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Warren Buffett is one of the world's most successful investors, the largest shareholder and CEO of Berkshire Hathaway, and is currently ranked by Forbes as the second richest person in the world with an estimated net worth of approximately 37 billion dollars.


Books Recommendation from Warren Buffett
  1. Exceeding Customer Expectations by Kirk Kazanjian

    Book Cover: Exceeding Customer Expectations by Kirk Kazanjian
    (business books, nonfiction)

    "Classy people create classy companies, and there is no more classy—or successful—company than Enterprise Rent-A-Car."


  2. Work In Progress: Risking Failure, Surviving Success by Tony Schwartz

    Book Cover: Work In Progress: Risking Failure, Surviving Success by Tony Schwartz
    (biography, business books, motivational, management, management / leadership)

    "When I read this book I could hear Michael talking and there is no more interesting experience than that."


  3. The Essays Of Warren Buffett by Warren E. Buffett

    Book Cover: The Essays Of Warren Buffett by Warren E. Buffett
    (business books)

    "The most representative book on my thinking is what Larry Cunningham put together."





  4. John Bogle On Investing: The First 50 Years by John C. Bogle

    Book Cover: John Bogle On Investing: The First 50 Years by John C. Bogle
    (business books, management, management / leadership)

    "Any investor who owns or is thinking of owning shares in a fund should read this book cover to cover. (from the back cover of the book)"


  5. Sam Walton: Made In America by Sam Walton

    Book Cover: Sam Walton: Made In America by Sam Walton
    (biography, business books)

    "Buffett answered students' questions, talked about his investing philosophy over Cherry Cokes, and recommended the autobiography of former Wal-Mart Chairman Sam Walton"


  6. Showing Up For Life: Thoughts On The Gifts Of A Lifetime by Mary Ann Mackin

    Book Cover: Showing Up For Life: Thoughts On The Gifts Of A Lifetime by Mary Ann Mackin
    (motivational, self-help, health, nonfiction)

    "Bill Senior is as wise as his son is brilliant. I’ve learned a lot from both of them and believe everyone can benefit from the insights Bill Senior shares in this book."


  7. Jack: Straight From The Gut By Jack Welch

    Book Cover: Jack: Straight From The Gut By Jack Welch
    (leadership, management / leadership, business books)

    "Jack is the Tiger Woods of management. All CEOs want to emulate him. They won't be able to, but they'll come closer if they listen carefully to what he has to say. (from the back cover of the book)"



  8. Essays In Persuasion By John Maynard Keynes

    Book Cover: Essays In Persuasion By John Maynard Keynes
    (economics, business books, history)

    "I especially recommend Keynes' essays on persuasion. Reading Keynes will make you smarter about securities and markets. I'm not sure reading most economist would do the same."




  9. Will America Grow Up Before It Grows Old : How The Coming Social Security Crisis Threatens You, Your Family And Your Country by Peter G. Peterson

    Book Cover: Will America Grow Up Before It Grows Old : How The Coming Social Security Crisis Threatens You, Your Family And Your Country by Peter G. Peterson
    (economics, business books, nonfiction)

    "One of the luckiest events in my life was when I met Ben Graham...and anyone with an interest in investments will relish this book"


  10. Memos From The Chairman by Alan C. Greenberg

    Book Cover: Memos From The Chairman by Alan C. Greenberg
    (motivational, business books, leadership, management / leadership, management)

    "Many years ago, Where are the customers' Yachts?, through a humorous look at Wall Street, dispensed some of the best investment advice ever written. In this book, Ace has applied the same treatment to managerial advice with equal success."



  11. Jack Welch Speaks: Wisdom From The World's Greatest Business Leader by Janet Lowe

    Book Cover: Jack Welch Speaks: Wisdom From The World
    (economics, business books, management, management / leadership)

    "From the back cover : "Jack Welch has long been one of my heroes. When you read this book you will understand why."


  12. The Farmer From Merna: (state Farm) by Karl Schriftgeisser

    Book Cover: The Farmer From Merna: (state Farm) by Karl Schriftgeisser
    (business books)

    "State Farm was launched in 1922,... In the end, however, State Farm eclipsed all its competitors. In fact, by 1999 the company had amassed a tangible net worth exceeding that of all but four American businesses. If you want to read how this happened, get a copy of The Farmer from Merna."



  13. Quality Financial Reporting By Paul B. W. Miller & Paul R. Bahnson

    Book Cover: Quality Financial Reporting By Paul B. W. Miller & Paul R. Bahnson
    (business books, management / leadership)

    "Accounting is the language of business. In recent years, too often language has been distorted to the point of becoming unintelligible. This book is a step toward restoring its usefulness. (from the front cover of the book)"


  14. Take On The Street: What Wall Street And Corporate America Don't Want You To Know. What You Can Do To Fight Back by Arthur Levitt

    Book Cover: Take On The Street: What Wall Street And Corporate America Don
    (business books)

    "...The details of this sordid affair [expensing stock-options] are related in Levitt’s excellent book, Take on the Street."


  15. Epidemic Of Care : A Call For Safer, Better, And More Accountable Health Care by George J. Isham MD

    Book Cover: Epidemic Of Care : A Call For Safer, Better, And More Accountable Health Care by George J. Isham MD


    "(...) by far the clearest explanation of how we have gotten to where we are in health care, and what is likely to happen."


  16. Running On Empty: How The Democratic And Republican Parties Are Bankrupting Our Future And What Americans Can Do About It by Peter G. Peterson

    Book Cover: Running On Empty: How The Democratic And Republican Parties Are Bankrupting Our Future And What Americans Can Do About It by Peter G. Peterson
    (economics, business books, nonfiction)

    "Today, too many of our country's key economic decisions are being made with an eye to the next election rather than to the next generation. This book explains in simple but powerful terms why it's imperative that our attention must be refocused now. (from the frontcover)"


  17. The Man Behind The Microchip: Robert Noyce And The Invention Of Silicon Valley by Leslie Berlin

    Book Cover: The Man Behind The Microchip: Robert Noyce And The Invention Of Silicon Valley by Leslie Berlin
    (business books, management / leadership, IT books, history, science)

    "Leslie Berlin does an excellent job of capturing the Bob Noyce I knew: part small-town boy, part big-time genius and always a wonderful friend and citizen. (from the back cover)"


  18. Speculative Contagion: An Antidote For Speculative Epidemics by Frank K. Martin

    Book Cover: Speculative Contagion: An Antidote For Speculative Epidemics by Frank K. Martin
    (business books)

    "For many years I've enjoyed reading Frank Martin's letters. This collection contains much investment wisdom and, just as important, sets a standard for the advisor-client relationship. (from the front cover)"


  19. Supermoney by Adam Smith

    Book Cover: Supermoney by Adam Smith
    (business books)

    "In this book, Adam Smith says I like baseball metaphors. He's right. So I will just describe this book as the equivalent of the performance of Don Larsen on October 8, 1956. For the uninitiated, that was the day he pitched the only perfect game in World Series history. (from the front cover)"




  20. Source:
    http://search.barnesandnoble.com
    http://www.amazon.com
    http://www.amazon.com
    http://www.amazon.com, (from the Foreword)
    http://www.berkshirehathaway.com
    Bloomberg News April 03, 2003
    Warren Buffett - (OID June 23, 1989)
    Warren Buffett - (OID June 23, 1994)
    Warren Buffett - (OID August 8, 1997)




One young man stood up and announced that he was seventeen years old and this was his tenth shareholder meeting. He asked Mr. Buffett and Mr. Munger what they recommended for someone who was young and wanted to become a successful investor. Warren responded that the best advice he could give is simply to read everything you can about investing. By the time he was ten, he had read every book on the topic in the Omaha public library, in some cases, twice. It’s important that you have a broad base upon which to draw because only then will you be able to distinguish between what is good and truly valuable from that which is not helpful. The changing force in his life was reading Benjamin Graham’s Intelligent Investor when he was nineteen years old as it provided the framework that he still uses today. The central concepts of the book are margin of safety and thinking of stocks as businesses rather than pieces of paper that fluctuate in value.

Other than that, Buffett said it was important to then jump into the water. Investing on paper, he said, is like holding hands whereas actually investing real capital is like something else entirely (a response that was much to the amusement of the audience.)




Buffett offers up a few ideas for outside reading

No Berkshire Hathaway letter would be complete without Buffett's trademark folksy asides and user-friendly advice. This year's piece is no different, and readers will benefit from the clear style in which he explains his investment philosophy and its results.

Other titles on Buffett's shelf include the Enron overview, "The Smartest Guys in the Room" by Fortune magazine's Bethany McLean and Peter Elkind; "In an Uncertain World," by former Clinton cabinet official Robert Rubin; and "Bull!" by Maggie Mahar.
  1. The Intelligent Investor by Benjamin Graham

    Book Cover: The Intelligent Investor by Jason Zweig
    (business books, management, science)

    "On this year's list of book recommendations from the world's greatest investor: A new edition of the Benjamin Graham classic, "The Intelligent Investor." (MONEY magazine's Jason Zweig is praised for "a first-class job in revising" the book.) "






  2. Source:
    http://money.cnn.com
    http://www.berkshirehathaway.com (pdf)




Warren Buffet's book recommendation

  1. Exceeding Customer Expectations by Kirk Kazanjian

    Book Cover: Exceeding Customer Expectations by Kirk Kazanjian
    (business books, nonfiction)

    "Classy people create classy companies, and there is no more classy—or successful—company than Enterprise Rent-A-Car."


  2. Work In Progress: Risking Failure, Surviving Success by Tony Schwartz

    Book Cover: Work In Progress: Risking Failure, Surviving Success by Tony Schwartz
    (biography, business books, motivational, management, management / leadership)

    "When I read this book I could hear Michael talking and there is no more interesting experience than that."




  3. The Essays Of Warren Buffett by Warren E. Buffett

    Book Cover: The Essays Of Warren Buffett by Warren E. Buffett
    (business books)

    "The most representative book on my thinking is what Larry Cunningham put together."



  4. John Bogle On Investing: The First 50 Years by John C. Bogle

    Book Cover: John Bogle On Investing: The First 50 Years by John C. Bogle
    (business books, management, management / leadership)

    "Any investor who owns or is thinking of owning shares in a fund should read this book cover to cover."



  5. Showing Up For Life: Thoughts On The Gifts Of A Lifetime by Mary Ann Mackin

    Book Cover: Showing Up For Life: Thoughts On The Gifts Of A Lifetime by Mary Ann Mackin
    (motivational, self-help, health, nonfiction)

    "Bill Senior is as wise as his son is brilliant. I’ve learned a lot from both of them and believe everyone can benefit from the insights Bill Senior shares in this book."



  6. Source:
    http://search.barnesandnoble.com




10 Investing Books Recommended by Warren Buffett

I think that, before buying his first stock, any serious investor should spend his first 10 dollars in a nice book that teaches about investing. The staff of Daily Stocks has compiled the recommended books by people who have been very successful in investing. When we mean successful, we do not mean, top performing fund managers for the last three years. We are talking about people who've made money and kept them over the last 30 years or so. We are referring to legends like Warren Buffett, whom, if you have invested 10,000 dollars with him in 1956, would be worth more than 180 million at the present. Peter Lynch, who achieved compounded annual returns of 27 percent for 20 years before retiring in 1990. Or William O'neill, who starting with 5,000 dollars, has built a very successful empire from trading stocks, and has launched a very successful newspaper, Investor's Business Daily. We've read every single page of the books recommended here and we think they have offered valuable lessons in investing that is going to be worth many, many more times than the price of the book.

Before you buy an investing book, be sure that the book is written by an author who is very successful in investing, or that the book is recommended by one who is successful in investing.



  1. Benjamin Graham On Value Investing: Lessons From The Dean Of Wall Street by Janet Lowe

    Book Cover: Benjamin Graham On Value Investing: Lessons From The Dean Of Wall Street by Janet Lowe
    (business books)

    One of the luckiest events in my life was when I met Ben Graham...and anyone with an interest in investments will relish this book




  2. The Intelligent Investor By Benjamin Graham

    Book Cover: The Intelligent Investor By Benjamin Graham
    (business books, management, science)

    "the most important investment book, especially chapters 8 and 20"


  3. Paths To Wealth Through Common Stocks by Philip A. Fisher

    Book Cover: Paths To Wealth Through Common Stocks by Philip A. Fisher
    (business books)

    I'd also recommend the first two books that Phil Fisher wrote back around 1960 - Common stocks and uncommon profits and his second one - Paths to wealth through common stocks. Those are very good books.





  4. Common Stocks And Uncommon Profits by Philip A. Fisher

    Book Cover: Common Stocks And Uncommon Profits by Philip A. Fisher
    (business books)

    "I highly recommend his books, especially the early ones"




Books Recommended by Warren Buffett at the 1998 Berkshire Hathaway Annual Meeting
  1. The Expanded Quotable Einstein by Albert Einstein

    Book Cover: The Expanded Quotable Einstein by Albert Einstein
    (classics, literature and fiction, science)

    "I read a little easier book. I'm not sure of the title, but it's something to the effect of The Quotable Einstein. It's a lot of his commentary over the years. Great reading."




Books Recommended by Warren Buffett at the 2003 Berkshire Hathaway Annual Meeting

  1. Science Of Hitting By Ted Williams And John Underwood

    Book Cover: Science Of Hitting By Ted Williams And John Underwood


    "Ted Williams, in his book The Science of Hitting, talked about how he carved up the strike zone into different zones and only swung at pitches that were in his sweet spot. Investing is the same way."




Books Recommended by Warren Buffett at the 2005 Berkshire Hathaway Annual Meeting


  1. Nuclear Terrorism: The Ultimate Preventable Catastrophe by Graham Allison

    Book Cover: Nuclear Terrorism: The Ultimate Preventable Catastrophe by Graham Allison
    (nonfiction)

    "(...) A must-read for those concerned with the safety of our country."



  2. Poor Charlie's Almanack: The Wit And Wisdom Of Charles T. Munger by Charles T. Munger

    Book Cover: Poor Charlie
    (business books)

    "A New Yorker asked Buffett how individual investors can overcome psychological and emotional traps, like "anchoring" (fixating on a price), when even Buffett has admitted falling into them. Buffett replied that, first, it is important to recognize that these traps exist. Second, he recommended reading Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger [yes, Almanack with a "k"], a compilation of Charlie Munger's lectures and thoughts. According to Munger, "You don't need perfect wisdom to get rich--you just need more wisdom than the next guy over the long term."





Books Recommended by Warren Buffett at the 2006 Berkshire Hathaway Annual Meeting




Books Recommended by Warren Buffett at the 2008 Berkshire Hathaway Annual Meeting




Bill Gates, Warren Buffett and Charlie Munger came together at the Berkshire Hathaway annual meeting in Omaha on May 4th to speak with Liz Claman of Fox Business Channel. Starting around the three-minute mark of an interview segment on Buffett's succession plans, the three business leaders recommend four interesting books:


  1. Personal History By Katharine Graham

    Book Cover: Personal History By Katharine Graham
    (history, nonfiction, writing)

    "you'll learn a lot

    It is very honest. I know if I were writing my autobiography, I'd make myself look like Arnold Schwartzneger."




Why should you listen to him?


Warren Buffett was born in Nebraska, Omaha USA on the 30th of August in 1930. He is one of the worlds richest men, with a fortune that is only surpassed by Bill Gates of Microsoft fame. He is considered one of the most successful investors of all time and has picked up the nickname of the "Oracle of Omaha".

Buffett was born to Leila and Howard Buffett and was the second of three children, he being the only boy. Buffett's father, Howard was a stockbroker and also became a member of congress. Warren Buffett showed early signs of being entrepreneurial through being involved in various business dealings as a child, including purchasing bottles of cola cheaply and selling them for a profit. He also made his first investment in the stock market when he was just 11 years old.

Buffett began studying at the Wharton School of Finance at the University of Pennsylvania, but transferred to the University of Nebraska where he graduated. He then went on to the Columbia University to do a Masters in economics. This was where he met the influential value investor Benjamin Graham.

The young investor was very influenced by Benjamin Graham and went to work for him in his company "Graham-Newman". It was here that Warren Buffett developed many of his stock market investing skills that have now become legendary. Graham developed a method where investors could work out the intrinsic value of a company and make intelligent investing decisions by comparing the stock price to the intrinsic value.

In 1999, Buffett was named the top money manager of the twentieth century in a survey by the Carson Group, ahead of Peter Lynch and John Templeton,[10] and in 2007, he was listed among Time's 100 Most Influential People in the world


Warren Buffett becomes the Richest Man in the World in 2008

Warren Buffett finally knocked Bill Gates out of first position to become the richest man in the world in 2008 on the world rich list according to the Forbes business magazine.



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