Will there ever be another investing book like this? It's unlikely. University of Berkshire Hathaway is a remarkable retelling of the lessons, wisdom, and investment strategies handed down personally from Warren Buffett and Charlie Munger to shareholders during 30 years of their closed-door annual meetings. From this front row seat, you'll see one of the greatest wealth-building records in history unfold, year by year.If you're looking for dusty old investment theory, there are hundreds of other books waiting to cure you of insomnia. However, if you're looking for an investing book that's as personal as it is revelatory, look no further.Packed with Buffett and Munger's timeless, generous, and often hilarious wisdom, University of Berkshire Hathaway will keep serious investors turning pages late into the night:Get unique insight into the thinking, strategies, and decisions--both good and bad--that made Buffett and Munger two of the world's greatest investors. Understand the critical reasoning that leads Buffett and Munger to purchase a particular company, including their methods for assigning value.Learn the central tenets of Buffett's value-investing philosophy "straight from the horse's mouth."Enjoy Munger's biting wit as he goes after any topic that offends him.Discover Buffett's distaste for "commonly accepted strategies" like modern portfolio theory.See why these annual meetings are often called "an MBA in a weekend."
Warren E. Buffett first took control of Berkshire Hathaway Inc., a small textile company, in April of 1965. A share changed hands for around $18 at the time. Fifty letters to shareholders later, the same share traded for $226,000, compounding investor capital at just under 21% per year-a multiplier of 12,556 times. This book compiles the full, un-edited versions of 50 years of Warren Buffett's letters to the shareholders of Berkshire Hathaway. In addition to providing an astounding case study on Berkshire's success, Buffett shows an incredible willingness to share his methods and act as a teacher to his many students. There are hundreds of books about Buffett's life, advice, and methods. These are his actual letters -- word for word -- a "lesson plan" of his views on business and investing. You can find most of the letters for free on Berkshire's website, but this compiles them into a well-designed, easily readable format. Features of the book: * 50 years of Warren Buffett's letters to the shareholders of Berkshire Hathaway (769 pages), including 1965-1976 letters not available on Berkshire's website * Tabulated letter years so you can easily flip to the desired letter * Topics index * Company index * Person index * Charts of: Growth in Berkshire's book value and market price relative to benchmarks, Insurance float and performance, the operating businesses of Berkshire
Warren E. Buffett first took control of Berkshire Hathaway Inc., a small textile company, in April of 1965. A share changed hands for around $18 at the time. Fifty-three letters to shareholders later, the same share traded for $297,600, compounding investor capital at just over 20% per year—a multiplier of 16,533 times.This book compiles the full, un-edited versions of every one of Warren Buffett's letters to the shareholders from 1965 to 2017, including 1965-1976 letters not available on Berkshire's website. In addition to providing an astounding case study on Berkshire's success, Buffett shows an incredible willingness to share his methods and act as a teacher to his many students.There are hundreds of books about Buffett's life, advice, and methods. These are his actual letters -- word for word -- a "lesson plan" of his views on business and investing. You can find most of the letters for free on Berkshire's website, but this compiles them into a well-designed, easily readable format.
The Essays of Warren Buffett: Lessons for Corporate America, Fourth Edition
The year 2015 marks the fiftieth anniversary of Berkshire Hathaway under Warren Buffett’s leadership, a milestone worth commemorating. The tenure sets a record for chief executive not only in duration but in value creation and philosophizing. The fourth edition of The Essays of Warren Buffett: Lessons for Corporate America celebrates its twentieth anniversary. As the book Buffett autographs most, its popularity and longevity attest to the widespread appetite for this unique compilation of Buffett’s thoughts that is at once comprehensive, non-repetitive, and digestible. New and experienced readers alike will gain an invaluable informal education by perusing this classic arrangement of Warren’s best writings. The fourth edition’s new material includes: Warren’s 50th anniversary retrospective, in what Bill Gates called Warren’s best letter ever, on conglomerates and Berkshire’s future without Buffett; Charlie Munger’s 50th anniversary essay on “The Berkshire System”; Warren’s definitive defense of Berkshire’s no-dividend practice; and Warren’s best advice on investing, whether in apartments, farms, or businesses.“Larry Cunningham has done a great job at collating our philosophy.” — Warren Buffett"Larry Cunningham takes Buffett's brilliant letters to a still-higher level by organizing them into single-subject chapters. The book begins, moreover, with an excellent introduction by Larry.” — Carol Loomis“This is a very important book. I recommend it to everyone who is interested in learning about investing, corporate governance, and business judgement.” — Bill Ackman“The book on Buffett—a superb job.” — Forbes“Extraordinary—full of wisdom, humor, and common sense.” — Money“A classic on value investing and the definitive source on Buffett.” — Financial Times“Cunningham has done a truly commendable job distilling and organizing the essence of Buffett's letter to Berkshire shareholders...While the essays reviewed in the latest edition of this volume range across a broad assortment of topics, for most readers the most valuable part of this book will be Buffett's lessons and insights on investing. It is extraordinarily rewarding to be able to survey the accumulated wisdom of one of the world's most successful investors.” — Kevin M. LaCroix, The D&O Diary
A detailed data visualization of Berkshire Hathaway for the 50 year period of leadership under Warren Buffett. From September 1964 to December 2014, the price of Berkshire Hathaway stock rose 18,262x, or over 21% annually. These charts detail the history and driving factors behind that growth.
The medium is a 36" x 18" matte print that looks just as good as wall poster as it does framed or mounted in an office (search "18x36 frame" on Amazon for good options). Berkshire financial data was obtained from a full 50 year collection of annual reports.
• Line charts of: Berkshire's stock price & book value, S&P 500, and CPI
• Performance of major investments: GEICO, Washington Post, Coca-Cola, Wells Fargo, American Express
• Annual breakdown of contributors to BV/share growth by category
• Snapshot of yearly balance sheet as a % of equity, including float funding
• 50 year price-to-book chart that includes stock issuance and repurchase dates
Prints are rolled and shrink-wrapped. To unroll safely for display: Unroll them, then roll them the opposite direction and leave them overnight. The next day, put it image side-down on a perfectly flat table, placing books over it to flatten. Be careful not to bend!
The Warren Buffett Shareholder: Stories from inside the Berkshire Hathaway Annual Meeting
In this engaging collection of stories, 43 veterans of the Berkshire Hathaway Annual Meeting explain why throngs attend year after year. Beyond the highlights of Warren's wisdom displayed on stage in his day-long Q&A with vice chairman Charlie Munger, these experts reveal the Berkshire meeting as a community gathering of fun, fellowship, and learning. The contributors, who include a dozen best-selling authors and many famous investors, whisk readers through the exciting events surrounding the Meeting--book signings, panel discussions, and social gatherings--and share the pulse of this distinctive corporate culture. Spanning decades, the book offers glimpses of the past and ideas on what lies ahead.To learn about what makes Buffett's shareholders tick and what happens at the Berkshire meeting, or to reminisce about past Meetings, make this delightful book your companion.
It is becoming more and more difficult to find well-managed companies in today’s business world. The recent financial blowups demonstrate the overriding lack of respect for shareholders. For their own benefit, management risks shareholder assets without restraint. If the risky bets pay off, bonuses are awarded. If the risky bets fail, it is no loss to management and they may just get a hefty severance package in the process. However, from back in the 1960s, one man, Warren Buffett, has dedicated himself completely to his shareholders. In managing Berkshire Hathaway, Buffett took a company worth $40 per share and built it into an empire worth close to $100,000 per share in today’s market. In spite of this incredible success, very few of Buffett’s actions are replicated in modern business practices. Building the Next Berkshire Hathaway outlines the business principles that helped establish this company as one of the best run in U.S. history. Whether you are an investor who wants to be able to recognize the potential for business success or an executive ready to establish policies that benefit your shareholders, this book is an indispensable resource. There are a number of books that will tell you how to invest like Warren Buffett―this book takes it a step further to show how his success as a CEO was tied to his treatment of shareholders.
Damn Right: Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger
Praise for Damn Right!From the author of the bestselling WARREN BUFFETT SPEAKS. . ."Charlie Munger, whose reputation is deep and wide, based on anextraordinary record of brilliantly successful business strategies,sees things that others don't. There is a method to his masteryand, through this book, we get a chance to learn about this rareindividual." -MICHAEL EISNER, Chairman and CEO, The Walt DisneyCompany"Janet Lowe uncovers the iconoclastic genius and subtle charmbehind Charlie Munger's curmudgeonly facade in this richly wovenportrait of our era's heir to Ben Franklin. With a biographer'sdetachment, an historian's thoroughness, and a financial writer'scommon sense, Lowe produces a riveting account of the family,personal, and business life of the idiosyncratically complex andendlessly fascinating figure." -LAWRENCE CUNNINGHAM, Cardozo LawSchool, Author of The Essays of Warren Buffett: Lessons forCorporate America"For years, Berkshire Hathaway shareholders and investors worldwide(me included) have struggled to learn more about Warren Buffett'scerebral sidekick. Now we can rest and enjoy reading Janet Lowe'sbook about this rare intellectual jewel called Charlie Munger."-ROBERT G. HAGSTROM, Author of The Warren Buffett Way"Charlie has lived by the creed that one should live a life thatdoesn't need explaining. But his life should be explained. In acity where heroism is too often confused with celebrity, Charlie isa true hero and mentor. He lives the life lessons that he hasstudiously extracted from other true heroes and mentors, from BenFranklin to Ben Graham. This book illuminates those life lessons."-RONALD L. OLSON, Munger, Tolles & Olson llp"Janet Lowe's unprecedented access to Charlie Munger and WarrenBuffett has resulted in a first-class book that investors,academics, and CEOs will find entertaining and highlyuseful."-TIMOTHY P. VICK, Money Manager and Author of How to PickStocks Like Warren Buffett
The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers
"Everyone knows Warren is the greatest investor of our time. . ..This book for the first time captures his genius as amanager."—Jack Welch The first book to reveal the investment and managementstrategies of the Berkshire Hathaway all-star management team. Muchhas been written about Warren Buffett and his investmentphilosophy; little has been made public about the inside managementof Berkshire Hathaway. With a market cap exceeding 100 billion ,Berkshire Hathaway has a market value surpassing many icons ofAmerican business such as Dell, AT&T, Disney, Ford, Gillette,American Express, and GM. Drawing on his personal experiences aswell as those of Berkshire's chief executives, officers, anddirectors interviewed for this book, Berkshire insider Robert P.Miles provides a unique look at the Berkshire Hathaway culture andits management principles.
Berkshire Beyond Buffett: The Enduring Value of Values (Columbia Business School Publishing)
Berkshire Hathaway, the $300+ billion conglomerate that Warren Buffett built, is among the world's largest and most famous corporations. Yet, for all its power and celebrity, few people understand Berkshire, and many assume it cannot survive without Buffett. This book challenges that assumption.In a comprehensive portrait of the corporate culture that unites Berkshire's subsidiaries, Lawrence Cunningham unearths the traits that assure the conglomerate's perpetual prosperity. Riveting stories of each subsidiary's origins, triumphs, and journey to Berkshire reveal how managers generate economic value from intangibles like thrift, integrity, entrepreneurship, autonomy, and a sense of permanence.Berkshire Beyond Buffett explores not only what will happen to Berkshire after Buffett, but presents all of Berkshire behind Buffett, the inspiring managerial luminaries, innovative entrepreneurs, and devotees of deep values that define this esteemed organization.Whether or not you are convinced that Berkshire can endure without Buffett, the book is full of management lessons for small and large businesses, entrepreneurs, family firms, and Fortune 500 CEOs. Enjoy entertaining tales from Berkshire's 50 main subsidiaries, including Dairy Queen, GEICO, Benjamin Moore, Fruit of the Loom, BNSF, Justin, Pampered Chef, Marmon, Clayton Homes, FlightSafety, and more.
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