8 Books Warren Buffett Tells Millionaires to Read

8 Books Warren Buffett Tells Millionaires to Read
The billionaire icon’s must-reads will make you deeply skeptical about Wall Street, and more confident of your own investment abilities.

 BY GEOFFREY JAMES Contributing editor, Inc.com

I’ve previously posted reading recommendations from Steve JobsBill Gates and Elon Musk, all of whom are legendary high tech entrepreneurs. Warren Buffett is a different sort of icon: a true pioneer of investment philosophy.
Not surprisingly, Buffett’s recommendations are almost entirely about investing. Read between the lines, though, and you can sense the avuncular, knowing smile hiding behind his wry choices.
Unlike the “how to get rich” tomes typical of the investment genre, Buffett’s must-reads are subversively critical of Wall Street and its culture. He advises the would-be millionaire to become, when investing, an entrepreneur rather than a mere customer.

1. BUSINESS ADVENTURES

Subtitle: Twelve Classic Tales From the World of Wall Street
Summary: The New Yorker‘s coverage of business has always gone far beyond reportage and raised business writing to the level of fine art. Of the many talented authors who’ve written for the magazine over the decades, John Brooks stands out asa master of the well-told tale that both informs and entertains. These are some of his best stories, told with insight and a sharp understanding of human foibles.
Best Quote: “The stock market — the daytime adventure serial of the well-to-do –would not be the stock market if it did not have its ups and downs. Any boardroom sitter with a taste for Wall Street lore has heard the retort that J.P. Morgan the Elder is supposed to have made to a naive acquaintance who had ventured to ask the great man what the market was going to do. ‘It will fluctuate,’ replied Morgan dryly. And it has many other distinctive characteristics. Apart from the economic advantages and disadvantages of stock exchanges — the advantage that they provide a free flow of capital to finance industrial expansion, for instance, and the disadvantage that they provide an all too convenient way for the unlucky, the imprudent, and the gullible to lose their money — their development has created a whole pattern of social behavior, complete with customs, language, and predictable responses to given events.”

2. COMMON STOCKS AND UNCOMMON PROFITS

Author: Philip A. Fisher
Summary: The classic guide to picking stocks based upon informed research. More than any other, this book seems to encapsulate Buffett’s overall investment philosophy. It’s also one of the few books written before the invention of the internet that actually has become more relevant since.
Best Quote: “Most people, particularly if they feel sure there is no danger of their being quoted, like to talk about the field of work in which they are engaged and will talk rather freely about their competitors. Go to five companies in an industry, ask each of them intelligent questions about the points of strength and weakness of the other four, and nine times out of ten a surprisingly detailed and accurate picture of all five will emerge. However, competitors are only one and not necessarily the best source of informed opinion. It is equally astounding how much can be learned from both vendors and customers about the real nature of the people with whom they deal.”

3. DREAM BIG

Author: Cristiane Correa
Summary: In the United States there are about dozen business icons — Jobs, Welch, Gates, and so forth — whose personal stories continue to inspire entrepreneurs. The rest of the world, however, looks to other mythmakers and inspirations. In South America there are no entrepreneurs more iconic than Jorge Paulo Lemann, Marcel Telles, and Beto Sicupira. Together they built the biggest business empire in Brazilian history, making themselves into billionaires while making at least a thousand of their employees into millionaires.
Best Quote: “In less than two decades, they had transformed a regional brewer with a strong name and feeble results, Brahma, into the biggest company in the sector at a global level. All this had been achieved by repeating ad nausea the mantras of the corporate culture Lemann had adopted at the beginning and then spread to all the company in which they invested: meritocracy, relentless cost control, hard work, and a lot of pressure that not everyone could endure. There were no perks or status symbols. However, for the best — people like Brito, Thompson, and Dutra — the opportunities gave them the chance to become business partners.”

4. THE LITTLE BOOK OF COMMON SENSE INVESTING

Subtitle: The Only Way to Guarantee Your Fair Share of Stock Market Return
Author: Jack Bogle
Summary: Essentially a detailed argument for diversification, especially in the form of index funds, hopefully with low management fees.
Best Quote: “[There is] a profound conflict of interest between those who work in the investment business and those who invest in stocks and bonds. The way to wealth for those in the business is to persuade their clients, ‘Don’t just stand there. Do something.’ But the way to wealth for their clients in the aggregate is to follow the opposite maxim: ‘Don’t do something. Just stand there.’ For that is the only way to avoid playing the loser’s game of trying to beat the market.”

5. THE MOST IMPORTANT THING

Subtitle: Uncommon Sense for the Thoughtful Investor
Author: Howard Marks
Summary: This book is the counterargument to the “common sense” theory of investing. Rather than trying to simplify investing, the author successfully does the opposite, showing how high-level investing requires the balancing of many complex factors. Fortunately, the author lays out these complexities in a methodical manner, thereby making them as easy to understand as possible.
Best Quote: “What, exactly, is ‘the most important thing’? In July 2003, I wrote a memo with that title that pulled together the elements I felt were essential for investment success. Here’s how it began: ‘The most important thing is X.’ And then ten minutes later it’s ‘The most important thing is Y.’ And then Z, and so on. All told, the memo ended up discussing eighteen ‘most important things.’ Since that original memo, I’ve made a few adjustments in the things I consider ‘the most important,’ but the fundamental notion is unchanged: they’re all important. Successful investing requires thoughtful attention to many separate aspects, all at the same time. Omit any one and the result is likely to be less than satisfactory.”

6. THE INTELLIGENT INVESTOR

Author: Benjamin Graham
Summary: Attentive readers have no doubt noticed that The Little Book of Common Sense Investing and The Most Important Thing espouse diametrically opposed investment philosophies. If you imagine those two books as the two sides of an archway, The Intelligent Investor is the keystone that holds them both aloft. This book explains that while effort is necessary to get better results than one could from an index fund, the subject is not so arcane that only experts need attempt it.
Best Quote: “The art of investment has one characteristic that is not generally appreciated. A creditable, if unspectacular, result can be achieved by the lay investor with a minimum of effort and capability; but to improve this easily attainable standard requires much application and more than a trace of wisdom. If you merely try to bring just a little extra knowledge and cleverness to bear upon your investment program, instead of realizing a little better than normal results, you may well find that you have done worse.”

7. THE OUTSIDERS

Author: William Thorndike Jr.
Summary: In this coming-of-age classic, the teenaged Ponyboy learns the true meaning of friendship when… Whoops! Wrong “Outsiders.” Rewind. In this getting-of-wealth classic, the middle-aged William learns the true meaning of leadership by studying eight CEOs who succeeded despite flouting conventional wisdom.
Best Quote: “CEOs, like professional athletes, compete in a highly quantitative field, and yet there is no single, accepted metric for measuring their performance, no equivalent or ERA for baseball pitchers, or complication rate for surgeons, or goals against average for hockey goalies. The business press doesn’t attempt to identify the top performers in any rigorous way. Instead, they generally focus on the largest, best-known companies, the Fortune 100, which is why the executives of those companies are so often found on the covers of the top business magazines. The metric that the press usually focuses on is growth in revenues and profits. It’s the increase in a company’s per share value, however, not growth in sales or earning or employees, that offers the ultimate barometer of a CEO’s greatness. It’s as if Sports Illustratedonly put the tallest pitchers and widest goalies on its cover.”

8. WHERE ARE THE CUSTOMERS’ YACHTS?

Author: Fred Schwed
Summary: The title of this vastly entertaining exposé refers to a visitor to a Wall Street firm who, after seeing photos of the brokers’ various yachts, asked “Where are the customer’s yachts?” The point being, of course, that stock brokerages are set up to make brokers rich, often at the expense of their customers. What’s fascinating, and also unsettling, is that this book was originally published six decades ago, thereby making it a perfect illustration of the adage “No one ever went broke underestimating the intelligence of the American public.”
Best Quote: “Customers have an unfortunate habit of asking about the financial future. Now, if you do someone the single honor of asking him a difficult question, you may be assured that you will get a detailed answer. Rarely will it be the most difficult of all answers — ‘I don’t know.'”

Self Publishing – Why Choose Elite Online Publishing

Self Publishing – Why Choose Elite Online Publishing

Self Publishing – Why Choose Elite Online Publishing

OUR MISSION IS TO MAXIMIZE VALUE FOR OUR AUTHORS WITH BOOK PUBLISHING & MARKETING
OUR COMPETITIVE  ADVANTAGE
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With an exclusive Virtual online launch party using all aspect of technology and special algorithms…  with the goal to sell books and push your book to top-seller status.”

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Too many writers lose control of their work to publishers. As a result they never see their work advance beyond the initial print run, which results in a lost opportunity and revenue.

At Elite Online Publishing, you are in the driver’s seat to control all your content and keep all the rights to your book. You can make changes at any time, set the retail price and order books directly.

7 Books Everyone Should Read

7 Books Everyone Should Read

7 Books Everyone Should Read

The book you don’t read won’t help.
June 26, 2016
There is very little difference between someone who cannot read and someone who will not read. The result of either is ignorance. Reading is essential for those who seek to rise above the ordinary. We must not permit anything to stand between us and the book that could change our lives.9
You can start with these seven books and see where the journey of reading takes you, how much higher you can climb because of the growing stack of books under your feet. Read, read read—and let the books touch you, make you think, challenge your views and carry you to new horizons.

1. The Bible

The best-selling book of all time tells the story of sin and redemption, the story of mankind, of despair and hope. It is quite literally the story of our lives.

2. Think and Grow Rich by Napoleon Hill

This is arguably the best personal development and wealth building book of all time. It belongs on everyone’s bookshelf.2

3. How to Read a Book by Mortimer Adler2

This book will teach you to do just what the title promises: how to read a book for all it is worth so that you come out the best you can be at the end.

4. As a Man Thinketh by James Allen

This book will ground you in the belief that whatever you believe you become. It’s based on the idea that we are what we think.

5. The Richest Man in Babylon by George S. Clason

Written in parables, this is a classic on thrift, financial planning and personal wealth. Everyone needs to read this book.

6. The Lessons of History by William James Durant

This book gives insight as good as any book on the changes that have taken place over time in economics, politics, military customs and more—very insightful.

7. The Story of Philosophy by William James Durant4

In this book, Durant summarizes the lives and influence of philosophy’s greatest thinkers. This is very important for us, as we know that our philosophy determines how we live and what we achieve.

Business Innovators Radio Network

Business Innovators Radio Network

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JENN FOSTER: Online Marketing Expert and Co-Host of Elite Insider Expert Podcast

Jenn Foster is one of today’s national leading online and mobile marketing experts, is the founder and CEO of Biz Social Boom, a company dedicated to helping business owners of all sizes thrive in today’s highly technical world of product and service promotion.  From local brick and mortar stores to online entities to large international corporations, Jenn’s years of experience and expertise has helped hundreds become front page news on all the major search engines.  She is dedicated to helping businesses use powerful new online and mobile marketing platforms to get visibility, traffic, leads, customers and raving fans.

A graduate of Utah State University, Jenn is an award winning web designer, author and sought after speaker.  She has been a featured speaker at such events as the Kim Flynn’s Internet Marketing Boot Camp, Utah Crowd Funding Association, and the Sandy Area Chamber of Commerce and the among others.  She was also an expert guest on Keith Shannon’s Expert Authority Podcast, The Teach Jim Show on Blog Talk Radio.

To Learn More:

http://jennfosterseo.net

Podcasts

Elite Expert Insider: http://jennfosterseo.net/elite-expert-insider-podcast/

Hot Chicks Write Hot Books: http://jennfosterseo.net/hot-chicks-podcast/

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About Tamara “Tami” Patzer

Tamara “Tami” Patzer is a No. 1 best selling author, publisher, and video producer at Blue Ocean Authority. She is a popular host at Business Innovator Radio and recently surpassed 100 interviews. She is also the creator o Creativity Sparks Journal, Spiritual Destination, Angel Talk Show and Clicks! Radio. She works with authors, influencers, innovators, and trendsetters who offer professionals services. Tami teaches Social Media and Marketing courses at Florida Gulf Coast University.

Elite Expert Insider podcast New Episodes

Elite Expert Insider podcast New Episodes

The Elite Expert Insider Podcast has 3 new episodes!

The Elite Expert Insider podcast has arrived, giving you an inside to expert entrepreneurs. Hosted by Melanie Johnson  and Jenn Foster, each episode will feature an interview with leading experts, authors & entrepreneurs—from what’s the top marketing tools for business-  to who’s making it to success- to what everyone is talking about around social media. Subscribe on iTunes so you don’t miss an episode!

ELITE EXPERT Insider  is a weekly podcast that educates, inspires and motivates entrepreneurs, innovators and growth seekers. Hosts Melanie Johnson and Jenn Foster, owners of Elite Online Publishing, will bring you conversations from business, personal development to health and fitness. They will chat with special guests, industry leaders, authors, business and marketing experts and just darn interesting people.  It’s the show that will up your game!

Episode #4

Lexi QuisenberryBecoming a Young Mother – Lexi Quisenberry

Melanie Johnson & Jenn Foster Interview – Lexi Quisenberry New Author Becoming a Young Mother. Lexi Quisenberry is a proud mother and wife. She is an author, entrepreneur and business owner. The President of All Out Media LLC. an online advertising and marketing company. She is devoted to helping struggling moms with finding faith and purpose. The new Author of Becoming a Young Mother: The Ultimate Guide For Young Mothers on How to Overcome Criticism, Gain Confidence, Build Faith, Find Your Purpose, and Conquer Motherhood. She is a mother of two happy and thriving children. She was born and raised in Houston, Texas. A Devoted Christian and passionate mother, Mrs Quisenberry lives a healthy lifestyle, loves to cook and entertain. She enjoys traveling and being outdoors.

Episode #5

mica mosbacherRacing Forward – Mica Mosbacher

Melanie Johnson & Jenn Foster interview Mica Mosbacher the author of Racing Forward. Michele (Mica) Mosbacher, widow of the 28th U.S. Secretary of Commerce and oilman Robert Mosbacher, Sr., was commissioned as an Honorary Consul of Iceland, Houston and Central Texas, in 2010 by the Foreign Ministry of Iceland.

Episode #6

rory carruthersBreaking the Best Seller Code – Rory Carruthers

Melanie Johnson & Jenn Foster interview Rory Carruthers 3 time best selling Author! RORY CARRUTHERS is an Award-Winning #1 International Bestselling Author and Founder of Bestseller Book Academy. He is an International Book Launch Expert™ who has over 20 years of business, sales and marketing experience. Rory has been featured on ABC, NBC, CBS, FOX, Business Journal, and The Boston Globe and is a member of the National Academy of Best Selling Authors.

Listen, Subscribe and Review Today:  Elite Expert Insider podcast. Subscribe on iTunes so you don’t miss an episode!

The Elite Expert Insider podcast has arrived

The Elite Expert Insider podcast has arrived
Elite Expert Insider Podcast

Elite Expert Insider

The Elite Expert Insider podcast has arrived, giving you an inside to expert entrepreneurs. Hosted by Melanie Johnson  and Jenn Foster, each episode will feature an interview with leading experts, authors & entrepreneurs—from what’s the top marketing tools for business-  to who’s making it to success- to what everyone is talking about around social media. Subscribe on iTunes so you don’t miss an episode!

ELITE EXPERT Insider  is a weekly podcast that educates, inspires and motivates entrepreneurs, innovators and growth seekers. Hosts Melanie Johnson and Jenn Foster, owners of Elite Online Publishing, will bring you conversations from business, personal development to health and fitness. They will chat with special guests, industry leaders, authors, business and marketing experts and just darn interesting people.  It’s the show that will up your game!

patlynchEpisode 1 – How Women in Business Can Reach Millions – Pat Lynch | Elite Expert Insider

Melanie Johnson & Jenn Foster interview Pat Lynch the founder of WomensRadio.com.  Pat Lynch is the founder and CEO of Women’s Online Media and Education Network — home of Women’s Radio and Women’s Calendar. Her media site and media tool, Audio Acrobat, help women find a larger voice across continents. The WR Channel will allow users to create and stream audio and video easily and effectively.

Website: WomensRadio.com

Robert ShallenbergerEpisode 2 – Becoming Your Best – Robert Shallenberger | Elite Expert Insider

Melanie Johnson & Jenn Foster interview Robert Shallenberger about Becoming Your Best! Unleash the 12 principles that propel people and organizations to the top. BYB gives you the tools and know-how to break down barriers and transform your personal and professional lives. Whether you’re an executive, employee, spouse, or parent, we can help you surpass your financial and personal dreams.

Website: http://www.becomingyourbest.com

valorieburton

Episode 3 – Be Unstuck. Be Unstoppable – Valerie Burton  | Elite Expert Insider

Melanie Johnson & Jenn Foster interview Valorie Burton who is a bestselling author, speaker, and life coach dedicated to helping you: Be happier and have more fun, even when life seems routine. Navigate setbacks or disappointments that make you better, not bitter. Make a major life change that’s exciting and scary at the same time.

Website: http://www.valorieburton.com

 

Subscribe on iTunes so you don’t miss an episode!

 

New Book Cover for Lexi Quisenberry

New Book Cover for Lexi Quisenberry

Great New Book cover for Author Lexi Quisenberry.

 

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BUY IT TODAY ON AMAZON

Lexi Quisenberry’s inspiring story guides young mothers to find their purpose, faith, strength and how to conquer motherhood at a young age. Lexi shares her life experiences on how she met the challenges of becoming a teenage mother at the age of 18. Her book gives young mothers the guide to coping with criticism, gaining confidence, building faith, finding purpose and conquering motherhood.
Lexi Quisenberry is a proud mother and wife. She is an author, entrepreneur and business owner. The President of All Out Media LLC. an online advertising and marketing company. She is devoted to helping struggling moms with finding faith and purpose. The new Author of The Art of Becoming a Young Mother: The Ultimate Guide For Young Mothers on How to Overcome Criticism, Gain Confidence, Build Faith, Find Your Purpose, and Conquer Motherhood.
She is a mother of two happy and thriving children. She was born and raised in Houston, Texas. A Devoted Christian and passionate mother, Mrs Quisenberry lives a healthy lifestyle, loves to cook and entertain. She enjoys traveling and being outdoors.

Father’s Journal

Father’s Journal

Father’s Journal: Blank Journal with lined paper.

The perfect gift for Dad!

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With a Journal you give yourself permission to write yourself into history. The “Father’s Journal” is 150 pages of blank lined paper. This 7×10 paperback journal notebook is the perfect gift for Dad to write his memories and ideas down. Great for story tellers and note takers. The perfect notebook to write memories or jot down daily notes. Great for the man in your life. Journal notebook to write in for Dad.

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5 Tips to Hiring an Editor

5 Tips to Hiring an Editor

5 Tips for Hiring a Freelance Editor

by: Jacquelin Cangro

Freelance editors are not cut from the same cloth. Before you entrust your prose to just anyone, consider these tips for hiring a freelance editor:

 

TIP #1: Know the editor’s specialities. Not every editor can help you with any type of book. Editors may work in several genres, but most specialize. For example, I would not be a the right editor for you if you’re working on a script or with material for a highly technical textbook, but I love working with memoirs and novels. Also, some editors will happily review book proposals and query letters, while others won’t tackle these kinds of materials. An editor may be able to recommend a colleague to fit your needs.

 

TIP #2: Request a test edit. It can be expensive to hire a freelance editor. Before you do, it’s perfectly reasonable to ask for a 2-5 page test to get an idea of what you can expect in terms of notes and manuscript work.

 

TIP #3: Make sure the rates and terms are agreed upon before the work begins. Depending on the type of editing services you need, the rates are usually hourly for proofreading / content editing and standardized for query letters or book proposals. Once an experienced editor takes a look at your manuscript, she should be able to give you an estimate of how long it will take to complete the editing. This is just an estimate of course, but a good editor will communicate with you if she determines that it will take longer than expected. Most editors request that payments be made in two installments: the first 25% (or 50%) when you submit your work and the balance upon completion. If you need your pages returned in a hurry, an editor may be able to accommodate a quick turnaround for a extra rush fee.

 

TIP #4: Make sure you and your editor are on the same page (figuratively speaking). This tip is two-fold. First, understand what you need from an editor. Take some time to think about what kind of assistance would most benefit your manuscript. Is your grammar lackluster? Does the plot seem to falter around page 200? Are the character’s motivations feeling flat? Knowing where an editor should focus her energy can be especially helpful in addressing specific concerns. If you need a book proposal or synopsis review, it’s a good idea to find an editor who has written one herself (like me!) or who has experience in pitching them (such as a literary agent-turned-editor). Second, find an editor with whom you have a connection. This isn’t to say that you and your editor need to be best friends, but you are likely turning over work that is very precious to you. You’ve spent hours upon hours writing it, fretting over it, and tweaking it just so. You and your editor should be on the same team. That leads me to…

 

TIP #5: Be prepared for honesty. Even though you’re teammates, your editor’s job is to be truthful (and blunt when necessary) when it comes to your work. If it’s not ready for publication or an agent, she should tell you so. You’re paying for an honest evaluation of the work that needs to be done to make your manuscript the best it can be. That said, comments should never be mean-spirited. Also, keep in mind that it’s not your editor’s job to rewrite your pages. For example, if your editor suggests that the character of Sally is flat, she may provide suggestions on how to make Sally a more well-rounded character, but she won’t reinvent Sally for you. As the author, that’s your domain.

 

If you have questions or would like to inquire about hiring Jacquelin Cangro to edit your manuscript, please use the contact form here to get in touch.  Or call Elite 1(832) 572-5285 to get access to our Ghostwriters & Editors.