Here are 2 books Warren Buffett recommends reading now. (via CNBCMakeIt)
not even the coronavirus pandemic, he said. "The American miracle, the American magic has always prevailed and it will do so again."
As Buffett reflected on previous life-changing events from World War II to the Cuban Missile Crisis to 9/11 and the 2008 financial crisis, the Berkshire Hathaway chairman also recommended two historical books.and has recommended that young people read every day, because knowledge "builds up, like compound interest," he said while speaking to a group of MBA students at Columbia Business School in 2000.
In the book, Galbraith examines the 1929 financial collapse, including what led to it, how it led to the Great Depression and what could be learned from it.At the shareholders meeting, Buffett also spoke about the Federal Reserve System and the role it has played in the economy., who served as the chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan.
"I've always had Paul Volcker up on a special place, special pedestal in terms of Federal Reserve chairmen over the years. We've had a lot of very good Fed chairmen, but Paul Volcker, I had him at the top of the list," Buffett said."Keeping At It: The Quest for Sound Money and Good Government"Not much before [Volcker] died, he wrote a book called 'Keeping At It,'" Buffett said. "I think you'll enjoy reading that book.
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