01
The Little Book Of Common Sense Investing
John C. Bogle
In his 2014 Annual Shareholder Letter, Warren Buffett had mentioned that instead of listening to the “siren songs” of investment managers, everyone should read The Little Book of Common Sense Investing. The key tenet of Bogle’s book is that investing is all about common sense. Bogle includes deep insights and practical advice on investing, such as the significance of index investing and why it’s the best way to guarantee returns.
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02
The Intelligent Investor
Benjamin Graham
Warren Buffett says that picking up this book was “one of the luckiest moments in my life” and “my financial life changed with that purchase”. The Intelligent Investor is considered one of the best books on how to achieve your financial goals. The book covers Graham’s ideology of value investing, which teaches an investor how to avoid errors and develop long-term strategies. It also educates investors about fluctuations in the stocks price.
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03
Security Analysis
Benjamin Graham, David Dodd
As per Warren Buffett, Security Analysis is the “roadmap for investing that I have been following for 57 years.” The book provides techniques and strategies for investors to achieve financial success. It points out that the analysis of a balance sheet is the primary factor for success in investing. The book introduced the foundations of value investing, which are still relevant in the 21st Century.
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04
A Few Lessons For Investors And Managers From Warren E. Buffett
Peter Bevelin
About the book, Buffett says, “It sums up what Charlie and I have been saying over the years in annual reports and at annual meetings.” In the book, Bevelin explains the investment and operating principles of Berkshire Hathaway. He talks about how managers and investors can increase their probability of making profits and reduce their losses if managers think like investors and investors like businessmen. In this timeless collection of lessons on investment, Buffett gives his advice on how to value a business, how to reduce risk, and how to learn from mistakes, amongst other things.
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05
Common Stocks And Uncommon Profits
Philip Fisher
According to Warren Buffett, Common Stocks And Uncommon Profits covers “A thorough understanding of the business, obtained by using Phil’s techniques… enables one to make intelligent investment commitments.” In this book, Fisher discusses his philosophies and shares his wisdom on investing. It teaches you the importance of not fixating on your financial statements and stresses on the need for evaluating a company’s management. Fisher provides a framework for the questions you need to ask before investing and where to look for answers.e truth.
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06
The Clash Of The Cultures
John C. Bogle
This book was recommended in the 2012 annual shareholder letter by Warren Buffett. In The Clash Of The Cultures, Bogle talks about how speculation is now dominating the investment sector, and how short-term speculation has destroyed long-term investment. It goes on to suggest measures to deal with these problems. The book provides practical tips on avoiding impulse investing, not following the herd when it comes to making an investment, and avoiding risk.
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07
Warren Buffett’s Ground Rules: Words Of Wisdom From The Partnership Letters Of The World’s Greatest Investor
Jeremy C. Miller
In Buffett’s words, “If you are fascinated by investment theory and practice, you will enjoy this book.” Between 1956 and 1970, he wrote a series of letters to his partners sharing his thoughts, approaches and reflections. With Buffett’s blessing, these letters have been compiled for the first time by Miller, and highlight Buffett’s ground rules for investing, such as his diversification strategy, how he makes decisions, and his tactics for improving market results by at least 10% per annum. Miller provides additional context and insight which also show how Buffett’s thinking evolved in that period.
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BONUS
The Essays Of Warren Buffett
Lawrence A. Cunningham
If you want to read Buffet own lessons on investing, pick up The Essays Of Warren Buffett, currently on its fourth edition. It is a collection of his annual letters to the shareholders of Berkshire Hathaway, which contains his investment wisdom and philosophy. The book covers various principles on market fluctuations value investing, dividends, reinvestments, etc. These valuable and timeless lessons on investing are still relevant in the current investment scenario.
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Ankit loves stories, be it in any form- print, media or theatre. After reading Angels and Demons, he fell in love with books, especially suspense, thriller, and fantasy. He is a big fan of the Harry Potter series. He quit his engineering career to become a writer and worked with The Curious Reader. Apart from writing he also loves filmmaking, photography, travelling and cooking. You can reach him on Instagram.
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This is best list of books which read by every entreprenuer. Thanks