This post is a list of the Warren Buffet recommended books. You know that Warren Buffett is presently one of the most successful investors alive. And so, when he speaks the world listens. Also, he is an avid reader and says that he spends up to 80 percent of his time in the office, reading, and thinking. If you like to know what he reads daily, here are the top Warren Buffet recommended books that you should read immediately.
Top 10 Warren Buffet Recommended Books
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Business Adventures: Twelve Classic Tales from the World of wall street by John Brooks
In 1991 when Bill Gates asked Warren Buffet for a favorite book, in response, Buffet sent him his personal copy of this book which is a lively collection of essays by John Brooks in the New Yorker written in the 1920s to 1930s.
Warren Buffet wrote about the need to have the best people to run every part of a business and carry out the plans. Also, Bill Gates, emphasized that the book reminds him, that the theory for creating a profitable company does not change irrespective of changing, business environments. Get this book on Amazon.
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The Intelligent Investor by Benjamin Graham
Warren Buffet referred to this Book written in 1949 by Graham as “by far the best book on investing ever written.” Also, is a wake- up call for all investors who are yet to read this book to quickly read it. This a book is a classic essay on the Philosophy behind “value investing”. Besides, this method of investing has helped Warren Buffet to become a very successful Investor and one of the richest men today.
In the recent edition of this book, Buffet wrote that “to invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. “What is needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework.” Get this book on Amazon.
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Nuclear Terrorism by Graham Allison
This book talks about the threat posed by Nuclear Terrorism. Warren Buffet welcomes this bold call to action by Graham Allison. Besides, the author is the founding Dean of Harvard’s John F. Kennedy School of Government. The author says that the threat is not an if question, but a when question, except there are deep changes of policy.
Also, this book is a guide on how peaceful nations should handle nuclear threats in the 21st century. Allison says that thankfully nations can stop this Nuclear catastrophe if they take the right actions. Get this book on Amazon.
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Stress Test: Reflections on Financial Crises by Tim Geithner
This book’s author is the former Treasury Secretary of the United States. Also, Warren Buffet says that if you are in Management, then you should read this book. So, it is one of the Warren Buffet recommended books that you can read. Besides, the book relates how the Secretary and Obama, led America during the Worst Financial Crisis since the Great Depression.
Also, he and his team were under a lot of pressure to manage the second depression but the government lost the support of the American people. The book is a story that gives hope for those that are in public service. Though he also described how politics affected his family negatively. Get this book on Amazon.
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Jack: Straight from the Gut by Jack Welch
This is another book that Warren Buffet recommends. This is an autobiography of the former CEO of General Electric (GE). Also, Fortune Magazine called this man the “the manager of the year. “ Jack traces his career from the time he joined GE Plastics, to the time he took over the top management of GE and, made it one of the most successful companies then.
The tale is direct and fiery and narrates many billion-dollar deals that he managed to pull-off. Buffet says that Welch is “Smart, Energetic and hands-on.” Also, if you are a manager that wants to hold yourself to the highest standards, then you should. Get this book on Amazon.
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Outsiders by William Thorndike Jr.
This book is on the top list of Warren Buffet recommended books. Also, it is on the list of the letter that Warren Buffet wrote to Berkshire Hathaway shareholders in 2012. Buffet refers to the Outsiders, as an outstanding book about CEOs who were able to allocate capital properly.
In it, you will read about eight CEOs who did not follow the norm yet, they posted good returns for their shareholders. Besides, the book says anyone who wants to lead, can copy their system or copy their investing style. Get this book on Amazon.
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The clash of the Cultures by John Bogle
Buffet also recommended this book in the list on the letter to shareholders written in 2012. This book is an analysis on how the principles of long term investing are being over- taken by short term speculation. This book’s insights sound almost like Warren Buffet. You will read of things Like “Time is your friend” “impulse is your enemy” “ remember reversion to the mean” Get this book on Amazon.
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Where are the Customers Yachts? by Fre Schwed
The title of this book comes from the question a visitor to New York asked after observing the Yachts, that belong to the Fund managers that trade in Wall Street. This is a modern classic book, that reveals the foolishness and insincerity in the professional investment industry. Also, this book is one of the Warren Buffet recommended books you should read. Warren Buffet called it “the funniest book ever written about investing” in his 2006 letter to Berkshire Hathaway shareholders. Also, saying that “It lightly delivers many truly important messages on the subject.” Get this book on Amazon.
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Essays on Persuasion by John Maynard Keynes
This book is a collection of essays on topics like inflation, monetary policy, and labor forces, published in 1931 by the economist John Maynard Keynes. And Warren Buffett told Outstanding Investor Digest in 1989 that “Reading Keynes will make you smarter about securities and markets,” and that “I’m not sure reading most economists would do the same.” Get this book on Amazon.
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Poor Charlie’s Almanack by Charlie Munger as edited by Charles Munger
This is the last one in this list of Warren Buffet recommended books. Also, Charles Munger is the vice chairman of Berkshire Hathaway and Buffet’s business partner. Munger published this autobiography and investment essays in 2004. It is a compilation of the best talks he delivered on Berkshire Hathaway meetings and in other places.
It also has a an essay called “Psychology of Human Misjudgment” to discuss some cognitive traps that ruin investors. Warren Buffet in a letter to shareholders in 2004 called Munger the reincarnation of Ben Franklin” Get this book on Amazon.
Conclusion
In this post, I presented you with the Warren Buffet recommended books, that everyone should read. They are a combination of books on investing, finance, essays, and autobiographies. Besides, they could change your investing method and improve your bank balance. Buy the books now.
