Warren Buffett recommended these 4 books to learn about investing
沃伦巴菲特推荐这4本书来学习投资
Western Europe, stagnant since the fall of Rome, showed signs of economic resurgence in the mid-18th century. Adam Smith was excited by the potential of this new era, and he was inspired to study the chan。
Warren Buffett，chairman and CEO of Berkshire Hathaway Inc
A few years ago at a dinner，Trey Lockerbie，founder and CEO of kombucha company Better Booch，met billionaire Warren Buffett. He took the opportunity to ask him a few questions about investing，Lockerbie said on “The Good Life” podcast with Sean Murray on Dec. 14.
几年前的一次晚宴上，康普茶公司Better Booch的创始人兼首席执行官特雷洛克比（Trey Lockerbie）遇到了亿万富翁沃伦•巴菲特（warrenbuffett）。12月14日，洛克比在与肖恩·默里（SeanMurray）的“美好生活”播客上说，他借此机会问了他几个有关投资的问题。
Lockerbie，who was at the time an avid options trader (a more risky method of investing in which a trader can bet on which way the market will swing)，asked Buffett whether books by Benjamin Graham，who was Buffett’s mentor，were somewhat outdated. Graham wrote “Security Analysis” in 1934 and “Intelligent Investor” in 1949.
洛克比当时是一名狂热的期权交易员（一种风险更大的投资方法，交易员可以押注市场的波动方向），他问巴菲特，巴菲特的导师本杰明•格雷厄姆（Benjamin Graham）的著作是否有些过时。格雷厄姆在1934年写了《证券分析》，1949年写了《智能投资者》。
Buffett — widely regarded as the best investor alive — has used the same strategy of value investing taught by Graham for decades. So Buffett suggested that Lockerbie reread Graham’s books and focus on the chapters about the psychology of investing，Lockerbie said.
巴菲特被广泛认为是当今最优秀的投资者，几十年来一直采用格雷厄姆教授的价值投资策略。洛克比说，因此巴菲特建议洛克比重读格雷厄姆的书，把重点放在有关投资心理的章节上。
In addition，Lockerbie told “The Good Life，” Buffett recommended he read two books by the late economics commentator George Goodman，who wrote under the pen name “Adam Smith.”
Here are the books Lockerbie said Buffett recommended.
此外，洛克比在接受《美好生活》采访时说，巴菲特推荐他阅读已故经济学评论员乔治·古德曼的两本书，他以“亚当·斯密”的笔名写作。
以下是洛克比说的巴菲特推荐的书。
Books by Graham
“Security Analysis”
证券分析
TheAviationGame，Written by Columbia Business School professors Graham，the father of value investing，and David Dodd，“ Security Analysis” highlights the basis of value investing，or buying stocks and holding them for a long period of time.
The book had a big impact on Buffett – in fact，after he found out Graham and Dodd taught at Columbia University，Buffett contacted Dodd and asked to be admitted for classes there.
这本书对巴菲特产生了很大的影响，事实上，当他发现格雷厄姆和多德在哥伦比亚大学任教后，巴菲特联系了多德，要求被录取参加那里的课程。
“I said，‘Dear Professor Dodd. I thought you guys were dead，but now that I found out that you’re alive and teaching at Columbia，I would really like to come，’” Buffett said in HBO’s “Becoming Warren Buffett.” (Buffett got his Master’s there.)
“我说，‘亲爱的多德教授。我以为你们都死了，但现在我发现你们还活着，在哥伦比亚大学教书，我真的很想来，”巴菲特在HBO的“成为沃伦·巴菲特”节目中说（巴菲特在那里拿到了硕士学位）
“Intelligent Investor”
《聪明的投资者》（格雷厄姆著）
Buffett has recommended “Intelligent Investor” countless times.
After all，“my financial life changed with that purchase [of ‘Intelligent Investor’]，” Buffett wrote in his 2013 letter to Berkshire Hathaway shareholders. “Ben’s ideas were explained logically in elegant，easy-to-understand prose.”
巴菲特无数次推荐《聪明的投资者》。
毕竟，巴菲特在2013年写给伯克希尔哈撒韦公司股东的信中写道：“我的金融生活随着那次购买《聪明的投资者》而改变。”。“本的思想是用优美易懂的散文合乎逻辑地解释的。”
The book offers a deep dive into the process of value investing.
“Of all the investments I ever made，buying Ben’s book was the best (except for my purchase of two marriage licenses)，” Buffett said in 2013.
这本书深入探讨了价值投资的过程。
巴菲特在2013年说：“在我做过的所有投资中，买本的书是最好的投资（除了我买了两张结婚证之外）。”。
The Money Game
Books by Goodman
《金钱游戏》亚当.斯密著
《1929 年大崩盘》(The Great Crash 1929),加尔布雷思(John Kenneth Galbraith)著,1955年出版。这是本简明扼要但又富有见地的历史著作,初版以来一直在重印。原因何在?加尔布雷思本人在 1997 年写道:"每次它就要停印时,一场投机性泡沫。
″[Goodman，aka Smith]，especially in ‘The Money Game，’ was incredibly insightful，and he knew how to make the prose sing as well，” Buffett told The Wall Street Journal in 2014.
巴菲特在2014年接受《华尔街日报》采访时说：“（古德曼，又名史密斯），尤其是在《金钱游戏》（The Money Game）中，他的洞察力令人难以置信，他也知道如何让散文唱起来。”。
One of the key figures of the Scottish Enlightenment, Smith is the author of The Theory of Moral Sentiments and An Inquiry into the Nature and Causes of the Wealth of Nations. The latter, usually abbreviated as The W。
In “The Money Game，” which was published in 1968，Goodman argued that the stock market should be viewed as a game and wrote of the frenzy of Wall Street in the ’60s as an example.
在1968年出版的《金钱游戏》（The Money Game）中，古德曼认为股票市场应该被视为一种游戏，并以60年代华尔街的疯狂为例。
“He knew how to put his finger on things that nobody had identified before. [Goodman] stuck to the facts，but he made them a helluva lot more interesting，” Buffett said.
“他知道如何把自己的手指放在那些以前没人认出的东西上。[古德曼]坚持事实，但他让事实变得有趣得多，”巴菲特说。
“Supermoney”
《超级金钱》
1972年出版的《超级金钱》突出了70年代的股市，甚至还介绍了巴菲特本人。
“In this book，Adam Smith says I like baseball metaphors. He’s right，” Buffett wrote in a forward to the book.
在这本书中，亚当·斯密说我喜欢棒球的比喻。他是对的，”巴菲特在书中写道。
“所以我将把这本书描述成1956年10月8日（纽约洋基队）唐拉森的表现。对于新手来说，那天是他投出世界职业棒球大赛历史上唯一完美的比赛。”
亚当·斯密（Adam Smith，1723年6月5日－1790年7月17日），又译亚当·史密斯、亚当·史密夫，英国苏格兰哲学家和经济学家，他所著的《国富论》成为了第一本试图阐述欧洲产业和商业发展历史的著作。这本书发展出了现代的经济。
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