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Buffett & Munger's Book Recommendations

Books they've recommended in shareholder letters, annual meetings, interviews, and lectures. The complete LLM-extracted list (~80 titles) is being processed; this page shows a hand-curated starter set in the meantime. Each card links to the corpus source where the recommendation appears, and to retailers where you can pick up a copy.

Books they recommended

Books Buffett or Munger have explicitly recommended in letters, meetings, interviews, or lectures.

The Intelligent Investor

Buffett

Benjamin Graham

The 1949 classic. Chapters 8 (Mr. Market) and 20 (margin of safety) are the most-cited single chapters in all of investing.

What they said

"By far the best book on investing ever written." Buffett has called Graham the second-most-influential person in his life after his father, and recommends Chapters 8 and 20 specifically.

Source: Multiple BRK letters; 1976 introduction Buffett wrote for the book

Security Analysis

Buffett

Benjamin Graham & David Dodd

Graham and Dodd's textbook — the foundation of value investing.

What they said

Buffett took Graham's class at Columbia in 1950 and credits this book with the framework he still uses 70+ years later.

Source: Berkshire 1984 letter; 1984 'Superinvestors of Graham-and-Doddsville' speech

Common Stocks and Uncommon Profits

Buffett

Philip Fisher

Fisher's qualitative complement to Graham's quantitative approach.

What they said

Buffett describes himself as "15% Fisher and 85% Graham." Fisher taught him to value scuttlebutt and qualitative business judgment.

Source: BRK 1969 partnership letter; multiple annual meetings

Where Are the Customers' Yachts?

Buffett

Fred Schwed

Wall Street satire from 1940 — still funny, still true.

What they said

"The funniest book ever written about investing." Buffett has recommended it nearly every annual meeting.

Source: BRK letters and meetings, multiple years

Business Adventures

Buffett

John Brooks

Twelve case studies of corporate America from a New Yorker journalist.

What they said

Buffett gave this book to Bill Gates as his favorite business book. Famously prompted Gates to track down a long-out-of-print copy and championed its 2014 reprint.

Source: Bill Gates blog post 2014; many BRK meetings

The Outsiders

Buffett

William Thorndike

Eight unconventional CEOs who massively outperformed the market.

What they said

Buffett called it "an outstanding book about CEOs who excelled at capital allocation." Tom Murphy of Capital Cities is profiled — a Buffett favorite.

Source: BRK 2012 annual letter

First a Dream

Buffett

Jim Clayton

Memoir of Jim Clayton, who built Clayton Homes (later acquired by Berkshire).

What they said

Famous origin story for the Clayton Homes acquisition — University of Tennessee MBA students gave Buffett a copy in 2003; he bought the company shortly after.

Source: BRK 2003 annual letter

The Habit of Labor: Lessons from a Life of Struggle and Success

Buffett

Stef Wertheimer

Memoir of Stef Wertheimer — German-born Israeli industrialist who founded ISCAR (acquired by Berkshire in 2006 / 2013).

What they said

"There's no better way to explain the miracle of Israel than to examine the amazing life of Stef Wertheimer… a story to be read by everyone." Buffett's endorsement runs on the book's cover; ISCAR was Berkshire's first non-US acquisition (80% in 2006 for $4B, balance in 2013).

Source: Buffett cover blurb; BRK 2006 & 2013 annual letters (Iscar acquisition)

Influence: The Psychology of Persuasion

Munger

Robert Cialdini

Cialdini's six principles of persuasion — reciprocity, commitment, social proof, authority, liking, scarcity.

What they said

Munger sent Cialdini Berkshire Class A shares as a thank-you. Considered Cialdini's framework foundational to his "psychology of human misjudgment" thinking.

Source: Munger's 1995 'Psychology of Human Misjudgment' speech; multiple DJCO meetings

Guns, Germs, and Steel

Munger

Jared Diamond

Pulitzer-winning explanation of why some societies developed faster than others.

What they said

Munger's go-to recommendation for understanding multidisciplinary thinking applied at civilizational scale.

Source: Multiple DJCO annual meetings

The Selfish Gene

Munger

Richard Dawkins

Dawkins reframes evolution from the gene's-eye view.

What they said

Munger has cited Dawkins repeatedly as the lens for understanding incentives and replicator dynamics in economic systems.

Source: Multiple DJCO meetings; Poor Charlie's Almanack

Deep Simplicity

Munger

John Gribbin

Chaos theory and complexity for the general reader.

What they said

Munger called it one of the best science books for non-scientists; recommended for understanding lollapalooza effects.

Source: DJCO 2007 / 2008 annual meetings

Titan: The Life of John D. Rockefeller, Sr.

Buffett & Munger

Ron Chernow

Definitive biography of Rockefeller — model of capital allocation and corporate strategy.

What they said

Both Buffett and Munger have recommended Chernow's biographies repeatedly — Titan and Hamilton in particular as case studies in long-term thinking and capital allocation.

Source: BRK 2008 annual meeting; multiple Munger DJCO

Models of My Life

Munger

Herbert Simon

Autobiography of the polymath who won the Nobel for bounded rationality.

What they said

Munger has called Simon one of his intellectual heroes; cites him on the limits of rational decision-making.

Source: DJCO meetings; 2017 U Michigan Ross talk

How to Win Friends and Influence People

Buffett

Dale Carnegie

1936 self-help classic. Buffett took the Dale Carnegie course at age 20.

What they said

Buffett still has his Dale Carnegie graduation diploma on his office wall — credits the course with overcoming his fear of public speaking.

Source: Multiple interviews; 'The Snowball' biography

The Snowball

Buffett & Munger

Alice Schroeder

The authorized Buffett biography (Buffett gave Schroeder unprecedented access).

What they said

Recommended at multiple meetings for understanding Buffett's life and the formative experiences behind his investment philosophy.

Source: BRK 2008 annual meeting

Buffett: The Making of an American Capitalist

Buffett

Roger Lowenstein

Earlier Buffett biography (1995) — Lowenstein's reporting before The Snowball.

What they said

Buffett has called Lowenstein's reporting accurate and recommended this book for the pre-1995 era of his career.

Source: Various interviews

Books about them

Biographies, journalism, and frameworks built around Buffett & Berkshire. Catalog entries only — full text is not indexed for searching since these are in-copyright commercial works (see note at the bottom).

The Snowball

biography

Alice Schroeder

The most comprehensive Buffett biography; written with Buffett's cooperation and unprecedented access.

Schroeder spent 5+ years interviewing Buffett, his family, and lifelong colleagues. Considered the definitive biographical record.

Buffett: The Making of an American Capitalist

biography

Roger Lowenstein

Probably the best concise Buffett biography (1995).

Lowenstein's reporting predates The Snowball; sharper writing, more focused on the investing arc through the early 1990s.

Tap Dancing to Work

journalism

Carol Loomis

Fortune articles and interviews on Buffett over decades.

Loomis edited Buffett's annual letters for 40+ years; this collection gathers her Fortune coverage from the 1960s on. Source of the title's now-iconic 'tap dance to work' line.

Of Permanent Value

reference

Andrew Kilpatrick

Huge Buffett/Berkshire reference work; more encyclopedia than narrative.

Multi-volume compendium of every notable Buffett event, deal, and quote. Updated through ~2018; the comprehensive reference for serious Berkshire research.

The Warren Buffett Way

framework

Robert Hagstrom

Popular investing-framework book built around Buffett's approach.

First widely-read systematization of Buffett's investment criteria into a teachable framework. Often the entry point for new value investors.

The Warren Buffett CEO

case study

Robert Miles

Focuses on Berkshire operating company managers.

Profiles the people Buffett trusts to run Berkshire's subsidiaries (Tony Nicely at GEICO, Tom Murphy, Rose Blumkin, etc.). Underrated angle on Berkshire's decentralized model.

The Money Masters

framework

John Train

Classic chapter on Buffett; one of the early mainstream treatments (1980).

Train's Buffett chapter introduced him to a wider audience early. Includes profiles of Graham, Templeton, and other masters.

The New Money Masters

framework

John Train

Follow-up with Buffett included again.

Train's 1989 follow-up; Buffett returns alongside newer master investors.

Li Lu's Recommended Books

Li Lu (Himalaya Capital) is obviously not formally associated with Berkshire, but he was Munger's investment partner for 20 years (Munger called him “the only person I've ever given money to manage”) and translated Poor Charlie's Almanack into Chinese. He maintains a long recommended-reading list on his website, reproduced here in its entirety. Chinese-language-only editions are listed without affiliate links (Amazon US doesn't carry them).

I. Science, Philosophy, Evolution, History of Human Civilization

II. Chinese Civilization, History, and Culture

  • 1.
    先秦诸子系年 (A Chronological Study of Pre-Qin Philosophers)钱穆 / Qian Mu(2001)
    Chinese only
  • 2.
    中华文化十二讲 (Twelve Lectures on Chinese Culture)钱穆 / Qian Mu(2013)
    Chinese only
  • 3.
    史记 (Records of the Grand Historian, vernacular ed.)司马迁 / Sima Qian(2016)
    Chinese only
  • 4.
    白话二十五史精选 (Selected Vernacular 25 Histories)李解民 et al.(2009)
    Chinese only
  • 5.
    四书章句集注 (Collected Commentaries on the Four Books)[宋] 朱熹 / Zhu Xi (ed.)(2006)
    Chinese only
  • 6.
    Waiting for the DawnWilliam Theodore de Bary(1993)
  • 7.
    The Liberal Tradition in China (Neo-Confucian Studies)William Theodore de Bary(1983)
  • 8.
    Approaches to the Asian ClassicsWilliam Theodore de Bary & Irene Bloom (eds.)(1990)
  • 9.
    A Source Book in Chinese PhilosophyWing-Tsit Chan(1969)
  • 10.
    万古江河 (Rivers Through the Ages: Turns and Unfoldings of Chinese History and Culture)许倬云 / Cho-yun Hsu(2017)
    Chinese only
  • 11.
    黄宗羲全集 (Complete Works of Huang Zongxi)黄宗羲 / Huang Zongxi(2012)
    Chinese only
  • 12.
    余英时文集 (Collected Works of Yu Ying-shih)余英时 / Yu Ying-shih(2014)
    Chinese only
  • 13.
    思想与人物 (Thoughts and Figures)林毓生 / Lin Yusheng(1983)
    Chinese only
  • 14.
    曾国藩全集 (Complete Works of Zeng Guofan)曾国藩 / Zeng Guofan(1994)
    Chinese only
  • 15.
    万历十五年 (1587, A Year of No Significance)黄仁宇 / Ray Huang(1997)
  • 16.
    天安门:知识分子与中国革命 (The Gate of Heavenly Peace)史景迁 / Jonathan D. Spence(1998)
  • 17.
    The Search for Modern ChinaJonathan D. Spence(1991)
  • 18.
    中国官僚政治研究 (A Study of Chinese Bureaucratic Politics)王亚南 / Wang Yanan(1981)
    Chinese only
  • 19.
    中国人的精神 (The Spirit of the Chinese People)辜鸿铭 / Gu Hongming(1998)
  • 20.
    中国原生文明启示录 (Revelations of China's Original Civilization)孙皓晖 / Sun Haohui(2016)
    Chinese only

III. China's Contemporary Economic Reform and Development

  • 1.
    资本主义与二十一世纪 (Capitalism and the 21st Century)黄仁宇 / Ray Huang(2006)
  • 2.
    中国经济史 (Chinese Economic History)钱穆 / Qian Mu(2013)
    Chinese only
  • 3.
    Deng Xiaoping and the Transformation of ChinaEzra F. Vogel(2013)
  • 4.
    中国经济改革进程 (China's Economic Reform Process)吴敬琏 / Wu Jinglian(2018)
    Chinese only
  • 5.
    解读中国经济 (Demystifying the Chinese Economy)林毅夫 / Justin Yifu Lin(2014)
  • 6.
    杨小凯学术文库 (The Academic Works of Yang Xiaokai)杨小凯 / Yang Xiaokai(2018)
    Chinese only
  • 7.
    超常增长:1979–2049 年的中国经济 (Extraordinary Growth: China's Economy 1979–2049)史正富 / Shi Zhengfu(2013)
    Chinese only
  • 8.
    伟大的中国工业革命 (The Great Chinese Industrial Revolution)文一 / Yi Wen(2016)
  • 9.
    李光耀回忆录:我一生的挑战——新加坡双语之路 (My Lifelong Challenge: Singapore's Bilingual Journey)李光耀 / Lee Kuan Yew(2013)
  • 10.
    Lee Kuan Yew: Hard Truths to Keep Singapore GoingHan Fook Kwang et al.(2015)
  • 11.
    The Singapore Story: Memoirs of Lee Kuan Yew (1923–1965)Lee Kuan Yew(1998)
  • 12.
    From Third World to First: The Singapore Story 1965–2000Lee Kuan Yew(2000)
  • 13.
    浩荡两千年:中国企业公元前 7 世纪—1869 年 (Two Thousand Years: Chinese Enterprise 7th c. BC – 1869)吴晓波 / Wu Xiaobo(2012)
    Chinese only
  • 14.
    沉默的大多数 (The Silent Majority)王小波 / Wang Xiaobo(2017)
    Chinese only

IV. Value Investing, Finance, and Capitalism

V. History of Western Civilization

VI. Biography and Others

A note on copyrighted books

The corpus search only indexes public-domain or permissively-licensedmaterial — Berkshire's public shareholder letters, SEC filings, public-domain BPL letters, CNBC/YouTube transcripts of public events, and Stripe Press's freely- licensed Poor Charlie's Almanack. We deliberately do not index in-copyright commercial books like The Snowball, Tap Dancing to Work, or Of Permanent Value. To do so for a public, ad-supported site would almost certainly fail fair-use analysis and harm the books' sales. They're shown above as catalog entries with affiliate buy-links — read them by buying them.

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