Warren Buffett: 11 Books That Made Him BILLIONS (Must Read)

Warren Buffett is a voracious reader, he said by the age of 11 he had read every book in the Omaha public library. He firmly believes in continuing to read and learn throughout his life and never stop expanding his knowledge base. This is an advantage he has as an investor, chairman and CEO, he never stops learning and keeps up with the world.

Warren Buffett attributes much of his success to what he learned directly from Benjamin Graham and Philip Fisher, along with their books, which he was able to both read and study. Here’s a list of the top books Buffett has recommended in interviews, in letters to shareholders, or at his Berkshire-Hathaway annual meetings.

Fisher was one of Buffett’s biggest influences, looking at companies’ growth and future earnings potential, not just current price and value. Fisher viewed buying a stock as buying a company’s future revenue streams, a slightly different strategy than value investing.

This is a business book that Buffett said was one of his favorites. It consists of New Yorker articles from the 1960s that tell some great business stories in an easy to read narrative. My favorite was the story about the Ford disaster, where the Edsel was mismanaged. You will find many business lessons on these pages.

This book uses humor to explain many important lessons about how Wall Street brokers and money managers work to make money. Buffett that it was a really fun book.

This book is considered one of the top 100 best books of all time as it forecast world economies and solutions to economic depressions using Keynesian economics to support government. His accuracy in predictions and solutions made him a legend as an economist.

“If you read Keynes, you will become smarter about stocks and markets. I’m not sure reading other economists would do the same.” – Warren Buffett

Bogle was the genius behind the simple but effective invention of the S&P 500 index fund, which outperforms most money managers over the long term by owning the market they find so difficult to beat. The advantage lies in the index replication, low administration costs and minimal transaction costs. Buffett has said that buying and holding the S&P 500 index for the long term is the right strategy for most people.

This book is a biography of Charlie Munger that summarizes his wisdom on how he thinks about life, business and investing. Buffett is Munger’s biggest fan and highly recommends this book.

Buffett has said, “Picking up this book was one of the happiest moments of my life” about Graham’s value investing bible. Buffett loved the book so much that he enrolled at Columbia University to take Graham’s courses and later went to work for him to learn as much as he could directly from him. This is his #1 book of all.

This book teaches how to create your own investment strategy along with many stories from his own life. It focuses on the principles of profitable investing.

This book tells the stories of CEOs who led companies that outperformed the S&P Index by a factor of 20 and how they did it by being different.

Bogle gives 10 simple rules for investing this work, ignoring complexity and wild risky speculation.

The author tells the story of the Brazilian trio behind the success of private equity group 3G Capital, a frequent business partner of Buffett on deals.

Here is the list of these books on Amazon via this link for quick reference and further research.

Buffett spends 80% of his day reading and is said to have read 600 to 1,000 pages a day in his youth and read 500 pages a day for most of his life. [1]

He reads six newspapers a day, including The Wall Street Journal, Financial Times, The New York Times, USA Today, Omaha World-Herald, and American Banker. [2] He believes it’s important to get in the habit of reading what you can every day and keep learning and growing.

His business partner, Charlie Munger, agrees: “We read a lot. I don’t know anyone who is wise and doesn’t read much. But that’s not all: You have to have the temperament to grab ideas and do sensible things. Most people don’t have the right ideas or don’t know what to do with them.”

“Go to bed smarter than you woke up.” – Charlie Munger

Did Warren Buffett Write a Book on Investing?

Warren Buffett hasn’t written a book on investing or an autobiography, the closest thing to a Buffett autobiography is the book The Snowball: Warren Buffett and the Business of Life by Alice Schroeder. The closest thing to a Buffett investment book is his annual letters to shareholders from Berkshire Hathaway.

before the snowball was written, Buffett turned down all other biographers, journalists, authors, and publishers who offered to work with him to turn his life story into a book.

After being the only Wall Street analyst Buffett spoke to for six years, Alice Schroeder was asked by Buffett to write his biography. In 2003, she left her job at Morgan Stanley and moved to Omaha to work on the book as a new full-time position.

Schroeder read Buffett’s personnel files for more than 2,000 hours. She also interviewed Buffett, his wife, children, sisters, friends and business associates. Before she began writing the book, Buffett told her that he would not ask for revisions once the book was finished and would always use the “less flattering version” of differing accounts of his life.[3]

Warren Buffett shared his investing and business wisdom in his annual Berkshire Hathaway shareholder letters from 1977 to 2021. They are publicly available online at berkshirehathaway.com/letters/letters.html.

There are many gems in those letters that have also been used to create books about Buffett’s investment strategy, how he runs Berkshire-Hathaway, and what he looks for when acquiring new companies. In these letters, which he wrote himself every year, he also addresses the economy and the stock market.

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