The book that changed Warren Buffett's life
"One of the luckiest days" of Warren Buffett's life was when 19-year-old Buffett stumbled upon Benjamin Graham's 'The Intelligent Investor' in 1949. In an interview a few years ago, the multi-billionaire expressed his admiration and respect for the book -- and the author behind it.
"This book not only changed my investment philosophy -- it really changed my whole life."
He shares in the interview: "I'd be a different person in a different place if I hadn't foreseen that book. I got a bedrock of investment philosophy that really hasn't changed ever since I read the book. It was Ben's ideas that sent me on the right path."
However, Buffett's connection to Benjamin Graham and his book didn't stop there. He continues that a year after reading 'The Intelligent Investor' he applied to Columbia University where Graham was his professor during his second semester. Buffett then worked for Ben in his first job after graduation, where a 25-year friendship developed until Graham passed away in 1976.
"I got inspired working for [Ben] just being around him every day."
Of the books power and knowledge of investing, he explains: "To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must provide the emotional discipline."
Feeling inspired yet? Pick up a copy on Amazon and get on the road to success like 19-year-old Mr. Buffett. You never know -- today may be one of the "luckiest days" of your life, too.
Watch the full interview below:
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