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Berkshire breaks out to record high with fourth-quarter rally reaching 19%
CNBC • • business
Key Points:
- Warren Buffett recommends Phil Fisher's books "Common Stocks and Uncommon Profits" and "Paths to Wealth Through Common Stocks" as valuable investment reads from around 1960.
- He highly endorses Benjamin Graham's "The Intelligent Investor," particularly chapters eight and twenty, for their foundational investment concepts.
- Key ideas from Graham's book include viewing investing as owning a business rather than trading price fluctuations and maintaining the right attitude toward market movements.
- The concept of a "margin of safety" is emphasized, advising investors to avoid taking excessive risks by ensuring investments have a sufficient safety buffer.
