Economics
Buffett’s Book Pick Guides Fuss to Marks Beating Market
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Warren Buffett, in his annual letter to shareholders of Berkshire Hathaway Inc. last week, said the best investment he ever made was buying a copy of “The Intelligent Investor” by Benjamin Graham.
The billionaire isn’t the only prominent investor who considers the 1949 book money well spent. Daniel Fuss of Loomis Sayles & Co., Oaktree Capital Group LLC’s Howard Marks and David Herro of Harris Associates LP credit the text with shaping their thinking about how markets work and what it takes to succeed.