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Book - Product Information
The Essays of Warren Buffett: Lessons for Corporate America
Warren E. Buffett
Rating: 4.5/5 Stars
Rank: 1194
Buffett, the Bard of Omaha, is a genuine American folk hero, if folk heroes
are allowed to build fortunes worth upward of $15 billion.
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.
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.
There are uncountable
gems of financial wisdom to be harvested from these essays, taken from the
annual reports he writes for Berkshire Hathaway, his holding company. Just
to pick one more, here's a now-famous line about those he competes with
when making stock-market investments: "What could be more advantageous in
an intellectual contest--whether it be chess, bridge, or stock
selection--than to have opponents who have been taught that thinking is a
waste of energy?" While Buffett has a policy of seldom commenting on
stocks he owns--he feels public pronouncements will only lead to the
public's expectation of more public pronouncements, and he likes to keep
his cards close to his vest--he loves to discuss the principles behind his
investments.
These come primarily from Ben Graham, under whom Buffett
studied at Columbia University and for whom he worked in the 1950s.
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.
In that sense, the value of the lessons learned from Buffett's
Essays could be far greater than the book's price. --Lou
Schuler--This text refers to the
Paperback
edition.
About the AuthorCunningham is a prolific author, whose books include acclaimed titles such
as "How to Think Like Benjamin Graham and Invest Like Warren Buffett" and
"Outsmarting the Smart Money" as well as the popular textbook Introductory
Accounting and Finance for Lawyers (which is not for lawyers only).
Cunningham is a renowned lecturer, holding a tenured professorship (in law
and business) at Boston College, with additional teaching at schools
including Columbia University, George Washington University, Yeshiva
University and Oxford University.
He is working on a book about corporate
governance and the war on terrorism, with lessons for investors, managers,
and all citizens alike.
Buffett is the Chairman and Chief Executive
Officer of Berkshire Hathaway Inc., a former student of
Benjamin Graham and one of the most admired and successful investors and
managers in Corporate America.
Editorials
Sample 3 of 12
The Essays of Warren Buffett: Lessons for Corporate America
Warren E. Buffett
![]() | | | Amazon.com | | Buffett, the Bard of Omaha, is a genuine American folk hero, if folk heroes
are allowed to build fortunes worth upward of $15 billion. He's great at
homespun metaphor, but behind those catchy phrases is a reservoir... read full editorial |
![]() | | | The Financial Times, June 23, 2000 | | "A classic of value investing." |
![]() | | | The Motley Fool, November 7, 2000 | | "Cunningham's Buffett Essays ranked #2 in 'The Top Seven Investing Books of
All Time'" |
Customer Reviews
Sample 3 of 34
The Essays of Warren Buffett: Lessons for Corporate America
Warren E. Buffett
![]() | | | MUST READ | | (New Jersey) September 13, 2000 - 5.0/5 stars | | Don't take my advice - listen to the Whip himself. He recognized this book
as the best business investment book. The Whip is a genuis but conveying
that to a reader is something different. Cunningham's writing is... read full review |
![]() | | | Why not read Buffett in his own words? | | (Lawrenceville, NJ United States) April 4, 2003 - 5.0/5 stars | | Why not read Buffett in his own words, instead of reading books ABOUT
Buffett? Many other books about Buffett cover his approach to investing,
but his annual letters to his shareholders excerpted in this book cover
the same... read full review |
![]() | | | Puts the FUN back into FUNdamental analysis | | (Sydney, Australia) October 10, 1998 - 5.0/5 stars | | Mr Buffett's essays are witty, smart and credible. They are also well
compiled by the Cardozo team. They offer a penetrating view of how
corporations do, and should, operate. The essays renew our faith in
hard-headed... read full review |
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