Warren Buffett's Book Recommendations

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It’s said that billionaire investor and philanthropist Warren Buffet would read 500 to 1,000 pages a day when he first started his investing career. Asked about his daily media routine, Buffet replied:

I read and read and read. I probably read five to six hours a day. I don’t read as fast now as when I was younger. But I read five daily newspapers. I read a fair number of magazines. I read 10-Ks. I read annual reports. I read a lot of other things, too. I’ve always enjoyed reading.

Rounded up from two decades of interviews and shareholder letters by Business Insider, find a list of Warren Buffet’s favorite books to read and recommend below. Complement with the reading lists of Bill Gates, Elon Musk and Steve Jobs.

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The Intelligent Investor by Benjamin Graham

“To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must provide the emotional discipline.” -WB

Security Analysis by Benjamin Graham and David L. Dodd

“A road map for investing that I have now been following for 57 years.” -WB

Common Stocks and Uncommon Profits by Philip Fisher

“I am an eager reader of whatever Phil has to say.” -WB

Stress Test: Reflections on Financial Crises by Tim Geithner

Jack: Straight from the Gut by Jack Welch

The Outsiders by William Thorndike Jr.

The Clash of the Cultures by John Bogle

Business Adventures: Twelve Classic Tales from the World of Wall Street by John Brooks

Where Are the Customers’ Yachts? by Fred Schwed

“The funniest book ever written about investing, it lightly delivers many truly important messages on the subject.” -WB

Essays in Persuasion by John Maynard Keynes

“Reading Keynes will make you smarter about securities and markets. I’m not sure reading most economists would do the same.” -WB

The Little Book of Common Sense Investing by Jack Bogle

Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger edited by Peter Kaufman

“Scholars have for too long debated whether Charlie is the reincarnation of Ben Franklin. This book should settle the question.” -WB

The Most Important Thing Illuminated by Howard Marks

Dream Big by Cristiane Correa

First a Dream by Jim Clayton and Bill Retherford

Take on the Street by Arthur Levitt

Nuclear Terrorism by Graham Allison

“A must-read for those concerned with the safety of our country.” -WB

(via Business Insider)