Warren Buffett is Still Rich

Warren Buffett - Second Richest Man in the World Again

Warren Buffett is the second richest person in the world again according to the Forbes 400 list of richest Americans, with his pal Bill Gates No. 1 again.

Warren Buffett is worth $40 billion with Gates worth $50 billion.

According to Forbes, Buffett, who they refer to as "America's favorite investor" lost $10 billion in the course of the past year as a result of the fall in Berkshire Hathaway's stock price.

Warren Buffett's friend and partner, Charlie Munger, is 230th on the Forbes list with a net worth of $1.55 billionm but he only lost $350 million this past year.

If you want to apply Warren Buffett's long-term buy and hold stratgy to your own investing, assuming you've got enough time ahead of you then you maywish toknow which is the book that most represents Warren Buffett's thinking, well accordin gto Warren Buffett himself it is "The Essays of Warren Buffett" by Warren Buffett, edited by Larry Cunningham The Essays of Warren Buffett: Lessons for Corporate America, Second Edition of which the Oracle of Omaha says "The most representative book on my thinking is what Larry Cunningham put together."

Charlie Munger's book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger is another of the books recommended by Warren Buffett "it's got all kinds of wisdom in it" he says.

For a full list of books recommended by Warren Buffett see - Warren Buffett books see also Warren Buffett Quotes
Home : Warren Buffett