The book that changed Warren Buffett's life

Before you go, we thought you'd like these...
Before you go close icon
The Life of Investment Oracle Warren Buffett

"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."

Watch the full interview below:

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.

Discover more books that top business leaders think you should read:

8 PHOTOS
Books that business leaders recommend
See Gallery
Books that business leaders recommend

Seveneves by Neal Stephenson

Recommended by Bill Gates

BUY IT

How Not to be Wrong by Jordan Ellenberg

Recommended by Bill Gates

BUY IT

The Vital Question by Nick Lane

Recommended by Bill Gates

BUY IT

Sapiens: A Brief History of Humankind by Noah Yuval Harari

Recommended by Bill Gates

BUY IT

The Power to Compete by Ryoichi Mikitani and Hiroshi Mikitani

Recommended by Bill Gates

BUY IT

The Intelligent Investor by Benjamin Graham

Recommended by Warren Buffett

BUY IT

The Fountainhead by Ayn Rand

Recommended by Mark Cuban

BUY IT
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

More from AOL.com:
11 jobs that could make you a millionaire
The cheapest way to travel across the country
The cheaper quinoa substitute you haven't heard of

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners