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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 | | "A classic on value investing and the definitive source on Buffett." |
![]() | | | Money Magazine | | "Extraordinary--full of wisdom, humor and common sense. By far the best
window into the way Buffett's mind works." |
Customer Reviews
Sample 3 of 34
The Essays of Warren Buffett: Lessons for Corporate America
Warren E. Buffett
![]() | | | In This Instance Familiarity Does Not Breed Contempt | | (Commonwealth) June 25, 2001 - 5.0/5 stars | | It is certainly true that Mr. Warren Buffet is nothing if not consistent.
On June 29, Forbes Magazine will release their latest compilation of the
wealthiest people in the world. There are 538 on the list, 269 from
America,... read full review |
![]() | | | Proper Business Practices | | (Bronx, NY United States) February 28, 2004 - 5.0/5 stars | | "The Essays of Warren Buffett" is a textbook on proper business practice
used at Cardozo Law. Yeah, I know you can go to the Berkshire Hathaway
website and get all of Buffett's letters to the shareholders (in fact
those... read full review |
![]() | | | Prophecy from the Oracle | | (Chamblee, GA) December 30, 2003 - 5.0/5 stars | | If you are at all involved in business or investing, you should read this
book.NOTE: Though you can read all of Buffett's letters to the
shareholders that are assimilated in this compilation through Berkshire
Hathaway's... read full review |
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