The year 2015 marks the fiftieth anniversary of Berkshire Hathaway under Warren Buffett’s leadership, a milestone worth commemorating. The tenure sets a record for chief executive not only in duration but in value creation and philosophizing. The fourth edition of The Essays of Warren Buffett: Lessons for Corporate America celebrates its twentieth anniversary.
As the book Buffett autographs most, its popularity and longevity attest to the widespread appetite for this unique compilation of Buffett’s thoughts that is at once comprehensive, non-repetitive, and digestible. New and experienced readers alike will gain an invaluable informal education by perusing this classic arrangement of Warren’s best writings.
The fourth edition’s new material includes:
About the Author
- Warren’s 50th anniversary retrospective, in what Bill Gates called Warren’s best letter ever, on conglomerates and Berkshire’s future without Buffett;
- Charlie Munger’s 50th anniversary essay on “The Berkshire System”;
- Warren’s definitive defense of Berkshire’s no-dividend practice; and
- Warren’s best advice on investing, whether in apartments, farms, or businesses.
Warren Buffett is the Chief Executive Officer of Berkshire Hathaway, a $70+ billion holding company engaged in a variety of businesses. He has been head of Berkshire Hathaway since 1970, guiding the company to become one of the largest corporations in the world, gaining him the nickname the "Oracle of Omaha."
"A classic of value investing." - The Financial Times
"Extraordinary - full of wisdom, humor and common sense. By far the best window into the way Buffett's mind works." - Money
"Recommended as excellent reading. Two thumbs up." - CNN
"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's Essays could be far greater than the book's price." - Lou Schuler, Amazon
"...the only compendium of writings from the Sage of Omaha himself...a carefully chosen selection of Buffett?s famous annual letters." - CityWire.co.uk
"This book is highly rated by Jason Ashman of Chatfield Private Clint, for both investors and managers." - The Week