7 Books That Helped Warren Buffett Become a Billionaire
Warren Buffett is the most successful investor of all times.
By the age of 10 he read every book about investing in Omaha public library,twice.When Warren was asked,about the key to success in business,he replied :
Read 500 pages a day. That’s how knowledge works. It builds up, like compound interest. All of you can do it, but I guarantee not many of you will do it.
To help you peek into the Warren’s mind,we’ve compiled books that mostly affected his entrepreneurial journey.
1. The Intelligent Investor,by Benjamin Graham
When asked what was the best money advice he ever got,Warren pointed out at this book.
Chapters 8 and 20 have been the bedrock of my investing activities for more than 60 years,says Warren.
2. Security Analysis,by Benjamin Graham
Security analysis is a book written by Warren’s mentor,Benjamin Graham,book coined the term ‘’Margin of safety’’ which is one of the principles that Warren uses when he’s making investment decisions.
3. The Clash of Cultures,by John C. Bogle
“If a statue is ever erected to honor the person who has done the most for American investors, the hands- down choice should be Jack Bogle.”
4. Stress Test,by Timothy Geithner
“Sensational . . . Tim’s book will forever be the definitive work on what causes financial panics and what must be done to stem them when they occur.”
5. Common Stocks & Uncommon Profits,by Philip Fisher
Buffett states that his investment style is 85% influenced by Graham and 15% by Philip Fisher.
6. Jack: Straight From the Gut,by Jack Welch
Endorsed by Warren in his 2001 shareholder letter.
7. Business Adventures,by John Brooks
Book contains 12 stories from the world of wall street,it is also recommended by Bill Gates for which he said : “The Best Business Book I’ve Ever Read”.
If you find this article useful give a couple of claps and visit our website for more book recommendations from world’s most successful entrepreneurs.
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