Warren Buffett is widely regarded as the world’s greatest living stock
investor. As the CEO of Berkshire Hathaway, he is often cited as the
world’s wealthiest individual, with a personal fortune of around US$62
billion.
Berkshire’s annual shareholder’s meeting is always held in Omaha,
Nebraska and attracts over 20,000 people. The meetings, nicknamed
‘Woodstock for Capitalists’, are known for their light humor and reflect
the writing in the Annual Report.
In this fourth edition of Professor Cunningham’s book, Essays of
Warren Buffett: Lessons for Investors and Managers (Wiley; November
2013; ISBN: 978-1-118-82115-2), is the latest wisdom from Warren
Buffett’s annual letters to Berkshire Hathaway shareholders. Drawing
extracts from the Berkshire Hathaway annual report is a treasure trove
of sound advice for serious investors.
New material includes:
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the financial crisis and its continuing implications for investors,
managers and society
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the housing bubble at the bottom of that crisis
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the debt and derivatives excesses that fueled the crisis and how to
deal with them
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controlling risk and protecting reputation in corporate governance
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Berkshire’s acquisition and operation of Burlington Northern Santa Fe
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the role of oversight in heavily regulated industries
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investment possibilities today
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weaknesses of popular option valuation models
The Essays of Warren Buffett: Lessons for Investors and Managers, 4th
Edition is now available in paperback at Wiley.com, and coming soon
to all key online book retailers and major bookstores.
For more information, visit Wiley’s website at: http://www.wiley.com/buy/9781118821152.
Lawrence A. Cunningham is a Professor at George Washington University,
Washington, DC, a leading authority on value investing and advocate for
investors. He prepared this collection as the centerpiece of a symposium
featuring Buffett's letters, held when Cunningham was Director of The
Samuel and Ronnie Heyman Center on Corporate Governance at Cardozo Law
School, New York City. His numerous other books include What Is Value
Investing?, Outsmarting the Smart Money and How to Think Like Benjamin
Graham and Invest Like Warren Buffett.
