Last update on June 4, That is, until Lawrence A.
Nov 30, Asif rated it it was amazing Another masterpiece. There are some books of pages that take me more time to read than books of pages.
I read and then re-read every line to ensure that I don't miss one single insight. The book more than lived up to its promise.
I recommend any investor, analyst and particularly accounting professionals to read it. Dec 07, Ravi Dawar rated it it was amazing Really not sure how I missed reading this book for so long.
But they say better late than ever. Jan 01, Rahul Agarwal rated it it was amazing I started with this book with a sort of apprehension.
I don't have much domain knowledge in Finance and thought how I will be able to understand the jargon. One read later I can say that I already understand some of the things a little bit better.
Although I skimmed some part of the essays because they didn't make much sense to me right as of now, I feel I will definitely be coming back to this book to read in its entirety.
The essays talked about various things. Here I put some of the most sali I started with this book with a sort of apprehension. Here I put some of the most salient things. You might consider them spoilers but there are no spoilers in non-fiction.
A Company is the sum of its management: That practice is a mistake. They unfailingly think like owners the highest compliment we can pay a manager and find all aspects of their business absorbing.
But, if each of us hires people who are bigger than we are, we shall become a company of giants. Returns should not be everything: However, I also feel it inappropriate for even an exceptionally profitable company to fund an operation once it appears to have unending losses in prospect.
Adam Smith would disagree with my first proposition, and Karl Marx would disagree with my second; the middle ground is the only position that leaves me comfortable.
We do not have in mind any time or price for sale. Indeed, we are willing to hold a stock indefinitely so long as we expect the business to increase in intrinsic value at a satisfactory rate.
An astute approach to market up and downs: Market who is your partner in a private business. Market appears daily and names a price at which he will either buy your interest or sell you his.
Indeed, if you aren't certain that you understand and can value your business far better than Mr. Market you don't belong in the game. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace.
It may give us the chance to buy more of a good thing at a bargain price. In such a case, we will sell our holdings. Sometimes, also, we will sell a security that is fairly valued or even undervalued because we require funds for a still more undervalued investment or one we believe we understand better.
You don't have to make it back the way that you lost it. Buy a stake in the company as if you own a business:Apr 03, · Book Review: “The Essays of Warren Buffett” By Kevin LaCroix on April 3, Posted in Warren Buffett Berkshire Hathaway Chairman Warren Buffett is often referred to as the “Sage of Omaha” and is respected for his business ashio-midori.comon: Auburn Drive, Suite , Beachwood, , OH.
REUTERS/Rick Wilking When Warren Buffett started his investing career, he would read , , or 1, pages a day.. Even now, he still spends about 80% of his day reading.
Apr 09, · The Essays of Warren Buffett, as the name suggests is the book about the investing style of Warren Buffett and his approach when it comes to investing in the businesses or buying them out.
The author has chosen these broad topics on which Warren Buffett have talked about to the Berkshire Hathaway shareholders through the company's Annual Report. /5. The Essays of Warren Buffett Summary Every year for nearly the last half century, Warren Buffet has written an annual letter to his shareholders sharing his views and thinking on markets and investing.
The Essays of Warren Buffett: Review, Quotes & Lessons Photo: Amazon We would like to share with you one of our favorite books – The Essays of Warren Buffett.
Warren Edward Buffett is an American investor, industrialist and philanthropist. He is widely regarded as one of the most successful investors in the world. Often called the "legendary investor, Warren Buffett", he is the primary shareholder, chairman and CEO of Berkshire Hathaway/5.