Top 10 Books Recommended By Buffett

Warren Buffett is widely considered the most successful investor of the 20th and early 21st centuries. His investing philosophy and mottos are also well-known. But very few people can do as well as Buffett because success is more than sayings and slogans. His wisdom needs careful study. 

As World Book Day is around the corner, we have summarized [Top 10 Books Recommended By Buffett.] 

Hope tigers gain more insights through reading the books recommended by one of the smartest men.

1. ‘Berkshire Hathaway Letters to Shareholders’

The first book should be the one written by Buffett himself. He wrote a letter to shareholders every year to elaborate his thoughts on the important events of this year. His letters are precious to all investors.

It “includes an index that I find particularly useful, specifying page numbers for individuals, companies and subject matter,” Buffett wrote in 2013.

But it's worth reading his insightful thoughts.

2.  ’40 Chances: Finding Hope in a Hungry World’

In 2006, when Buffett announced he would begin to give away a bulk of his fortune to philanthropy, he challenged his son, Howard G. Buffett, to do something great in the world.

So Howard decided to give himself 40 years to put more than $3 billion to work on this challenge. This book, which Buffett said readers“will enjoy,”captures that journey.

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

This book is for entry-level investors.

“There are a few investment managers, of course, who are very good — though in the short run, it’s difficult to determine whether a great record is due to luck or talent,” Buffett wrote in 2014.

He continued: “Rather than listening to their siren songs, investors — large and small — should instead read ‘The Little Book of Common Sense Investing.’”

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

This book offers a treasure trove of financial wisdom in the form of speeches and essays written by Charlie Munger, Buffett’s longtime business partner and vice president of Berkshire.

One favorite among many Munger fans is“The Psychology of Human Misjudgment,” an essay in which he writes about the cognitive traps that investors often fall into.

5. ‘A Few Lessons for Investors and Managers From Warren Buffett’

This is a short (roughly 81 pages) and easy must-read for managers and investors looking to soak up timeless wisdom from the Oracle of Omaha.

In his own words, Buffett explains how to think about important topics such as business valuation, traits of good and bad businesses, acquisitions and their traps, how to reduce risk, corporate governance and the importance of trust.

6. Security Analysis

"A road map for investing that I have now been following for 57 years." - Warren Buffett

Security Analysisis one of the most influential financial books ever written. Selling more than one million copies through five editions, it has provided generations of investors with the timeless value investing philosophy and techniques of Benjamin Graham and David L. Dodd.

7. ‘The Intelligent Investor’

Buffett has praised “The Intelligent Investor” on several occasions.

The billionaire investor mentioned it in 2013: “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).”

8. One Thousand Ways to Make $1000

"Very early, probably when I was seven or so, I took this book." - Warren Buffett

It gives specific examples of individuals who made enough money to start their own businesses by starting with as little as $5, and it encourages the reader to do the same.

9. Bull!: A History of the Boom and Bust, 1982-2004

"[A book] that investors can learn much from." - Warren Buffett

This inside look at that 17-year cycle of growth, built upon interviews and unparalleled access to the most important analysts, market observers, and fund managers who eagerly tell the tales of excesses, presents the period with a historical perspective and explains what really happened and why.

10. Common Sense on Mutual Funds

"Cogent, honest, and hard-hitting. A must read for every investor." - Warren Buffett

Written in a straightforward and accessible style, this reliable resource examines the fundamentals of mutual fund investing in today's turbulent market environment and offers timeless advice in building an investment portfolio.

Have you ever read any of these books?

Do you have the plan of reading?

Share your thoughts with me in the comment section~