The followig is an excerpt from Silvia Ascarelli | November 28, 2015 | marketwatch.com |
Warren Buffett has a lengthy list of books for you to read.
Buffett has taken to singling out a book or two (and occasionally more) in his annual letter to Berkshire Hathaway Inc. BRK.A, -0.33% BRK.B, -0.37% shareholders. Among all the vendors at the Omaha lovefest surrounding the annual shareholders meeting — set this year for May 2 — is now one with Berkshire-related books.
It’s no secret that the so-called Oracle of Omaha is a big fan of the value investor Benjamin Graham, a mentor and one of his instructors at Columbia University. In his 2003 letter, he called Graham’s “The Intelligent Investor” his favorite book on investing.
“Picking up that book was one of the luckiest moments of my life,” he wrote in the 2011 letter. The 2013 letter is even more effusive.
There’s another Graham connection to Buffett’s success. When Buffett was at Columbia, Graham was chairman of the insurance company now known as Geico. In his 2010 letter, Buffett tells of his trip to Washington, D.C. to visit the company — on a Saturday. He ended up meeting Lorimer Davidson, then financial vice president. Geico shares were an early Buffett recommendation, and Berkshire now owns the company.
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