560. Warren Buffett on Creditworthiness

"Creditworthiness is like Oxygen - you don't notice it when it's around." - Warren Buffett.

467. Role-Models

Among others, you should pick the following people as role-models :
Bill Gates, Richard Branson, Warren Buffett, Paul Mc Cartney, Alan Sugar, James Dyson, Peter Kellner and Charles Schwabb. These are all hard-working men. Study their biographies for inspiration.

Work hard, work smart. There is no virtue in working hard for little or no reward. Work hard, but only on projects that will give you Assets.

188. Booklist #1.

When you go into a person's study or library, you can immediately tell a great deal about them by looking at what books they have on their shelves. When you know about someone and want to emulate them, a list of their books can help you to embody their philosophy. Here is Warren Buffett's list of recommended reading :

* 1989 — Essays in Persuasion by John Maynard Keynes
* 1992 — The Theory of Investment Value by John Burr Williams
* 1994 — The Intelligent Investor: A Book of Practical Counsel by Benjamin Graham
* 1994 — The General Theory of Employment, Interest, and Money (Great Minds Series) by John Maynard Keynes (in OID)
* 1994 — The People V. Clarence Darrow : The Bribery Trial of America’s Greatest Lawyer by Geoffrey Cowan (in OID)
* 1995 — A Piece of the Action: How the Middle Class Joined the Money Class by Joseph Nocera (in OID)
* 1996 — The Money Masters by John Train
* 1996 — Paths to wealth through common stocks by Philip Fisher (in OID)
* 1997 — The Science of Hitting by Ted Williams
* 1997 — Only the Paranoid Survive : How to Exploit the Crisis Points That Challenge Every Company by Andrew S. Grove (in OID)
* 1998 — The Expanded Quotable Einstein by Albert Einstein
* 2000 — The Farmer From Merna by Karl Schriftgeisser
* 2000 — Common Stocks and Uncommon Profits by Philip Fisher
* 2000 — The Essays of Warren Buffett : Lessons for Corporate America by Lawrence A. Cunningham
* 2001 — The Warren Buffett CEO by Robert P Miles
* 2001 — Security Analysis by Ben Graham and Dave Dodd
* 2001 — Personal History by Katharine Graham
* 2002 — Take on the Street: What Wall Street and Corporate America Don’t Want You to Know. What you can do to fight back by Arthur Levitt
* 2003 — First a Dream by Jim Clayton
* 2003 — Bull! by Maggie Mahar
* 2003 — The Smartest Guys in the Room by Bethany McLean and Peter Elkind
* 2003 — In an Uncertain World by Bob Rubin
* 2003 — The Intelligent Investor — 2003 Revised Edition by Jason Zweig
* 2003 — Sam Walton: Made In America by Sam Walton
* 2003 — Bull! : A History of the Boom, 1982-1999: What drove the Breakneck Market–and What Every Investor Needs to Know About Financial Cycles by Maggie Mahar
* 2003 — Science of Hitting by Ted Williams and John Underwood
* 2004 — The Intelligent Investor
* 2004 — The Financial Times, Amercian Edition Newspaper
* 2004 — The General Theory by John Maynard Keynes
* 2004 — A Short History of Nearly Everything by Bill Bryson
* 2004 — Poor Charlie’s Almanack: The Wit and Wisdom of Charles T. Munger by Charles T. Munger
* 2004 — Nuclear Terrorism: The Ultimate Preventable Catastrophe by Graham Allison
* 2005 — F.I.A.S.C.O.: Blood In The Water On Wall Street by Frank Partnoy
* 2005 — Travels with Barley: A Journey Through Beer Culture in America by Ken Wells
* 2006 — Seeking Wisdom: From Darwin to Munger (Thrid Edition) by Peter Bevelin
* 2007 — Where Are the Customers’ Yachts? or A Good Hard Look at Wall Street by Fred Schwed, Jr
* 2007 — Supermoney [Edition with a new foreword by John Bogle and a preface by Adam Smith (aka George J. W. Goodman)] by Adam Smith
* 2007 — The Audacity of Hope: Thoughts on Reclaiming the American Dream by Barack Obama
* 2007 — Warren Buffett: An Illustrated Biography of the World’s Most Successful Investor by Ayano Morio
* 2008 — The Essays of Warren Buffett: Lessons for Corporate America, edited by Lawrence Cunningham
* 2008 — The Warren Buffett CEO: Secrets From the Berkshire Hathaway Managers, by Robert Miles
* 2008 — Foods You Will Enjoy — The Story of Buffett’s Store, by Bill Buffett
* 2008 — Pleased, but Not Satisfied by David Sokol (Note: WEB did not recommend specifically at the AGM the new book by David Sokol, but he has written its foreword!)

Books Recommended by Warren Buffett (Years Unkown):

* Benjamin Graham on Value Investing: Lessons from the Dean of Wall Street by Janet Lowe
* Do Business with People You Can Trust: Balancing Profits and Principles by L. J. Rittenhouse
* John Bogle on Investing: The First 50 Years by John C. Bogle
* Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor by John C. Bogle
* The Real Warren Buffett: Managing Capital, Leading People by James O’Loughlin
* Of Permanent Value: The Story of Warren Buffett/2007 International Edition/in 2 volumes by Andrew Kilparrick
* Will America Grow up Before it Grows Old : How the Coming Social Security Crisis Threatens You, Your Family and Your Country by Peter G. Peterson (Source: Of Permanent Value, Literary Edition page 197)
* Father, Son & Co : My Life at IBM and Beyond by Thomas, Jr. Watson
* Memos from the Chairman by Alan “Ace” C. Greenberg
* Jack Welch Speaks: Wisdom from the World’s Greatest Business Leader by Janet Lowe
* Quality Financial Reporting by Paul B. W. Miller & Paul R. Bahnson
* Jack: Straight from the Gut by Jack Welch
* Epidemic of Care : A Call for Safer, Better, and More Accountable Health Care by George C. Halvorson
* Running On Empty: How The Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It” by Peter G. Peterson
* The Man Behind the Microchip: Robert Noyce and the Invention of Silicon Valley by Leslie Berlin
* Speculative Contagion: An Antidote for Speculative Epidemics by Frank Martin
* The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns (Little Book Big Profits) by John C. Bogle

80.Heroes

Find good heroes and never lose them or your faith in them. People love to destroy heroes. This is the well-known Irish art of Begrudgery. Do not listen to tales of your hero's human failings. If you lose your heroes and become cynical, you will have nowhere to turn when things get tough. Let your teachers be heroes and your heroes be teachers. Study the lives of great men and women. Draw inspiration from the speeches that have changed the world. Find your own heroes but you may have some of mine : Padraig Pearse, Winston Churchill, Deepak Chopra, Countess Markievicz, Violette Tzabo,Alan Turing, Napoleon Bonaparte, Edward Hopper, Mahatma Gandhi, Catherine de Medici, Leonardo Da Vinci, Buckminster Fuller, Richard Feyneman, Warren Buffett, Anthony Robbins, Paul Golden, Chuck Mellon, Joe Williams, Noel Coward and many more. Here are some links :http://www.youtube.com/watch?v=es6NIt-Oye8,
http://www.youtube.com/watch?v=MkTw3_PmKtc&feature=related, http://www.youtube.com/watch?v=v7OBTiyMoSE, http://www.youtube.com/watch?v=6z8u313eY_c&feature=related, http://www.youtube.com/watch?v=srSbAazoOr8&feature=related,http://www.youtube.com/watch?v=dHT3phgAurQ, http://www.youtube.com/watch?v=IQ9ar3X_u1k

36. Your Inner World and Personal Power

Take responsibility for the development of your mind and heart. No-one else is capable of controlling what goes on in your heart and mind unless you surrender that control. Your inner world belongs to you and only to you. Everything you think feel and do is under your control. If you should ever find that you have surrendered it, take back your power immediately. Learn, therefore to seek only your own approval as measured by your own internal code of ethics, what Warren Buffett calls your inner score-card.
http://blogs.wsj.com/deals/2010/08/05/mean-street-obama-buffett-and-the-giving-pledge-follies/

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