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The Essays of Warren Buffett: Lessons for Corporate America, Second Edition |  | Authors: Warren E. Buffett, Lawrence A. Cunningham
Publisher: The Cunningham Group
List Price: $32.50
Buy New: $26.24
as of 11/21/2009 12:37 CST details
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Rating:  17 reviews
Sales Rank: 2480
Media: Paperback
Edition: 2nd
Pages: 296
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 10 x 6.7 x 0.7
ISBN: 0966446127
Dewey Decimal Number: 338
EAN: 9780966446128
ASIN: 0966446127
Publication Date: April 14, 2008
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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 scholar, Lawrence Cunningham.
What's new in the second edition? This new edition has extensive additional content that highlights topics of vital national or international significance, including:
- the proliferation of stock option compensation and excessive CEO pay;
- Berkshire s shareholder-designated contribution program and the controversy over the abortion issue that led to its termination;
- the explosion of derivative financial instruments and related perils and how Berkshire dealt with managing a sizable portfolio of them after buying Gen Re;
- the dramatic increase in foreign currency trading in the past five years along with the astonishing growth in the US trade deficit;
- management succession at Berkshire Hathaway as Mr. Buffett ages;
- commentary on his philanthropic thinking in giving his entire fortune to charities; and
- the fairness and other matters concerning taxation of corporations.
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 useful to members of a wide range of professions, including law, accounting, finance and management, and provide rich teaching materials for courses in those fields.
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| Customer Reviews:
Showing reviews 1-5 of 17
Oracle of Omaha Speaks August 12, 2009
Mariusz Skonieczny (ClassicValueInvestors.blogspot.com)
1 out of 1 found this review helpful
There are plenty of books written about Warren Buffett, but what is a better source if not THE source: Warren Buffett. There are just so many lessons to learn from this book. I loved the section where Mr. Buffett explains the Cigar Butts investment style that he practiced before Charlie Munger convinced him to change his style into buying excellent companies at reasonable prices and holding them for a long time. Mr. Buffett is very good at explaining difficult concepts in simple terms that almost anybody can understand.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Don't Invest in Stocks, Invest in the Businesses Behind Them. August 6, 2009
Jusuf Hariman (Australia)
Warren Buffett advises us not to invest in stocks. We should invest in the businesses behind them. He is currently the second richest person in the world, after Bill Gates. He is also arguably the most successful investor of all time. Apart from a youthful apprentiseship with B Graham when he lived in New York, Buffett has always lived in Omaha and his approach to investmnent is a long way from Wall Street in every sense. His letters to shareholders are eagerly anticipated because they contain many simple nuggets of wisdom. Here are some themes that come out from his writings: (1). Stock-market prices for company's are driven by emotion, not truth, and the truth about a company lies in its "operating result" rather than its current stock price or its glossy forecasts; (2). You know the company's "intrinsic worth" and that the market will sooner or later recognises this. This is the essence of "value investing"; (3). Look for company's that have a "durable competitive advantage". Even if their stock price goes up and down, this advantage will naturally see them outperform other stocks; and (4). No matter how great the talent or effort some things just take time: you can't produce a baby in a month by getting 9 women pregnant.
The Essays of Warren Buffet: Lessons for Corporate America, Second Edition (McKenzie Books) July 13, 2009
J. Shuss
0 out of 2 found this review helpful
I was very pleased with both the condition of the book I ordered as well as the delivery and service with which it was handled. The book was brand new and arrived in excellent condition - carefully packaged. It arrived hardly a week after I ordered it under standard shipping conditions. I will definitely use Amazon as a reliable shopping source for the future.
The Best June 7, 2009
BrianEF (Potomac, MD, USA)
1 out of 1 found this review helpful
This is simply the best business book there is. I have read both editions and given copies to several clients.
some good lessons June 3, 2009
UCB Student Innovators (San Francisco, CA)
How did he amass such grand-scale knowledge of economic systems and the global market? I read this hoping to find out, and didn't entirely, but made some progress.
Showing reviews 1-5 of 17
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