CEO Trey Rockerby, the founder of Better Butch, an American company that produces health-care beverages Kombucha, introduced four books on investment that were directly recommended by Warren Buffett, Chairman of Buckshire Hathaway, who is called a “investment guru”. .
According to CNBC on the 24th (local time), Rockerby CEO recently appeared on a podcast and released an investment guide recommended by Buffett several years ago. Rockerby, who was working as an options trader at the time, asked Buffett, “Aren’t the books Benjamin Graham wrote out of date?” Graham, who is called the’father of value investment’, is Buffett’s mentor. Despite being a somewhat provocative question, Buffett calmly replied, saying, “Please read Graham’s book again,” and “I recommend paying attention to the chapter on investment sentiment.”
Graham’s books Buffett recommended were Securities Analysis and The Smart Investor. 《Securities Analysis》, published in 1934, contains basic principles of value investment, such as’evaluating the intrinsic value of a company and making a profit by purchasing when the stock price is lower than the value of the company’. Buffett is one of the most affected books.
The Wise Investor, published in 1949, is a book that Buffett recommended several times. In a letter to shareholders in 2013, he praised, “My life is divided between before and after seeing “Smart Investor”. Buffett also recommended Money Game and Super Money by Adam Smith (real name George Goodman). The Money Game, published in 1968, is a book that compares the stock market to a’game field’ and examines the reasons why people are enthusiastic about stocks. 《Super Money》, released in 1972, gives a naked picture of the 1970s when the stock market plunged to the bottom. Buffett describes Super Money as equivalent to the pitching power of New York Yankees pitcher Don Larsen.
Reporter Park Sang-yong [email protected]
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