Warren Buffett recommended books list for every budding Investors

Warren Buffett recommended books list for every budding Investors
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Which books are in Warren Buffett recommended books list? What does a billionaire investor like Warren Buffett read to expand his knowledge?

Warren Buffett used to read over 1,000 pages during his early investing career which helped him to become the most successful Investor today. He is also referred as the ‘Oracle of Omaha’.

Some notable Buffett milestones include his net worth topping the $1-million mark at around 30 years old and then taking out the $1-billion hurdle at 56 years old. The stretch from 59 years old to now hasn’t exactly been unkind, either. And he doesn’t appear to be slowing down much.

Here are Warren Buffet recommended books for successful investing which is compiled from his many interviews with shareholders, students and aspiring investors.

1. The Intelligent Investor – Benjamin Graham

“By far the best book on investing ever written.” Warren Buffett

The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide.

This book will completely change your outlook on investing. The author gives you the tools to tune out the noise and make good investments based on sound principles. He also gives rock solid advice on how to choose your strategy and investments.

A must read book for anyone interested in investing in the stock market. (Click here to read more reviews on Amazon)

2. Common Stocks and Uncommon Profits and Other Writings – Philip A. Fisher

“A thorough understanding of the business, obtained by using Phil’s techniques enables one to make intelligent investment commitments. I am an eager reader of whatever Phil has to say, and I recommend him to you.” – Warren Buffett

This is another one of Warren Buffett recommended books, especially for those who want to invest like Warren Buffett. The author focuses on investing for growth. Warren Buffett attributes 15% of his strategy to Philip Fisher.

Key learning from this book is how Fisher focused on earnings and what determines the value of a stock. He talks about future earnings potential and determining share value.

If you want to know how to invest in the Stock Market and not just gamble, this is a must have book. (Click here to read more reviews on Amazon)

3. Business Adventures: Twelve Classic Tales from the World of Wall Street – John Brooks

“Business Adventures remains the best business book I’ve ever read.” – Bill Gates

Warren Buffett sent his personal copy of this book when Bill Gates asked his favourite recommended books on business. Later Gates said it was the best business book he has ever read.

The book details twelve stories from the business world, mostly occurring in the 1950s and 1960s. These stories cover such subjects as the infamous failure of the Ford Edsel, the experience of a few large companies’ stockholders meetings, the rise of Xerox and a particularly fluctuating market in May 1962 etc.

It is already a favourite of many business leaders, with many timeless lessons for aspiring entrepreneurs and Investors. (Click here to read more reviews on Amazon)

4. Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor – John C. Bogle

“Cogent, honest, and hard-hitting-a must read for every investor.” -Warren Buffett

Jack Bogle is one of the great pioneer/visionaries of the investment business. In this book, he shares his knowledge, experience, and judgment to enable us to become better investors.

If you are really serious about learning how to invest and not looking for the ever elusive and unreal get rich quick scheme, this book is for you.

Also, this book really shows you how the stock market and bond markets work. Bogle is such an intelligent guy that he lays out the admittedly complex concepts in about as easy and readable format as it gets.

If there was one investing book to get it would be this book. (Click here to read more reviews on Amazon)

5. The Outsiders – William Thorndike Jr.

#1 on Warren Buffett’s recommended Reading List, Berkshire Hathaway Annual Shareholder Letter, 2012

“An outstanding book about CEO’s who excelled at capital allocation.” – Warren Buffett

This book highlights how 8 different CEO’s focus capital towards their highest and best Free Cash Flow risk adjusted ROI, benefiting themselves and their shareholders greatly in the process.

Overall, a must read for any aspiring or experiences investor. (Click here to read more reviews on Amazon)

6. The Clash of Cultures: Investment vs Speculation – Jack Bogle

#Recommended book by Warren Buffett in his March 2013 Letter to Shareholders.

Provocative and refreshingly candid, this book discusses Mr. Bogle’s views on the changing culture in the mutual fund industry, how speculation has invaded our national retirement system, the failure of our institutional money managers to effectively participate in corporate governance, and the need for a federal standard of fiduciary duty.

This is a must read for investors who want to understand the forces that are working against them and what they can do about it to maximize their investment returns. (Click here to read more reviews on Amazon)

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