Recommended by3 picks~28h of reading

Warren Buffett

Chairman of Berkshire Hathaway

Warren Buffett spends most of his working day reading and has said so for decades. His recommendations are few and repeated: he points investors back to his teacher Benjamin Graham, to plain index funds for everyone else, and to the business classic he lent Bill Gates in 1991. These are his picks from the index.

The shelf

3 books Warren recommends

In Warren's order. Each note is our paraphrase of why they rate it, drawn from their public lists and interviews, not a quote.

  1. Cover of The Intelligent Investor by Benjamin Graham

    The Intelligent Investor

    by Benjamin Graham

    Why Warren rates it

    Buffett read Graham at nineteen and calls it by far the best book on investing ever written. Chapters 8 and 20, on Mr. Market and the margin of safety, are the ones he says matter most.

  2. Cover of The Little Book of Common Sense Investing by John C. Bogle

    The Little Book of Common Sense Investing

    by John C. Bogle

    Why Warren rates it

    In his shareholder letters Buffett tells non-professionals to own low-cost index funds, the case Bogle makes here, and he credits Bogle with doing more for ordinary investors than almost anyone.

  3. Cover of Business Adventures by John Brooks

    Business Adventures

    by John Brooks

    Why Warren rates it

    Asked by Bill Gates for his favourite business book, Buffett mailed over his personal copy of Brooks. Both still name it first.

    Intermediate~9hRead the breakdown →

    Also picked by Bill Gates