bestseller now updated with a new afterword by the author-Jack Welch takes us on the rough-and-tumble ride that has been his remarkable life. From his working-class childhood to his early days in G.E. Plastics to his life at the top of the worlds most successful company, Welch tells his intensely personal story with his well-known fire and candor. And although it chronicles billion-dollar deals and high-stakes corporate standoffs, Jack is ultimately a story about people-from a man who based his career on demanding only the best from others and from himself.
Book Recommendations by Warren Buffett: The Outsiders
#1 on Warren Buffett’s Recommended Reading List, Berkshire Hathaway Annual Shareholder Letter, 2012
In this refreshing, counterintuitive book, author Will Thorndike brings to bear the analytical wisdom of a successful career in investing, closely evaluating the performance of companies and their leaders. You will meet eight individualistic CEOs whose firms’ average returns outperformed the S&P 500 by a factor of twenty—in other words, an investment of $10,000 with each of these CEOs, on average, would have been worth over $1.5 million twenty-five years later. You may not know all their names, but you will recognize their companies: General Cinema, Ralston Purina, The Washington Post Company, Berkshire Hathaway, General Dynamics, Capital Cities Broadcasting, TCI, and Teledyne. In The Outsiders. you’ll learn the traits and methods—striking for their consistency and relentless rationality—that helped these unique leaders achieve such exceptional performance.
Book Recommendations by Warren Buffett: The Clash of the Cultures
Over the course of his sixty-year career in the mutual fund industry, Vanguard Group founder John C. Bogle has witnessed a massive shift in the culture of the financial sector. The prudent, value-adding culture of long-term investment has been crowded out by an aggressive, value-destroying culture of short-term speculation. Mr. Bogle has not been merely an eye-witness to these changes, but one of the financial sector’s most active participants. In The Clash of the Cultures. he urges a return to the common sense principles of long-term investing.