Warren Buffett Speaks: Wit and Wisdom from the World's Greatest Investor

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The world takes note when WARREN BUFFETT

"If people want to improve their investing skills, it has to help to study how the Master does it. This short book outlines Buffett's philosophy and techniques." - Peter S. Lynch, Vice Chairman Fidelity Investments

"Common sense with a deft irony . . ." - John C. Bogle, Chairman The Vanguard Group of Investment Companies

"It was Warren Buffett's thoughts and philosophy that first captivated investors. Janet Lowe has done us all a great service by collecting and arranging Warren Buffett's wit and wisdom in an easy-to-read and enjoyable book." - Robert G. Hagstrom, Jr. Portfolio Manager, Focus Trust author of The Warren Buffett Way

"A must-read. Buffett's wit and wisdom is a roadmap for anyone looking to succeed in business, investing, and life." - Steve Halpern Editor and Publisher Dick Davis Publishing

"With enough insider information and a million dollars, you can go broke in a year." "What I am is a realist. I always knew I'd like what I'm doing. Oh, perhaps it would have been nice to be a major league baseball player, but that's where the realism comes in." "If a graduating MBA were to ask me, 'How do I get rich in a hurry?' I would not respond with quotations from Ben Franklin or Horatio Alger, but would, instead, hold my nose with one hand and point with the other toward Wall Street."

Discover life's little secrets of success as revealed by the world's greatest investor. In this wise and winning collection of quotes, writings, and favorite sayings, Warren Buffett Speaks on diverse subjects such as investing, running a business, honesty, schoolteaching, paying taxes, and much, much more. Assembled by bestselling author Janet Lowe - and including a wealth of previously unpublished material - this unprecedented peek into the financial genius's wildly profitable philosophy is often surprising, always intriguing, and sparked throughout by Buffett's unique combination of savvy business smarts and wry wit. Here's just a sample of what you'll find "Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway." "All there is to investing is picking good stocks at good times and staying with them as long as they remain good companies." "Maybe grapes from a little eight acre vineyard in France are really the best in the world, but I always had a suspicion that about 99 percent of it is in the telling and about 1 percent of it is in the drinking." "I want to explain my mistakes. This means I do only the things I completely understand." "In the end, I always believe my eyes rather than anything else."

194 pages, Hardcover

First published January 1,1997

About the author

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Warren Edward Buffett is an American businessman, investor, and philanthropist who currently serves as the co-founder, chairman and CEO of Berkshire Hathaway. As a result of his investment success, Buffett is one of the best-known investors in the world. As of April 2024, he had a net worth of $139 billion, making him the ninth-richest person in the world.
Buffett was born in Omaha, Nebraska. The son of US congressman and businessman Howard Buffett, he developed an interest in business and investing during his youth. He entered the Wharton School of the University of Pennsylvania in 1947 before graduating from the University of Nebraska at 19. He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing pioneered by Benjamin Graham. He attended New York Institute of Finance to focus on his economics background and soon pursued a business career. He later began various business ventures and investment partnerships, including one with Graham. He created Buffett Partnership Ltd. in 1956 and his investment firm eventually acquired a textile manufacturing firm, Berkshire Hathaway, assuming its name to create a diversified holding company. Buffett emerged as the company's chairman and majority shareholder in 1970. In 1978, fellow investor and long-time business associate Charles T. Munger joined Buffett as vice-chairman.
Since 1970, Buffett has presided as the chairman and largest shareholder of Berkshire Hathaway, one of America's foremost holding companies and world's leading corporate conglomerates. He has been referred to as the "Oracle" or "Sage" of Omaha by global media as a result of having accumulated a massive fortune derived from his business and investment success. He is noted for his adherence to the principles of value investing, and his frugality despite his wealth.
Buffett has pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation. He founded the Giving Pledge in 2010 with Bill Gates, whereby billionaires pledge to give away at least half of their fortunes.


Community Reviews

Rating(3.9 / 5.0, 74 votes)
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74 reviews All reviews
March 31,2025
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This was a great overview of Buffett's life and has a lot of examples of his outlook on life. I think he is pragmatic and a great person.
March 31,2025
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Solid fast-paced introduction to Buffett’s philosophies that made me reconsider decisions I’ve made as a new investor. Though my investing goals are obviously more conservative than Buffett’s, his ideas are intriguing and still hold up today (even though his own philosophy has changed a bit through the years).

Note that Goodreads claims this edition was written by Buffett himself; however, it was written by late journalist Janet Lowe.
March 31,2025
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A captivating glimpse into the mind of one of the most admired figures in finance. As a fan of Warren Buffett, I found this book to be a treasure trove of valuable insights and life lessons. It beautifully captures his wit, wisdom, and investment philosophy through a collection of his quotes and interviews. While it doesn't offer in-depth analysis or groundbreaking revelations, it's an engaging read for anyone looking to gain a deeper understanding of Buffett's principles and a worthy addition to the library of a Buffett enthusiast.
March 31,2025
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Nice book with very witty and interesting quotes by Buffett on investment and his personal life. Must read for novice investors.
March 31,2025
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Might be the easiest way to get acquainted with Buffett's investing wisdom. I read the first edition (from 1997), and will be ordering the second one for my library.
March 31,2025
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A small book with powerful quotes from Buffet's interviews. I initially thought it would be solely about business advice, but the author actually talks diversely about his experience in life, from his early years in business, to his relationship with his mother, his college teacher who inspired him greatly, Bill Gates, and many other people. If you have time alone and want to refresh your busy working habit, this book is to read for pleasure. Enjoy the Wall Street's magician's wisdom.
March 31,2025
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After reading Michael Lewis's description of the odious machinations operated among piggish financiers at Salomon Brothers and elsewhere, the scandals related often on the finance pages of The Economist and the NYT Business section, reading Warren Buffett was a like finding a light in the wilderness. You feel, "At last somebody I can trust" exactly because his advice is not the be-all and end-all, nor does it claim to be. It's his personal opinions, backed up of course by the jaw-dropping charts on pp. 171-173, which show how Berkshire-Hathaway stock grew from 1986-1997.

Thanks to the excellent introduction and narrative framing by Janet Lowe, the Oracle of Omaha talks to you as if he were speaking to a friend or trusted confidante, maybe even a family member.
Chapters include topics such as "Work things out with your wife," "Share your wisdom," and "Expect to be out of step." People might call it folksy common sense, but again it is important to contextualize among the "experts" noted above. It is also good to remember that Buffett is still among us and doing fine; the history does not end in 1997, when this book first came out.

Buffett simplifies the economic world, yes, but why need it be so complicated? Don't you sometimes feel the "financial services" industry is throwing sand in our eyes to make us feel inferior? When speaking to the young bucks who man the phone lines at American Century and other finance companies, you feel like you're talking to a surly teenager, who is annoyed to speak to a layperson, since it is "so complicated."

I was very moved by the concept of "Work with good people," and only wish I had had the good fortune to do so at every step of my career. Which leads to another excellent section, called "Know when to quit."

Also good to know: "Don't worry about diversification" and "Invest for the long term." And in this election season, we should all remember what Warren Buffett says: "Pay your taxes and don't complain."

"Investing is one way of contributing to the public well-being," Buffett reminds us.
On that note, I immediately purchased some Berkshire-Hathaway /B stock.
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