Ace investor Warren Buffett reveals the book that inspired him to invest in the stock market which eventually made him a billionaire. Buffett is an avid reader and never misses a chance to gain knowledge despite having billions in the bank. The leading investor spent most of his younger days reading financial books that equipped him with the right decision-making skills.
Also Read: 3 Reasons Why Other Countries Are Ditching the US Dollar
At the age of 56, Buffett became a billionaire and his wealth has only been increasing ever since. Despite the harsh realities of the stock market, his wealth grew tenfold becoming the richest investor to ever exist. In this article, we will highlight the book that helped Warren Buffett become a billionaire.
Also Read: Iranian Drones Sink Asian Markets: Will US Stocks Crash Today?
Warren Buffett Shares the First Book That Helped Him Become a Billionaire
Leading investor Warren Buffett revealed that Benjamin Graham’s The Intelligent Investor was the first financial self-help book he read at the age of 19 in 1950. The Berkshire Hathaway CEO explained that he was mesmerized by the book and decided to start investing in the stock market.
Also Read: Chinese Yuan Officially Outperforms the US Dollar
The Intelligent Investor by Benjamin Graham was first published in 1949 and became a best-seller at that time. It is still considered the greatest financial self-help book of all time even after seven decades of its release. Warren Buffett stressed that buying and reading The Intelligent Advisor book was the best investment he made at that time.
“I read the first edition of this book early in 1950 when I was nineteen. I thought then that it was by far the best book about investing ever written. He added, “I still think it is. Of all the investments I ever made, buying Ben’s book was the best,” Warren Buffett quipped.
Also Read: US Dollar Walks Proud, Stands Tall Despite Local Currency Threats
The Berkshire Hathaway CEO described that reading The Intelligent Investor book transformed his view of the US stock market. Buffett said that despite the book being nearly 75 years old, the contents in it can be applicable for another 100 years.