Warren Buffett Recommended Books Shelf (2024)

FAQs

What does Warren Buffett recommend? ›

Key Points. Warren Buffett made his fortune by investing in individual companies with great long-term advantages. But his top recommendation for anyone is to buy a simple index fund. Buffett's recommendation underscores the importance of diversification.

So Buffett says he reads around 5-6 hours daily, including newspapers, magazines, 10Ks, annual reports, and biographies. For Buffett, reading is priority number one. While most executives focus on networking or analyzing financials, Buffett dedicates the majority of his workday to reading.

Warren Buffett has always advised valuing the stock in terms of its book value rather than reported earnings.

A 70/30 portfolio is an investment portfolio where 70% of investment capital is allocated to stocks and 30% to fixed-income securities, primarily bonds.

A: Five rules drawn from Warren Buffett's wisdom for potentially building wealth include investing for the long term, staying informed, maintaining a competitive advantage, focusing on quality, and managing risk.

In an interview, Warren Buffett, who turned 93 today, revealed that he drinks five cans of Coca-Cola every day and starts his mornings with a meal from McDonald's. Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, is known for his unique investment strategies and his equally unique dietary habits.

Bill Gates primarily reads non-fiction books dealing with society, technology, and science issues, but he also enjoys reading sci-fi.

Indeed, the Oracle of Omaha has said that he spends “five or six hours a day” reading books and newspapers. And while it may be difficult to set aside nearly a full work day's worth of hours to read, it recently got a little bit easier to consume information like Warren Buffett.

1 – Never lose money. Let's kick it off with some timeless advice from legendary investor Warren Buffett, who said “Rule No. 1 is never lose money.

How to get rich according to Warren Buffet? ›

His biggest weakness is the disadvantages of his strength. He is pretty strict and he doesn't really listen. His opinion are often right, but some don't end up right. When he goes down a track that doesn't make sense, he does not pay attention to anything, which is a weakness for a big business leader like him.

While his investing acumen is unmatched, Buffett believes the real key to success is much simpler: invest in yourself. At Berkshire Hathaway's famous annual shareholder meetings and in interviews, Buffett often repeats his motto: to stand out, you must improve yourself to the point where others can't ignore you.

Berkshire Hathaway reported its first-quarter results last month, and like clockwork, a swarm of bearish investors pointed out that Warren Buffett is sitting on a record cash pile of $189 billion.

Warren Buffett's stock purchases in the most recent quarter include Chubb Limited (CB) and Occidental Petroleum (OXY). HP Inc. (HPQ) and Paramount Global (PARA) are among Warren Buffett's stock sales in the most recent quarter. The Berkshire Hathaway portfolio includes 41 stocks as of May 2024, including Apple Inc.

"In my view, for most people, the best thing to do is own the S&P 500 index fund," Buffett had once said. "The trick is not to pick the right company. The trick is to essentially buy all the big companies through the S&P 500 and to do it consistently and to do it in a very, very low-cost way," he further added.

Warren Buffett reportedly has an IQ of over 150 (anything past 140 is considered a genius), and while it has, no doubt, helped him become one of the world's richest men, the lesson here is to value emotional intelligence (EQ) just as highly.

Buffett said he revises his will every three years, and he still advises his wife to allocate 10% of her inheritance to short-term government bonds and 90% to a low-cost S&P 500 index fund.