Key Takeaway
Invest in businesses you understand, run by managers you trust, at prices that provide a margin of safety. Think like a business owner, not a stock trader. Patience and temperament beat intelligence and speed in investing.
The Review
Lawrence Cunningham organized Warren Buffett's annual shareholder letters into thematic chapters, creating the closest thing to an investing textbook that Buffett has ever produced. The essays cover corporate governance, finance and investing, valuation, accounting, tax policy, and mergers and acquisitions — all in Buffett's uniquely clear, witty prose. For investors who want to understand Buffett's actual investment philosophy (rather than simplified quotes), this is the primary source material.
Book Details
The Essays of Warren Buffett by Warren Buffett & Lawrence Cunningham
Published
1997
Pages
336
Rating
4.5/5
Copies Sold
500,000+
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