Warren Buffett is one of the most successful investors. Thousands of investors travel to Omaha to hear Warren Buffett and Charlie Munger speak at the Berkshire Hathaway Annual Meeting. Even sophisticated investors are interested in hearing what Buffett has to say every year.
Reading Warren Buffett’s writing is more valuable than getting an MBA or a CFA. I have put together a list of shareholder letters, videos and books that will help you become a better investor.
Warren Buffett Resources
Warren Buffett Shareholder letters
Berkshire Hathaway website has all the shareholder letters that Buffett has written since 1977. If you prefer, you can also get it in a book format. The book, “Berkshire Hathaway Letters to Shareholders” has Buffett’s shareholder letters from 1965 to 2014.
Books on Warren Buffet
Here are a few good books that focus on Warren Buffett and his investing philosophy.
The Snowball: Warren Buffett and the Business of Life, by Alice Schroeder -This book is a biography of Buffett published in 2009. The book is a fascinating read
Buffett: The Making of an American Capitalist, by Roger Lowenstein – This book is also a biography of Buffett published in 1995.
Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2013 – This book written by Carol Loomis includes articles on Warren Buffett that were published in the Fortune magazine. Many articles featured in the book were written by Warren Buffett himself.
The Warren Buffett CEO, by Robert P. Miles – This book provides insight into the management of Berkshire Hathaway. It takes a look at the players at Berkshire that made it the company it is today.
Dear Mr. Buffett: What an Investor Learns 1,269 Miles from Wall Street, by Janet Tavakoli – This book takes a look at collateralized debt obligations (CDOs). The author talked to Buffett after the 2008 financial crisis and found immense value in Buffett’s philosophy. Though the book is not all about Buffett, he is prominently featured.
Becoming Warren Buffett (2017) – HBO Documentary
The documentary takes a look at his routines (including his daily McDonald’s run in the morning), his investing philosophy, politics, and philanthropy.
CNBC Buffett Archive
CNBC has a collection of Buffett videos and documentaries on its website. The searchable archive includes hundreds of hours of video and transcripts.
Books That Buffet Has Recommended
Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger, Peter D. Kaufman
The Intelligent Investor, Benjamin Graham
The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success, William N. Thorndike
Where Are the Customers’ Yachts? Or a Good Hard Look at Wall Street, Fred Schwed
Shoe Dog, Phil Night
Warren Buffett Quotes
The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd
Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years
Someone’s sitting in the shade today because someone planted a tree a long time ago.
Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down
Only invest in simple businesses that you understand
Time is the friend of the wonderful company, the enemy of the mediocre
Successful Investing takes time, discipline, and patience. No matter how great the talent or effort, some things just take time: You can’t produce a baby in one month by getting nine women pregnant
Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can’t buy what is popular and do well