What sets Warren Buffer apart from his other contemporaries? In his own words, "The trick is to have a very long hill, which means starting very young or living … to be very old". The ‘Oracle of Omaha’ and his late partner Charlie Munger, always focussed on holding stocks for long periods to get better returns. But that can’t be the only thing that has helped him amass such an empire, that even at the age of 94, he is one of the richest and most successful people on the planet. While a lot depends on individual decision-making, some part of a person’s success also depends on the kind of literature he consumes and surrounds himself with. Genius only needs one thought or one idea to become the next thing. So while not all of us can become Warren Buffet, we can at least take notes from the books that the man himself refers to as ones that can help anyone become rich in 2025. Here are 5 books that one can read in 2025 to accumulate wealth and get rich. Image Source: X/@WarrenBuffet
Warren Buffet read this book for the first time when he was at Columbia University, being taught by Graham and Dodd. Buffett remarked, "The book and the men changed my life." Security Analysis imparts essential lessons in assessing a company's financial health, a crucial skill for making informed investment decisions.
The Great Crash is a book that analyzed in depth the 1929 stock market crash, and what factors influenced the event. The book is essential in the sense that it helps investors understand what not to do and how to avoid making similar mistakes. Warren Buffet publicly sang praises of this book during the annual Berkshire Hathaway meeting in 2020, as the global pandemic rapidly changed the financial landscape.
Next on the list is The Intelligent Investor by Benjamin Graham. This book is for anyone who is looking to establish their foothold in investment. As per Buffet, the book "precisely and clearly describes the proper framework" to make decisions that will help one to make sound investment decisions.
How does Warren Buffet weigh in on his investment choices- The Essays of Warren Buffet is all about that. The book consists of Buffett's annual letters to the shareholders of Berkshire Hathaway. The letters are a rare insight into the genius of Warren Buffet.
Last but not least is The Innovators, a book by Walter Isaacson that delves into how technology has brought monumental changes to various industries. Published in 2014, the book retraces the history of technology by exploring the lives and contributions of its pioneers, including Ada Lovelace, Alan Turing, Steve Jobs, and Bill Gates. Warren believes that for an understanding of the industry which is continuously reshaping, this book is extremely essential.