Warren Buffet known as “Oracle of Omaha” is one of the most successful investors of all time. Currently, he serves as the CEO of Berkshire Hathaway. Buffet used to spend large amount of time in reading books. According to him it’s very easier to sit idle, sit on the couch and then ultimately zone out in your bed. He attributed his reading habit as the factor that made him to take wise money and business decision. He used to spend 80% of the time in reading newspapers and books. And science also suggests that if you want to become smarter then you have to embrace this reading habit of Warren Buffet.
Now, in order to make you all smart, here is a list of five favourite books that are recommended by celebrated investor and business tycoon Warren Buffet. Have a quick look at what you have to read?
John Brooks published this book in 1969, which was a compilation of all his articles that got published in New Yorker. This book got reprinted multiple times. And the celebrated investor Warren Buffet suggested this book to Bill Gates. John Brooks was a reporter with the New Yorker and he wrote scores of articles and profiles for The New Yorker, many profiling of well-known business figures. So if you want to know you are interested in business and management, you cant miss this book.
This is an autobiography written by the CEO of General Electric. And the fortune magazine had bestowed upon him the title of ‘the manager of the century’. The book encapsulates the journey from childhood to running one of the most successful companies. Buffett calls Welch “smart, energetic, and hands-on,” and has advised this book for any manager interested in holding him- or her to the highest standards. Now Jack Welch has written more books such as ‘Jack: What I've learned leading a great company and great people’ and another one is ‘Winning’.
So, if you are interested, you can buy a copy of these books to know the success mantras of world’s most successful manager.
If you want to know more about securities and market, it’s a very good read for you. It will make you smarter. And I am not saying all these things on my own in fact Warren Buffet said these things to Outsider Investor Digest in 1989. This book was published in 1931 and is a compilation of essays by legendary economist on inflation, monetary policy and labour forces. So it will be very enriching and informative read for you. So if you want to excel in the field of economics, it is one of the must reads for you.
Timothy Franz Geithner is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama, from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. This book will give you a clear picture how Obama administration steered the economy through the worst financial crisis since the great depression. Warren Buffet said once that it is a must read for anyone in management. So don’t wait and get a copy of this book too.
John Bogle was the founder of the Vanguard Group and a major proponent of index investing. Commonly referred to as 'Jack', Bogle revolutionized the mutual fund world by creating index investing, which allows investors to buy mutual funds that track the broader market.The book is analysis of how the principles of long-term investing are being eroded in favour of short-term speculation. This is also one of the recommended books by Warren Buffet.