Warren Buffet’s Favourite Books Of All Time

‘The Intelligent Investor’ by Benjamin Graham

Warren Buffett read this book when he was only 19 years old. The greatest investment advisor of the twentieth century, Benjamin Graham, taught and inspired people worldwide. Graham’s philosophy of “value investing” – which shields investors from substantial error and teaches them to develop long-term strategies – has made The Intelligent Investor the stock market bible ever since its original publication in 1949.

‘Common Stocks and Uncommon Profits’ by Philip Fisher

“I sought out Phil Fisher after reading his Common Stocks and Uncommon Profits…A thorough understanding of the business, obtained by using Phil’s techniques…enables one to make intelligent investment commitments.” —Warren Buffet

‘The Essays of Warren Buffett’ by Warren Buffett

New and experienced readers alike will gain an invaluable informal education by perusing this classic arrangement of Warren’s best writings. “A classic on value investing and the definitive source on Buffett.” — Financial Times. “The book I autograph most.” – Warren Buffett

‘The Outsiders’ by William Thorndike, Jr.

“An outstanding book about CEOs who excelled at capital allocation.” — Warren Buffett. #1 on Warren Buffett’s Recommended Reading List, Berkshire Hathaway Annual Shareholder Letter, 2012.

‘Security Analysis’ by Benjamin Graham and David L. Dodd

“A road map for investing that I have now been following for 57 years.”- From the Foreword by Warren E. Buffett. Security Analysis is one of the most influential financial books ever written. This new edition of Security Analysis will reacquaint you with the foundations of value investing – more relevant than ever in the tumultuous 21st century markets.

‘Business Adventures: Twelve Classic Tales from the World of Wall Street’ by John Brooks

Stories about Wall Street are infused with drama and adventure and reveal the machinations and volatile nature of the world of finance. Each is an example of how an iconic company was defined by a particular moment of fame or notoriety; these notable and fascinating accounts are as relevant today to understanding the intricacies of corporate life as they were when the events happened. “Business Adventures remains the best business book I’ve ever read.” — Bill Gates, The Wall Street Journal

‘Poor Charlie’s Almanack’ edited by Peter Kaufman

This collection of advice from Charlie Munger, vice chairman of Berkshire Hathaway, got the ultimate shout-out in Buffett’s 2004 shareholder letter. ‘Scholars have for too long debated whether Charlie is the reincarnation of Ben Franklin,’ Buffett wrote

‘Essays in Persuasion’ by John Maynard Keynes

Essays In Persuasion written by legendary author John Maynard Keynes is widely considered to be one of the top 100 greatest books of all time. This great classic will surely attract a whole new generation of readers.

‘Dream Big’ by Cristiane Correa

“My friend – and now partner – Jorge Paulo and his team are among the best businessmen in the world. He is a fantastic person and his story should be an inspiration to everybody, as it is for me.” – Warren Buffett

‘Stress Test: Reflections on Financial Crises’ by Tim Geithner

New York Times Bestseller, Washington Post Bestseller. Stress Test is the story of Tim Geithner’s education in financial crises. Timothy F. Geithner helped the United States navigate the worst financial crisis since the Great Depression.

‘Where are the Customers’ Yachts?’ by Fred Schwed

“Once I picked it up I did not put it down until I finished. . . . What Schwed has done is capture fully-in deceptively clean language-the lunacy at the heart of the investment business.” – From the Foreword by Michael Lewis, Bestselling author of Liar’s Poker.

‘Take on the Street’ by Arthur Levitt

With integrity and authority, Arthur Levitt — former chairman of the Securities and Exchange Commission – gives us a bracing primer on the collapse of the system for overseeing our capital markets, and sage, essential advice on a discipline we often ignore to our peril—how not to lose money.

‘The Little Book of Common Sense Investing’ by John C. Bogle

“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. Most advisors, however, are far better at generating high fees than they are at generating high returns. In truth, their core competence is salesmanship. Rather than listen to their siren songs, investors – large and small – should instead read Jack Bogle’s The Little Book of Common Sense Investing.” Warren Buffett

‘First a Dream’ by Jim Clayton and Bill Retherford

Warren Buffett read ‘First a Dream’ then bought Clayton Homes. “It’s an interesting success story filled with terrific business lessons. Learn how he created, expanded, and sold his premier company to me. . . It’s all here. He is a wonderful guy. . . and picks better than I sing.” Warren Buffett

‘Jack: Straight From The Gut’ by Jack Welch

They called him Neutron Jack. They called him the world’s toughest boss. And then Fortune called him “The Manager of the Century.” In his twenty-year career at the helm of General Electric, Jack Welch defied conventional wisdom and turned an aging behemoth of a corporation into a lean, mean engine of growth and corporate innovation.

‘The Most Important Thing Illuminated’ by Howard Marks

Howard Marks’s The Most Important Thing distilled the investing insight of his celebrated client memos into a single volume and, for the first time, made his time-tested philosophy available to general readers. “This is that rarity, a useful book.” Warren Buffett.