5 classic books Warren Buffett personally recommends you read

Warren Buffett did not become a billionaire by accident. He made wise investment choices by playing for the long haul and gaining a great deal of knowledge.

Buffett would spend up to six hours a day reading books. This can be a daunting prospect for most busy people, but if you’re up to the task, the Oracle of Omaha advises to “read 500 pages every day.” He says that is how knowledge works – it accumulates like compound interest.

To that end, here are five books that Buffett has personally recommended during his famous career.

1. The smart investor

Only Buffett’s words will do The smart investor Justice. In the preface to the fourth edition of the book, Buffett writes: “I read the first edition of this book in the early 1950s, when I was nineteen. I thought then that it was by far the best book on investing ever written. I still think so. est. “He emphasizes that a good investment requires nothing more than a suitable intellectual framework for decision-making. He concludes that The smart investor “specifies precisely and clearly the appropriate framework.”

2. A thousand ways to win $ 1,000

Buffett Credits A thousand ways to win $ 1,000 (a rather obscure gem he found in the school library at the age of 7) with the inspiration to start his career. If you can get past the dated language (the book was written in 1936), there are some valuable built-in lessons that stand the test of time.

3. The Most Important Thing Enlightened: Uncommon Sense for the Savvy Investor

Buffett is no stranger to risk, but he believes there should be a methodology behind it. To help develop this methodology, Buffett recommends Howard Marks’ book, The most important thing. Marks, co-founder and chairman of Oaktree Capital Management, the world’s largest distressed investor, is renowned for his insightful assessments of market opportunities and risks.

4.Warren Buffett’s Ground Rules: Words of Wisdom from Partnership Letters from the World’s Biggest Investor

Author and financial advisor Jeremy C. Miller does a remarkable job researching and extracting the best of Buffett’s “ground rules” of investing from the letters Buffett wrote to his partners between 1956 and 1970. Buffett a praised Warren Buffett’s Ground Rules in its 2015 annual letter, stating, “If you are fascinated by the theory and practice of investing, you will appreciate this book.

5. Poor Charlie’s Almanack: The Spirit and Wisdom of Charles T. Munger

Charlie Munger, partner of Buffett and vice president of Berkshire Hathaway, does not lack his own wisdom, captured in Poor Charlie’s Almanac through the speeches, stories, lessons and writings of Munger. Edited by Peter Kaufman, this monumental work is an encyclopedia of information on what it takes to succeed and achieve greatness. Buffett is known to recommend this book to almost every annual meeting of shareholders.

The opinions expressed here by the columnists of Inc.com are theirs and not those of Inc.com.

About Marcia G. Hussain

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