Daniel Pecaut's Blog, page 4

5 star review for University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting via Amazon.com: Great book! Very informative

This is an outstanding book. As the Bible tells us, seek wisdom and knowledge above silver and gold. A recommended read for those looking to learn more about value investing or how to build a great company step buy step.

5 star review for University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting via Goodreads:

I've long been an admirer of Warren Buffet. Years ago I was in a business training seminar and the presenter suggested we choose a business person we admire and copy them. I chose Warren Buffet and learned all I could about him. It's refreshing to revisit those thoughts and feelings I had then as I was taken through the 30 years of the Annual Shareholders Meetings as viewed through the eyes of two very talented and successful investors. The wisdom and wit of both Warren Buffet and Charlie Munger are showcased here and if it were only for that, this book is highly recommended. But for me the highlights of this book is the reaffirmation of Buffet's philosophy for living.
Living rich isn't about 'having' - one only needs so much. "After you have enough for daily life, all that matters is your health and those you love. Likewise in work, what really matters is that you enjoy it and the people with which you work." And he likened caring for our bodies to caring for one's car: "... we each receive one body and one mind for a lifetime. You cannot repair them at age 60. You must maintain them. One���s greatest asset is one���s self. Develop your mind and good health habits when you are young, and it will enhance your life. If not, you may have a wreck at age 70."
And what about developing oneself? "Buffett suggested it is helpful to list the qualities you would want in a friend and then seek to instill those qualities in yourself. He emphasized that it���s a matter of choice, not DNA. Anyone can develop good character and quality lifetime habits." And finally, I was so impressed by this comment: "Buffett claimed that you are successful if the people you hope love you, do love you. He and Munger agreed that making money is no replacement for friendship and happiness."
Similarly, I am impressed by their generosity in sharing what made Berkshire Hathaway the success it is, and how important it is in a nation to cultivate the principle of fairness.
The book is full of observations by the authors; lots of resources pointing to an understanding of the investment sector and how to develop an investor's mind. This is one book I'll be referring to many times in the future. And it's one I highly recommend whatever level of investor you are, or if you are 'only' interested in understanding the man behind this amazing company.

5 star review for University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting via Goodreads:

Loved this book. A good addition to the Buffett / Munger library.

5 star review for University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting via Amazon.com: A lot of useful advice from the Warren Buffett and Charlie Munger

A lot of useful advice from the Warren Buffett and Charlie Munger.
Certainly something I am going to re-read from time to time.

5 star review for University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting via Amazon.com: Great crib sheet for pearls of wisdom from 50 years of BH shareholder meetings

I like this book. Like many people perhaps, over the years I've set aside the Buffet letters with intentions to read them, but they never seem to rise to the top of the heap. So this collection of summaries of Berkshire Hathaway annual meetings fit my needs well.

This book needs to be studied and not read, though. Periodically -more than I would have thought- I encountered unfamiliar phrases that seem to be important concepts that sent me digging deeper elsewhere.

I really didn't want to finish it too quickly because reading it is like meditation: a little bit regularly seems to be more valuable than a lot at once. I will say I did a lot of highlighting so I can come back to these again. Also, I added four more books to my queue as a result of pointers in the book.

The authors point out that because this is a compendium of newsletters from years past, they edited out redundancy. From my reading I think they did a good job - sufficient redundancy to emphasize key points, but not so much as to be repetitive. Also, I liked the length of the book.

I'd give the book a 4.5 if I could, but I found I was wanting for some additions to the book - perhaps in a future edition!

1. Sometimes, the authors use terms of art that are important financial concepts that may not be well known to the amateur investor. Would have been nice to add pointers.

2. Sometimes, the language is ambiguous and could stand more editing for clarity. Mostly, these are stylistic and it's entirely possible they were introduced as the editing removed some context that was deemed redundant. I realize this was probably a challenge as they state they did not want to overly edit historical documents. But, I think the product would be better if they let go of that idea -- it's not like this is a record of state.

3. I would have loved some retrospective evaluation (in callouts or sidebars) where Warren made forecasts. We have the luxury of distance from many of these prognostications, so let's see the scorecard!

All in all, I recommend the book to people like myself, amateur investors who would like a little but of Warren's wisdom to rub off! Others may find it useful, too.

5 star review for University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting via Amazon.com: On my short list of favorite investment books...

I read (and thoroughly enjoyed) this book a couple of months ago. It's on my short list of favorite investment books of the year.

I'm staring at a bookshelf with hundreds of investing titles, and "University" is a fine addition. There���s quite a bit here for neophytes, general business afficionados, and Buffett-aholics alike.

5 star review for University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting via Amazon.com: Good read

Enjoyed this book. If you are a Buffet, Munger fan you will too. Good review of berkshire hathaway annual meetings.

5 star review for University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting via Amazon.com: Great chronological summary

Very Good Read

Nicely written summary of AGMs of Berkshire Hathway and teachings of Professors Buffet & Munger.
A must read for a value investor.

5 star review for University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting via Goodreads:

Very Good Read

Nicely written summary of AGMs of Berkshire Hathway and teachings of Professors Buffet & Munger.
A must read for a value investor.

5 star review for University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting via Amazon.com: This one I highly recommend to people who are just starting to dive into ...

I've read a lot of books about Warren and Charlie and Investing in general. This one I highly recommend to people who are just starting to dive into the fascinating world of investing and people who want to learn excellent life advice from two of the most successful investors. It is an easy read, unlike books like The Essays of Warren Buffet which is much harder to follow. If you still have doubts about the quality of this book check out my blog post on karlbooklover dot com.