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
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Tools and Weapons: The Promise and the Peril of the Digital Age
Author: Brad Smith
Publisher: Penguin Press
Date: Sep 10th, 2019
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.
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
Author: Correa Cristiane
Publisher: Sextante
Date: Jan 1st, 2014
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.
Paths to Wealth Through Common Stocks
Author: Philip A. Fisher
Publisher: John Wiley and Sons
Date: Aug 3rd, 2007
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 Man Behind the Microchip: Robert Noyce and the Invention of Silicon Valley
Author: Leslie Berlin
Publisher: Oxford University Press
Date: Jun 10th, 2005
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.
The Most Important Thing: Uncommon Sense for the Thoughtful Investor
Author: Howard Marks
Publisher: Columbia Business School Publishing
Date: May 1st, 2011
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.
Secrets of Successful Sales
Author: Alison Edgar MBE
Publisher: Panoma Press
Date: Mar 6th, 2018
Edgar, known as "The Entrepreneur's Godmother," shares practical techniques and personal insights to help individuals improve their sales skills and better understand customer psychology to drive success in various business environments.
The Essays of Warren Buffett: Lessons for Corporate America
Author: Lawrence Cunningham
Publisher: Carolina Academic Press
Date: Oct 1st, 2019
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
Author: Jeremy C. Miller
Publisher: Harper Business
Date: Apr 26th, 2016
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.
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One Thousand Ways to Make $1000
Author: F. C. Minaker
Publisher: Legacy Book Company
Date: Mar 1st, 2010
Originally published in the early 20th century, this book provides practical tips and ideas for starting small businesses or making side income, emphasizing the basics of entrepreneurial success through personal anecdotes and actionable advice.
The Great Crash 1929
Author: John Kenneth Galbraith
Publisher: Harper Business
Date: Sep 10th, 2009
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.
Business Adventures: Twelve Classic Tales from the World of Wall Street
Author: John Brooks
Publisher: Open Road Media
Date: Oct 7th, 2014
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.
The Wealth Choice: Success Secrets of Black Millionaires
Author: Dennis Kimbro
Publisher: Palgrave Macmillan Trade
Date: Feb 19th, 2013
Through a series of interviews and research, Kimbro uncovers the common traits, strategies, and motivational factors shared by successful African-American millionaires, providing guidance and inspiration for others to achieve financial success.
The General Theory of Employment, Interest and Money
Author: John Maynard Keynes CB Fba
Publisher: BN Publishing
Date: Jul 21st, 2008
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.
The Science of Hitting
Author: Ted Williams
Publisher: Simon & Schuster
Date: Apr 29th, 1986
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 Ten Commandments for Business Failure
Author: Donald R. Keough
Publisher: Portfolio
Date: Jul 24th, 2008
Keough, a former president of The Coca-Cola Company, outlines the most common mistakes leaders and managers make that lead to failure, providing insightful, often counterintuitive, lessons on what not to do.
Take on the Street: What Wall St. and Corporate America Don't Want You to Know / What You Can Do to Fight Back
Author: Arthur Levitt
Publisher: Pantheon
Date: Oct 8th, 2002
Former SEC Chairman Arthur Levitt provides a critical insider's view on how Wall Street and Corporate America operate, offering practical advice for individual investors on how to navigate the financial markets and protect their investments.
Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition
Author: John C. Bogle
Publisher: Wiley
Date: Dec 2nd, 2009
Bogle offers a thorough update to his investing classic, emphasizing long-term investing strategies and the importance of low-cost index funds, along with a critique of the mutual fund industry's fees and practices.
The Ultimate Quotable Einstein
Author: Albert Einstein
Publisher: Princeton University Press
Date: Oct 31st, 2010
This comprehensive collection features the most memorable and profound quotes from Albert Einstein, covering topics ranging from science and philosophy to human rights and education.
The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns
Author: John C. Bogle
Publisher: Wiley
Date: Oct 16th, 2017
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.
Seeking Wisdom: From Darwin to Munger
Author: Peter Bevelin
Publisher: PCA Publications L.L.C.
Date: Oct 22nd, 2024
This book delves into the major ideas across various disciplines like psychology, economics, and physics to explain how understanding these areas can improve decision-making processes, drawing heavily on the wisdom of Charles Darwin and Charlie Munger.
Charlie Munger: The Complete Investor
Author: Tren Griffin
Publisher: Columbia Business School Publishing
Date: Sep 15th, 2015
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.
Bull! : A History of the Boom, 1982-1999: What drove the Breakneck Market--and What Every Investor Needs to Know About Financial Cycles
Author: Maggie Mahar
Publisher: Harper Business
Date: Oct 21st, 2003
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 Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
Author: William N. Thorndike Jr.
Publisher: Harvard Business Review Press
Date: Oct 23rd, 2012
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.
Tao of Charlie Munger: A Compilation of Quotes from Berkshire Hathaway's Vice Chairman on Life, Business, and the Pursuit of Wealth
Author: David Clark
Publisher: Scribner
Date: Jan 3rd, 2017
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.
Showing Up for Life: Thoughts on the Gifts of a Lifetime
Author: Bill Gates Sr.
Publisher: Crown Currency
Date: May 11th, 2010
In this collection of personal anecdotes and reflections, Bill Gates Sr. shares insights on values, responsibility, and philanthropy, drawing from his own life experiences and his role in shaping the path of his son, Bill Gates, and the work of the Gates Foundation.
Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron
Author: Bethany McLean
Publisher: Portfolio Hardcover
Date: Oct 13th, 2003
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.
Stress Test: Reflections on Financial Crises
Author: Timothy F. Geithner
Publisher: Crown
Date: May 12th, 2014
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.
Investing Between the Lines: How to Make Smarter Decisions By Decoding CEO Communications
Author: L.J. Rittenhouse
Publisher: McGraw Hill
Date: Jan 8th, 2013
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.
Influence: The Psychology of Persuasion
Author: Robert B. Cialdini
Publisher: Harper Business
Date: Dec 26th, 2006
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.
Common Stocks and Uncommon Profits and Other Writings by Philip A. Fisher
Author: Philip A. Fisher
Publisher: John Wiley & Sons Inc
Date: Oct 22nd, 1996
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.
Jack: Straight from the Gut
Author: Jack Welch
Publisher: Business Plus
Date: Oct 2nd, 2018
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.
Firefighting: The Financial Crisis and Its Lessons
Author: Ben S. Bernanke
Publisher: Penguin Books
Date: Apr 16th, 2019
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.
Shoe Dog: A Memoir by the Creator of Nike
Author: Phil Knight
Publisher: Scribner
Date: Apr 26th, 2016
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.
Americana: A 400-Year History of American Capitalism
Author: Bhu Srinivasan
Publisher: Penguin Books
Date: Dec 4th, 2018
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.
Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger
Author: Charles T. Munger
Publisher: Stripe Press
Date: Dec 5th, 2023
This compilation offers a deep dive into the investing philosophy and life lessons from Charlie Munger, Warren Buffett's longtime business partner at Berkshire Hathaway, featuring his speeches, advice, and personal anecdotes.