Warren Buffett recommends these 5 books—now you can listen to them for free on Spotify (2024)

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Warren Buffett recommends these 5 books—now you can listen to them for free on Spotify? ›

Warren Buffett is by all accounts a voracious reader and he has recommended many books over the years in his annual letter and elsewhere. One that he has often credited with playing a major role in his own success is "The Intelligent Investor" by Benjamin Graham, a 1949 classic that remains in print to this day.

Warren Buffett is by all accounts a voracious reader and he has recommended many books over the years in his annual letter and elsewhere. One that he has often credited with playing a major role in his own success is "The Intelligent Investor" by Benjamin Graham, a 1949 classic that remains in print to this day.

As of the end of the fourth quarter of 2023, 66 hedge funds out of the 933 funds tracked by Insider Monkey had stakes in Occidental Petroleum Corp (NYSE:OXY). In addition to Occidental, Buffett also likes Apple Inc. (NASDAQ:AAPL), Coca-Cola Co (NYSE:KO) and Chevron Corp (NYSE:CVX).

I read annual reports, and I read a lot of other things, too. So, I've always enjoyed reading. I love reading biographies, for example.” – Warren Buffett. So Buffett says he reads around 5-6 hours daily, including newspapers, magazines, 10Ks, annual reports, and biographies.

Indeed, the Oracle of Omaha has said that he spends "five or six hours a day" reading books and newspapers. And while it may be difficult to set aside nearly a full work day's worth of hours to read, it recently got a little bit easier to consume information like Warren Buffett.

Bill Gates, Barack Obama, Jack Ma, Elon Musk, Oprah Winfrey – they are all successful in their respective careers, and they have one thing in common – all of them follow the 5-hour rule. This means allotting one hour per weekday for reading and learning (e.g. online courses).

If you have a Premium subscription, you'll be able to listen to 15 hours of audiobooks for free per month. With the average audiobook running about eight to 12 hours long, Spotify Premium members have the opportunity to listen to at least one whole book for free every month—possibly more.

The LibriVox AudioBook app makes it easy to search the LibriVox catalog of free audio books. You can browse by title, author or genre, look at new recordings, or search by key word. Because the books are free, you can listen to as much or as little of a book as you like with no cost.

Premium Individual subscriptions include 15 hours of audiobook streaming monthly from our catalogue of over 250,000 titles. Explore Premium plans here.

What is Warren Buffett buying now? ›

Warren Buffett Buys More OXY Stock

In fact, the firm has been making waves as it builds an increasingly large stake in Occidental Petroleum (OXY). Berkshire previously received regulatory approval to purchase up to 50% of the oil giant. And in the most recent quarter the firm added a further 19 million shares of OXY.

The Buffett Rule is the basic principle that no household making over $1 million annually should pay a smaller share of their income in taxes than middle-class families pay. Warren Buffett has famously stated that he pays a lower tax rate than his secretary, but as this report documents this situation is not uncommon.

Tesla Inc.

Tesla is the most valuable U.S. electric vehicle maker with a market cap of $482 billion. In March 2022, Pelosi purchased 2,500 shares of Tesla by exercising 25 call options with a strike price of $500. Pelosi had purchased those call options way back in December 2020.

Warren Buffett reportedly has an IQ of over 150 (anything past 140 is considered a genius), and while it has, no doubt, helped him become one of the world's richest men, the lesson here is to value emotional intelligence (EQ) just as highly.

Buffett doesn't limit building up his knowledge to books alone. He reads six newspapers a day, including The Wall Street Journal, Financial Times, The New York Times, USA Today, Omaha World-Herald, and American Banker. Whether or not you have time for such an ambitious goal is largely irrelevant.

Buffett spends 80% of his day reading

Supposedly, in the early days of Buffett's investment career, he would read 600-1000 pages in a single day. Nowadays, he still dedicates 80% of his day to reading. “Read 500 pages… every day.

Bill Gates primarily reads non-fiction books dealing with society, technology, and science issues, but he also enjoys reading sci-fi.

I would recommend reading Intelligent Investor first. It was written slightly more recently (1949) than Security Analysis (1934). More important is that a recently revised edition* of Intelligent Investor was published. The preface and appendix were written by Warren Buffett.