THE ESSAYS OF WARREN BUFFETT (THIRD EDITION) - LESSONS FOR INVESTORS AND MANAGERS

基本信息·出版社：John Wiley & Sons Ltd

·页码：328 页

·出版日期：2009年

·ISBN：0470824417

·条形码：9780470824412

·装帧：平装

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内容简介Experienced readers of Warren Buffett's letters to the shareholders of Berkshire Hathaway Inc have gained an enormously valuable informal education. This book features letters that distill in plain words all the basic principles of sound business practices.

作者简介Lawrence A. Cunningham is Director of The Samuel and Ronnie Heyman Center on Corporate Governance and Professor of Law at Cardozo Law School, New York City. He prepared this collection as the centerpiece of a symposium featuring Buffett's letters. His other books include How to Think Like Benjamin Graham and Invest Like Warren Buffett.--This text refers to an out of print or unavailable edition of this title.

编辑推荐Amazon.co.uk 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'sEssayscould be far greater than the book's price. --Lou Schuler--This text refers to an out of print or unavailable edition of this title.

Review

"...the only compendium of writings from the Sage of Omaha himself...a carefully chosen selection of Buffett's famous annual letters" (CityWire.co.uk, January 16th 2009)

Review

"...the only compendium of writings from the Sage of Omaha himself...a carefully chosen selection of Buffett′s famous annual letters"(CityWire.co.uk, January 16th 2009)