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Books Warren Buffett Thinks You Must Read
The CEO and chairman of Berkshire Hathaway, Billionaire Warren Buffet is probably the best person to recommend books as he spends almost 80% of his time reading. Below is the list of 7 books Warren Buffet thinks you must read to become a prolific reader.
1. Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger
Poor Charlie’s Almanack is one of the best books recommended by Warren Buffet. This book is all about financial wisdom as it is a collection of speeches and talks by the long-serving vice chairman of Berkshire Hathaway, Charlie Munger.
This recommendation of Warren Buffet is a must-read for any fan of Munger, Buffett, Benjamin Graham, Berkshire Hathaway.
2. The Intelligent Investor
This book of Benjamin Graham is often praised by Warren Buffet
“Of all the investments I ever made, buying Ben’s book was the best (except for my purchase of two marriage licenses). In contrast, Ben’s ideas were explained logically in elegant, easy-to-understand prose (without Greek letters or complicated formulas).”
The book “The Intelligent Investor” contains strategies for successfully utilising value investing in the stock market. If someone is pretty interested in learning these techniques, he/she must go for it.
3. The Clash Of The Cultures
Warren buffet recommended this book by John C. Bogle in the annual shareholder letter of 2012.
In Clash of the culture, the author shed light on how short-term speculation is destroying long-term investment, and also he mentioned some practical tips on avoiding risk factors while investing.
4. The Most Important Thing: Uncommon Sense for the Thoughtful Investor
The author of “the Most Important Things”, Howard Marks gave an insight contained in each of his client memos in a single volume, enabling the reader to learn from his time-tested philosophy.
5. Warren Buffett’s Partnership Letters: Words of Wisdom From The World’s Greatest Investor
Warren Buffet about this book;
“If you are fascinated by investment theory and practice, you will enjoy this book.”
This book is written by Jeremy C. Miller and it’s based on a series of letters, buffet wrote from 1956 to 1970 to his partners about his ground rules of investment.
“Warren Buffet’s ground rules” would be pretty much useful for you, if you are really interested in investments.
6. Dream Big
Author, Cristiane Correa wrote down the story of three Brazilian businessmen in the form of “Dream Big” who build the biggest empire in the history of Brazilian capitalism.
Buffet recommended the book “My friend and now partner Jorge Paulo and his team are among the best businessmen in the world. He is a fantastic person and his story should be an inspiration to everybody, as it is for me”.
7. A Few Lessons For Investors And Managers From Warren E. Buffett
In this recommendation of Warren Buffet, Peter Bevelin explained how investors and managers can productively increase their profit and reduce the loss while explaining the investment and operating principles of Berkshire Hathaway.
Buffett says, “It sums up what Charlie and I have been saying over the years in annual reports and at annual meetings.”
This incredible book is a timeless collection of lessons on investment. Moreover, it offers Buffett’s advice on how to value a business, how to reduce risk, and how to learn from mistakes.