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Buffett's Tips: A Guide to Financial Literacy and Life
Praise for BUFFETT'S TIPS
"John Longo and his son, Tyler, have performed a valuable service, taking the wisdom of Warren Buffett (the supply of which is ample) and distilling from it 100 'tips, ' with the authors' own explanatory text, to guide the reader from financial ignorance to a degree of financial literacy. Along the way, there are useful lessons for life in general. If you have a friend, child, or parent who needs a pathway to a better understanding of some financial fundamentals, get this book for them--it'll go a long way to bringing them up to speed." --Simon Lorne, Vice Chairman and Chief Legal Officer, Millennium Management LLC; former Partner, Munger, Tolles & Olson
"Priceless. 100 investment and life tips from the Oracle--a great read for the beginning investor." --S. Basu Mullick, retired Portfolio Manager and Managing Director, Neuberger Berman; former General Partner, Omega Advisors; noted value investor; former "Marketwatch Fund Manager of the Year"
"John Longo has a well-earned reputation for excellence in teaching at the University level. Working with his son Tyler, John now extends his passion for education out of the classroom and across generations with this guidebook to the essential tools for financial proficiency." --Gregory P. Francfort, noted value investor; former Institutional Investor "All-Star Analyst"
"John and his son have written an invaluable guide steeped in the wisdom of Warren Buffett. Marrying sound financial advice with general life lessons, Buffett's Tips provides a solid foundation for advancing financial literacy across a broad multi-generational audience." --Joshua Rosenbaum, Joshua Pearl, Joseph Gasparro, co-authors, The Little Book of Investing Like the Pros and Investment Banking: Valuation, LBOs, M&A, and IPOs
"John Longo and his son, Tyler, have performed a valuable service, taking the wisdom of Warren Buffett (the supply of which is ample) and distilling from it 100 'tips, ' with the authors' own explanatory text, to guide the reader from financial ignorance to a degree of financial literacy. Along the way, there are useful lessons for life in general. If you have a friend, child, or parent who needs a pathway to a better understanding of some financial fundamentals, get this book for them--it'll go a long way to bringing them up to speed." --Simon Lorne, Vice Chairman and Chief Legal Officer, Millennium Management LLC; former Partner, Munger, Tolles & Olson
"Priceless. 100 investment and life tips from the Oracle--a great read for the beginning investor." --S. Basu Mullick, retired Portfolio Manager and Managing Director, Neuberger Berman; former General Partner, Omega Advisors; noted value investor; former "Marketwatch Fund Manager of the Year"
"John Longo has a well-earned reputation for excellence in teaching at the University level. Working with his son Tyler, John now extends his passion for education out of the classroom and across generations with this guidebook to the essential tools for financial proficiency." --Gregory P. Francfort, noted value investor; former Institutional Investor "All-Star Analyst"
"John and his son have written an invaluable guide steeped in the wisdom of Warren Buffett. Marrying sound financial advice with general life lessons, Buffett's Tips provides a solid foundation for advancing financial literacy across a broad multi-generational audience." --Joshua Rosenbaum, Joshua Pearl, Joseph Gasparro, co-authors, The Little Book of Investing Like the Pros and Investment Banking: Valuation, LBOs, M&A, and IPOs
432 pages, Unknown Binding
Published November 24, 2020
37 people are currently reading
243 people want to read
About the author
John M. Longo
1 bookJohn M. Longo, PhD, CFA, is a Professor of Practice in the Finance & Economics Department at Rutgers Business School and Chief Investment Officer and Portfolio Manager for Beacon Trust. Beacon has $3.5 billion in assets under management and is a unit of Provident Financial Services (NYSE: PFS), founded in 1839. He has served as visiting Professor of Finance at Global EMBA Asia - the joint international Executive MBA Program of Columbia University, London Business School and The University of Hong Kong - for more than five years.
Dr. Longo has appeared on CNBC, Bloomberg TV, Bloomberg Radio, Fox Business, wsj.com (video), BBC World, The (Ron) Insana Quotient, GreatInvestors.TV, and several other programs. He has been quoted in The Wall Street Journal, Barron's, The New York Times, Bloomberg (online), CNBC.com, Thomson Reuters, U.S. News & World Report, Dow Jones MarketWatch, The Harvard Crimson, Fox Business (online) and dozens of other periodicals.
In addition to Buffett's Tips, he has written The Art of Investing: Lessons from History's Greatest Traders and Hedge Fund Alpha: A Framework for Generating and Understanding Investment. Previously, he was a vice president at Merrill Lynch & Co., Inc. and served on the Advisory Board of the Bloomberg Institute, the educational division of Bloomberg LP
Dr. Longo has appeared on CNBC, Bloomberg TV, Bloomberg Radio, Fox Business, wsj.com (video), BBC World, The (Ron) Insana Quotient, GreatInvestors.TV, and several other programs. He has been quoted in The Wall Street Journal, Barron's, The New York Times, Bloomberg (online), CNBC.com, Thomson Reuters, U.S. News & World Report, Dow Jones MarketWatch, The Harvard Crimson, Fox Business (online) and dozens of other periodicals.
In addition to Buffett's Tips, he has written The Art of Investing: Lessons from History's Greatest Traders and Hedge Fund Alpha: A Framework for Generating and Understanding Investment. Previously, he was a vice president at Merrill Lynch & Co., Inc. and served on the Advisory Board of the Bloomberg Institute, the educational division of Bloomberg LP
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Displaying 1 - 10 of 10 reviews
December 23, 2020
A great introduction for young adults learning about finances for their future planning as well as adults who did not have the opportunity to learn about finance, Really interesting weaving in facts and quotes from Warren Buffett, you get a real feel for the man and his sense of humor. If you weren’t familiar with Warren Buffett before this book you will become a fan!
December 27, 2020
Probably one of the best books on financial literacy I've ever read. Gives readers actual working tips and great advice on business, investment, and life lessons, in general. The book is actually based on deep acquaintance with Warren Buffet's financial tactics, as the writer, a finance professor and investment manager has met Buffet on several occasions. Apart from the valuable financial information, I find the book extremely inspiring and motivating readers to take up at least part of Buffet's 100 golden tips to financial success, and put them into practice. An impressive, well written and easy to follow book that everyone must certainly read and come back to.
December 3, 2023
The foundational summary of both many other investment advice books and a set of rules that we can all benefit from considering and aspiring to emulate. These bullet points are a smart summary from internet.
1. Embrace the power of compound interest. Compound interest is the "magic of wealth" as Warren Buffett famously said. It's the interest earned on both the initial principal and the accumulated interest, leading to exponential growth over time. Start investing early and let compound interest work its magic.
2. Invest in what you understand. Don't invest in complex financial products you don't fully comprehend. Stick to simple investments like stocks and index funds of companies or industries you understand, reducing risk and enhancing your decision-making.
3. Value long-term thinking. Avoid impulsive decisions driven by short-term market fluctuations. Instead, cultivate a long-term investment horizon, focusing on the intrinsic value of companies and their ability to grow sustainably over time.
4. Embrace frugality and avoid unnecessary debt. Living below your means and avoiding excessive debt frees up cash flow for investments and reduces financial stress. Frugality doesn't mean depriving yourself; it's about making wise choices and prioritizing long-term financial goals.
5. Develop a margin of safety. Always leave a margin of safety in your investments. Don't invest everything you have and leave no room for error. A margin of safety provides a buffer against unexpected downturns and protects your hard-earned savings.
6. Control your emotions. Emotional investing is often detrimental to long-term success. Avoid making impulsive decisions based on fear or greed. Stay rational, disciplined, and focused on your long-term investment goals.
7. Learn from the wisdom of others. Read books, attend seminars, and seek advice from experienced investors. Continuously enhance your financial literacy and learn from the mistakes and successes of others to make informed investment decisions.
1. Embrace the power of compound interest. Compound interest is the "magic of wealth" as Warren Buffett famously said. It's the interest earned on both the initial principal and the accumulated interest, leading to exponential growth over time. Start investing early and let compound interest work its magic.
2. Invest in what you understand. Don't invest in complex financial products you don't fully comprehend. Stick to simple investments like stocks and index funds of companies or industries you understand, reducing risk and enhancing your decision-making.
3. Value long-term thinking. Avoid impulsive decisions driven by short-term market fluctuations. Instead, cultivate a long-term investment horizon, focusing on the intrinsic value of companies and their ability to grow sustainably over time.
4. Embrace frugality and avoid unnecessary debt. Living below your means and avoiding excessive debt frees up cash flow for investments and reduces financial stress. Frugality doesn't mean depriving yourself; it's about making wise choices and prioritizing long-term financial goals.
5. Develop a margin of safety. Always leave a margin of safety in your investments. Don't invest everything you have and leave no room for error. A margin of safety provides a buffer against unexpected downturns and protects your hard-earned savings.
6. Control your emotions. Emotional investing is often detrimental to long-term success. Avoid making impulsive decisions based on fear or greed. Stay rational, disciplined, and focused on your long-term investment goals.
7. Learn from the wisdom of others. Read books, attend seminars, and seek advice from experienced investors. Continuously enhance your financial literacy and learn from the mistakes and successes of others to make informed investment decisions.
May 14, 2021
This is an interesting book that covers a broad spectrum of financial thought. However, I am not sure who the target audience is. I doubt a person needing instruction on how to balance a checkbook is going to be up for some of the more nuanced financial calculations.
Maybe a textbook for a High School or College Freshman general finance class?
There are some editing misses. Nothing that changes the meaning, but it does distract from the reading enjoyment for me. For example, where they decided to change a that to who, but neglected to remove the original that. "People that who work for investment banking..." page 368. I realize this is not something a lot of people notice or care about, but it is a distraction to me and pulls me out of flow when I am reading. There are quite a few of these throughout the book. I also found the jumping to hip twenty-something vernacular odd and it will date this book quickly as the references grow stale.
These minor criticisms notwithstanding, if you are interested in finance or Warren Buffett this book is worth a read.
Maybe a textbook for a High School or College Freshman general finance class?
There are some editing misses. Nothing that changes the meaning, but it does distract from the reading enjoyment for me. For example, where they decided to change a that to who, but neglected to remove the original that. "People that who work for investment banking..." page 368. I realize this is not something a lot of people notice or care about, but it is a distraction to me and pulls me out of flow when I am reading. There are quite a few of these throughout the book. I also found the jumping to hip twenty-something vernacular odd and it will date this book quickly as the references grow stale.
These minor criticisms notwithstanding, if you are interested in finance or Warren Buffett this book is worth a read.
May 22, 2024
Warren Buffett on Berkshire Hathaway tegevjuht, ta on üks maailma rikkamaid inimesi ning teda peetakse üheks ajaloo edukaimaks investoriks. Ta on 93-aastane ning tema ettevõtte iga-aastane aktsionäride koosolek on nagu kapitalistide Woodstock. Aga Buffett on lahke mees ja jagab oma edu, mõtteid ning nippe. Ja seekordses raamatud on isa ja poeg teinud kokkuvõtte - mulle meeldis, et eri põlvkonna mõttes on mõisted lahti seletatud ja heade näidetega arusaadavaks tehtud. Natuke on USA põhine (nt kõrgkooli ja kindlustuste osa jätsin suures osas vahele), ning päris vau mõtteid ma sealt ei saanud. Palju oli mulle juba tuttav, kuid mõned mõtted ikka sain. Olen ise ligi 10 aastat investeerinud, samuti olen uhke Berkshire aktsionär.
Buffetti nipp nr 59: Osta selliste ettevõtete aktsiaid, mille toodete ümber tarbijate elu keerleb.
Buffetti nipp nr 59: Osta selliste ettevõtete aktsiaid, mille toodete ümber tarbijate elu keerleb.
March 11, 2021
Praise for Buffett's Tips: A Guide to Financial Literacy and Life!
Throughout his lifetime, Warren Buffett has given the world golden nuggets on investing, personal finance and life lessons here and there. And now those invaluable advices from the Oracle of Omaha (and his friends, mentors, those who influenced him in a positive way) is compiled into a book that will surely be of use to whoever that reads it. I thank John Longo and his son, Tyler for coming out with this book. I absolutely loved it!
Throughout his lifetime, Warren Buffett has given the world golden nuggets on investing, personal finance and life lessons here and there. And now those invaluable advices from the Oracle of Omaha (and his friends, mentors, those who influenced him in a positive way) is compiled into a book that will surely be of use to whoever that reads it. I thank John Longo and his son, Tyler for coming out with this book. I absolutely loved it!
July 18, 2022
This interesting duo of a father and son bring out some valuable to-the-point information that saliently summarizes the major beliefs of Mr Buffet. A lot of the book felt like a user-friendly manual/summary of Alice Schroeder’s “The Snowball”. Overall a brief introduction for anyone looking for quick takeaways on the life of this famous investor.
September 6, 2021
- available in SG NLB 332.678 (Sengkang
February 13, 2022
This is a must read book for anyone who want’s to invest in stocks
March 26, 2025
An excellent book worth rereading. Enjoyed it thoroughly and a must read for everyone!
Displaying 1 - 10 of 10 reviews