Warren Buffett and 11 Book Picks from His Bookshelf (WSJ)

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Warren Buffett book picks includes the following (According to a Wall Street Journal article):

The Intelligent Investor, by Benjamin Graham

Security Analysis, by Benjamin Graham

Common Stocks and Uncommon Profits, by Philip A. Fisher.

Business Adventures: Twelve Classic Tales from the World of Wall Street, by John Brooks.

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

Essays in Persuasion, by John Maynard Keynes.

The Little Book of Common Sense Investing, by Jack Bogle.

Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger, edited by Peter Kaufman.

The Most Important Thing: Uncommon Sense for the Thoughtful Investor, by Howard Marks.

The Outsiders, by William Thorndike Jr.

Dream Big, by Cristiane Correa.

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Warren Buffett (some highlights):

-85 years old

-Net worth of $62.8 USD Billion (As of 10/18/2015, world’s third richest man)

-Bought first stock at age 11: three preferred shares of Cities Service

-CEO and largest shareholder of Berkshire Hathaway

-Berkshire Hathaway (company worth $329.7 USD Billion; World’s 5th largest company)

-Berkshire Hathaway has class A and class B shares, class A is currently priced at $200,469 USD per share

-Berkshire Hathaway currently has ~60 companies (wholly owned), while it has numerous other publicly listed companies that it has invested in. I only included here top ten publicly listed companies Berkshire Hathaway owns (including its % in the portfolio).

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-Berkshire Hathaway just celebrated its 50th anniversary on May 2015 in Omaha, Nebraska (sharing some pictures me and wifey had).

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(and that will be hedge fund manager Whitney Tilson of Kase Capital (3rd picture) with ~$55 USD million total fund value and has at least ~$3.1 USD Million invested in Berkshire Hathaway; I just got lucky and was introduced by a good friend Ron-who is now running his own investment firm).

-You can become a shareholder of Berkshire too by buying its class B shares at today’s price of $133.81/share, only if you have access to U.S. listed shares (I personally think it is currently fairly valued right now).

-Berkshire Hathaway has never given any dividend since Warren Buffett took over. Warren Buffett claims that he can put Berkshire’s money at work and earn better return than just giving it back to its shareholders.

-True. If you’ve invested $1,000 USD with Buffett in Berkshire in 1964, that $1000 would have become $10,501,000 by 2014.

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A quote to go by

“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.” Warren Buffett

Disclosure: Long Berkshire Hathaway. Prices and value of certain data mentioned are as accurate as of 10/18/2015.


References

Berkshire Hathaway

Forbes

Business Insider

Bloomberg

Time

Wall Street Journal

Book pictures from Amazon

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