Warren Buffett’s 10 Favorite Books

By the time he was 30, he had a net worth of $1 million, or $9.3 million adjusted for inflation. «Mr. Miller has done a superb job of researching and dissecting the operation of Buffett Partnership Ltd. and of explaining how Berkshire’s culture has evolved from its BPL origin,» Buffett wrote in 2015. «If you are fascinated by investment theory and practice, you will enjoy this book.»

1. In The Ten Commandments for Business Failure, Keough reveals the 10 key things (plus a bonus 11th tip) businesses should not do if they hope to avoid failure.
2. MiTek Industries Inc., a supplier of engineered products for construction, is known as one of Berkshire’s very successful subsidiaries.
3. This leads to investing based on price changes rather than underlying financials, with the goal of short-term profits.
4. This second book from Bogle that Buffett recommended is perhaps the most important one one this list for entry-level investors.
5. That’s likely the first place a lot of us would look for a quick win in our reading routine.

That’s likely the first place a lot of us would look for a quick win in our reading routine. Well, reading won’t make you rich — but it is one of the most accessible forms of knowledge. And that knowledge can help you better leverage and exploit the opportunities available to you.

Postmedia may earn an affiliate commission from purchases made through links on this page. Turns out, science shows that a Buffett-inspired reading habit could benefit you in several ways. Where the real work (and the real retention begins) is with analytical reading and syntopical reading.

Here, you’ll learn the step-by-step blueprint that instructor Brandon Hakim uses to read more than 300 books every year. Hakim is a self-made entrepreneur who has gleaned secrets and tips from such titans as Gates and Buffett and built a digital media business from scratch. Speed reading is one of his key assets and one of his keys to success. He keeps hours on his daily schedule blocked out for reading, and for thinking about and digesting the information he has just read. As Buffett has often explained, the result of this is knowledge that compounds over time, as reliably as the value of his investments.

«Immediately, the scales fell from my eyes, and low prices became my friend. Picking up that book was one of the luckiest moments in my life.» What do Bill Gates and Warren Buffett have in common besides their multi-billion dollar net worths? Both Gates and Buffett are well-known speed readers who are no strangers to reading hundreds of books every year.

How fast do you read?

Speed reading doesn’t really help when you’re reading for pleasure. Is reading faster always the right solution to the goal of reading more? Comprehension still matters, and some reports say that speed reading or skimming leads to forgotten details and poor retention. Still, if you can bump up your words per minute marginally while still maintaining your reading comprehension, it can certainly pay dividends in your quest to read more.

Knight’s memoir gives readers a glimpse into what life was like behind the scenes of a small, intrepid startup that quickly rose to become one of the world’s most recognizable brands. The book «tells you a lot about its leaders, Tom Murphy and Dan Burke. These two were the best managerial duo — both in what they accomplished and how they did it — that Charlie and I ever witnessed,» Buffett wrote in 2015. «Much of what you become in life depends on whom you choose to admire and copy.» So Howard decided to give himself 40 years to put more than $3 billion to work on this challenge. This book, which Buffett said readers «will enjoy,» captures that journey. This is a short (roughly 81 pages) and easy must-read for managers and investors looking to soak up timeless wisdom from the Oracle of Omaha.

#10. The Little Book of Common Sense Investing

William Thorndike, founder of private equity firm Housatonic Partners, sought to discover commonalities between CEOs that outperformed their peers by a factor of 20 in terms of shareholder returns. Throughout the book the Vanguard founder echoes several sentiments from his earlier works, this time offering a more historical perspective on the financial system. Donald Keough — who’s been COO of Coca-Cola, Chairman of Columbia Pictures, and Chairman of the investment bank Allen & Company — has witnessed many business failures in his lifetime.

Here’s a full list of every book Warren Buffett has recommended this decade—in his annual letters

Buffett has often called time the most valuable resource—an asset that even a person with a bank account the size of Buffett’s can’t buy. When allocating your precious reading hours, make sure it’s an investment that will reward you later. Warren Buffett warren buffett reading speed is a famously voracious reader, allegedly devouring up to 500 pages of information a day. Setting a more manageable goal can still be beneficial, and there are even ways you can start to read faster and absorb more information in less time.

That’s less than half its trailing-three-year average of 31.7. Billionaire Warren Buffett is known as one of the world’s greatest investors, and the 93-year-old has a devout following of people who admire his track record and appreciate his sage advice on life and investing. Jim Simons, founder of the hedge fund Renaissance Technologies, has compounded money at 66% annually since 1988.

Discover the secrets of some of today’s most successful businesspeople.

This is one of Max Olson’s many compilations of Berkshire Hathaway letters, going back to 1965. Rittenhouse, a trust and valuation expert, outlines a system to measure organizational trustworthiness as a predictor of investment potential. We’ll be in your inbox every morning Monday-Saturday with all the day’s top business news, inspiring stories, best advice and exclusive reporting from Entrepreneur. Normally $195, you can get this 2.5-hour get this 2.5-hour Become A Speed Reading Machine course for just $25 today.

Billionaire investor Warren Buffett reportedly spends 80 percent of his day reading, so it’s no surprise that he has a reading list to share with shareholders and anyone interested in following in his footsteps. In the same Pew research study that showed Americans’ reading habits, Pew also noted that the average reader of e-books reads 24 books in a year, compared to a person without an e-reader who reads an average of 15. These so-called “blinks” contain key insights from the books, https://1investing.in/ and they are meant to be read in two minutes or less. Though the way the information is delivered—designed to look great and be eminently usable on mobile devices so you can learn wherever you are—makes it one-of-a-kind. A combination of the two is going to be the best way to supercharge your reading routine, but each is valuable on its own. In fact, for many people, it’s not about the time trial of going beginning-to-end with a book or a story but rather more about the story itself.

The Staples speed reading test includes data on how other demographics stack up in words per minute. According to Staples, the average adult reads 300 words per minute. In the book, Bogle covers everything from strategy to performance to the spirit of entrepreneurship. He also recommends broad-based index funds — passively managed funds that track a market index (like the S&P 500). This leads to investing based on price changes rather than underlying financials, with the goal of short-term profits. Graham wrote The Intelligent Investor — a book Buffett called “by far the best book on investing ever written” — to be more approachable than Security Analysis for a newer investor.