18 books billionaire Warren Buffett thinks everyone should read - List by Business Insider™

  18 Books Billionaire Warren Buffet Recommends - List by Business Insider™

Books in list (18)


Title: The Intelligent Investor: The Classic Text on Value Investing

More than one million hardcovers sold Now available for the first time in paperback! The Classic Text Annotated to Update Graham's Timeless Wisdom for Today's Market Conditions 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. Over the years, market developments have proven the wisdom of Graham's strategies. While preserving the integrity of Graham's original text, this revised edition includes updated commentary by noted financial journalist Jason Zweig, whose perspective incorporates the realities of today's market, draws parallels between Graham's examples and today's financial headlines, and gives readers a more thorough understanding of how to apply Graham's principles. Vital and indispensable, this HarperBusiness Essentials edition of The Intelligent Investor is the most important book you will ever read on how to reach your financial goals.
Author(s): Benjamin Graham
ISBN 13: 9780060752613
Pages: 304
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Title: Security Analysis: The Classic 1934 Edition

Rare is the opportunity to see, much less own, an original. But this unusual, carefully crafted reproduction of Benjamin Graham and David Dodd's immortal Security Analysis gives you that chanceto read and treasure a true classicthe book that gave birth to value investing.

Continuously in print through five editions, for more than 60 years, and through nearly a million copies, the primer for many of America's most illustrious investorsand the wellspring of Graham and Dodd's Wall Street ImmortalitySecurity Analysis is indisputably the most influential book on investing ever written. Still the investors' bible, it's as frequently consulted today as it was when it first appeared in 1934.

Of course, over the years and over five editions, Security Analysis changed. Its language was modernized. New material was added. Metaphors and examples were brought up to date. In the light of changing times, these alterations were necessary and appropriate.

But what of the original book? The very durability of this work arouses our curiosity. And what we discover when we return to the original is very simply a classic, a work whose uncompromising worth has not paled since it first saw the light of day in 1934.

The original words of Benjamin Graham and David Doddput to paper not long after the disastrous Stock Market Crash of 1929still have the mesmerizing qualities of rigorous honesty and diligent scrutiny, the same riveting power of disciplined thought and determined logic that gave the work its first distinction and began its illustrious career.

The words you will read here are eloquent. Not only a financial genius and a man of high repute for honorable dealings, Graham was a man of letters invited to teach in the literature department at Columbia University (as well as in the economics and philosophy departments).

But this reproduction is far more than a historical curiosity, an interesting object, and a delightful read. It presents the original Graham/Dodd method of investingtold in their own words as they first described it in the 1930s.

What exactly is this method that has drawn such longterm devotion in the notably fickle reaches of Wall Street?

Graham and Dodd were Wall Street's first bargain shoppers. In this book they first explain their methods for locating bonds and stocks "which are selling well below the levels apparently justified by a careful analysis of the relevant facts." In this book, they tell you precisely how to find these undervalued securities and analyze those "relevant facts."

Are these methods still practical and usable today? The great fortunes created by value investors Warren Buffett, Mario Gabelli, John Neff, Michael Price, and John Bogle testify that they certainly are.

In their preface to this book, Graham and Dodd write that they hope their work "will stand the test of the ever enigmatic future." There is no doubt that it has.

This distinctively wrought book is a careful reproduction of the 1934 edition, containing every word of the original.

Author(s): Benjamin Graham
ISBN 13: 9780070244962
Pages: 725
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Title: Common Stocks and Uncommon Profits and Other Writings

Here are solid guidelines on when and what to buy, sound reasons for selling common stock, as well as critical information on profit margins and dividends.
Author(s): Philip A. Fisher
ISBN 13: 9780471445500
Pages: 292
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Title: Stress Test: Reflections on Financial Crises

As president of the Federal Reserve Bank of New York and then as President Barack Obamas secretary of the Treasury, Timothy F. Geithner helped the United States navigate the worst financial crisis since the Great Depression, from boom to bust to rescue to recovery. In a candid, riveting, and historically illuminating memoir, he takes readers behind the scenes of the crisis, explaining the hard choices and politically unpalatable decisions he made to repair a broken financial system and prevent the collapse of the Main Street economy. This is the inside story of how a small group of policy makersin a thick fog of uncertainty, with unimaginably high stakeshelped avoid a second depression but lost the American people doing it. Stress Test is also a valuable guide to how governments can better manage financial crises, because this one wont be the last. Stress Test reveals a side of Secretary Geithner the public has never seen, starting with his childhood as an American abroad. He recounts his early days as a young Treasury official helping to fight the international financial crises of the 1990s, then describes what he saw, what he did, and what he missed at the New York Fed before the Wall Street boom....
Author(s): Timothy F. Geithner
ISBN 13: 9780804138598
Pages: 592
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Title: The Essays of Warren Buffett

In the third edition of this international best seller, Lawrence Cunningham brings you the latest wisdom from Warren Buffett's annual letters to Berkshire Hathaway shareholders.
Author(s): Warren Buffett;Lawrence A. Cunningham
ISBN 13: 9781611634099
Pages: 307
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Title: Jack: Straight from the Gut

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. In this remarkable autobiography-a classic business book and runaway New York Times bestseller now updated with a new afterword by the author-Jack Welch takes us on the rough-and-tumble ride that has been his remarkable life. From his working-class childhood to his early days in G.E. Plastics to his life at the top of the world's most successful company, Welch tells his intensely personal story with his well-known fire and candor. And although it chronicles billion-dollar deals and high-stakes corporate standoffs, Jack is ultimately a story about people-from a man who based his career on demanding only the best from others and from himself.

In anecdotal detail and with self-effacing humor, Jack Welch gives us the people (most notably his Irish mother) who shaped his life and the big hits and the big misses that characterized his career.

Author(s): Jack Welch
ISBN 13: 9780446690683
Pages: 496
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Title: The Outsiders

It's time to redefine the CEO success story. Meet eight iconoclastic leaders who helmed firms where returns on average outperformed the S&P 500 by more than 20 times.
Author(s): William Thorndike
ISBN 13: 9781422162675
Pages: 251
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Title: The Clash of the Cultures: Investment vs. Speculation

Praise for The Clash of the Cultures

"Jack Bogle is brilliant and persuasive, and his ability to get to the heart of complex issues is one of his greatest gifts. . . . I have come to appreciate his unique ability to speak to investors in a language that is accessible, lyrical and yet also bracing. He points out with clarity the inherent conflicts present throughout our financial markets, most notably between the investor's interests and those of many financial professionals. . . . The entire financial services industry should be glad that Bogle is merely an expert witness, and not the judge and jury as well."From the Foreword by ARTHUR LEVITT

"A calm yet impassioned call to financial arms. A trading and speculation culture has taken over on Wall Street, pushing aside the traditions that underpin sensible investing. John Bogle speaks with great credibility and deep experienceexplaining in meticulous detail exactly how powerful insiders gain and you lose. Listen to him carefully and act to protect your family's financial future."SIMON JOHNSON, Professor, MIT Sloan School of Management, coauthor, White House Burning

"The Clash of the Cultures argues convincingly the merits of investing over speculating. Bogle's 'Stewardship Quotient' methodology helps to identify fiduciaries that value stewardship over salesmanship, an all too often mutual fund industry failure. Finally, I like his '10 Simple Rules for Investment Success,' which are logical but seldom followed. Well done!"ROBERT L. RODRIGUEZ, CFA, Managing Partner and CEO, First Pacific Advisors

"This is vintage Boglea hard-hitting, no-holds-barred jeremiad showing how the culture of speculation has too often superseded the culture of long-term investing. Jack's fans will benefit particularly from his 10 simple rules comprising an optimal investment strategy for the years ahead."Professor BURTON MALKIEL, bestselling author of A Random Walk Down Wall Street, Tenth Edition

Author(s): John C. Bogle
ISBN 13: 9781118122778
Pages: 384
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Title: Business Adventures: Twelve Classic Tales from the World of Wall Street

What do the $350 million Ford Motor Company disaster known as the Edsel, the fast and incredible rise of Xerox, and the unbelievable scandals at General Electric and Texas Gulf Sulphur have in common? 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. Stories about Wall Street are infused with drama and adventure and reveal the machinations and volatile nature of the world of finance. Longtime New Yorker contributor John Brookss insightful reportage is so full of personality and critical detail that whether he is looking at the astounding market crash of 1962, the collapse of a well-known brokerage firm, or the bold attempt by American bankers to save the British pound, one gets the sense that history repeats itself.
Author(s): John Brooks
ISBN 13: 9781497644892
Pages: 464
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Title: Where Are the Customers Yachts

If one of them has to be disappointed, it's bound to be the former." -- John Rothchild, Author, A Fool and His Money, Financial Columnist, Time magazine Humorous and entertaining, this book exposes the folly and hypocrisy of Wall Street.
Author(s): Fred Schwed Jr.
ISBN 13: 9780471770893
Pages: 208
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Title: Essays in Persuasion

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.
Author(s): John Maynard Keynes
ISBN 13: 9781441492265
Pages: 208
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Title: The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns

Praise for The Little Book of Common Sense Investing

"A low-cost index fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.In this book, Jack Bogle tells you why."
Warren E. Buffett, Chairman, Berkshire Hathaway Inc.

"John Bogle is living a useful life, and this book is a useful contribution to hisfellow citizens. It is dangerous for investors to believe a lot of nonsense,and the nonsense destroyers are particularly helpful when, like Bogle,they never tire in their animosity toward folly."
Charles T. Munger, Vice Chairman, Berkshire Hathaway Inc.

"Whether you know it or not, Wall Street wants to steal your future.If you want to stop them, drop everything, read this marvelous little book,and take it to heart; your children, and their children's children, will thank you."
William Bernstein, investment adviser and author, The Four Pillars of Investing

Author(s): John C. Bogle
ISBN 13: 9780470102107
Pages: 240
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Title: Poor Charlies Almanack

Poor Charlie's Almanack contains the wit and wisdom of Charlie Munger: his talks, lectures and public commentary. And, it has been written and compiled with both Charlie Munger and Warren Buffett's encouragement and cooperation. So pull up your favorite reading chair and enjoy the unique humor, wit and insight that Charlie Munger brings to the world of business, investing and life itself. With Charlie himself as your guide, you are about to embark on an extraordinary journey toward better investment, decision making, and thinking about the world and life in general. Charlie's unique worldview, what he calls a 'multidisciplinary' approach, is a self-developed model for clear and simple thinking while being far from simplistic itself. Throughout the book, Charlie displays his intellect, wit, integrity, and rhetorical flair. Using his encyclopedic knowledge, he cites references from classical orators to eighteenth- and nineteenth-century European literati to pop culture icons of the moment while simultaneously reinforcing the virtues of lifelong learning and intellectual curiosity.
Author(s): Charles T. Munger;Peter D. Kaufman
ISBN 13: 9781578643660
Pages: 512
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Title: The Most Important Thing Illuminated: Uncommon Sense for the Thoughtful Investor

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. In this edition, Marks's wisdom is joined by the comments, insights, and counterpoints of four renowned investors and investment educators: Christopher C. Davis (Davis Funds), Joel Greenblatt (Gotham Capital), Paul Johnson (Nicusa Capital), and Seth A. Klarman (Baupost Group). These experts lend insight into such concepts as "second-level thinking," the price/value relationship, patient opportunism, and defensive investing. Marks also adds his own annotations, expanding on his book's original themes....
Author(s): Howard Marks
ISBN 13: 9780231162845
Pages: 248
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Title: Dream Big

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 In just over forty years, Jorge Paulo Lemann, Marcel Telles and Beto Sicupira built the biggest empire in the history of Brazilian capitalism and launched themselves onto the world stage in an unprecedented way. Over the past five years, they have acquired no fewer than three globally-recognized American brands: Budweiser, Burger King and Heinz. This has been achieved as discreetly as possible and they have shunned any personal publicity. The management method they developed, which has been zealously followed by their employees, is based on meritocracy, simplicity and constant cost cutting.
Author(s): Cristiane Correa
ISBN 13: 9788543100838
Pages: 252
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Title: First a Dream

One of the Forbes 400 wealthiest Americans, former CEO Clayton tells his story, from being born to poor cotton farmers in west Tennessee to building Clayton Homes into one of the top distributors and loaners in the mobile home industry.
Author(s): Jim Clayton;Bill Retherford
ISBN 13: 9780972638906
Pages: 399
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Title: Take on the Street

A former chairman of the S.E.C. and chairman of the American Stock Exchange offers an inside look at how investors are being exploited and deceived by both financial institutions and corporate America, discussing such topics as broker ...
Author(s): Arthur Levitt;Paula Dwyer
ISBN 13: 9780375714023
Pages: 364
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Title: The Ultimate Preventable Catastrophe

Second, the surprising and largely unrecognized good news is that nuclear terrorism is, in fact, preventable.
Author(s): Graham Allison
ISBN 13: 9780805078527
Pages: 288
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18 Books Billionaire Warren Buffet Recommends


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