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I am a big believer that you can learn a lot by reading the right books. Below are links where you can buy some books that I recommend. These are all books that I have read and found benefit from. These are not the latest finance books, but they all have timeless principles. Amazon appears to have good prices for books. I notice that Amazon does not appear to list the year each book was published (which I think is very poor behavior on their part). I have indicated below each book the year which each was originally published. Note that the intelligent Investor includes commentary from about 2005 and the New Buffettology was an update around 2002. If you can't decide which book, the following is a link to search for all items on Amazon.
The above book was revised and updated for 2007. It consists largely of organized quotes from Warren Buffett with the author's introductory comments to each quote. This is a small book, a light enjoyable and educational read.
The above book was published in 2001. It analyses the characteristics of companies that achieve great levels of growth and profitability. It can help your understanding of what type of companies are likely to continue to be great and which ones are likely to falter.
The Intelligent Investor has repeatedly been described by Warren Buffett as the best investment book ever written. The latest edition was written in 1973 shortly before Benjamin Graham died, but the above edition has some updated material. After reading an earlier edition around 1950, Buffett sought out Graham and became his pupil, and the rest as they say, is history. When the richest investor in the World claims that this book helped him greatly, can you really afford not to own it?
Published in 2001, this book details classic value investing strategies used by a number of famous and very rich investors, a number of whom, like Buffett, had studied under Benjamin Graham.
Published in 1995, this is probably the most comprehensive look at Buffett's investing methods.
Published in 1997 this book does a good job of describing how Buffett invests. Mary Buffett had been married to one of Buffett's sons and so had close contact with Buffett over a period of years.
Published in 2000 this book also has good insights into the Buffett ways.
Published in 1997 and revised in 2000. This book consists largely of exerts from the detailed annual letters that Warren Buffett writes to shareholders each year. Although the more recent years are not included, this book is a "must read" for the dedicated Buffett fan. The letters can also be accessed at www.berkshirehathaway.com, but this book provides an organization by topic rather than by year which is useful.
Much of this book was originally written in the 1950's but nevertheless much of it is still valid today. Philip Fisher is said to have had a significant influence on Warren Buffett.
This late 2006 book profiles a number of people who accumulated $1 million in less than seven years. The author is a multi-millionaire who has a lot of common sense business advice and who has personally built up a number of multi-million dollar companies. It's a light and motivating read.
This 2007 book is by Christopher Browne of Tweedy Browne which firm has deep and close links to Buffett, Benjamin Graham and other great value investors.
Also known as Magic Formula Investing. This 2006 book is a light entertaining read and explains why value investing makes sense. It provides a Web Site that screens for the best value stocks. The author has compounded returns of 40% since 1985. When people like this share their secrets it only makes sense for us to read their advice.
Ken Fisher is a billionaire investment manager who is the son of Phil Fisher who had an influence of Warren Buffett. Ken has a very thoughtful and analytical way of looking at the markets. He accepts nothing at face value until he has looked at the data for himself. The book was completed in 2007 but most of the information is timeless. At 400 pages this is not a light read but is more suitable for the avid investor. If you can handle some heavy reading, it's well worth it.
Shawn Allen, President InvestorsFriend Inc. |
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