The Essays of Warren Buffett: Lessons for Corporate America, Fourth Edition
| Author | : | |
| Rating | : | 4.98 (840 Votes) |
| Asin | : | 1611637589 |
| Format Type | : | paperback |
| Number of Pages | : | 328 Pages |
| Publish Date | : | 2015-02-02 |
| Language | : | English |
DESCRIPTION:
The tenure sets a record for chief executive not only in duration but in value creation and philosophizing. The year 2015 marks the fiftieth anniversary of Berkshire Hathaway under Warren Buffett's leadership, a milestone worth commemorating. New and experienced readers alike will gain an invaluable informal education by perusing this classic arrangement of Warren's best writings.The fourth edition's new material includes:Warren's 50th anniversary retrospective, in what Bill Gates called Warren's best letter ever, on conglomerates and Berkshire's future without Buffett;Charlie Munger's 50th anniversary essay on ''The Berkshire System'';Warren's definitive defense of Berkshire's no-dividend practice; andWarren's best advice on investing, whether in apartments, farms, or businesses.. As the book Buffett autographs most, its popularity and longevity attest to the widespread appetite for this unique compilation of Buffett's thoughts that is at once comprehensive, non-repetitive, and digestible. The fourth edition of The Essays of Warren Buffett: Lessons for Corporate America celebrates its twentieth anniversary
--Lou Schuler. He's great at homespun metaphor, but behind those catchy phrases is a reservoir of financial acumen that's generally considered the best of his generation. First among them is the idea that price is what you pay and value is what you get--and if you're a smart investor, the first will always be less than the second. These come primarily from Ben Graham, under whom Buffett studied at Columbia University and for whom he worked in the 1950s. For example, in an essay on CEO stock options, he writes, "Negotiating with one's self seldom produces a barroom brawl." This is his way of saying that an executive who can give himself compensation totally disproportionate to his performance surely will. Buffett, the Bard of Omaha, is a genuine American folk hero, if folk heroes are allowed to build fortunes worth upward of $15 billion. In that sense, the value of the lessons learned from Buffett's Essays could b
"Brilliant is understating the merits of this superb book" according to Tracam. I feel privileged to have read the thoughts and principles of Warren Buffet.Many of the poor reviews of this book said the information was dated. When are honesty and superior intelligence ever dated? Others claimed there wasn't any information about trading, but as Buffet says, comparing trading to investing is like comparing a one night stand with romance. Secondly, no trader in history has ever sustained the returns that Buffet has achieved. Comparing traders (paper shufflers) with Buffet is like comparing sludge with Perrier.These essays should be compulsory reading for company directors, and CEOs who prefer to cook the books rat. Straight from the Oracle's Mouth Lawrence A. Cunningham opens this book with an appropriate excerpt from the essays of Michel de Montaigne: "The speech I love is simple, natural speech, the same on paper as in mouth; a speech succulent and sinewy, brief and compressed, not so much dainty and well-combed as vehement and brusque."There is no shortage of books on Warren Buffet. It is an interesting state of affairs: numerous writers, pundits, and other Warren Buffet "experts" opining on the life and investing decisions of perhaps the greatest investing and capitalist "expert" of all time.Others opining on the life of a genius is often necessary, when it comes to unders. Here in the Third Edition are business information, insights, and counsel of incalculable and timeless value This is my review of the THIRD EDITION, dated March 18, 2013. If you wish to read my review of the SECOND EDITION, it follows.This is the Third Edition of an ongoing process by which Warren Buffett presents a "chairman's letter" (i.e. progress report with his unique reflections) to Berkshire Hathaway shareholders at their annual meeting. Lawrence A. Cunningham edited each of the three editions, with the latest including Buffett's annual letters to Berkshire shareholders since 2008, the date of the prior edition. Other new material includes:o The financial crisis and its continuing implications for investors, managers and society;o Th