5 star review for University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting via Amazon.com: Great crib sheet for pearls of wisdom from 50 years of BH shareholder meetings
I like this book. Like many people perhaps, over the years I've set aside the Buffet letters with intentions to read them, but they never seem to rise to the top of the heap. So this collection of summaries of Berkshire Hathaway annual meetings fit my needs well.
This book needs to be studied and not read, though. Periodically -more than I would have thought- I encountered unfamiliar phrases that seem to be important concepts that sent me digging deeper elsewhere.
I really didn't want to finish it too quickly because reading it is like meditation: a little bit regularly seems to be more valuable than a lot at once. I will say I did a lot of highlighting so I can come back to these again. Also, I added four more books to my queue as a result of pointers in the book.
The authors point out that because this is a compendium of newsletters from years past, they edited out redundancy. From my reading I think they did a good job - sufficient redundancy to emphasize key points, but not so much as to be repetitive. Also, I liked the length of the book.
I'd give the book a 4.5 if I could, but I found I was wanting for some additions to the book - perhaps in a future edition!
1. Sometimes, the authors use terms of art that are important financial concepts that may not be well known to the amateur investor. Would have been nice to add pointers.
2. Sometimes, the language is ambiguous and could stand more editing for clarity. Mostly, these are stylistic and it's entirely possible they were introduced as the editing removed some context that was deemed redundant. I realize this was probably a challenge as they state they did not want to overly edit historical documents. But, I think the product would be better if they let go of that idea -- it's not like this is a record of state.
3. I would have loved some retrospective evaluation (in callouts or sidebars) where Warren made forecasts. We have the luxury of distance from many of these prognostications, so let's see the scorecard!
All in all, I recommend the book to people like myself, amateur investors who would like a little but of Warren's wisdom to rub off! Others may find it useful, too.
This book needs to be studied and not read, though. Periodically -more than I would have thought- I encountered unfamiliar phrases that seem to be important concepts that sent me digging deeper elsewhere.
I really didn't want to finish it too quickly because reading it is like meditation: a little bit regularly seems to be more valuable than a lot at once. I will say I did a lot of highlighting so I can come back to these again. Also, I added four more books to my queue as a result of pointers in the book.
The authors point out that because this is a compendium of newsletters from years past, they edited out redundancy. From my reading I think they did a good job - sufficient redundancy to emphasize key points, but not so much as to be repetitive. Also, I liked the length of the book.
I'd give the book a 4.5 if I could, but I found I was wanting for some additions to the book - perhaps in a future edition!
1. Sometimes, the authors use terms of art that are important financial concepts that may not be well known to the amateur investor. Would have been nice to add pointers.
2. Sometimes, the language is ambiguous and could stand more editing for clarity. Mostly, these are stylistic and it's entirely possible they were introduced as the editing removed some context that was deemed redundant. I realize this was probably a challenge as they state they did not want to overly edit historical documents. But, I think the product would be better if they let go of that idea -- it's not like this is a record of state.
3. I would have loved some retrospective evaluation (in callouts or sidebars) where Warren made forecasts. We have the luxury of distance from many of these prognostications, so let's see the scorecard!
All in all, I recommend the book to people like myself, amateur investors who would like a little but of Warren's wisdom to rub off! Others may find it useful, too.
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