Here are the 10 books he says will change your life positively. book 5 will shock you.

Warren Buffett reads more than 500 pages a day.

Warren Edward Buffett is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net worth of over $113 billion as of June 2022, making him the world's fifth-wealthiest person.

1. The Intelligent Investor by Benjamin Graham

Buffett’s Commentary:

“To invest successfully does not require a stratospheric IQ, unusual business insights, or inside information. What’s needed is a sound intellectual framework for making decisions" 

2. Security Analysis by Benjamin Graham and David L. Dodd

Buffett’s Commentary:

- “Security Analysis” is an investment roadmap that he has been following for over 60 years and has rocked entire generations of investors with “value investing” philosophy that is never out of date. 

3. Stress Test: Reflections on Financial Crises by Tim Geithner

Buffett’s Commentary:

- Key actors in the 2008 crisis, Barack Obama, Ben Bernanke, Hank Paulson and Larry Summers, Buffett says it’s a book every person involved in management must read. 

4. Business Adventures by John Brooks

Buffett’s Commentary:

- “For one thing, there’s an essential human factor in every business endeavor. It doesn’t matter if you have a perfect product, production plan and marketing pitch; you’ll still need the right people to lead" 

5. The Little Book of Common Sense Investing by John Bogle

Buffett’s Commentary:

Buffett recommended the book in his letter to shareholders in Berkshire Hathaway in 2014 and positions it as the investment bible offering new information, new perspectives and new points of view. 

6. Essays in Persuasion by John Maynard Keynes

Buffett’s Commentary:

- In Investor Digest in 1989, among other things, he said “reading Keynes will make you smarter about securities and markets. I’m not sure most economists would do the same.” 

7. Common Stocks and Uncommon Profits by Philip Fisher

Buffett’s Commentary:

- Philip Fisher considers that investing in a company is not just about focusing on the financial statements. It is also necessary to evaluate the management of a company. 

8. Where Are the Customers’ Yachts? by Fred Schwed

Buffett’s Commentary:

“The funniest book ever written about investment. He delivers many really important messages on this subject lightly.” 

9. Take on the Street by Arthur Levitt

Buffett’s Commentary:

- Buffett explained how accounting standards and audit quality have deteriorated in recent years. As an example, he cited the fall of Arthur Andersen’s accounting in relation to the Enron scandal 

10. The Clash of the Cultures by John Bogle

Buffett’s Commentary:

- What is hot today is probably not going to be hot tomorrow. The stock market always returns to long-term fundamental returns. Don’t follow the herd like a sheep. 

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