10 Books Which Made Warren Buffett One of the Greatest Investors of All Time
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We all know Mr. Warren Buffett as one of the most successful investors in the world, former richest man on the earth and an inspiration for many. But apart from his achievements in business and management, he’s also very well known for his avid reading. In his various interviews, he has confessed that he often reads around 1000 pages a day! Right from the start of his investment career, he was a bibliophile. Even today at the age of 89, he spends about 80% of his day reading. While analysing Buffett’s life and the reasons behind his success as an entrepreneur, his reading habit would definitely be right there amongst the top.
The books read by Buffett changed his perspective on life, way of thinking, and developing business strategies. Each book unfolds different theories, philosophies and viewpoints. Just like Buffett, reading these books will help you grow in confidence, inculcate an entrepreneur attitude in you and show you the pathway towards becoming one of the most successful investors of all time!
The page-turners from Buffett’s Shelf
As a prolific reader, Buffett often speaks out about the books he had read. He has recommended those books for new upcoming investors in many of his interviews. We’ve filtered out a list of his top 10 recommendations which would show you the direction towards the best books about business and what great people have read to reach where they are. Let’s take a look at the list:
1. “The Intelligent Investor” by Benjamin Graham
Since its publication in 1949, this book has remained one of the best books ever written about investment. Warren Buffett rates this book as ‘by far the best book on investment ever written’. Buffett read this book when he was just 19 years old.
Buffett’s Recommendation:?“This book gave me the intellectual framework for investing,” says Buffett. He mentioned again in 2013, “Of all the investments I ever made, buying Ben’s book was the best.” For those who are looking for an investment inspiration, this book is a must read.
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2.?“Security Analysis” by Benjamin Graham and David L. Dodd
One of the bestsellers of its time, this book has inspired a generation of investors with its philosophy of “Value Investing.” Even after 85 years from its release, the book is still useful and relevant. It has triumphed the test of time in several adverse market conditions, countries and different management strategies.
Buffett’s Recommendation:?Warren Buffett contemplates this book as the roadmap that he has been following for over 60 years. Looking at the success he has achieved, no wonder this book is there in the bucket list of many emerging investors.
3. “Business Adventures” by John Brooks
“Business Adventures”, a New York Times Bestseller is a book that brings together a number of stories published by John Brooks in the New Yorker in 1920s and 1930s.
Buffett’s Recommendation:?In 1991, Bill Gates asked Warren Buffett about his favourite book and in reply, Buffett sent him a copy of this book. It quickly became Bill’s favourite book too. In praise of the book, Gates says, “this book serves as a reminder of principles for building a winning business that lasts.” Recommended by two of the greatest investors of all time, this one is surely a book which will remain an inspiration for ages of investors.