Warren Buffett Speaks by Janet Lowe is a collection of quotes, stories and philosophy about Warren Buffett, one of the world’s most successful investors.
It’s a great book and gives a very helpful insight into Buffett’s mind and approach to life. It’s easy to read, enjoyable and provides a roadmap for anyone who wants to succeed in business, investing and life.
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The book gives a good Amount of information on investing style of Buffet. All people around life of Buffet are introduced and roles explained well. Language of book seems like a continuous interview with Buffet. Not in much detail and not a biography but a good overview for those who have heard about Buffet.
When Warren Buffett Speaks. . . people listen. "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, Fidelity Investments
"Common sense with a deft irony . . ." --John C. Bogle, founder of The Vanguard Group and author, The Little Book of Common Sense Investing It's very true, when Buffett speaks most take heed. Over his career, Warren and his partner Charlie Munger have accomplished an investing record few could ever duplicate. Warren will say in many cases they got lucky, but his record speaks of more than just "luck" Janet Lowe has compiled a biography of sorts containing Warrens views and ideas on investiong, he admits to his mistakes and his misses. Overall this was an entertaining and enlightening read.
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.
Well organized collection of Buffett's wisdom over the years. There are a few contradictions, but I guess everyone changes their mind on things over w long enough career. I enjoyed it.
GREAT INVESTMENT OPPORTUNITIES COME AROUND WHEN EXCELLENT COMPANIES ARE SURROUNDED BY UNUSUAL CIRCUMSTANCES THAT CAUSE THE STOCK TO BE MIS-APPRAISED.
Buffett describes his style at 85% Graham and 15% Fisher.
Projections are no good. They are put together by people who have an interest in a particular outcome and therefore have a subconscious bias. They are unintentional lies which are the worst kin as the forecaster often believes them himself.
If you let yourself be indisciplined on the small things you would probably be undisciplined on the large things also.
There is nothing like writing to force you to think and to get your thoughts straight.