The Essays of Warren Buffett: Lessons for Corporate America4.38 · Rating details · 4,176 Ratings · 114 Reviews
The definitive work concerning Warren Buffett and intelligent investment philosophy, this is a collection of Buffett's letters to the shareholders of Berkshire Hathaway written over the past few decades that together furnish an enormously valuable informal education. The letters distill in plain words all the basic principles of sound business practices. They are arrangedThe definitive work concerning Warren Buffett and intelligent investment philosophy, this is a collection of Buffett's letters to the shareholders of Berkshire Hathaway written over the past few decades that together furnish an enormously valuable informal education. The letters distill in plain words all the basic principles of sound business practices. They are arranged and introduced by a leading apostle of the "value" school and noted author, Lawrence Cunningham. Here in one place are the priceless pearls of business and investment wisdom, woven into a delightful narrative on the major topics concerning both managers and investors. These timeless lessons are ever-more important in the current environment....more
Unknown Binding, 246 pages
Published April 1st 2001 by Cardozo Law Review (first published 1998)
For a man in his 80s, Warren Buffett still gets around. At least, that is how it seems at first glance. Search the investing section of any bookstore and you will likely see his face at least once and his name several more times. It is hard to imagine all of these writers has the definitive insight into Warren Buffett as an investor or a person. In fact, it is hard to imagine some of them spoke to Buffett at all. More often than not, they are pulling off of the Berkshire Hathaway (BRK-A) shareholder letters. That said, there is a lot to be found in those letters, and a few of the books on those shelves do hold some truly unique insight. We’ll look at some of the best and what audience can get the most out of them.
The Warren Buffett Wayby Robert G. Hagstrom
If you are looking for investing lessons from the impressive record that Buffett has put together, then Hagstrom’s book is likely all you will need. The Warren Buffett Way lays out all the rules of thumb Buffett uses in his investing and walks the reader through them with case studies out of Buffett’s own portfolio. These include well known rules like buying businesses you understand and ignoring Mr. Market as well as some deeper lessons drawn out in the real life investments the Oracle from Omaha has made. It is a great book for investors just starting out and it continues to be a strong read even when you think you know what you’re doing.
The Essays of Warren Buffett: Lessons For Corporate America by Warren Buffett and Lawrence Cunningham
It is always a bit of surprise to think that Buffett has never written a book himself. Taken in total, however, his shareholder letters are several books long but they suffer for the lack of an editor. Lawrence Cunningham solved that by going through the letters and organizing Buffett’s thoughts around topics. There is some editorial voice necessary to tie everything together, but the content is Buffett’s and so is the philosophy. The Essays of Warren Buffett: Lessons For Corporate America takes on a larger scope than The Warren Buffett Way and isn’t solely aimed at the individual investor, although you will still learn a lot about investing.
The Warren Buffett CEO by Robert P. Miles
The Warren Buffett CEO is less about Buffett as an investor and more about him as a manager. The book shows how Buffett selects the CEO’s for Berkshire’s many subsidiaries and how he manages them, but it tells that story through the Berkshire managers. The Warren Buffett CEO isn’t an investment manual, but you will learn a lot about great companies and great management - two things every investor needs to keep in mind. More importantly, the book shows a side of Warren Buffett that is often overshadowed by his investment performance. Buffett is a great manager and a great investor, which has got to be one of the rarest pairings since the liger. This is a great book for aspiring managers and business professionals.
Dear Mr. Buffett: What an Investor Learns 1,269 Miles from Wall Street by Janet Tavakoli
This is a Buffett book that really isn’t about Buffett, although he is one of the main characters. Janet Tavakoli is a structured finance expert whose previous books focused on collateralized debt obligations. She met with Buffett and, following the financial mess of 2009, started to see more value in Buffett’s philosophy and value investing methods. Again, this is one of those books where you see Buffett differently through someone else's eyes. This is a pure pleasure read as some of the insights will be unsettling for investors, particularly the systematic abuses that encouraged the 2009 crises.
The Snowball: Warren Buffett and the Business of Life by Alice Schroeder or Buffett, Making of an American Capitalistby Roger Lowenstein
If you read all of the above and still feel that you haven’t absorbed enough Buffett, then you have a problem. Fortunately, it is one you will soon be cured of. The two Buffet biographies - The Snowball: Warren Buffett and the Business of Life by Alice Schroeder and Buffett, Making of an American Capitalist by Roger Lowenstein - are thorough looks at the life and times of Warren Buffett. Lowenstein’s book is a bit more to the facts and Schroeders’ book was written with Buffett’s cooperation. Neither will change your knowledge of his investment strategies other than to emphasize that his approach evolved over time, but they will give you a long look at Buffett’s life and remarkable achievements.
There are a lot of pages devoted to Buffett, but they are all pulling from the same source material (with the exception of Snowball). Choosing which to read comes down to whether you want to learn investing from the man or learn about the man and the investor. These six books aren’t as satisfying as owning Berkshire shares has been for the last 45 years, but there is a lot of knowledge and enjoyment in them nonetheless.