Also read the following related article by Business Editor Kabous le Roux:
The sage of Omaha, Warren Buffett, had the following book recommendations to offer at his annual Berkshire Hathaway shareholders meeting on the weekend. It is an event that attracts more than 35 000 people every year — including a host of South African investment managers, many of whom make it an annual pilgrimage.
Warren Buffett's book recommendations:
- Tap Dancing to Work — Warren Buffett on Practically Everything, 1966-2012 — Carol Loomis
- The Outsiders — Eight Unconventional CEOs and their Radically Rational Blueprint for Success — William Thorndike
- The Clash of the Cultures — Investment vs. Speculation — Jack Bogle
- Investing Between the Lines: How to Make Smarter Decisions by Decoding CEO Communications — Linda Rittenhouse
This is what our investment professionals had to say about them:
Patrice Rassou, SIM head of equities:
The Clash of the Cultures — Investment vs. Speculation — Jack Bogle
"As one of the doyens of the investment industry, I always enjoy Jack Bogle’s words of wisdom. Many of his cautious words resonated with me — he distinguishes between short-term trading (or speculation) and long-term investing based on the intrinsic value of a company. It’s something I definitely apply in my own investment style and I believe most investors should heed carefully."
Kokkie Kooyman, award-winning fund manager at SIM Global:
"I haven’t read any of the above but can recommend 20 others. A few that come to mind are:
- Buffett: The Making of an American Capitalist — Roger Lowenstein
- The Big Short: Inside the Doomsday Machine — Michael Lewis
- Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger — Janet Lowe
Article continues on page two: 2 principles worth remembering...