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Rating(4 / 5.0, 100 votes)
5 stars
32(32%)
4 stars
39(39%)
3 stars
29(29%)
2 stars
0(0%)
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100 reviews
April 1,2025
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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.
April 1,2025
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"The Essays of Warren Buffett: Lessons for Corporate America" is an exceptional resource for anyone seeking success in the business and finance world. Lawrence A. Cunningham has brilliantly curated Warren Buffett's insights and wisdom, providing unparalleled access to one of the greatest financial minds in history.

The book has a significant impact due to Buffett's emphasis on ethical behavior, long-term planning, and intrinsic value. The real-life case studies reinforce the credibility of the concepts presented, and Buffett's use of simple yet effective analogies makes it accessible to individuals at any career level.

In conclusion, "The Essays of Warren Buffett: Lessons for Corporate America" offers profound insights into the principles that drive success in business and investing. This book has significantly impacted my approach to various aspects of my professional life, and I highly recommend it to anyone seeking a profound understanding of these principles. Five stars, without hesitation.
April 1,2025
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It's got some interesting points, and it taught me some stuff about businesses. But it's terribly repetitive. The main points could probably have been expressed in a ten-page essay instead of a 230-page book. I sympathize with the business students who have to use it as a textbook.
April 1,2025
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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
April 1,2025
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A little dry to read, but gives incredible insight into one of the best investors to ever live.

There's a lot of takeaways from Buffett's essays, but the big one for me is that sticking to what you know and can excel at is not a weakness, but a strength. Don't try to over extended yourself beyond the limits of your expertise ("Circle of Competence").
April 1,2025
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Whenever I'm reading Warren Buffets words, I feel I'm having a peak on a brain of someone very sharp. This collection of selected essays on corporate finance topics is now slightly outdated, yet still informative and pleasurable to read.
April 1,2025
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This book bolstered my passion for investing and cemented my desire to make it my vocation, rather than the many other prestigious paths to "money-shuffling" Buffett is notoriously critical of. I was surprised by some of the lessons I learned from Buffett. Two that immediately come to mind are 1) the malleability of Wall Street's most sacred metrics (net income, EPS to name a few), and 2) how important ethics in business are for both businesses' long-term economic health and individuals' personal health.
April 1,2025
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I read this book hoping to learn more about investment and business from one of the world's best investors, which this book delivers in spades.

Easy to read and understand. Great fundamentals. Best takeaways are to invest in solid companie whose services will be needed in a hundred years - like coke, rather than in technology who may be here today, gone in 5 years.

It's better to invest for the longterm in a handful of a great business that is managed well than to waste the time and effort investing in lots of mediocre companies.
April 1,2025
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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 should be run and investments should be made this book will be valuable.

First, however, you'll have to get through a fantastic counterexample of good business writing: the editor's preface, which comprises the first 10% of the book. Seriously, you can just skip it. It's a summary of what Buffet says, rephrased in abstract and bland terms, and adds nothing. It does do a good job of making Buffet's writing look better, though. Thankfully the editor's conclusion is not as bad, chiefly because it has the virtue of being two pages long.

Some main points from Buffet's writing:
- Know your limitations and work within them. Buffet knows his grasp on technology-related business is tenuous so he doesn't try to get involved in tech.

- Focus on the business, not the stock: you are buying ownership in a company you will hold for a long time because it has good long term prospects and is well run, and if you are not buying for this reason you should be. After that, don't buy the stock unless its price is well below the intrinsic value of the company.

- Company managements should be retaining their earnings if and only if they can turn each dollar of retained earnings into more than one dollar of business value for the shareholders, and if they can't do that they shouldn't be retaining it.
April 1,2025
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Lessons for Corporate America: Warren Buffet

Extremely interesting book. The author summarizes Berkshire's and Buffet way of thinking on multiple themes around investing, accountability, governance and valuation based on the annual shareholders letters and Buffets essays. The book is very well organized for that objective.

Main subjects:
- Corporate Governance
- Full and Fair Disclosure
- Boards and Managers
- The Anxieties of Business Change
- Social compacts
- Owner based approach to Corporate charity
- Principled approach to executive pay
- Risk, Reputation and oversight
- Corporate culture
- Finance and investing
- Farms, Real Estate and Stocks
- Mr Market
- Arbitrage
- Debunking standard dogma (EBITDA, multiples)
- Value investing (redundancy)
- Intelligent investing
- Cigar butts and the institutional imperative
- Life and Debt
- Investment Alternatives
- Surveying the field
- Junk bonds and the dagger thesis
- Zero-coupon bonds
- Preferred stocks
- Derivatives
- Foreign currencies and equities
- Home ownership
- Common Stock
- Cost of trading
- Attracting the right sort of shareholders
- Dividend policy and share repurchase
- Stock splits and invisible foot
- Shareholder strategies
- Berkshire recapitalization
- Berkshire dividend policy
- M&A
- Bad motives and high prices
- Sensible share repurchases
- LBO
- Sound acquisition policies
- On selling one's business
- The buyer of choice
- Valuation and accounting
- Aesop and inefficient bush theory
- Intrinsic value, book value, market price
- Look through earnings
- Economic versus accounting goodwill
- Owner earnings and the cash flow fallacy
- Option Value
- Accounting Shenanigans
- Standard setting
- Stock options
- Restructuring charges
- Pension estimates and retirement plans
- Realization events
- Taxation
- Distribution of the corporate tax burden
- Taxation and investment philosophy
- Conglomerates
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