Dive into the literary world of Warren Buffett, CEO of Berkshire Hathaway.

Warren Buffett, often referred to as the "Oracle of Omaha," is one of the most successful investors of all time. Born in 1930 in Omaha, Nebraska, Buffett displayed an early knack for finance and investing, making his first stock purchase at the age of 11. He studied under Benjamin Graham at Columbia Business School, where he adopted Graham's value investing philosophy—a strategy that focuses on undervalued stocks which represent a margin of safety and have potential for substantial growth. Buffett is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate holding company through which he has amassed significant holdings in various major companies, demonstrating unparalleled prowess in maximizing investment value and compounding wealth over decades.

Read 500 pages like this every day. That's how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.❞ — Warren Buffett

Buffett's commitment to reading has been a cornerstone of his investment strategy and personal habits. He famously spends about 80% of his day reading—ranging from financial reports to historical biographies and corporate documents—believing that this habit is crucial to making informed investment decisions. His extensive reading routine underscores his belief in continuous learning and staying well-informed about the economic environment and potential investment opportunities. Buffett advocates that reading widely is essential to successful investing because it contributes to a deeper understanding of the market, its trends, and broader economic factors.

Warren Buffett's Favorite Books

Last Updated: June 2024

Business Adventures: Twelve Classic Tales from the World of Wall Street

This collection of New Yorker essays by John Brooks provides insightful and engaging narratives about pivotal events and characters in American corporate history, making complex business situations accessible and entertaining.
Also recommended by:
Bill Gates 

First a Dream

Clayton, founder of Clayton Homes, shares his entrepreneurial journey, detailing how he started from modest beginnings to build one of America's largest home manufacturers, offering insights into overcoming business challenges and leveraging personal passion into professional success.

Paths to Wealth Through Common Stocks

Fisher shares his investment strategies focused on investing in high-quality growth stocks, detailing how to evaluate potential investments and manage a portfolio for long-term wealth creation.

The Great Crash 1929

Galbraith provides an engaging and detailed analysis of the lead-up to and the aftermath of the 1929 stock market crash, exploring its causes and the lessons that can be learned about financial instability and speculative bubbles.

The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success

Thorndike examines the careers of eight successful CEOs who took unconventional approaches to corporate management and strategy, demonstrating how their unique methods led to remarkable performance for their companies.

Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron

This detailed account of the Enron scandal exposes the unethical practices that led to one of the biggest corporate bankruptcies in American history, offering a critical look at corporate governance and accountability.

Tools and Weapons: The Promise and the Peril of the Digital Age

Microsoft's president, Brad Smith, provides an insider's perspective on the challenges and responsibilities of leading technology companies during a period of rapid innovation and the ethical dilemmas that arise in balancing technology's benefits against its potential harms.

A Piece of the Action : How the Middle Class Joined the Money Class

Nocera chronicles the transformation of American finance from the 1940s through the 1990s, focusing on how innovations in banking, credit, and investing made financial participation accessible to the middle class, fundamentally altering the American economy.

Life Is What You Make It: Find Your Own Path to Fulfillment

In this reflective and inspiring book, Peter Buffett, son of billionaire investor Warren Buffett, shares personal anecdotes and the important lessons he has learned about forging one's path, defining success, and living a meaningful life.

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns

Vanguard founder John C. Bogle advocates for the value of low-cost index funds, arguing that a straightforward, long-term approach to investing, by buying and holding a diversified portfolio of stocks, is the most effective way to gain in the stock market.

In an Uncertain World: Tough Choices from Wall Street to Washington

Former U.S. Treasury Secretary Robert Rubin reflects on his career and the principles of risk management that he applied to financial markets and economic policy, offering a deep insight into the complexities of global finance and governmental decision-making.

Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher

This influential investment guide introduces Fisher's fifteen points to look for in a common stock and details his investment philosophies, including the idea that investors should not sell a well-chosen stock just because it seems overvalued, which has guided generations of investors seeking long-term growth opportunities.

Bull! : A History of the Boom, 1982-1999: What drove the Breakneck Market--and What Every Investor Needs to Know About Financial Cycles

This book provides an in-depth analysis of the great bull market of 1982 to 1999, detailing the economic, political, and social factors that fueled the longest and largest stock market rally in history, and offering insights into the nature of financial cycles.

The Most Important Thing: Uncommon Sense for the Thoughtful Investor

Marks, a renowned investor, distills the wisdom of his client memos into a series of essays on investment philosophy, focusing on risk assessment, market opportunity, and strategic thinking.

Tao of Charlie Munger: A Compilation of Quotes from Berkshire Hathaway's Vice Chairman on Life, Business, and the Pursuit of Wealth

This book collects the wit and wisdom of Charlie Munger, offering insightful and straightforward advice on investing, business practices, and the qualities necessary for personal and professional success.

Supermoney

Goodman offers a witty and insightful exploration of the American financial system during the 1960s and 70s, revealing how money managers, traders, and financiers influenced the markets and the creation of "supermoney," or large amounts of investment capital.

Stress Test: Reflections on Financial Crises

Former U.S. Treasury Secretary Timothy Geithner provides an insider's account of the 2008 financial crisis, detailing the decisions and strategies implemented to stabilize the financial system and prevent economic collapse.
Also recommended by:
Bill Gates 

The Essays of Warren Buffett: Lessons for Corporate America

This book distills the letters of Warren Buffett to his shareholders into a series of lessons on corporate governance, finance, investing, and alternatives for businesses and investors.

Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor

Miller compiles and analyzes the early partnership letters of Warren Buffett, extracting timeless investing principles and strategies that have guided Buffett's long-term success in the stock market.

The Third Wave: An Entrepreneur's Vision of the Future

AOL co-founder Steve Case outlines his vision for the future of the internet, positing that the coming "third wave" will transform major sectors like health, education, transportation, and energy through integration of technology.

The Man Behind the Microchip: Robert Noyce and the Invention of Silicon Valley

Berlin chronicles the life of Robert Noyce, co-inventor of the integrated circuit, co-founder of Intel, and a key figure in the development of Silicon Valley, exploring his impact on technology and corporate culture.

Keeping At It: The Quest for Sound Money and Good Government

In this memoir, former Federal Reserve Chairman Paul Volcker reflects on his career in public service, detailing his efforts to shape U.S. monetary policy and banking regulations, and emphasizing the importance of integrity in government and financial institutions.

Where Are the Customers' Yachts? Or, A Good Hard Look at Wall Street

Originally published in 1940, this classic remains a relevant, humorously cynical look at the excesses of Wall Street and its impact on investors, questioning the actual value financial advisors provide to their customers.

Charlie Munger: The Complete Investor

Griffin presents the investment wisdom and philosophies of Charlie Munger, Warren Buffett's long-time partner at Berkshire Hathaway, detailing his approach to value investing and his strategies for successful decision-making.

Investing Between the Lines: How to Make Smarter Decisions By Decoding CEO Communications

Rittenhouse teaches investors how to interpret corporate communications, advising on how to discern the truth in CEO messages and reports to make more informed investment decisions.

Shoe Dog: A Memoir by the Creator of Nike

This memoir provides an insider's glimpse into the founding and building of Nike, as Phil Knight recounts his journey from selling shoes out of his car trunk to running one of the most iconic and profitable global shoe brands.
Also recommended by:
Bill Gates  Kobe Bryant 

Dream Big (Sonho Grande): How the Brazilian Trio behind 3G Capital - Jorge Paulo Lemann, Marcel Telles and Beto Sicupira Acquired Anheuser-Busch, Burger King and Heinz

This book tells the inspiring story of three Brazilian businessmen who built a financial empire by applying strict budget discipline and a unique management style, ultimately making bold moves in the global market to acquire major international brands.

Influence: The Psychology of Persuasion

Cialdini explores the psychology behind why people say "yes" and outlines six universal principles of persuasion that can be used to become a more skilled persuader and also to defend oneself against manipulation.

Jack: Straight from the Gut

Jack Welch, the former CEO of General Electric, shares insights from his career, detailing his management philosophy, his strategies for leadership and business growth, and his controversial decisions that significantly transformed GE.

The Clash of the Cultures: Investment vs. Speculation

Bogle, the founder of Vanguard, highlights the detrimental impact of speculative investing on the real economy and advocates for a return to traditional investment principles, focusing on long-term asset management strategies that promote financial growth and stability.

40 Chances: Finding Hope in a Hungry World

Howard Buffett explores his journey of understanding global food insecurity and shares compelling stories from his travels, proposing that everyone has about 40 chances to accomplish their life goals and make an impact on the world, emphasizing the urgency to act efficiently and effectively in whatever passions or careers they pursue.

The Science of Hitting

Baseball legend Ted Williams shares the techniques and philosophies that made him one of the greatest hitters in baseball history, providing detailed advice on the mechanics of hitting and how to improve performance at the plate.

The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor

This book expands on Marks' original work with additional commentary and insights, offering investors a deeper understanding of the art of investing through focusing on risk management, market psychology, and value creation.

A Short History of Nearly Everything

Bryson takes readers on a grand tour of the sciences, exploring the history of discoveries from the Big Bang to the rise of civilization, presenting complex subjects in an accessible and entertaining manner.

The Moment of Lift: How Empowering Women Changes the World

Melinda Gates offers compelling insights into how empowering women can lead to transformative improvements across societies worldwide.
Also recommended by:
Barack Obama  Bill Gates 

Firefighting: The Financial Crisis and Its Lessons

Written by three key policymakers at the heart of the 2008 financial crisis, this book provides an insider's account of the decisions made to stabilize the financial system and offers lessons on preventing future crises.

Americana: A 400-Year History of American Capitalism

Srinivasan narrates the history of America through the lens of capitalism, exploring how business and economic developments have shaped the nation from colonial times to the present day.

The General Theory of Employment, Interest and Money

Keynes' seminal work revolutionized economics by arguing that economic demand, and not supply, is the key driver of economic output, fundamentally challenging classical economics and laying the foundation for modern macroeconomic theory.
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