Books about Warren Buffett
. . . are about as scarce as wheat fields in Nebraska.
Unless you’re a Buffett junkie, the problem is: what to
read and what not to read?
By starting with Roger Lowenstein’s biography, Buffett: The Making of an American Capitalist, and then reading The Warren Buffett Way by Robert Hagstrom you’ll be introduced to both the man and his method.
Also recommended is Alice Schroeder’s biography, The Snowball: Warren Buffett and the Business of Life. This is a more intensive look at Buffett, the man than Lowenstein’s biography, which focuses more on Buffett’s method.
To hear it straight from the horse’s mouth pick up a copy of The Essays of Warren Buffett edited by Lawrence A. Cunningham. These are actually extracts from Buffett’s annual letters to his partners and shareholders, organized by topic.
Even better, read Buffett’s letters in full. You’ll find them, from 1977 to the present, at the Berkshire Hathaway website.
Berkshire Hathaway has also reprinted Buffett’s letters to shareholders (1977 to 1995) in two volumes, available for $30 direct from Berkshire Hathaway, Inc., 1440 Kiewit Plaza, Omaha, Nebraska 68131.
If you want to delve deeper into Buffett’s method, I can highly recommend The Real Warren Buffett by James O’Loughlin.
Andrew Kilpatrick’s Of Permanent Value is a wonderful compilation of stories and anecdotes about Buffett’s experience, his investments, his hobbies and his outlook on life (plus hundreds of pithy Buffett quips and quotes).
Reading Buffettology (by Mary Buffett and David Clark) will help you get a handle on Buffett’s investment system. But be warned: the authors oversimplify and attempt to provide a formula that encapsulates Buffett’s stock-picking ability. Oversimplification is a helpful way to start learning something.
So if you read this book, remember to graduate beyond its formulaic approach before putting your money on the line.
There are many other books on Warren Buffett — and I think I’ve read all of them. Here, I’ve recommended the ones I think will allow you to cover the most ground most quickly.
Author: Mark Tier
Author of the bestelling The Winning Investment Habits of Warren Buffett & George Soros, Mark Tier was the founder of the investment newsletter World Money Analyst, which he published until 1991, the author of Understanding Inflation and The Nature of Market Cycles. Since 1991, he's helped start five new (and highly successful) investment publications. When he adopted the the winning investment habits of Warren Buffett & George Soros himself, he sold all his business interests and now lives solely from the returns on his investments. His most recent books including Trust Your Enemies, a political thriller which is “Up there with The Girl With the Dragon Tattoo” and “Worthy of Ayn Rand” according to reviews on Amazon.com, and Ayn Rand's 5 Surprisingly Simple Rules for Judging Political Candidates.