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Buffett has said the best investment he ever made was not a stock or a bond or even in real estate, but buying a copy of The Intelligent Investor, a book written by Benjamin Graham. Buffett read the book when it came out in 1949 and later enrolled at Columbia Business School in order to take classes with Graham. Buffett says the book still guides his investment decisions today, and he has recommended it to Bill Gates, among others. Here's what Buffett had to say about the book in his most recent letter to Berkshire shareholders:
巴菲特說，他這輩子做過最好的投資不是某只股票或債券或房地產，而是買了一本本杰明•格雷厄姆所著的《聰明的投資者》。該書于1949年出版，當年巴菲特就閱讀了此書。后來為了上格雷厄姆的課，巴菲特申請就讀哥倫比亞大學商學院（Columbia Business School）。巴菲特說，這本書至今仍然是他投資決策的指引，他已經將它推薦給比爾•蓋茨等人。以下是巴菲特在他最近寫給伯克希爾股東哈撒韋公司股東的信中對此書的評論：
