Synopses & Reviews
A collection of pithy and inspiring sayings from America's favorite businessman that reveal his secrets of success.andlt;BRandgt;andlt;BRandgt;Like the sayings of the ancient Chinese philospher Lao-tzu, Warren Buffett's worldly wisdom is deceptively simple and enormously powerful in application. In andlt;Iandgt;The Tao of Warren Buffett,andlt;/Iandgt; Mary Buffett -- author of three books on Warren Buffett's investment methods -- joins noted Buffettologist and international lecturer David Clark to bring you Warren Buffett's smartest, funniest, and most memorable sayings with an eye toward revealing the life philosophy and the investment strategies that have made Warren Buffett, and the shareholders of Berkshire Hathaway, so enormously wealthy.andlt;BRandgt; andlt;BRandgt; Warren Buffett's investment achievements are unparalleled. He owes his success to hard work, integrity, and that most elusive commodity of all, common sense. The quotations in this book exemplify Warren's practical strategies and provide useful illustrations for every investor -- large or small -- and models everyone can follow. The quotes are culled from a variety of sources, including personal conversations, corporate reports, profiles, and interviews. The authors provide short explanations for each quote and use examples from Buffett's own business transactions whenever possible to illustrate his words at work.andlt;BRandgt; andlt;BRandgt; As Warren says:andlt;BRandgt; andlt;BRandgt; "You should invest in a business that even a fool can run, because someday a fool will."andlt;BRandgt; andlt;BRandgt; "With enough inside information and a million dollars, you can go broke in a year."andlt;BRandgt; andlt;BRandgt; "No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant."andlt;BRandgt; andlt;BRandgt; "Our method is very simple. We just try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do."andlt;BRandgt; andlt;BRandgt; andlt;Iandgt;The Tao of Warren Buffettandlt;/Iandgt; inspires, amuses, sharpens the mind, and offers priceless investment savvy that anyone can take to the bank. This irresistibly browsable and entertaining book is destined to become a classic.
Review
"This is destined to be the business world's andlt;iandgt;Little Red Bookandlt;/iandgt; that investors and managers will resort to over and over. David Clark and Mary Buffett have again captured the heart, soul, and ethos of Warren Buffett - giving us practical, lasting strategies we can use to improve our financial performance."andlt;BRandgt; -- Timothy Vick, Senior Portfolio Manager, The Sanibel Captiva trust Co., and author of andlt;iandgt;How to Pick Stocks Like Warren Buffettandlt;/iandgt;
Synopsis
A collection of the inspiring words and wisdom from America's favorite businessman that reveal his secrets of success from the bestselling authors of Buffettology and The New Buffettology. Like the sayings of the ancient Chinese philosopher Lao-tzu, Warren Buffett's worldly wisdom is deceptively simple and enormously powerful in application. In The Tao of Warren Buffett, Mary Buffett--author of three books on Warren Buffett's investment methods--joins noted Buffettologist and international lecturer David Clark to bring you Warren Buffett's smartest, funniest, and most memorable sayings with an eye toward revealing the life philosophy and the investment strategies that have made Warren Buffett, and the shareholders of Berkshire Hathaway, so enormously wealthy.
Warren Buffett's investment achievements are unparalleled. He owes his success to hard work, integrity, and that most elusive commodity of all, common sense. The quotations in this book exemplify Warren's practical strategies and provide useful illustrations for every investor--large or small--and models everyone can follow. The quotes are culled from a variety of sources, including personal conversations, corporate reports, profiles, and interviews. The authors provide short explanations for each quote and use examples from Buffett's own business transactions whenever possible to illustrate his words at work.
As Warren says:
You should invest in a business that even a fool can run, because someday a fool will.
No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant.
Our method is very simple. We just try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do.
The Tao of Warren Buffett inspires, amuses, sharpens the mind, and offers priceless investment savvy that anyone can take to the bank. This irresistibly browsable and entertaining book is destined to become a classic.
About the Author
andlt;bandgt;Mary Buffett andlt;/bandgt;is a bestselling author, international speaker, entrepreneur, political and environmental activist. Ms. Buffett appears regularly on television as one of the top finance experts in America.andnbsp; She has been the principal speaker for prestigious organization around the world.andnbsp; Ms. Buffett has worked successfully in a wide range of businesses including extensive work as a consultant to several Fortune 500 companies.andnbsp; She lives in California.andlt;Bandgt;David Clarkandlt;/Bandgt;andnbsp;holds degrees in both finance and law, and in the late seventies was the founding member of the original Buffettologists - a small group of early Berkshire shareholders who studied the investment methods of Warren Buffett. He is now recognized as one of the world's leading authorities on the subject and has written extensively on it. He lives in Warren Buffett's hometown, Omaha, Nebraska, and is the Managing Director of a privateandnbsp;investmentandlt;Bandgt;andnbsp;andlt;/Bandgt;partnership.
Table of Contents
Contents
Introduction
Getting and Staying Rich
Business
Warren's Mentors
Education
The Workplace
Analysts, Advisers, Brokers -- Follies to Avoid
Why Not to Diversify
Discipline, Prudence, and Patience
Beware the Folly of Greed
When to Sell, When to Leave
Mistakes to Beware Of
Your Circle of Competence
The Price You Pay
Long-Term Economic Value Is the Secret to Exploiting Short-Term Stock Market Folly
Sources
Acknowledgments
Index