Do you know that your favorite billionaire spend a good share of their time reading? That’s right! A wealthy individual such as Warren Buffet says that he cannot sleep without reading up to 1,000 pages each and every day. Other top ranking billionaires such as Bill Gates and Mark Zuckerberg also value the ton of information they obtain from books. Here’s what your favorite billionaires are reading now.
1. Influence: The Psychology of Persuasion
Written by Robert B. Cialdini, this book explains clearly the psychology behind people’s answers and why they say “yes.” Charlie Munger, one of the wealthiest people in the world, recommends this book, saying that it provides him with insights when it comes to advertising and marketing psychology. It highlights six unique principles, which include reciprocation, commitment and consistency, social proof, liking, authority, and scarcity.
2. Making the Modern World
According to Bill Gates, one of his favorite writers is Vaclav Smil. This is the latest book by the author, which got Gates thinking how he could improve other people’s lives. The book talks about improving humanity and making the world a better place to live.
3. Why Nations Fail
Written by James A. Robinson and Daron Acemoglu, this is one of the favorite books by Zuckerberg. It’s basically an overview of years of research by Daren Acemoglu, a Harvard political scientist and MIT economist. Many wealthy individuals are reading this book to understand the initial origins of poverty in the world as well as the impact economy has on poor countries.
4. Business Adventures: Twelve Classic Tales From the World of Wall Street
This is a book by John Brooks. Billionaires such as Bill Gates and Warren Buffer are reading it, and say that they absolutely love it! In the first chapter, the book speaks about the stock market crash that was witnessed in 1962 and how the economy recovered. The rest of it relates in details both the failures and successes of 12 major businesses. Companies such as General Electric, Xerox and Ford are more profiled.
If your favorite billionaires are reading these books, then they must be good! From Bill Gates to Warren Buffer to Mark Zuckerberg and more, these are the books they recommend.