by Warren E. Buffett
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| List Price: | $25.00 |
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| Lowest New Price: | $43.89 |
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Product Description
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 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.
Amazon.com Review
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
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Average Customer Review:
0 of 0 people found the following review helpful:
 Most Practical Investment Education Ever!, 2008-12-27
In these essays, Buffett wraps his hands around almost every "how to" analysis of an investment concept or "problem" imaginable...and succinctly and clearly "opens up", unravels, and reveals solutions and answers to them all. You don't understand Balance Sheets, Cash Flow Analyses, Income Statements...and "what in the world" these things can tell you about a company...and whether or not to buy its stock? Buffett puts you inside HIS mind, using HIS thinking and analytical prowess, and illustrates just how HE does it...and allows YOU, too, to grasp the complexity of the issue and to understand WHAT it reveals about a company and its management. After reading these essays you WILL understand more about some of these "mysterious" accounting statements, and the unfolding stories that they reveal. I have been a serious amateur investment analyst for years, studied accounting, taught university level Corporate Finance, and made private corporate investments professionally, and NEVER have I seen so clearly drawn HOW to understand and use accounting reports for smarter investing. Buffett is an artist! BUT...a warning...if you are not REALLY interested in learning how to invest smarter, how to, really, analyze and understand a company, and its management, through its published accounting reports, don't bother to read these essays. You will probably get bored, or your eyes may glaze over. But...I hope that you enjoy them as much as I did! Joe Dean Phipps
0 of 0 people found the following review helpful:
 There's only one Warren Buffett, 2008-08-01
Crazyman's Economics
Warren Buffet is a true success story when it comes to American entrepreneurs. If you follow his advice, your chances of making money in the market will increase, but you're still gambling on a game of chance. Buffett himself admits that the greater the motion, the smaller the return to the investor.
In the end, we should celebrate Buffett's success and his willingness to share his advice. But please remember, that Buffett's advice will not make you any richer than a book on basketball by Michael Jordan will make you a hall-of fame basketball player.
0 of 0 people found the following review helpful:
A fantastic resource, 2008-07-12
This book provides such simple, common sense advice you read it and think to yourself: "I know that, so why don't I do it?" Distractions, impatience and emotions represent the three challenges most investors and managers will face on a regular basis, Warren Buffett seems to have a way of drilling down to what's most important in the decision making process, and he provides blazingly clear and simple insight on how to create superior value, both for your company and through your investments.
0 of 0 people found the following review helpful:
Essays on Warren, 2008-05-13
The best book on investment ever. Had a lot of humour as well as a great education on investments. Very simple, easy to read and understand. It is also a combination of Fisher and Benjamin Graham.
0 of 0 people found the following review helpful:
Good, 2008-05-09
What can I say except for the book is by god himself. It is an easy and interesting read. highly recommended to all those who want to get an idea on how to invest in stocks successfully!
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