Warren Buffett on Business: Principles from the Sage of Omaha

by Warren Buffett, Richard J. Connors (Compiler)

The proven business principles of Warren Buffett Warren Buffett is one of the most admired and prolific investors and managers in corporate America. Warren Buffett on Business is a timeless guide to strategies that can help you run a successful business. This book is a one-of-a-kind collection of Buffett's letters to the shareholders of Berkshire Hathaway written over the past few decades, and in a clear, simple style distills the basic principles of sound business practices. Through Buffett's own remarkable words, this practical management handbook shares valuable insights on communicating with, and treating employees and shareholders fairly; responsible corporate governance; ethical behavior; patience and perseverance; admitting mistakes; and having a passion for work. Informative and inspiring, this unique book puts Warren Buffett's business beliefs in perspective.

Genres: Business, Entrepreneurship, Nonfiction, Audiobook, Finance

272 pages, Hardcover

First published January 1, 2009

About the author

Warren Edward Buffett is an American businessman, investor, and philanthropist who currently serves as the co-founder, chairman and CEO of Berkshire Hathaway. As a result of his investment success, Buffett is one of the best-known investors in the world. As of April 2024, he had a net worth of $139 billion, making him the ninth-richest person in the world.
Buffett was born in Omaha, Nebraska. The son of US congressman and businessman Howard Buffett, he developed an interest in business and investing during his youth. He entered the Wharton School of the University of Pennsylvania in 1947 before graduating from the University of Nebraska at 19. He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing pioneered by Benjamin Graham. He attended New York Institute of Finance to focus on his economics background and soon pursued a business career. He later began various business ventures and investment partnerships, including one with Graham. He created Buffett Partnership Ltd. in 1956 and his investment firm eventually acquired a textile manufacturing firm, Berkshire Hathaway, assuming its name to create a diversified holding company. Buffett emerged as the company's chairman and majority shareholder in 1970. In 1978, fellow investor and long-time business associate Charles T. Munger joined Buffett as vice-chairman.
Since 1970, Buffett has presided as the chairman and largest shareholder of Berkshire Hathaway, one of America's foremost holding companies and world's leading corporate conglomerates. He has been referred to as the "Oracle" or "Sage" of Omaha by global media as a result of having accumulated a massive fortune derived from his business and investment success. He is noted for his adherence to the principles of value investing, and his frugality despite his wealth.
Buffett has pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation. He founded the Giving Pledge in 2010 with Bill Gates, whereby billionaires pledge to give away at least half of their fortunes.

Reviews

[Selva · Rating 4 out of 5]

Selected scripts, dialogues and interviews from the genius himself. The curious fact about the book is that the author has taken the pain to bring the timeless wisdom from the WB. A Good read, definitely!

[QuokkaPride · Rating 4 out of 5]

Warren Buffett gives me hope, especially in a world where so many leaders are caught up in shady business dealings and frauds [cash-grab crypto schemes by a president, anyone?]. Amid all the chaos, Buffett stands out as a model of integrity and consistency. This book, full of his stories and repeated lessons, reinforces his simple but powerful principles. I could read about Warren and Charlie all day.

[Pawel Jaczewski · Rating 4 out of 5]

Despite the difficult topics, the book is simple and accessible, and contains these brilliant quotes: A model of professional zeal for us is a Catholic tailor who used his modest savings accumulated over many years to pay for a pilgrimage to the Vatican.
After his return, during a meeting of parishioners, he was asked to share his impressions.
‘Tell us,’ asked a zealous believer, ‘what kind of man is the Pope?’
Our hero summed it up briefly: ‘He wears a size 44.’

[Gurudatt Rao · Rating 5 out of 5]

An once in a lifetime book that brings the values and ethics utilised by the Oracle of Omaha to the fore. An anecdotal literature that has references to good, bad and ugly experiences. Like his teacher & mentor(Ben Graham), Warren Buffett provides foresight to the readers for being good investors by looking at value, following discipline and keeping emotions at bay.

[Patricia Ineas · Rating 4 out of 5]

Classic.

[Denny Troncoso · Rating 5 out of 5]

It’s simply a compilation of past speeches and interviews but its a wealth of knowledge.

[Szymon Rucinski · Rating 3 out of 5]

Fajne anegdoty i żarty typu ha 💸 ha 💸