Warren Buffett

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Warren Buffett

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.

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Warren Buffett's Favorite Books

Last Updated: June 2024

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.

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.

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Poor Charlie’s Almanack: The Essential Wit and Wisdom of Charles T. Munger

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.

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.

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 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.

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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.

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.

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.

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.

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.

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 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.

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.

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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.

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.

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.

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.

The Wealth Choice: Success Secrets of Black Millionaires

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.

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.

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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.

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.

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.

Essays In Persuasion (1932)

A collection of essays in which Keynes articulates his theories on a wide range of economic topics, including inflation, deflation, unemployment, fiscal policies, and international finance, many of which influenced the development of modern macroeconomic policies.

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.

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.