The Intelligent Investor

Buffett wrote in Berkshire Hathaway's 2013 shareholder letter that buying Benjamin Graham's The Intelligent Investor changed his financial life and was one of his best investments.

The quote is taken word for word from the source.

Berkshire Hathaway · 2014-03-01 · accessed 2026-06-21

Shareholder letter · Shareholder letter

Buffett's 2013 shareholder letter says he bought The Intelligent Investor in 1949, that his financial life changed with that purchase, and that buying Graham's book was one of his best investments.

Attributed annual reading selection; this documents a pick for the coming months or weeks, not completed reading, personal praise or a preferred edition.

This text documents what the source says, but it is not verified as a word-for-word quote.

McKinsey · 2016-07-15 · accessed 2026-10-01

Article · Original contributed reading list

The original article names the contributor and title. Separately dated annual lists are distinct source events; the selection does not establish that the contributor finished the book.