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The New Tao of Warren Buffett: Wisdom from Warren Buffett to Help Guide You to Wealth and Make the Best Decisions About Life and Money
A new collection of simple yet powerful words and wisdom from Warren Buffett about today’s economy and how investing has changed in the past two decades—from crypto to climate change—compiled and commented upon by bestselling authors Mary Buffett and David Clark.
Warren Buffett’s investment achievements are unparalleled. He owes his success to hard work, integrity, and the most elusive commodity of all, common sense. In The New Tao of Warren Buffett, Mary Buffett—coauthor of the bestselling Buffettology series—joins David Clark to bring readers more of Warren Buffett’s smartest, funniest, and most memorable sayings that reveal the life philosophy and the investment strategies that have made Warren Buffett, and the shareholders of Berkshire Hathaway, so enormously wealthy. Culled from a variety of fresh sources, including personal conversations, corporate reports, profiles, and interviews, the new quotations here reflect Warren’s practical strategies and provide useful tips for every investor, large or small. Including short explanations for each quote and examples from Buffett’s own business transactions, these ruminations on everything from AI to inflation illustrate his words at work. Inspiring, thought-provoking, and invaluable, this irresistibly browsable book offers priceless investment savvy that anyone can take to the bank—and is destined to become a new classic.
272 pages, Hardcover
Published November 5, 2024
44 people are currently reading
2177 people want to read
About the author
Mary Buffett
48 books151 followersMary Buffett is a best-selling author, international speaker, entrepreneur, political and environmental activist. Ms. Buffett’s first book Buffettology, co-written with David Clark in 1997, was an immediate New York Times and Business Week best-seller. Since that time, all seven of Ms. Buffett’s books have been best-sellers.
Ms. Buffett appears regularly on television as one of the top finance experts in America including CNN Business News, CNBC’s Squawk Box, Power Lunch with Bill Griffith, Bloomberg News, Fox Business News, MSNBC’s Headliners and Legends and BBC News.
She has appeared around the world as a principal speaker at some of the world’s most prestigious organizations including recent appearances with Laura Bush, Colin Powell and other prominent achievers filling arenas around the country as part of the Get Motivated seminar series.
Ms. Buffett has worked successfully in a wide range of businesses including extensive work as a consultant to a number of Fortune 500 companies including AOL Time Warner, as an executive at Columbia Records and as co-founder or her own music and editorial post-production companies, Independent Sound and Superior Assembly, working with many of the music industry’s biggest stars. She has also taught Business and Finance at several California State Universities, including UCLA.
Mary is the proud mother of three successful children and lives in California.
Ms. Buffett appears regularly on television as one of the top finance experts in America including CNN Business News, CNBC’s Squawk Box, Power Lunch with Bill Griffith, Bloomberg News, Fox Business News, MSNBC’s Headliners and Legends and BBC News.
She has appeared around the world as a principal speaker at some of the world’s most prestigious organizations including recent appearances with Laura Bush, Colin Powell and other prominent achievers filling arenas around the country as part of the Get Motivated seminar series.
Ms. Buffett has worked successfully in a wide range of businesses including extensive work as a consultant to a number of Fortune 500 companies including AOL Time Warner, as an executive at Columbia Records and as co-founder or her own music and editorial post-production companies, Independent Sound and Superior Assembly, working with many of the music industry’s biggest stars. She has also taught Business and Finance at several California State Universities, including UCLA.
Mary is the proud mother of three successful children and lives in California.
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Displaying 1 - 25 of 25 reviews
May 23, 2025
Just finished The New Tao of Warren Buffett by Mary Buffett and David Clark! An insightful, inspirational book filled with pearls of wisdom collected from Berkshire Hathaway AGMs, annual reports and interviews, this new book explains Warren Buffett's approach to life, work, finance and investments, and has certainly given me food for thought. After reading this, I managed to deep dive into Warren Buffett's life, understand how he got to where he is today, as well as how he's managed to grow Berkshire Hathaway to the behemoth it is today.
Here are some of my favourite quotes:
'If you invest in yourself, no one can take it away from you.'
'The difference between successful people and really successful people is that really successful people say no to almost everything. You've got to keep control of your time, and you can't unless you say no. You can't let people set your agenda in life.'
'If you're going to spend eight hours a day working, the most important thing isn't how much money you make, it's how you feel during those eight hours, in terms of the people you're interacting with, and how interesting what you're doing is to you.'
'You can always tell someone to go to hell tomorrow.'
'Apple is a better business than any of our other businesses... People are paying $1,000 for an Apple iPhone and $35,000 for a second car - if they had to give up one or the other, they would give up the second car.'
'Write your own obituary and then try and figure out how to live up to it.'
'If you find evidence that is contrary to what you already believe, write it down, or else your mind will block it out. People have a great resistance to new evidence.'
'People cling to cash usually at the wrong times.'
'The stock market is a device for transferring money from the impatient to the patient.'
'What we want is a business with a durable competitive advantage, we want a business we understand, and we want a management we like and trust. And then we want a price that makes sense.'
Disclaimer: This book and this book review are not intended and should not be construed as investment, financial, accounting, or legal advice.
Here are some of my favourite quotes:
'If you invest in yourself, no one can take it away from you.'
'The difference between successful people and really successful people is that really successful people say no to almost everything. You've got to keep control of your time, and you can't unless you say no. You can't let people set your agenda in life.'
'If you're going to spend eight hours a day working, the most important thing isn't how much money you make, it's how you feel during those eight hours, in terms of the people you're interacting with, and how interesting what you're doing is to you.'
'You can always tell someone to go to hell tomorrow.'
'Apple is a better business than any of our other businesses... People are paying $1,000 for an Apple iPhone and $35,000 for a second car - if they had to give up one or the other, they would give up the second car.'
'Write your own obituary and then try and figure out how to live up to it.'
'If you find evidence that is contrary to what you already believe, write it down, or else your mind will block it out. People have a great resistance to new evidence.'
'People cling to cash usually at the wrong times.'
'The stock market is a device for transferring money from the impatient to the patient.'
'What we want is a business with a durable competitive advantage, we want a business we understand, and we want a management we like and trust. And then we want a price that makes sense.'
Disclaimer: This book and this book review are not intended and should not be construed as investment, financial, accounting, or legal advice.
June 30, 2025
Reflexiones de Warren Buffet relacionados con la inversión y otros temas.
Simple, breve y de alto valor.
Siempre aprendo de Warren.
Citas
■ “N°59: Prefiero aprender de los errores de otras personas”. [Pág 104]
■ “N°69: Si le debe al banco $ 100, ese es su problema. Si le debe al banco $ 100 millones, ese es el problema del banco”. [Pág 121]
■ “N°83: Si invierte en ti mismo, nadie puede quitarte de ti”. [Pág 150]
■ “N°87: Si te quedas con personas que se comportan peor que tú, muy pronto comenzarás a ser arrastrado en esa dirección”. [Pág 154]
■ “N°91: ¿Cómo defino el éxito... si las personas que te aman son las personas que quieres amarte, eres un éxito... puedes tener todo el dinero en el mundo, con hospitales y bibliotecas que llevan su nombre, pero si a nadie le importa, en mi opinión, no eres un éxito”? [Pág 159]
■ “N°92: Los ricos invierten en el tiempo; los pobres invierten en dinero”. [Pág 160]
■ “N°124: Si va a pasar ocho horas al día trabajando, lo más importante no es cuánto dinero gana, es cómo te sientes durante esas ocho horas, en términos de las personas con las que estás interactuando y lo interesante que estás haciendo para ti.
Piénselo por un momento: la persona promedio está despierta 120 horas a la semana, si se pasan 40 de esas horas en el trabajo, posiblemente estamos pasando un tercio de nuestra vida adulta despierta en nuestros trabajos. Si no nos gustan las personas con las que estamos trabajando, puede convertirse rápidamente en una vida realmente miserable, incluso si estamos ganando mucho dinero.
Warren siempre ha aconsejado a los jóvenes que elijan el trabajo que les interesa y trabajan para las personas a las que respetan y les gus-tan. De esa manera, estarán entusiasmados por levantarse por la mañana e ir a trabajar, y lo disfrutarán y lo encontrarán interesante. Cuál es el primer paso para vivir una vida feliz y satisfactoria. ¿Pero qué pasa con el dinero?
Si a uno le encanta lo que hacen, es probable que lleguen a la cima de su profesión. Warren no ganó dinero cuando fue a trabajar para Benjamin Graham en Wall Street, pero le encantó lo que estaba haciendo. Jeff Bezos comenzó a Amazon vendiendo libros de su garaje, trabajando sesenta horas a la semana y a menudo dormía en su escritorio, pero le encantaba la resolución de problemas y la creatividad que conlleva la construcción de algo que era completamente nuevo. J. K. Rowling era una madre soltera que vivía en el bienestar cuando se inspiró para escribir Harry Potter y la piedra filósofa. Si trabajas en algo que amas, vendrá el dinero. Y si no es así, a quién le importa, estás disfrutando de tu vida laboral, ¿y cuántas personas pueden decir eso?”. [Pág 208]
■ “N°125: La diferencia entre personas exitosas y personas realmente exitosas es que las personas realmente exitosas dicen que no a casi todo. Debes mantener el control de tu tiempo, y no puedes a menos que digas que no. No puedes dejar que las personas establezcan tu agenda en la vida”. [Pág 210]
Simple, breve y de alto valor.
Siempre aprendo de Warren.
Citas
■ “N°59: Prefiero aprender de los errores de otras personas”. [Pág 104]
■ “N°69: Si le debe al banco $ 100, ese es su problema. Si le debe al banco $ 100 millones, ese es el problema del banco”. [Pág 121]
■ “N°83: Si invierte en ti mismo, nadie puede quitarte de ti”. [Pág 150]
■ “N°87: Si te quedas con personas que se comportan peor que tú, muy pronto comenzarás a ser arrastrado en esa dirección”. [Pág 154]
■ “N°91: ¿Cómo defino el éxito... si las personas que te aman son las personas que quieres amarte, eres un éxito... puedes tener todo el dinero en el mundo, con hospitales y bibliotecas que llevan su nombre, pero si a nadie le importa, en mi opinión, no eres un éxito”? [Pág 159]
■ “N°92: Los ricos invierten en el tiempo; los pobres invierten en dinero”. [Pág 160]
■ “N°124: Si va a pasar ocho horas al día trabajando, lo más importante no es cuánto dinero gana, es cómo te sientes durante esas ocho horas, en términos de las personas con las que estás interactuando y lo interesante que estás haciendo para ti.
Piénselo por un momento: la persona promedio está despierta 120 horas a la semana, si se pasan 40 de esas horas en el trabajo, posiblemente estamos pasando un tercio de nuestra vida adulta despierta en nuestros trabajos. Si no nos gustan las personas con las que estamos trabajando, puede convertirse rápidamente en una vida realmente miserable, incluso si estamos ganando mucho dinero.
Warren siempre ha aconsejado a los jóvenes que elijan el trabajo que les interesa y trabajan para las personas a las que respetan y les gus-tan. De esa manera, estarán entusiasmados por levantarse por la mañana e ir a trabajar, y lo disfrutarán y lo encontrarán interesante. Cuál es el primer paso para vivir una vida feliz y satisfactoria. ¿Pero qué pasa con el dinero?
Si a uno le encanta lo que hacen, es probable que lleguen a la cima de su profesión. Warren no ganó dinero cuando fue a trabajar para Benjamin Graham en Wall Street, pero le encantó lo que estaba haciendo. Jeff Bezos comenzó a Amazon vendiendo libros de su garaje, trabajando sesenta horas a la semana y a menudo dormía en su escritorio, pero le encantaba la resolución de problemas y la creatividad que conlleva la construcción de algo que era completamente nuevo. J. K. Rowling era una madre soltera que vivía en el bienestar cuando se inspiró para escribir Harry Potter y la piedra filósofa. Si trabajas en algo que amas, vendrá el dinero. Y si no es así, a quién le importa, estás disfrutando de tu vida laboral, ¿y cuántas personas pueden decir eso?”. [Pág 208]
■ “N°125: La diferencia entre personas exitosas y personas realmente exitosas es que las personas realmente exitosas dicen que no a casi todo. Debes mantener el control de tu tiempo, y no puedes a menos que digas que no. No puedes dejar que las personas establezcan tu agenda en la vida”. [Pág 210]
January 18, 2025
The Tao of Warren Buffett, by Mary Buffett and David Clark, listened on car via Libby App. A short 4 hours audiobook, talking about a collection of Warren Buffett's quotes paired with the authors' interpretations.
While it aims to distill Buffett's investment wisdom and life philosophies, reviews indicate that the book often lacks depth. However it is easy to digest, compared with all this investment technical books or stock picking books or economic journal. Those things might be important, but over the course of time, wisdom and experience paired with courage are what really brings you wealth.
I have read books like letters that Buffett wrote to his client, letters that Rockefeller wrote to his son. Many find this kind explanations repetitive and simplistic, suggesting that readers might benefit more from simply reading the quotes. However if you don’t do the investment, you won’t have the same feeling and memory.
Despite its easy readability, some critics rate it poorly for not providing substantial context or insights beyond Buffett's words, making it less valuable than expected for serious investors. But when you are tired about reading those heavy books, give this one a try. Steak everyday keeps your taste bud away, veggie salad once in a while and you are rocking again.
While it aims to distill Buffett's investment wisdom and life philosophies, reviews indicate that the book often lacks depth. However it is easy to digest, compared with all this investment technical books or stock picking books or economic journal. Those things might be important, but over the course of time, wisdom and experience paired with courage are what really brings you wealth.
I have read books like letters that Buffett wrote to his client, letters that Rockefeller wrote to his son. Many find this kind explanations repetitive and simplistic, suggesting that readers might benefit more from simply reading the quotes. However if you don’t do the investment, you won’t have the same feeling and memory.
Despite its easy readability, some critics rate it poorly for not providing substantial context or insights beyond Buffett's words, making it less valuable than expected for serious investors. But when you are tired about reading those heavy books, give this one a try. Steak everyday keeps your taste bud away, veggie salad once in a while and you are rocking again.
January 18, 2025
Picked up this book at Books-a-Million and read in one 2 hour sitting. The book is organized by over one hundred different Warren Buffet philosophies. Each philosophy is usually followed by a supportive story from Buffet’s life. I learned Buffet’s overall investment technique: investing in high-quality businesses that have a competitive advantage in the market they’re in. Additionally, these companies aren’t at risk of failing during economic crises or periods of high inflation. They’re run by smart people that provide a product or service that sticks in the minds of the people buying that product or service. Towards the end of the book, Buffet dives into more of his life philosophies, stating the importance of love and surrounding yourself with good people. Overall, this book is easy and enjoyable to read. The way it’s organized, by short sections starting with a Buffet quote, makes it a page turner and a book I recommend for anyone.
November 11, 2024
I chose this book because it is NEW (release date: 11/2024), it is about a Nebraskan, it speaks about investing in a language I can understand, and Warren Buffet seems to me to have a good moral compass.
Here is a sample to give you a hint of how it is written:
When gamblers are overly enthusiastic, you store your cash and you buy when the gamblers are panic selling and mispricing businesses. You needn’t be an investment wizard to execute Warren’s investment strategy, you need the temperament to do the opposite of what the gamblers are doing. You can do this with individual companies if you’re willing to do the research; or you can buy an ETF for the S&P 500 if you just want to sit back and enjoy the ride.
Here is a sample to give you a hint of how it is written:
When gamblers are overly enthusiastic, you store your cash and you buy when the gamblers are panic selling and mispricing businesses. You needn’t be an investment wizard to execute Warren’s investment strategy, you need the temperament to do the opposite of what the gamblers are doing. You can do this with individual companies if you’re willing to do the research; or you can buy an ETF for the S&P 500 if you just want to sit back and enjoy the ride.
January 2, 2025
Nothing new here but has been updated with references to recent events. The book does a good job of explaining the investing philosophy of Warren Buffett upon which the multinational investing juggernaut Berkshire Hathaway was built. When I say "Nothing new here" I mean this mostly is a collection of quotations from Buffett's annual letters to the BH shareholders and speeches, with interpretative summaries by the authors. For new investors or those trying to hone their investing skills, there are plenty of gems on offer to make this a worthwhile read. However, there is little in Buffett's world to compare with the circumstances of us smaller investors. (Buffett controls a variety of businesses with a total net worth of some $1 Trillion and the purchases he makes run into the billions.)
Having said that, by the time you finish reading this book you will understand why you need to learn to determine if any business you would invest in has a "Durable Competitive Advantage". One of the valuable things you will learn from the book if you don't know this already. And for seasoned investors it is a great refresher read.
Having said that, by the time you finish reading this book you will understand why you need to learn to determine if any business you would invest in has a "Durable Competitive Advantage". One of the valuable things you will learn from the book if you don't know this already. And for seasoned investors it is a great refresher read.
January 10, 2025
This is a well-structured guide to personal finance and business strategy. The author provides a comprehensive overview of key concepts, offering actionable advice that can be easily understood by both beginners and more experienced readers.
One of the book’s strengths is its clear writing style, making complex financial concepts accessible. The book uses real-life examples to illustrate key points, which adds a practical dimension to the theories presented. The emphasis on long term wealth-building strategies is particularly useful for readers looking to take control of their financial futures.
One of the book’s strengths is its clear writing style, making complex financial concepts accessible. The book uses real-life examples to illustrate key points, which adds a practical dimension to the theories presented. The emphasis on long term wealth-building strategies is particularly useful for readers looking to take control of their financial futures.
December 14, 2025
A great book, with many great points, one of which is as follows:
"Warren got an immense amount of worldly wisdom by reading books - most of which are available for free from any public library. And if they don't have the book you are looking for on their library shelves, a nice person behind the counter will be happy to get it for you through their interlibrary loan program. All for free!"
I'm able to do all of this online via my local library's website, and so should you, assuming your library has an online presence as well.
"Warren got an immense amount of worldly wisdom by reading books - most of which are available for free from any public library. And if they don't have the book you are looking for on their library shelves, a nice person behind the counter will be happy to get it for you through their interlibrary loan program. All for free!"
I'm able to do all of this online via my local library's website, and so should you, assuming your library has an online presence as well.
February 14, 2025
A wonderful primer ‘how to create wealth’. Warren Buffett philosophy and activities in creating substantial wealth for a tremendous number of investors. You can start with modest amount, but stay with it….
Interesting, thoughtful, not a pie in the sky approach, but tremendous results if you emulate his model.
Easy narrative to follow, but discipline to stick with it.
Common sense, love what you do, stay focused, be kind and love others…..
Interesting, thoughtful, not a pie in the sky approach, but tremendous results if you emulate his model.
Easy narrative to follow, but discipline to stick with it.
Common sense, love what you do, stay focused, be kind and love others…..
November 28, 2024
While The New Tao of Warren Buffett offers some good investment advice, much of it doesn't apply to the majority of Americans.
On a different note, why did they just add the word "new" to the title of another book‽
On a different note, why did they just add the word "new" to the title of another book‽
June 11, 2025
The book give some great insights into Warren's investment principles and some ideas to test in the stock market though items can be redundant and repetitive from what you can regularly read from online articles.
January 14, 2026
For people who know about Buffett, there's nothing surprising here. Still, it's good to be reminded about things--like being patient and sitting on cash--that go against the grain of standard investing advice.
November 20, 2024
Truly awesome!!!
This book is a must.
Up to date, simple, complete.
Loved every word of it.
Learned a lot.
Thank you very much for writing it!!!
This book is a must.
Up to date, simple, complete.
Loved every word of it.
Learned a lot.
Thank you very much for writing it!!!
December 22, 2024
Such a great read. Really enjoyed this one.
December 24, 2024
Brilliant. Sage advice on every page.
December 31, 2024
This book is a must. Up to date, many insights. Simple, learned a lot. I'm happy with it and got a ;ot of valve out of this book.
tldr
January 2, 2025Too many quotes.
January 7, 2025
This is a great book that offers priceless investment savvy in inspiring, thought-provoking, irresistibly invaluable, & is destined to become new browsable classic.
June 13, 2025
Concise and insightful. Both personal and professional. A dive into a variety of Warren Buffet’s philosophies spanning topics far beyond investing.
November 4, 2025
Good quotes, very short
December 21, 2025
Easy and engaging read. Read this not to necessarily get usable investment advice, but to get some insights into the philosophies of one of the most successful businessmen of our time.
June 4, 2025
thank you
February 12, 2025
Very well done. The presentation and content are both excellent. A good reference guide for those who follow Warren Buffet.
November 5, 2024
I love Warren Buffett's guide to investing and living well. I like that he sees the whole picture and not just a snapshot, and that he invest because a company is good not use his money for risk bets.
This is the third book I have read about Buffett's approach and I learn something every time, In this book, not only do you get his guidelines about what he thinks is important to know about investing, but he goes into detail on how to figure out if what you are investing is a good thing. I loved that Buffett always thinks about his shareholders as people and not just number. I like that he has integrity and cares about how investing can help all of us, and this book also goes into why he invest in the companies he does.
I just think Warren Buffett is one of a kind and a genuine person that just likes helping people. I found this book very easy to read and understand and it's something you can always referee to when you have questions about investing. I like that he owns up to his mistakes and doesn't blame someone else.
I want to thank Scribner and NetGalley for an advance copy of this book about Warren Buffett and investing.
This is the third book I have read about Buffett's approach and I learn something every time, In this book, not only do you get his guidelines about what he thinks is important to know about investing, but he goes into detail on how to figure out if what you are investing is a good thing. I loved that Buffett always thinks about his shareholders as people and not just number. I like that he has integrity and cares about how investing can help all of us, and this book also goes into why he invest in the companies he does.
I just think Warren Buffett is one of a kind and a genuine person that just likes helping people. I found this book very easy to read and understand and it's something you can always referee to when you have questions about investing. I like that he owns up to his mistakes and doesn't blame someone else.
I want to thank Scribner and NetGalley for an advance copy of this book about Warren Buffett and investing.
November 24, 2025
Always interesting and insightful to get quotes from Buffett.
Displaying 1 - 25 of 25 reviews