Recommended Reading

These are US centric but go into more detail about the benefits of Individually Managed Accounts.

• Individually Managed Accounts - An Investor's Guide
  Robert B. Jorgensen


• Stop Wasting Your Wealth in Mutual Funds
  Don. F Wilkinson


• Investing in Separate Accounts
  Erik H. Davidson and Kevin D. Freeman

Warren does not write books, but these are some of the many which have been written about him. For Buffett connoisseurs we highly recommend attending the Berkshire Hathaway AGM in Omaha, Nebraska on the first weekend in May each year:

• Of Permanent Value - The Story of Warren Buffett
  Andrew Kilpatrick


• The Making of an American Capitalist
  Roger Lowenstien


• The Warren Buffett CEO
  Robert P. Miles


• The Warren Buffett Way
  Robert G. Hagstrom

We also recommend reading the annual letter to shareholders which Warren writes each year. These are available at http://www.berkshirehathaway.com/

The second member of the fantastic Buffett/Munger duo which can be witnessed in Omaha each year. Charlie is highly underrated and many believe that Buffett would not be where he is today without Charlie's guiding hand.

• Poor Charlie's Almanack - The Wit and Wisdom of Charlie Munger
  Charlie Munger

You can also access Charlie's annual reports to Wesgo shareholders at http://berkshirehathaway.com

These two books are written by one of America's all time great fund manager's. They are also very entertaining.

• One Up on Wall Street
  Peter Lynch


• Beating The Street
  Peter Lynch

Ben is considered the father of value investing and was Warren Buffett's lecturer at Columbia University in New York. These books can be dry and technical but very informative.

• Security Analysis
  Benjamin Graham and David Dodd


• The Intelligent Investor
  Benjamin Graham


• The Interpretation of Financial Statements
  Benjamin Graham and Spencer B. Meredith

The remaining recommendations in this section are a broad selection of various finance books which we recommend:

• Against the Gods - The Remarkable Story of Risk
  Peter L. Bernstein


• Masters of the Market - Secrets of Australia's Leading Sharemarket Investors
  Hughes, Wilson and Kidman


• Fraud Busters - Personal Stories of Fighting Fraud from Australian Experts
  Macquarie Bank Lecture Series


• Business Ethics - Australian Problems and Cases
  Damien Grace and Stephen Cohen


• Fast Money - Guide to Australian Financial Markets
  Edna Carew


• The Panic of 1907 - Lessons Learned from the Market's Perfect Storm
  Robert F. Bruner and Sean D Carr


• Liar's Poker
  Michael Lewis


• The Black Swan - The Impact of the Highly Improbable
  Nassim Nicholas Taleb


• Reminiscences of a Stock Operator
  Edwin Lefévre


• Fooled by Randomness - The Hidden Role of Chance in Life and in the Markets
  Nassim Nicholas Taleb


• Common Stocks and Uncommon Profits
  Philip A. Fisher