Warren Buffett, the legendary investor, is a voracious reader. He attributes much of his success to his lifelong pursuit of knowledge. Here are 12 books recommended by Buffett and other investing greats that every investor should consider reading:
Classic Investment Texts
- The Intelligent Investor by Benjamin Graham: Often referred to as the “Bible of Investing,” this book emphasizes value investing and long-term thinking.
https://amzn.to/4i8jEpO - Security Analysis by Benjamin Graham and David Dodd: A more technical book, but essential for understanding the fundamentals of value investing.
https://amzn.to/3ZqZBeY - Common Stocks and Uncommon Profits by Philip Fisher: Focuses on identifying companies with sustainable competitive advantages and strong management teams.
https://amzn.to/3CZtVV2 - Poor Charlie’s Almanack by Charlie Munger: A collection of essays and speeches by Buffett’s long-time business partner, Charlie Munger, covering a wide range of topics, including psychology, philosophy, and economics.
https://amzn.to/3Z70yYE
Modern Investment Insights
- The Most Important Thing Illuminated by Howard Marks: This book provides insights into value investing, risk management, and market cycles.
https://amzn.to/3Oyzk84 - The Outsiders by William Thorndike: A study of eight unconventional CEOs who achieved extraordinary results through a focus on capital allocation and business operations.
- Fooled by Randomness by Nassim Nicholas Taleb: This book explores the role of luck and randomness in success and failure.
https://amzn.to/4fMPR4y - The Black Swan by Nassim Nicholas Taleb: This book discusses the impact of rare, unpredictable events on markets and society.
Biographies and Memoirs
9.Buffett: The Making of an American Capitalist by Roger Lowenstein: A comprehensive biography of Warren Buffett, tracing his journey from a young boy to one of the world’s most successful investors.
10. Snowball: Warren Buffett and the Business of Life by Alice Schroeder: Another excellent biography of Buffett, providing a detailed account of his life and career.
https://amzn.to/4i8lK9e
Other Notable Books
11.The Essays of Warren Buffett: Lessons for Corporate America: A collection of Buffett’s letters to shareholders, providing insights into his investment philosophy and business acumen.
12.How to Win Friends and Influence People by Dale Carnegie: A classic book on interpersonal skills that can be applied to both personal and professional relationships.
By reading these books, you can gain a deeper understanding of investing principles, improve your decision-making skills, and develop a long-term investment mindset. Remember, investing is a marathon, not a sprint. Patience, discipline, and a focus on long-term value are key to achieving success.