In this blog, I will share some of my favorite investing books that I recommend you buy and get. At the bottom of this post, In his letters to shareholders, Warren Buffett recommends 33 books dating back to the 1970s. I know many of you are always looking for books to read and new content so figured I'd share them all here. These books helped build Buffet, so maybe they'll help build you. Keep in mind there are a few books that Warren Buffett recommends because of who the authors are and because of his sense of humor. No particular order. “How Buffett Does It”
Explains how Warren Buffett, a self-made investor who is now worth about $80 billion, used value investing to make his fortune. Buffett's premise is that people should base their investing strategies on common sense and search out assets that are selling for less than they are worth.
This was one of the first books I read that 100% changed my whole perspective and investing approach for the better.
“The Little Book of Value Investing”
is the second book I came across that changed my whole perspective on the market. These first 2 books are in order the ones I read. Buying $1 for $0.50. I was able to take out many things from them and apply them to my investing strategies.
”The Dhandho Investor”
In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business savvy Patels from India and presents how they can be applied successfully to the stock market. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. Readers will be introduced to important value investing concepts such as "Heads, I win! Tails, I don't lose that much!," "Few Bets, Big Bets, Infrequent Bets," Abhimanyu's dilemma, and a detailed treatise on using the Kelly Formula to invest in undervalued stocks. Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format. Any investor who adopts the framework is bound to improve on results and soundly beat the markets and most professionals.
“One Up On Wall Street”
is a very powerful value investing book. Coming from one of my favorite investor Peter Lynch. A MUST-READ!
”Stock Market Wizards (America’s Top Stock Traders)”
This book actually interviews, America’s Top Stock Traders. It’s a book that has great stories that you will be able to relate to. I was able to learn a lot from everyone and applied many of their tips to my current life and investing.
”How I made $2,000,000 In The Stock Market”
At the age of 39, after accumulating his fortune, Darvas documented his techniques in the book, How I Made 2,000,000 in the Stock Market. The book describes his unique "Box System", which he used to buy and sell stocks.
📚 33 Books Warren Buffet Recommends In his letters to shareholders, Warren Buffett recommends 33 books dating back to the 1970s. I know many of you are always looking for books to read and new content so figured I'd share them all here. These books helped build Buffet, so maybe they'll help build you. Keep in mind there are a few books that Warren Buffett recommends because of who the authors are and because of his sense of humor. - No Particular Order -
1. The Intelligent Investor by Ben Graham 2. Security Analysis by Benjamin Graham and David Dodd 3. Straight From the Gut by Jack Welch 4. The Warren Buffett CEO by Robert P. Miles 5. The Science of Hitting by Ted Williams 6. First a Dream by James L. Clayton, Sr 7. Take on the Street by Arthur Levitt Jr. 8 - 10. Bull! A History of the Boom and Bust, 1982-2004 by Maggie Mahar 11. Common Stocks and Uncommon Profits by Phil Fischer 12 - 13. Poor Charlie's Almanack by Peter Kaufman 14. Where Are the Customers' Yachts? by Fred Schwed 15 - 17. Giving It All Away: The Doris Buffett Story by Doris Buffett. 18. Nuclear Terrorism: The Ultimate Preventable Catastrophe by Graham Allison 19. Tap Dancing to Work: Warren Buffett on Practically Everything by Carol Loomis 20 to 24. The Outsiders by William Thorndike, Jr. 25. The Little Book of Common Sense Investing by Jack Bogle 26 - 27. Berkshire Hathaway Letters to Shareholders edited by Max Olso 28 - 29. Limping on Water by Phil Beuth 30. Shoe Dog by Phil Knight 31. Common Stocks as Long Term Investments by Edgar Lawrence Smith 32. Margin of Trust by Larry Cunningham and Stephanie Cuba 33. One Thousand Ways to Make $1000 by Frances Minaker (Fun Fact: Buffett said this 1936 book inspired his entire career when he read it as a 7-year-old.)