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The Essays of Warren Buffett: Lessons for Corporate America

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4.37 of 5 stars 4.37  ·  rating details  ·  1,835 ratings  ·  50 reviews
The extensive additional content in this second edition underscores topics of vital national or international significance. Some topics have been addressed in letters contained in previous editions by adding important new insights on recent developments; most consider subjects not previously addressed in the first edition. Topic highlights are the following:

the passion f
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Paperback, Second Edition, 289 pages
Published April 1st 2008 by Carolina Academic Press (first published January 1st 1998)
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Robert
Cunningham organizes the essays within seven sections between Buffett's Prologue (Pages 27-28) and his Epilogue (Pages 273-282):

I Corporate Governance
II Corporate Finance and Investing
III Alternatives to Common Stock
IV Common Stock
V Mergers and Acquisitions
VI Accounting and Valuation
VII Accounting Policy and Tax Matters

As Buffett explains in his Prologue, members of Berkshire Hathaway's shareholder group receive communications directly "from the fellow you are paying to run the business.
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Asif
Another masterpiece. There are some books of 200 pages that take me more time to read than books of 400 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.
Brady Bunte
This book is a great, well organized compilation of Mr. Buffett's famous "Letters to Shareholders" which appear in the annual reports of Berkshire Hathaway.
It has been recently updated to include the letters to shareholders written since the book was first released in 1996, a new introduction has been written, and a new, tougher, blue cover has been added. Mr. Buffett advised shareholders at the 1999 & 2000 Berkshire Hathaway annual meeting if he had to pick a single book describing his meth
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Jacob
If, when I bring up that this is a "greatest hits" of excerpts from Berkshire Hathaway annual reports written by Warren Buffet, you are already wishing you clicked away from this to anywhere else on the Internet -- ANYWHERE, PLEASE -- then mentioning that Buffet is actually not too hard to read won't help much. Nevertheless, Buffet states and re-states his principles clearly and succinctly and often provides amusing anecdotes or related jokes, and if you're at all interested in how businesses sh ...more
Suman
Jul 21, 2007 Suman rated it 4 of 5 stars  ·  review of another edition
Recommends it for: anyone interested in investing
This is an excellent book on how business should be run. Larry Cunningham does an excellent job rearranging Buffett's expositions in his annual report to show Buffett's approach on investing and life. In a world where Wall Street looks for short-term gains at all cost, Buffett stands out in making sure that his investing world is as equitable as possible. This book should be read by anyone interested in investing
John Doyle
The book is a curated compendium of excerpts from Buffet's famous shareholder letters. Topics range from corporate governance to stock option accounting so some previous interest in these fascinating topics is good context for enjoying the book. I especially enjoyed the many pithy quotes that captured a nuanced point in a memorable way. (e.g., on his policy of only working with people he likes and admires: "working with people who cause your stomach to churn seems much like marrying for money -- ...more
Michael
They don't call Buffett the Oracle of Omaha for nothing, and you'll find many reasons why in this compendium. Few writers translate complex concepts into memorable examples so well.
Gene Panasenko
Very impressing!






































Gene Panasenko
Phillip
This is just a compilation of Buffett's shareholder letters that one can get for free at berkshirehathway.com, but it organizes his thoughts on different subjects that some may prefer than reading his chronological shareholder letters.

This is 5 stars because I've never witnessed a better grasp of business than Warren Buffet. He is, quite simply, the Mozart of investing, by that, I mean we won't witness another. A lot has been said how brilliant Buffett is and Buffett has probably fanned those fl
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Manoj Chugh
Warren himself said that this is the only book which has come closest to his investing principles. I think this is because Larry has compiled Warren's letters into a book. However saying that this is just a compilation will be understatement... Larry has spent a long time to organize the topics from various letters and put them in a wonderful order. This book is hugely interesting, at some places it becomes really funny because of Warren's quotations. You can find Warren's letters online for fre ...more
Tyler
Lawrence A. Cunningham opens this book with an appropriate excerpt from the essays of Michel de Montaigne: "The speech I love is simple, natural speech, the same on paper as in mouth; a speech succulent and sinewy, brief and compressed, not so much dainty and well-combed as vehement and brusque."

There is no shortage of books on Warren Buffet. It is an interesting state of affairs: numerous writers, pundits, and other Warren Buffet "experts" opining on the life and investing decisions of perhaps
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Matthew
I wasn't expecting to like this so much -- one hears so much about Buffett in the daily press that one likes to think one could anticipate what he would say about investing. Yet, while that is true -- there is nothing in here that is surprising in terms of his approach to investing and stock picking, Buffett's quick turnover of legalistic sounding issues like shareholder rights or dividend policy is very illustrative of what investing is really about: capital allocation. It gives one several ide ...more
Otmane El Rhazi
Oct 11, 2014 Otmane El Rhazi rated it 5 of 5 stars  ·  review of another edition
Recommends it for: Analyst and professionals
A real goldmine essay. You will enjoy reading it and re-reading it again and again as it is a particularly awesome book. Totally recommend it to analyst and professionals. I have made it on my list of recommended book on my Ph.D website.

Warmly yours,
Otmane El Rhazi.
May
While somewhat dry, this is a must read for those who seek to understand investing. What makes this particular book interesting is that the author has done a great favor in dividing the chapters by asset class/type. It is not just Buffetism's and the how-to's of choosing stock. Instead, you get a sense for how Buffett looks at each asset class in assessing validity and potential investor value.

There is also a fair amount of humility written throughout the book; particularly heart-warming as it
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Murciaspain
WB has a big wallet and a big heart. He is the only man I know who tells congress to eliminate tax deductions to rich PPLE or rich companies. Why should the govt have to help companies buy pens fly to meetings or pay electricity. The company will do it anyway if they want to get rich .capitalism will pay them Great ideas. Tax deductions to stimulate economy should be curtailed and let capitalism reward them with profit. If a govt has money to spend spend it on the public not give it as a deducti ...more
Zack
There are times when good men can admit defeat in the face of complexity... and this is one of those times. Warren Buffett is obviously a sharp businessman and he is possessed of a great wit. Nevertheless, I found myself becoming mired down in the deep seas of financial information in this book. This collection of essays wades into the deep water, at least for a lay person not educated in business finance. Buffet's advice falls not so much into the "leadership" or even basic management genres so ...more
Clement Ting
Without a background in Accounts and Finance, the final few chapters are indeed a challenge to comprehend despite the simplicity the author has tried so hard to in fulfilling. Notwithstanding, the earlier chapters can also prove challenging if not for the help of my friends.

Fortunately I am able to grasp the basic ideas and concepts the author is trying to convey and that simple information on its own is golden. I rate it a 4 due to the complexity I find in the book, and will give it a 5 when I
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Andrew
Warren Buffet is not only an excellent investor, he is an excellent writer. He is able to communicate complex financial concepts clearly and engagingly with a surprising variety of analogies. Though many of his pop-culture references are quaint, this adds to the distinctiveness of the presentation.

Needless to say, Buffet has some contrarian views on sometimes sophisticated subject matter (for example he's a skeptic about board independence) - he is able to convey his perspective in an intelligen
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Ross
Mildly interesting, but most of it very dated, although this was an updated edition from 2008. Buffet does have a way of turning a clever phrase and interjecting some wry humor in discussing the otherwise very dry business of managing his investment firm. One point he keeps harping on, however, is his utter disdain for modern portfolio theory, which does become tedious.
Sam
Genius investor Warren Buffett's writing is accessible, and full of aphorisms & anecdotes, but this is not a step-by-step investing how-to book, so it’s probably more appropriate for readers who are already somewhat knowledgeable about investing. Also, readers who are disinterested in corporate governance issues may want to skip through those parts.
Brian Zheng
Buffet says "��The most representative book on my thinking is what Larry Cunningham put together."�� Edited by Larry from the famous Warren Buffet��'s Letters to Berkshire Shareholders. Although even the most updated 3rdedition only cover till 2006 letter, you can easily find the recent letters to shareholders from Berkshire Hathaway website.
Ryan Rommann
One of my favorite books. Educational, entertaining, humorous, and inspiring. The essays are ingeniously simple, yet so few people follow the words of wisdom for investing, management, and business ethics. After reading, I can only hope to be half as honorable as Buffet... and maybe a hundredth as rich.
Dave
There were jewels of wisdom in every paragraph. It was deep enough that I had to read a few pages and then think about em for a few days. It's not a book that I could read cover to cover in a few days, not because of the length, but because of the depth.

Dan
Collection of excepts from annual letters.
Elizabeth
A rather dry read at times, this book is a collection of Warren Buffett's writings on corporate America. I'd recommend that this be read by any businessman or woman looking for a good perspective on running a corporation.
Matt
An essential read for anyone interested in finance, accounting, or business in general. Mr. Buffett's writing is remarkably down-to-earth, but incredibly dense with insights. I will be returning to this book often for reference.
Chris
This compilation of writings by Warren Buffet brings to light some key insights that are great to consider when evaluating any company. I particularly liked his comments on accounting, acquisitions, and taxes.
Trevor
Forget about the other investing books and just read this. There's enough information for you to think about that it makes it unworthwhile for you to read the other books.
Senthil
This book is not only for financial guys but also for entrepreneurs, to get a taste of enormous financial knowleadge acquired by buffet in running berkshire.
Drew
Easily the best business book I have read and maybe on of the best of all-time. You don't have to be interested in business for this book to be of value.
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