What do you think?
Rate this book
Buffett's Tips: A Guide to Financial Literacy and Life - Library Edition
What if you could learn financial literacy from Warren Buffett himself? Finance is a language like any the more fluently you speak it, the further—and more comfortably—you travel. And if you want to improve your financial literacy, what better teacher could you have than Warren Buffett? Often described as the greatest investor of all time, Warren Buffett started his investment firm with$100 in the late 1950s and went on to become the billionaire and sage we know today. Along the way he’s reaped huge profits for fellow investors in Berkshire Hathaway and remains one of the most sought-after and closely watched figures in the business world. So how did he do it? In Buffett’s Tips , award-winning professor and professional investor John M. Longo demonstrates just how by translating decades of Buffett’s writings and media appearances into a 100 straightforward tips and strategies anyone can follow for enhanced financial literacy and independence, Whether you want to grow your personal finances, develop your business acumen, or improve softer career skills such as emotional intelligence, there’s no one better to learn from than the most famous investor in the world—and no better way to do that than having a copy of Buffett’s Tips close at hand.
Audio CD
Published April 27, 2021
36 people are currently reading
242 people want to read
Ratings & Reviews
Friends & Following
Create a free account to discover what your friends think of this book!
Community Reviews
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