100 Books Like The Essays of Warren Buffett

This one didn’t change my life, but it did provide me with a no-nonsense guide to pesky things like conjunctions and clauses, superlatives and synonyms, prepositions and pronouns, and, obviously, alliteration. Ha. 

What I liked most about this book is that it isn’t written like a textbook. I read what is widely considered to be the writer's bible, The Elements of Style by William Struck and E.B. White, and considered giving up on my dream of becoming a writer because the book made me feel as if only someone with an Einstein-like intellect could write. 

But, as Mr. King wrote, the story is what matters; everything else is just dressing. But in saying that, being able to string together sentences helps (I think my jokes are funny, but no one else does), and this book gives a simple explanation of how to make your copy sing.

Where does persuasive writing start? Whether you’re writing fiction, journalism, or a business message, good sentences are the key. Write good sentences and you write well in all fields. Bad sentences doom your writing. This tight 76-page book shows how to achieve simple, clear sentences, and at the same time build in power and even drama. Euchner moves on to cover paragraphs: how to find the focus of each and create logical, one-idea units. This is the book I wish I’d been given somewhere along the line in school, or later—it would have saved me a lot of trial-and-error! Like Euchner, I believe you need not study grammar rules to write well—that route has always put me to sleep.

It’s one thing to advocate for simple, clear writing—and another to do it consistently. For the most inspiring demonstration of these principles look to Ernest Hemingway. Read even one of his short stories, or any of his novels or reportage, for in-action proof of how convincing we can be by using the most basic English: short everyday words derived from English’s early Anglo-Saxon history, and unadorned, straightforward sentences. Note how the most profound ideas, emotions, and subtle interactions can be communicated with spare language, nearly absent of descriptive words. How to generate this kind of impact with the writing most of us do every day is a central goal of my own book. TIP: a helpful online resource for simplifying copy is found at…Hemingway.com. 

Why do I recommend a book on speechwriting? For the same reasons my book covers spoken communication. Good speeches base on the written word and in turn, yield many lessons for all writers. For example, “sayability” is a hallmark of writing that works, and a good way to check yourself. Noonan’s book also reminds us of what matters most: Deciding what you want to say—the substance. Fancy language never camouflages empty thought. Rather than trying to manipulate people, reach them with sincerity and specific language that’s “simple, unadorned, direct, declarative.” Noonan recommends appealing to the brain with logic. Psychologists, meanwhile, stress that we make most decisions based on emotion—but I think both are right: Persuasive writing reaches both heart and mind. 

Stout’s book was an early salvo in the current debate about shareholder primacy that opened the way for many who have followed in her footsteps. In this carefully argued book, she disputes the argument that corporate boards are required by law to put the shareholder first, pointing out flaws in legal interpretations that have supported a damaging consensus view. In debunking the shareholder value myth, she shows that the obsessive focus on financial returns has led to dangerous short-termism in which corporate leaders pursue quarterly earnings to the disadvantage of investments that would not only improve social outcomes but also lead to better long term performance. She also demonstrates that shareholders hold many values, only one of which might be financial returns. In this regard, she was a vanguard of the accelerating focus of institutional investors on “stewardship” of the environmental and social impacts of their investments.  

This is one of the very few books about corporate governance that provides truly useful, non-obvious tools for improving performance. Starting with a very good exposition of the challenges of modern corporate governance, Martin Hilb offers a variety of charts, self-tests, and questions for reflection that help owners, board members, and executives come to grips with their different roles in directing and controlling the firm. The situations discussed and the advice offered are relevant for listed and private companies – the best short primer on how to apply corporate governance.

This little book makes the questions around corporate governance in the family firm come alive with examples, people, and, even, feelings. Too often, corporate governance is considered unnecessary where family ties are supposed to make up for missing structure. Aronoff and Ward show how family ties can get in the way of sound business practices and make a very strong case for prioritizing governance in the family business. Governance in the family business, unlike governance in the listed company, needs to be precisely tailored to the situation, and this book provides a blueprint for starting the process.

It is the best reference guide on Valuations.

Includes a chapter on forecasting performance which is closely related to my book. It’s mainly focused on Discounted Cash Flow valuation adapted for many including banks, high-growth, cyclical companies, Emerging Markets, etc).

There exists also a version that gives access to the Excel spreadsheet that one can use to model future financial performance of companies and value them.

Reading this book had a profound impact on me–as did the author himself. I had the privilege of meeting Colin Mayer in his wood-paneled office and interviewing him for my own book—an experience that deepened my respect for his thinking. I found myself nodding in agreement as he laid out how far corporations have drifted from their true purpose.

I was struck by his call to move from ownership to stewardship and how closely it aligned with my own belief that purpose must sit at the heart of business. His critique helped sharpen my understanding of corporate governance and reaffirmed my beliefs in the need for a better way forward for business and its relationship with society.

Aside from valuing businesses for investment purposes, I am a practitioner of the valuation of private (or “closely held”) businesses. In my profession of business valuation, the late Shannon Pratt is widely recognized as one of the leading gurus, not least because of the six editions of Valuing a Business. I recommend this book here because, if one can master even a few of the rigorous business valuation methods detailed in this book, that will elevate one’s value investing skills tremendously. The previous books all set the stage and offer enough practical advice for one to progress from beginner to intermediate but, for those eager to master business valuation and, therefore, the determination of intrinsic value, Valuing a Business would be the next logical step.