Warren Buffet’s net worth is said to be $70 billion. The Intelligent Investor is a book by Benjamin Graham that guides the reader on what the mindset of an investor is. Graham bestows a thorough education on everybody, not just the “Oracle of Omaha.” Graham was not the sort of person who would take a huge risk with stocks. Another book Warren Buffett reads is “Security Analysis”, a book he started reading in college when working with Benjamin Graham. The Intelligent Investor is a spin-off of ideas found in “Security Analysis,” a difficult read by reputation.
Another book Buffett swears by is “How To Win Friends and Influence People” by Dale Carnegie where he completed this particular course. The Warren Buffett “Shareholder Letters” gets positive reviews because of the many insights this book offers. These letters are available for free on the Berkshire Hathaway site, although the hardcopy is better to have in case they no longer offer this resource for free. “Common Stocks and Uncommon Profits” is another book Buffett recommends because it influenced a lot of Buffett’s decision-making process reading this #1 best seller for decades.
Managers should also be reading “Stress Test: Reflections on Financial Crisis,” which is on how to manage an organization through tough times, written by Timothy F. Geithner, the former Secretary of the Treasury. Buffett himself wrote a book called “The Essays Of Warren Buffett,” Buffett’s entire thinking process comes out in this book. What is an advantage to most people, he says, is that opponents who have not been taught how to think their way through problems are not able to think because they learned that thinking is a waste of energy. Buffett also endorses Jack: Straight from the Gut by Jack Welch, since he’s a hands-on manager.