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In This article, you will read about five books recommended by billionaire investor warren buffett. These books you can read this year.
Warren Buffett enjoys reading a lot. He reads between 500 and 600 pages daily. He always recommends a few books in his yearly letters to his shareholders. At Columbia Business School in 2000, he once said to a gathering of MBA students:
“Read 500 pages like this every day. That’sThat’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.”
According to Forbes, he is one of the wealthiest people in the world! His love of reading and learning undoubtedly becomes a significant contributing component.
Here are five books that Warren Buffett suggests to give you a glimpse inside his bright mind. He says he studied these books and learned much about investing from them.
1. Security Analysis by Benjamin Graham and David Dodd
The Father of Value Investing is considered to be Benjamin Graham. The underlying ideas of this work are laid out. The core procedures needed to assess an investment are explained to readers in “Security Analysis.”Â
This book’s first section primarily focuses on the function of intrinsic value in analysis. It demonstrates how to calculate a company’s inherent worth.
It goes on to show how Graham’sGraham’s margin-of-safety idea can be profitable. It teaches us how to purchase equities at a significant discount to their original market value.Â
Investors who use these tactics should expect to get good profits. The history of corporate finance and financial analysis is also covered in the book.
2. Intelligent Investor by Benjamin Graham
This book is regarded as the holy grail of investing by Warren Buffet. He first read Graham’s book when he was 19 years old.Â
The speaker claims I owe him so much of what I know about investment. The Intelligent Investor is packed with the core knowledge necessary to make wise investments.Â
The goal of this book is to create an accessible value-investing manual. Graham advises investors to concentrate on examining a company’s financial records.Â
We must disregard the clamor outside and fake terror. Evaluating a company’s financial standing is critical to accomplish our investment objectives.
3. Lessons for Investors and Managers from Warren Buffett
This book is a must-read for investors interested in learning about the sage advice from the Oracle of Omaha. It explains what we can learn from him briefly and straightforwardly.
You can learn about his views in this compilation of wise words that have stood the test of time. Buffett guides how to consider various investment possibilities.Â
You can read more about his opinions on business attributes and valuation. Buffett has often emphasized that he prefers to work with people he can trust.Â
This book goes into great detail about the same.
4. Common Stocks and Uncommon Profits by Philip Fisher
This book teaches readers how to evaluate a company’s quality. According to Fisher, following financial statements alone is insufficient.Â
The administration and operation of a corporation must also be examined. Verify the business’s capacity for making a profit.Â
It places a strong emphasis on the idea of networking and information collecting through professional contacts. Fisher advises making investments in businesses focused on growth.Â
In particular, those who are devoted to research and development. He was renowned for researching the businesses he would invest in. His investment philosophies are explained in this book.
5. Common-Sense Investing by John C. Bogle
This book is a well-known manual for understanding the stock market. The Vanguard Group’s founder and current CEO is John C. Bogle.Â
He shares his secret for obtaining more from investing in low-cost index funds in this book. He describes the easiest and most successful investment method. The main emphasis is on long-term wealth accumulation.
The book covers the miracle of compounding and index funds in great detail. It explains the advantages of long-term investing over short-term speculation.
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So these are five books you can read this year, and billionaire investor Warren Buffet recommends these all. Thank you so much for reading & don’t forget to share it with others.