Buffett believes there are 10 books that everyone should read.

Buffett once said that he spends 80% of his time reading every day.

In order to promote reading, a special program is set up at the annual shareholders' meeting, where some discounted books or CDs are sold at the market stalls, actually recommending some good works.

The following is a compilation of some books recommended by Buffett. If we are not destined to be as wealthy as Buffett, at least we can be more diligent than him.

1. "The Intelligent Investor", written by Benjamin Graham.

“The Intelligent Investor”，Benjamin Graham

When I met him, he personally left a deep impression on me similar to his thoughts. Understanding a company thoroughly with Fisher's technique can enable a person to make intelligent investments. In his book, Fisher emphasizes that just focusing on financial reports is not enough, you also need to evaluate a company's management. Buffett calls himself a 'keen reader of Phil, whatever he has to say.'

4. 'Stress Test', written by Timothy Geithner.

'Stress Test', by Timothy F. Geithner.

Former US Treasury Secretary Geithner tells how he led a government department during the financial crisis. Buffett once said this book is a must-read for every manager.

5. 'The Essays of Warren Buffett', written by Warren Buffett.

'The Essays of Warren Buffett', by Warren Buffett.

This book collects the essence of Warren Buffett's letters to shareholders over more than 20 years, each one explaining a part of his career and investment philosophy. Buffett famously said, 'In a game of intellectual competition, what could be more advantageous to you than making your opponent feel thinking is a waste of energy?'

6. 'Jack: Straight from the Gut', written by Jack Welch.

"Jack: Straight From the Gut"

Welch is the "Tiger Woods" of the management world, and all CEOs want to emulate him. They may not catch up to him, but by carefully listening to what he says, they can get closer to him.

In his autobiography, Welch detailed how he grew from a working-class child to CEO of General Electric. Buffett described Welch as "smart, energetic, and hands-on."

7. "The Outsiders", William N. Thorndike

"The Outsiders", William N. Thorndike

Thorndike's book discusses the successful models of top executives at companies like The Washington Post and Prentice. Buffett praised this book as "an outstanding work on CEOs who excel at capital allocation."

8. "The Clash of the Cultures: Investment vs. Speculation", John Bogle

"The Clash of the Cultures: Investment vs. Speculation", John Bogle

The founder of Vanguard fund believes that long-term investment is being crowded out by short-term speculation. Buffett recommended this book in his 2012 shareholder letter.

9. 'Business Adventures' by John Brooks

'Business Adventures' by John Brooks

Shortly after meeting in 1991, Bill Gates asked Buffett which business book he liked the most, and Buffett gave him his own copy of 'Business Adventures.'

10. 'Where Are the Customer's Yachts?' by Fred Schweb

'Where Are the Customer's Yachts?' by Fred Schweb

Buffett said: 'This book was first published in 1940, it is the best book ever published on the subject of investment, wisely elucidating many profound insights on investment themes.'