Product Description

"First class. A great job at collating our philosophy." – Warren Buffett

"Very practical." – Charlie Munger

"One of the top investment books of all time." – The Motley Fool

"A must–read business book." – JP Morgan Private Banking

"As much a business management book as a personal finance book." – Publisher′s Weekly

"One of the best books of the year. Two thumbs up!" – CNN (Financial News)

"A serious investment course with entertainment thrown in." – Investor′s Chronicle

"The book on Buffett – a superb job!" – Forbes

"Extraordinary – full of wisdom, humour and common sense." – Money

"A classic on value investing and the definitive source on Buffett." – The Financial Times

Product Details

• Amazon Sales Rank: #2183 in Books
• Published on: 2002-04-09
• Original language: English
• Binding: Paperback
• 240 pages

Review
"...a fascinating compilation of the philosophies and at time humorous observations of one of the world′s most successful investors. A business classic." (Lloyd′s List, 10 May 2002)

Review
"...a fascinating compilation of the philosophies and at time humorous observations of one of the world′s most successful investors. A business classic." (Lloyd′s List, 10 May 2002)

Synopsis
"First class. A great job at collating our philosophy." -- Warren Buffett "Very practical." -- Charlie Munger "One of the top investment books of all time." -- The Motley Fool "A must--read business book." -- JP Morgan Private Banking "As much a business management book as a personal finance book." -- Publisher's Weekly "One of the best books of the year. Two thumbs up!" -- CNN (Financial News) "A serious investment course with entertainment thrown in." -- Investor's Chronicle "The book on Buffett -- a superb job!" -- Forbes "Extraordinary -- full of wisdom, humour and common sense." -- Money "A classic on value investing and the definitive source on Buffett." -- The Financial Times

Customer Reviews

The only authentic Buffett
Too many books contain the word Buffett in their title but only this book comes from the annual letters to shareholders. Truly authentic Buffett in his own words is much better just because he dosen't need any interpretation.
Domenico De Salvo

Prominent name, bad book
This book tells about company strategy of Berkshire Hathaway and the history of it. Very boring, nothing interesting to learn and badly written. Complicated and confusing, skipping from one story to another and back again to first story.
Waste of money.

Wisdom from the great investor
I admire Warren Buffett and love reading what he writes. Not only is he probably the wisest investor ever but he is also very articulate and witty.

Some of the chapters, e.g. "An Owner-Based Approach to Corporate Charity", "Berkshire's Recapitalization", "Distribution of the Corporate Tax Burden", etc were not of any interest to me. Excluding such chapters, this slim volume would be even slimmer. However, the book is worth it just for the remainder.

His basic investment goal is simple: He tries to buy businesses that he can understand that have favourable, long-term prospects and are operated by honest and competent people at an attractive price. This is easier said than done, but there is some guidance in his essays as to how he does this.

Some examples of his way with words, taken at random from the first few pages:
"At too many companies, the boss shoots the arrow of managerial performance and then hastily paints the bullseye around the spot where it lands."
"A horse that can count to ten is a remarkable horse - not a remarkable mathematician."
"Should you find yourself in a chronically-leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks."