His father owned a small investment shop, and young buffett often picked up the books lying around the. Be the first to ask a question about the outsiders. An election year can cause a lot of uncertainty for investors, and one of the best ways to address it is by consulting reliable sources like the 11 investing books warren buffett wants you to read. Even now, he still spends about 80% of his day reading. The outsiders this is old news as this book was recommended by warren buffett in berkshire hathaways 2012 annual report. May 26, 2014 a dozen things ive learned about great ceos from the outsiders written by william thorndike may 26, 2014. Many of the distinctive tenets of warren buffetts unique approach to managing berkshire hathaway were first. While the chapter itself covers no new ground, its an able summary of the twin oracles of omaha, and offers a nearly uptodate performance record. In his 2012 letter to berkshires shareholders, buffett called the outsiders an outstanding book about ceos who excelled at capital allocation.
In his 2012 letter to berkshire hathaway shareholders, warren buffett casually recommended a book, by william n. May 08, 2014 the outsiders has also had a long tail, with sales continuing steadily over time, aided by warren buffetts recommendation last year in berkshire hathaways annual report. Your 2018 warren buffett book list the motley fool. I enjoyed the chapters on warren buffett and katharine graham the most. Books recommended by warren buffett score a books total score is based on multiple factors, including the number of people who have voted for it and how highly those voters ranked the book. You can keep everything for the small onetime payment. Billionaire warren buffett discusses the book that. An outstanding book about ceos who excelled at capital allocation. Feb 02, 2017 warren buffett started reading books about investing when he was just 7 or 8 years old. Learning from the outsiders investment masters class. How the outsiders became one of the most important business.
Luckily, we now have a onestop shop that provides book recommendations from hundreds of leaders, including bill gates, warren buffett, elon musk, and jeff bezos. Warren buffett, the thirdwealthiest person in the world, according to forbes. Eight unconventional ceos and their radically rational blueprint for success. Thorndike, and published in late 2012, the outsiders won a mention in warren buffetts annual report that year as being on the famed investors reading list. Warren buffett started reading books about investing when he was just 7 or 8 years old. If you want to build a company that generates incredible returns, this book should be on your required reading list. The outsiders is about 8 ceos who have enjoyed far better returns on company stock than their peers or the market due to their ability to allocate both financial and human capital. Warren buffett tracker how the outsiders became one of. I really liked this book because capital allocation rarely gets talked about at the csuite level from my experience. A book that details the extraordinary success of ceos who took a radically different approach to corporate management. What i liked most about william thorndikes book was the efficiency of it. How the outsiders became one of the most important.
One chapter is on director tom murphy, who buffett says is overall the best business manager ive ever met. It has received high praise in the industry, from hedge fund manager bill ackman, peyto ceo darren gee, and perhaps unsurprisingly warren buffett himself. Warren buffett one of the most important business books in america. In his 2012 shareholder letter, buffett praises the outsiders as an outstanding book about ceos who excelled at capital allocation. Buffett, along with seven others, are profiled in an interesting book, the outsiders by william thorndike, about ceos who have delivered the highest long term compounded returns to their shareholders in the last half century or so. One of my favourite books on capital allocation is the outsiders. Very worthwhile book for anyone who believes in the likes of warren buffett, the late katherine graham, etc.
Warren buffetts favorite business books business insider. Warren buffett ceoberkshire hathaway in his 2012 shareholder letter, buffett praises the outsiders as an outstanding book about ceos who excelled at capital allocation. In reply, buffett sent the microsoft founder his personal copy of business adventures, a collection of new yorker stories by john brooks. It has an insightful chapter on our director, tom murphy, overall the best. In 1991, bill gates asked buffett for his favorite book. Here is the book recounting the life and times of one of the most respected men in the world, warren buffett. So, if you want to explore the mind of billionaire investor warren buffett, here is a list of his top 10 book recommendations.
Mar 26, 20 inevitably, a book about capitalallocating ceos will include a chapter on warren buffett and charlie munger. This book looks at a group of ceos that performed extraordinarily well over long periods of time. Luckily for us, warren buffett, billionaire investor and berkshire hathaway ceo, has recommended a handful of books in several of his annual shareholder letters this past decade. According to berkshire hathaways shareholder letters and over two decades of interviews, these are the books that have guided buffetts financial wisdom. This is one few books recommended by warren buffett, and touches on one of the most skills of a ceocapital allocation. Youll get a free copy of the outsiders and three special bonus reports. Reutersrick wilking when warren buffett started his investing career, he would read 600, 750, or 1,000 pages a day. He also noted how it praised berkshire hathaway director tom. Heres a list of every book warren buffett has recommended. Named one of 19 books billionaire charlie munger thinks you should read in business insider. Which books changed warren buffetts way of thinking. The legendary omaha investor has never written a memoir, but now he has allowed one writer, alice schroeder, unprecedented access to explore directly with him and with those closest to him his work, opinions, struggles, triumphs, follies, and wisdom. The outsiders is an outstanding book about ceos who excelled at capital allocation, buffett wrote in 2012. Eight unconventional ceos and their radically rational blueprint for success, has been making the rounds at burgundy.
I knew it was going to be a great book, but it was sitting in my big pile all year until this past weekend. Buffett, who is featured in the book, called it an outstanding book about ceos who excelled at. Cities broadcasting and of course warren buffett of berkshire hathaway. Warren buffett, ceo of berkshire hathaway, loves to read. The book is more geared toward the buffetttype of longterm investor. Nov 03, 2016 in his 2012 shareholder letter, buffett praises the outsiders as an outstanding book about ceos who excelled at capital allocation. Through ebitda for john malone, cash earnings for dick smith, or insurance float for warren buffett, the outsiders got an understanding of their financial situation in a meaningful manner to better consider potential acquisitions. Eight unconventional ceos and their radically rational blueprint for success author. Forbes this book completely changed my business life. Buffett, who is featured in the book, called it an outstanding book. Which books changed warren buffett s way of thinking. May 08, 2019 what books made the most impact on warren buffett. Buffett, who is featured in the book, called it an outstanding book about ceos who excelled at capital allocation.
When he began his investing career, he would read 600 to 1,000 pages a day. In his 2012 shareholder letter, buffett praises the outsiders as an outstanding book about ceos who excelled at. Oct 11, 2017 luckily, we now have a onestop shop that provides book recommendations from hundreds of leaders, including bill gates, warren buffett, elon musk, and jeff bezos. The outsiders goodreads share book recommendations with. When warren buffett started his investing career, he would read 600, 750, or 1,000 pages of a book a day even now, he says he still spends about 80% of his day reading.
In his 2012 letter to shareholders, buffett recommended the outsiders, calling it an outstanding book about ceos who excelled at capital allocation. Mar 03, 2015 buffett, along with seven others, are profiled in an interesting book, the outsiders by william thorndike, about ceos who have delivered the highest long term compounded returns to their shareholders in the last half century or so. The outsiders has also had a long tail, with sales continuing steadily over time, aided by warren buffetts recommendation last year in berkshire hathaways annual report. When thorndike started the research that would lead to the outsiders, he. Eight unconventional ceos and their radically rational.
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