ChatGPT recommends 5 investing books and 2 are related to Warren Buffett

ChatGPT recommends 5 investing books and 2 are related to Warren Buffett

  • Insider’s Phil Rosen asked ChatGPT to share book recommendations for someone looking to become a better investor.
  • OpenAI’s language bot listed five titles, two of which related to Warren Buffett.
  • “The Intelligent Investor,” the first book on the list, was written by Buffett’s mentor, Benjamin Graham, in 1949.

As a market reporter, I’m always looking to learn more about the topics I cover. I turned to OpenAI’s viral language tool, ChatGPT, to see which books it would recommend to someone interested in investing.

Since I’ve been writing about the stock market and speaking regularly with Wall Street strategists, I’ve been asked this question: “Can you share your best book recommendations for someone looking to become a smarter investor in stock exchange ?”

ChatGPT generated a list of five books, two of which related to Berkshire Hathaway Chairman and CEO Warren Buffett.

“The Intelligent Investor” by Benjamin Graham

This is the first book ChatGPT listed with links to Buffett: Graham was one of Buffett’s mentors.

“The Intelligent Investor”, first published in 1949, is considered a classic. Many, including ChatGPT, call it the bible of value investing. One concept he touches on is how to determine the intrinsic value of a business.

“One Up On Wall Street” by Peter Lynch

Lynch recounts his experience as a fund manager in this book, which was first published in 1989. In plain language, he explains how to read financial statements and develop a winning stock portfolio.

“A Random Walk Down Wall Street” by Burton Malkiel

This book is about “effective market theory and how it affects investment strategies,” ChatGPT said.

Malkiel notes that the prices of various assets are showing signs of “random walking”, making it difficult to consistently beat the market. According to him, passive strategies such as index funds can produce more favorable results for most investors.

‘The Little Book of Common Sense Investing’ by John C. Bogle

Bogle, the founder of Vanguard, asserts in his 2007 book that passive investing is a more reliable and winning approach than active management.

‘The Trials of Warren Buffett’ edited by Lawrence A. Cunningham

The second ChatGPT book listed with links to Buffett is a collection of his annual letters to shareholders, revealing insight into his investment philosophy and many years of correspondence with Berkshire Hathaway investors.

“These books provide a solid foundation for understanding how to invest smartly in the stock market,” ChatGPT concluded.

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