The icon of Investment Philosophy, Warren Buffett has a curated list of books for future millionaires. It is no surprise that the list is only about investing. Unlike ‘how to get rich’ typical books, his list is a much broader read and provides deep insights into the culture of Wall Street. His advice for to be millionaires is to be and entrepreneur and not a customer while investing.
Here is the list of his recommendations:
1) Business Adventures (Twelve Classic Tales From The World Of Wall Street) by John Brooks
The New Yorker has always been the best magazine when it comes to covering business. It always goes far beyond reporting business and has raised the bar of business writing to a fine art. And of a lot of writers, no one stands out as John Brooks. This book is a compilation of some of his best stories, narrated with sharp insights into Wall Street.
2) Common Stocks and Uncommon Profits by Philip A. Fisher
One of the only books written before the internet that still has some relevance, this book covers all of Buffett’s overall investment philosophies.
Also Read: Warren Buffett Lessons That Can Help To Be Good At Business and Marketing
3) Dream Big by Cristiane Correa
This is the story of three Brazilians who made the biggest business empires in Brazilian History. These people turned themselves into billionaires while made sure most of their become millionaires.
4) The Little Book Of Common Sense Investing by Jack Bogle
This is basically a detailed argument for diversification in the form of Index Funds with low management fees.
5) The Most Important Thing by Howard Marks
This is an easy to understand book counter arguing the “Common Sense” theory of investing. It suggests that high-level investing involves many complex factors.
6) The Intelligent Investor by Benjamin Graham
It is a break-down of Index Funds that allows you to understand what these are and how one could easily make profits of them.
7) The Outsiders by William Thorndike Jr.
It is the young author’s insights into the true meaning of leadership. It is basically a study of 8 not so conventional successful CEOs.
8) Where Are The Customer’s Yachts by Fred Schwed
This book is about how share brokerage is set so high at the expenses of the customers that it only makes the brokers rich enough. This book, inspired by photos of share broker owned Yachts was written six decades ago.
