Over the decades, the company of investment legend and American billionaire Warren Buffett, "Berkshire Hathaway", has become one of the most eagerly followed companies by Wall Street experts and individual investors.
Many follow his investment advice, while others take his personal financial advice. Billionaire Warren Buffett, CEO of "Berkshire Hathaway", has always praised the benefits of lifelong learning, especially the ability to read.
Here are five books recommended by the "Oracle of Omaha" that reflect his philosophy, and may inspire your business skills for 2025 as well, according to what was reported by the "Daily Mail".
5 mistakes that retirees regret.. Don't make them!
1- Security Analysis
Buffett read this book, by authors Benjamin Graham and David Dodd, when he was a student at Columbia University, where Graham and Dodd were among his professors.
Buffett said, "This book and these men changed my life," and has recommended it to others ever since, even writing the introduction to the latest edition of the book.
2- The Great Crash of 1929
By John Kenneth Galbraith. This book examines the events that led to the market crash of 1929 and the lessons that modern investors can learn from those mistakes.
Buffett publicly recommended this book during the Berkshire Hathaway annual meeting in 2020 when the Covid-19 pandemic was rapidly changing the financial landscape. He stressed that the book is essential reading in times of uncertainty.
3- The Intelligent Investor
Buffett said about this book, by Benjamin Graham: "I read the first edition of it in the early 1950s when I was nineteen years old, and at the time I thought it was the best book on investing ever written, and I still think so."
He recommends the book because he believes that sound investing requires only the right frame of mind for making decisions, and this book describes the right frame of mind accurately and clearly.
4- Warren Buffett's Essays: Lessons for Corporate America
The annual letters written by Buffett to shareholders of Berkshire Hathaway were compiled in this book in 1997, by Lawrence A. Cunningham.
The essays reveal Buffett's visions, principles, philosophies, and investment strategies, and have been praised by industry leaders, as they feature Buffett's simple and straightforward explanations of the world of investing.
5- The Innovators: How a Group of Inventors, Geniuses, and Revolutionaries Launched the Digital Revolution
Buffett recommended this book by Walter Isaacson, which explores how technology has changed various industries. The book reviews the history of technology and its most prominent figures such as Ada Lovelace, Alan Turing, Bill Gates, and Steve Jobs, but the book is not without criticism, as it discusses key challenges such as privacy and security issues.
These books are not just titles, but represent deep insights that reflect Buffett’s philosophy on investing and business, and may be a source of inspiration for anyone seeking to succeed in 2025.