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10 Books Recommended By Warren Buffett

10 Books Recommended By Warren Buffett

Can you get rich if you read these 10 books? Maybe. We offer the list and a plan to read these books in the next 12 months.

Eighty-five-year-old Warren Buffett shows up in the top ten of many lists for wealth and power. His name comes to mind when the phrase “smart investor” enters in conversations around the globe. His January 2016 net worth as of this writing is $60.7 billion.

A voracious reader, Buffett is known for reading 650 to 1000 pages a day during his early investing years. What did he read then or more importantly, what does he advocate reading now? Many lists exist, but we offer here 1) A Curated List, 2) A Reading Plan, and (3) A Pep Talk. We hope all three help you to reach your investing goals.

We used three different lists that covered recent, but slightly different moments in time.

The first four books on our list were common among all three websites, and then we chose the rest from those that appeared on two of the three lists. If you simply want to go out and buy the books, here are the names and authors. If you want to see what you’re buying and read a little about each one, look below for book covers and a short explanation of each one.

The Curated List of 10 Books Recommended by Warren Buffett

Sound Bite Version…

  1. The Intelligent Investor (623 Pages) Benjamin Graham
  2. Business Adventures: Twelve Classic Tales from the World of Wall Street, (459 Pages) John Brooks
  3. The Outsiders, (250 Pages) William Thorndike, Jr.
  4. Common Stocks and Uncommon Profits, (292 Pages) Philip A. Fisher
  5. Where Are the Customers’ Yachts? (170 Pages) Fred Schwed, Jr.
  6. Essays in Persuasion (384 Pages) John Maynard Keynes
  7. Dream Big (264 Pages) Cristiane Correa
  8. Little Book of Common Sense Investing, (216 Pages) Jack Bogle
  9. The Most Important Things Illuminated (180 Pages) Howard Marks
  10. Stress Test: Reflections on Financial Crises (592 Pages) Timothy F. Geithner 

Title, Author, Quote, Number of Pages, Copyright, Year(s), Summary 

1. The Intelligent Investor Benjamin Graham

Intell Investor

    “By far the best book on investing ever written.” Warren Buffett

    623 Pages. Copyright 1973, updated material 2003

    SUMMARY: The preface to the Fourth Edition is by Warren Buffett. This is a book of which Warren Buffett once wrote,“Picking up that book was one of the luckiest moments in my life.” It is a classic book on value investing…

    2. Business Adventures: Twelve Classic Tales from the World of Wall Street, John Brooks

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    Business Adventures

       Business Adventures remains the best business book I’ve ever read.” – Bill Gates, The Wall Street Journal

      459 Pages. Copyright 1953. Updated 1969

      SUMMARY: Stories about Wall Street are infused with drama and adventure and reveal the machinations and volatile nature of the world of finance. The Edsel, the rise of Xerox and corporate scandals fill this book. 

      3. The Outsiders, William Thorndike, Jr.

      The Outsiders

        “An outstanding book about CEOs who excelled at capital allocation.” – Warren Buffett

        250 Pages; Copyright 2012

        SUMMARY: Financial Times “Thorndike wants to give any manager or business owner the confidence to occasionally do things differently… to make the most of the cards they’re dealt and to delight their shareholders.” 

        4. Common Stocks and Uncommon Profits, Philip A. Fisher

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        Common Stocks _Uncommon Profits

          “I am an eager reader of whatever Phil has to say, and I recommend him to you.” – Warren Buffett

          292 Pages, Copyright 1957, 2003

          SUMMARY: Philip Fisher’s investment philosophy, first published almost 60 years ago stands the test of time. With updated material by the author’s son, this book will enable the reader to make intelligent investment commitments.

           5. Where Are the Customers’ Yachts? Fred Schwed, Jr.

          Where Are Custs Yachts

            “Schwed’s is the only financial book, out of the hundreds I’ve read, that will provoke you, teach you, and crack you up all at once. “ – Jason Zweig, Money Magazine.

            170 Pages, Copyright 1940, 1955, 1995, 2006

            SUMMARY: This book offers amusing observations about Wall Street along with stories about its financial players and the clients who bring them business. 

            6. Essays in Persuasion, John Maynard Keynes

            Essays in Persuasion

              “Essays in Persuasion is a remarkably prophetic volume covering a wide range of issues in political economy.”

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              384 Pages, Copyright 1940, 2009

              SUMMARY from back cover: Essays In Persuasion written by legendary author John Maynard Keynes is widely considered to be one of the top 100 greatest books of all time. This great classic will surely attract a whole new generation of readers. 

              7. Dream Big, Cristiane Correa

              Dream Big
                264 Pages, Copyright 2013

                SUMMARY from Amazon: Dream Big presents a detailed behind-the-scenes portrait of the meteoric rise of these three businessmen, from the founding of Banco Garantia in the 1970s to the present day.”

                8. Little Book of Common Sense Investing, Jack Bogle

                Little Book of Common Sense Investing

                  “Most investors, both institutional and individual, will find that the best way to own common stocks is to find a fund that charges minimal fees.” – Warren Buffett

                  216 Pages, Copyright 2007

                  SUMMARY from Amazon: Over the course of his long career, Bogle – founder of the Vanguard Group and creator of the world’s first index mutual fund – has relied primarily on index investing to help Vanguard’s clients build substantial wealth. Now, with The Little Book of Common Sense Investing, he wants to help you do the same.” 

                  9. The Most Important Things Illuminated, Howard Marks

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                  The most important things

                    “This is that rarity, a useful book.” – Warren Buffett

                    180 Pages, Copyright 2011

                    SUMMARY by Andy Wallace: “Howard Marks, Chairman of Oaktree Capital Management, writes clearly and persuasively about the importance of risk avoidance when investing in stocks. He emphatically states his belief that risk avoidance by buying at a good value is the key to success. He then spends the rest of the book telling the reader the 18 most important things to consider when buying stocks. His discussion of investor psychology is worth the price of the book by itself.”

                    10. Stress Test: Reflections on Financial Crises, Timothy F. Geithner

                    Stress Test

                      “Sharply worded and candid memoir.” – Financial times

                      592 Pages, Copyright 2015

                      SUMMARY from Amazon: As president of the Federal Reserve Bank of New York and then as President Barack Obama’s secretary of the Treasury, Timothy F. Geithner helped the United States navigate the worst financial crisis since the Great Depression, from boom to bust to rescue to recovery. In a candid, riveting, and historically illuminating memoir, he takes readers behind the scenes of the crisis, explaining the hard choices and politically unpalatable decisions he made to repair a broken financial system and prevent the collapse of the Main Street economy.”

                      Reading Plan

                      We’ve included the number of pages here so you can pick which book you’ll read in each of the ten months ahead of you, with two months off. Divide the number of pages by the number of days in the month, and read that many pages every day. You can also listen to books on audible.com. We know some people that “read” a book a month will have an easier time by listening to the book.  You can also go back and read sections you really want to study. But listening is a great way to get through your lists.

                      Pep Talk

                      Keep reading. Read every day for which you’ve set a reading goal. Warren Buffett recommends reading books on investing so you will know what you’re doing. It’s your money, so you should know what your advisers are telling you. You will be a year older whether or not you read these books. Why not read them all? Happy reading (or listening).

                      Featured photo credit: https://www.flickr.com/photos/katerha/ via flickr.com

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                      Last Updated on June 18, 2019

                      40 Ways to Achieve Peace Of Mind and Inner Calm

                      40 Ways to Achieve Peace Of Mind and Inner Calm

                      Do you have racing thoughts and find yourself constantly worrying? An anxious mind is truly distressing.

                      The good news is, there’re simple things you can do to calm your thought.

                      If you want to achieve peace of mind and inner calm, try these 40 simple powerful ways:

                      1. Listen to Music

                      Studies have found that relaxing music can help kids with ADHD to be calmer and focus. But it doesn’t matter what genre of music you want to listen to, as long as you enjoy it and it makes you feel relaxed.

                      Music is food for the soul and an instant way to gain peace of mind.

                      2. Deep Breathing

                      When you focus on your breathing, your mind’s attention is drawn to the life-enhancing process of drawing in air and exhaling.

                      Take five long, deep breaths and focus on your lungs and diaphragm as you do this. This is a quick and easy way to instantly feel calm.

                      Here’re also 5 Breathing Exercises for Anxiety (Simple and Calm Anxiety Quickly).

                      3. Go for a Walk

                      Getting out in the fresh air can do you a world of good and promote peace of mind. Take a break and get the blood pumping – especially when the sun is shining.

                      4. Enjoy Nature

                      Too much concrete is never a good thing. Spending time in nature can actually make you feel younger, happier. Here’s why.

                      Spend time away from the city. Listen to the birds singing and enjoy the peace and tranquility.

                      5. Play with a Pet

                      Having a pet to play with is a great way to de-stress. Touch is a powerful sense and can ease tension and promote peace of mind.

                      6. Declutter

                      Have regular clear-outs. Clutter can add to feelings of tension and a clean, clear home allows a clearer, more peaceful mind.

                      Take a look at this article and learn How to Declutter Your Mind to Sharpen Your Brain and Fall Asleep Faster.

                      7. Acceptance

                      Acceptance is crucial for peace of mind. Accepting that there are few guarantees in the world and learning to tolerate uncertainty is a huge leap in the peace-of-mind stakes. Differentiate between what you can and cannot control.

                      8. Mindfulness

                      When we are mindful, we are fully present in the moment and acutely aware of our five senses: touch, taste, sight, hearing and smell.

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                      Engage your senses. This leaves less time for your mind to worry and think about “what ifs.”

                      Here you can learn about The Power of Mindfulness.

                      9. Self Love

                      The more we like ourselves, the greater our peace of mind. We accept ourselves more and feel at ease in the world, no matter what situation we find ourselves in. We experience less insecurity and as a result, our inner peace is heightened.

                      Start trying these 30 Ways To Practice Self-Love And Be Good To Yourself.

                      10. Be True to You

                      This is another vital component of peace of mind. When we practice congruency, we behave similarly to the way we feel and think. When the way we see ourselves and the way the world sees us is the same, we are practicing congruency.

                      Problems arise when we see ourselves one way (for example, as a loving mother) but behave in ways that are at odds with how we would like to see ourselves (for example, neglect our children because we are too busy). Finding ways to keep our inner ideals and the way we behave similar is one of the keys to peace of mind.

                      Find out How to Be True to Yourself and Live the Life You Want.

                      11. Sense of Humor

                      Laugh a lot. The world is instantly a better place when you can see the funny side of life. Laughter is a great antidote for stress and releases hormones that help us relax.

                      12. Love Unconditionally

                      When you don’t expect anything back, it makes it easier to love without fear. When we love with conditions attached, our unmet expectations can create inner turmoil and feelings of resentment. Insecurities destroy peace of mind.

                      13. Go for Regular Health Checks

                      It pays to keep checks on your health and look after yourself. Letting ourselves go can indicate a lack of self-respect, and this in turn will affect the way we see the world and the way others interact with us. Be kind to yourself and make the most of what you have.

                      14. Take Stock

                      Every now and then, it’s a good idea to check whether you’re happy with the quality of your life. Do you like your job? Your relationship? Are you on the right track? Make adjustments if necessary to restore peace of mind.

                      15. Have Goals

                      This ties in with number 14. Goals keep us going in the right direction and give us a sense of purpose. Make your goals SMART: How to Set SMART Goal to Make Lasting Changes in Life

                      16. Don’t Take Yourself Too Seriously

                      This relates to number 11. Learn to be more flexible in your approach to life. The more rigid our thinking is, the easier it is to experience situations that contradict our rigid ideas.

                      17. Live in the Moment

                      Instead of worrying about the past or panicking about the future, really enjoy the NOW. It’s all we have — this moment in time.

                      When we live in the present, the concerns of the past and future can’t worry us.

                      Here’re some tips on How to Live in the Moment and Stop Worrying About the Past or Future.

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                      18. Worry Less

                      We apparently have somewhere between 30,000 – 75,000 thoughts per day, of which 80% are random “nonsense.”

                      Learn to “shelve” worrying by reminding yourself that most of your worries are unproductive and remove any chance of peace of mind.

                      Some advice for you who worry often: How to Worry Less: 90% of What You Fear Won’t Happen

                      19. Be Assertive

                      You have as much right to be here and to have an opinion as anyone else. When we become passive or submissive, we do ourselves a disservice.

                      Being assertive isn’t about your needs ahead of others (aggressive) or their needs ahead of yours (passive). Rather, it is about compromise —  a “win-win” situation.

                      Learn How to Be Assertive and Stand up for Yourself the Smart Way.

                      20. Speak Your Mind

                      Don’t be afraid to say what you’re thinking. This goes hand in hand with being assertive.

                      Ask for what you want in life. If you don’t ask, you don’t get.

                      21. Enjoy “Me-Time”

                      Time out is important. A little bit of selfish time to treat yourself or do exactly as you please sets you up for taking on the constant demands of life. Balance in life is crucial.

                      22. Frolic

                      The free online dictionary describes the word “frolic” as:

                      “To behave playfully and uninhibitedly; romp.”

                      All work and no play will stress anyone out. Make time for things you enjoy. Try to inject fun into situations that aren’t particularly enjoyable. Approach life with a playful attitude. When did you last let the child in you come out to play?

                      23. Let It Go

                      There are some things that you just cannot change, no matter how hard you try. Know when to cut your losses and detach (Just like Elsa does!)

                      When you start to let go of your past, these 10 things will happen.

                      24. Resist Guilt

                      Guilt is a negative emotion that removes peace of mind. Although it can motivate us (in the wrong way), it is still a toxic emotion.

                      Challenge the reasons for your guilt to make sure you aren’t placing unnecessary pressure on yourself.

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                      25. Adopt an Attitude of Gratitude

                      Focusing on all the things in our lives that we are grateful for promotes peace of mind and reminds us that there are always positives. Sometimes we just have to nudge our awareness.

                      Try these 40 Simple Ways To Practice Gratitude.

                      26. See Failure as a Learning Curve

                      Failure has such negative connotations, but actually, everyone fails. How can you improve or learn anything if you never fail?

                      A healthy attitude towards failure encourages bravery. It’s not you that is the failure, instead it is what you tried that failed. There is a big difference.

                      27. Connect with Others

                      One of the true joys of life is sharing life with others and knowing that others “get” you. We feel less alone and feeling understood allows a fantastic sense of well-being.

                      28. Test Your Limits

                      You’ll never know your true potential if you always stay in your comfort zone. As the old saying goes, it is better to look back and regret what you did than regret all those things you wish you’d tried.

                      Learn to step out of your comfort zone: 10 Ways To Step Out Of Your Comfort Zone And Overcome Your Fear

                      29. Find Positive Outlets for Negative Emotions

                      Sports, online forums, like-minded people, hobbies…whatever takes your fancy. Suppressing negative emotions can lead to ill health. Release tension and frustration in a pro social way and feel a whole lot happier.

                      30. Slow Down

                      Why does everything need to be accomplished today? Often, we place unrealistic pressure on ourselves when there is no need to.

                      Challenge your impatience, be mindful and enjoy life in the moment.

                      31. Challenge Your “Shoulds” and “Musts”

                      Self-induced pressure never leads to inner tranquility or peace of mind. Replace “should” with “could” and live life more on your own terms.

                      32. Be Kind

                      It’s free and it makes a difference. When we show kindness, it gives us an inner boost, too.

                      You can try these 29 Ways to Carry Out Random Acts of Kindness Every Day.

                      33. Don’t Compare

                      The more we compare, the more we lose ourselves.

                      Forget what everyone else is doing or saying. What do YOU want? We all have our own paths to follow, and we are all learning and going through life at our unique pace.

                      Focus on your own journey and lose the stress of comparing yourself to what you think is going on in the lives of others. This is a surefire way to eliminate peace of mind.

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                      34. Affirmations

                      Talk to yourself positively by using affirmations. A good example of one that encourages peace of mind is: “No matter what comes my way, I will find a way to get through it.”

                      Believe in yourself and remind yourself regularly that you will be okay.

                      Need some more inspirations to affirm yourself? Here’re 10 Positive Affirmations for Success that will Change your Life.

                      35. Save a Little Money as Often as You Can

                      Putting money aside is always a good idea. If you can afford to save money regularly, do it. Start up a regular debit each month, and you won’t even realize it’s gone.

                      36. Less Is More

                      Money buys choice, but it doesn’t buy us the happiness we crave. Be content with the simpler things in life — that’s where the real long-lasting joy and peace of mind comes from.

                      37. Perspective

                      Always  keep your eye on the bigger picture. Will you feel this way next week, or a year from now? Will your current experience of life seem as important?

                      More often than not, you will be just fine. Foster peace of mind by maintaining perspective in life.

                      38. Monitor Your Thoughts

                      Our thoughts can make or break our quality of life. Make sure to choose thinking that works for you.

                      Talk to yourself as you would a best friend. Self-loathing serves no purpose and will undoubtedly extract joy from your life.

                      39. Stand up for What You Believe In

                      Whether it’s protecting animals or helping those less fortunate than yourself, follow your heart and your passion. Fight the urge to fit in and do what’s expected.

                      When you change yourself to suit others, you give away your peace of mind.

                      40. Get Enough Sleep

                      When we’re tired and grumpy, nothing goes smoothly. Get eight hours of sleep per night and regenerate your body.

                      Final Thoughts

                      The most important ways to achieve peace of mind involve being true to yourself, accepting that life is uncertain and watching your thinking. Many of us mentally “torture” ourselves daily with the things we tell ourselves.

                      Trust your thoughts less, pay less attention to the negative ones and focus on what you are thankful for in life, and you’ll be well on your way to inner peace of mind.

                      Featured photo credit: sean Kong via unsplash.com

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