Warren Buffett is the un cours en miracles investor and philanthropist. He is the CEO, primary shareholder and Chairman of Berkshire Hathaway, and is ranked amongst the world’s wealthiest people. Known as the wizard of Omaha, he is well known for his value investing philosophy. If you want to invest like Warren Buffett, there are several books, which have inspired and therefore, have been recommended by this influential man -setting you on the right path of investing enlightenment. So here is a brief overview of the most influential books which will set you on the right path to buying stock like Warren Buffett.
The Intelligent Investor by Benjamin Graham
This book was written by the second most influential man in Warren Buffett’s life right after his father. Benjamin Graham, also known as the father of value investing was the mentor of Buffett grounding him with the basic intellectual framework. The book was published in 1949 and since then it has sold millions of copies worldwide. This book, which has been praised by Warren Buffett as the best book ever to be written, focuses not on profit maximization but on loss minimization. The Intelligent Investor is not a book for the day traders or speculators but for true investors. The best part about this book is that it is suitable for laymen giving guidance in adoption and execution of an investment policy.
The Little Book of Common Sense: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John C Bogle
This book gives the most practical advice complete with the expert evaluations, showing you that investing is all about common sense. This book will not only change your investment attitude, but will also be your bible that guides you towards the successful path, regarding how to add to your portfolio, using the strategies of certified investment.
Take on the Street: What Wall Street and Corporate America Don’t Want You to Know by Arthur Levitt.
Arthur Levitt was the longest serving chairman of the United States Securities and Exchange Commission, supervising the dotcom boom days of the 90’s stock market. In this book, Arthur Levitt reveals the tactics of corporate America for hoarding the billions poured into mutual funds as well as stocks by working Americans. Levitt also reveals how to invest into the stock market, and also in the mutual funds intelligently. He focuses his advice towards the individual small investors and guiding them about the exploitation detection tips, evaluating the press releases and the annual reports, and also discussing about the tactics worth adopting, so as to benefit more from the trustworthy sources.
The Theory of Investment Value by John Burr Williams
It was 1938, when the first edition of this book came into the market. Today it is still considered to be one of the most trustworthy books, which discusses the financial asset evaluation. Burr Williams has combined concepts with actual experiences that took place in the investment world, giving verifiable insights. The breakthrough discovery made by Williams was to give an educated guess that provides a fundamental value called the Dividend Discount Model; this value is still subject to question in the market’s institutional sectors by the professional investors.
Paths to Wealth through common stocks By Philip Fisher
Designed to help those investors who have management queries and issues, this book contains one innovative concept after the other -aiming to lend a hand to every business that needs honest advice regarding investments. In this book, Philip Fisher reveals why worthwhile profits that generate from ownership of common stocks reduce the risk while increasing profits. Many of his ideas in this book are based on orthodox strategies of investment, which are still able to acquire remarkable returns – as a result they are of the utmost relevance in today’s market.
