6. Where Are The Customers' Yachts? By Fred Schwed

"The Funniest Book Ever Written About Investment" according to Warren Buffet, is a story about a visitor in New York who was amused by the number of yachts parked at the harbor. Upon asking about the owners, he was told that they all belonged to bankers from the wall street. And when he asked where the customers parked theirs, there was no answer to them, except, that they couldn't afford any. A quirky comparison of investment schedules and the outcomes of these transactions, 'Where Are The Customers' Yachts' is a complete pandemonium of sarcastic relevance in the investment industry. Explains why Warren Buffet calls it a humorously great read.

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Author: Fred Schwed

Year Of Release: 1940

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7. Poor Charlies Almanac: The Wit & Wisdom Of Charles T. Munger Edited By Peter Kaufman

A collection of speeches and other texts by Charlie Munger, the Right-Hand Man of Warren Buffet for over 50 years, is a time-defying anthology. True to the words of Warren Buffet himself, "you'll never find a book with more useful ideas", it talks about the behavioral traits of investors and how can they cause more harm than good to themselves at times. The book is a set of facts about the less informal approach of Mr. Munger in keeping the troubled waters away from Warren Buffet. When he wanted to sail through these and confront them up close the dangers lying in wait.

Author: Peter Kaufman

Year Of Release: 2005

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8. The Outsiders By William Thorndike Jr.

A book that has continuously enjoyed the stance of a Hot Cake in the market, is an "Outstanding Book" according to Warren Buffet. Also mentioned in his 2012 Annual Letter, "The Outsiders" is a classical approach towards decision making and other business handling capabilities of an efficient leader or manager. Quoting that the most pivotal aspect of a successful business operation is controlling the cash-outflow, William Thorndike states that the best managers are those who do this the best. By using funds in a manner that increases revenue and at the same time, provides for all the needs at hand. A useful and interesting read for all, "The Outsiders" is an essential entry in this list.

Author: William Thorndike Jr.

Year Of Release: 2012

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9. The Little Book Of Common Sense Investing By John C. Bogle

In the sixth book by Bogle, he explains that the simplest and efficient way of investing is by maintaining a "classical index fund". Stating that it's the only market portfolio that guarantees stock market returns, this book elaborates a similar practice obeyed by Mr. Bogle in turning profits for his clients during the time he built the Vanguard Group. One of the most promising works of Mr. Bogle, The Little Book Of Common Sense Investing is sure to churn out some useful ideas for your business investment strategy.

Author: John C. Bogle

Year Of Release: 2007

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10. The Most Important Thing: Uncommon Sense For The Thoughtful Investor, By Howard Marks

"This is that rarity, a useful book" words by Warren Buffet are true to every inch for this book. This insightful assessment of market opportunity & risk By Howard Marks, the Chairman and Co-founder of Oaktree Capital Management, brims with tried & tested tactics and fundamental philosophy that is sought after by a number of investors across the globe. With passages taken from his memos, Marks teaches by example, detailing the development of an investment philosophy that fully acknowledges the complexities of investing and the perils of the financial world. Much needed in the volatile investment folio of today, this book is a founding stone in making essential investment decisions nowadays.

Author: Howard Marks

Year Of Release: 2011

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A man is by his words, the words he reads and the words he comes up with. The same is the case with Warren Buffet. His wisdom, his prominent personality, his aura is not a brainchild of nature but of legendary works and intelligence that he came about in the course of time.

He is known for his knowledge and experience, but little do people know that this knowledge and experience is what's reflected in his bookshelf. Even after a brief glance at everything stated in these books, you can soak in the gist of his ideology.

So go ahead and seek the wisdom of the mighty Warren Buffet, because "What counts for most people in investing is not how much they know, but rather how realistically they define what they don't know" - Warren Buffet!

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10 Books From The Shelf Of Warren Buffet To Help You Become A Master Of Investment