{"product_id":"warren-buffett-speaks-9780470152621","title":"Warren Buffett Speaks","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eWhen Warren Buffett Speaks. . . people listen.\u003c\/b\u003e  \u003cp\u003eIf people want to improve their investing skills, it has to help to study how the Master does it. This short book outlines Buffett''s philosophy and techniques.\u003cbr\u003e Peter S. Lynch, Fidelity Investments\u003c\/p\u003e \u003cp\u003eCommon sense with a deft irony . . .\u003cbr\u003e John C. Bogle, founder of The Vanguard Group and author, \u003ci\u003eThe Little Book of Common Sense Investing\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eIt was Warren Buffett''s thoughts and philosophy that first captivated investors. Janet Lowe has done us all a great service by collecting and arranging Warren Buffett''s wit and wisdom in an easy-to-read and enjoyable book.\u003cbr\u003e Robert G. Hagstrom, Portfolio Manager, Legg Mason Growth Trust mutual fund, and author, \u003ci\u003eThe Warren Buffett Way, Second Edition\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eA must-read. Buffett''s wit and wisdom is a roadmap for anyone looking to succeed in business, investing, and life.\u003cbr\u003e Steve Halpern, Editor, www.thestockadvisors.com\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eABOUT LIFE 13\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eOmaha? Omawhere? Omawhat? 13\u003c\/p\u003e \u003cp\u003eLive how you want to live 15\u003c\/p\u003e \u003cp\u003eEat what you want to eat 15\u003c\/p\u003e \u003cp\u003eHave a hobby 16\u003c\/p\u003e \u003cp\u003eBe passionate 19\u003c\/p\u003e \u003cp\u003eAim high 20\u003c\/p\u003e \u003cp\u003eAim well 23\u003c\/p\u003e \u003cp\u003eFocus on your goals 23\u003c\/p\u003e \u003cp\u003eKeep life in perspective 23\u003c\/p\u003e \u003cp\u003eBe honest 27\u003c\/p\u003e \u003cp\u003eTell the whole truth, please 28\u003c\/p\u003e \u003cp\u003eLetter to the Wall Street Journal 30\u003c\/p\u003e \u003cp\u003eCultivate good character 36\u003c\/p\u003e \u003cp\u003eBelieve in yourself 37\u003c\/p\u003e \u003cp\u003eBut don’t get too stuck on yourself 38\u003c\/p\u003e \u003cp\u003eDodge the hype 44\u003c\/p\u003e \u003cp\u003eShare your wisdom 44\u003c\/p\u003e \u003cp\u003eDisregard old age 45\u003c\/p\u003e \u003cp\u003eALSO: Attention Investors: Warren Buffett is crossing the street 20\u003c\/p\u003e \u003cp\u003eNice guys finish first—sometimes 24\u003c\/p\u003e \u003cp\u003eChoose your heroes well 40\u003c\/p\u003e \u003cp\u003eRose Blumkin, matriarch of the Nebraska Furniture Mart 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003eABOUT FRIENDS 51\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eKnow what friendship is 51\u003c\/p\u003e \u003cp\u003eGo to bat for your pals 51\u003c\/p\u003e \u003cp\u003eGuiding Governor Schwarzenegger 52\u003c\/p\u003e \u003cp\u003eBuild lifelong friendships 54\u003c\/p\u003e \u003cp\u003eALSO: Charlie Munger 54\u003c\/p\u003e \u003cp\u003e\u003cb\u003eABOUT FAMILY 58\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDon’t spoil your kids 58\u003c\/p\u003e \u003cp\u003eThe Buffett children 62\u003c\/p\u003e \u003cp\u003eWork things out with your wife 75\u003c\/p\u003e \u003cp\u003eBe kind to your mother 81\u003c\/p\u003e \u003cp\u003eALSO: What others say about Warren Buffett 70\u003c\/p\u003e \u003cp\u003eAstrid Menks, Buffett’s second wife 78\u003c\/p\u003e \u003cp\u003eThe controversial Susan T. Buffett Foundation 79\u003c\/p\u003e \u003cp\u003eWhat Leila Buffett had to say about her son 82\u003c\/p\u003e \u003cp\u003eWhat the critics say 82\u003c\/p\u003e \u003cp\u003e\u003cb\u003eABOUT WORK 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWork for the fun of it 85\u003c\/p\u003e \u003cp\u003eStart early 88\u003c\/p\u003e \u003cp\u003eWork where you want to work 89\u003c\/p\u003e \u003cp\u003eWork with good people 90\u003c\/p\u003e \u003cp\u003eGive a pat on the back 92\u003c\/p\u003e \u003cp\u003eBe loyal to your partners 93\u003c\/p\u003e \u003cp\u003eGuard your time 95\u003c\/p\u003e \u003cp\u003eKnow when to quit 97\u003c\/p\u003e \u003cp\u003e\u003cb\u003eABOUT RUNNING A BUSINESS 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCommunicate well 99\u003c\/p\u003e \u003cp\u003eKnow when to say no 100\u003c\/p\u003e \u003cp\u003eSet an example 101\u003c\/p\u003e \u003cp\u003eTake care of shareholders 104\u003c\/p\u003e \u003cp\u003eHire well, manage little 110\u003c\/p\u003e \u003cp\u003ePut a premium on experience 111\u003c\/p\u003e \u003cp\u003eBe smart about allocating capital 111\u003c\/p\u003e \u003cp\u003eBe brave 112\u003c\/p\u003e \u003cp\u003eUse crossover skills 112\u003c\/p\u003e \u003cp\u003eThe mighty machine called Berkshire Hathaway 113\u003c\/p\u003e \u003cp\u003eALSO: The Berkshire Hathaway annual meeting 102\u003c\/p\u003e \u003cp\u003eGoodbye to a good idea 106\u003c\/p\u003e \u003cp\u003eThe Salomon scandal 108\u003c\/p\u003e \u003cp\u003eBerkshire Hathaway online 109\u003c\/p\u003e \u003cp\u003e\u003cb\u003eABOUT INVESTING 116\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHave a philosophy 116\u003c\/p\u003e \u003cp\u003eRecognize the enemy: inflation 117\u003c\/p\u003e \u003cp\u003eExperience epiphany 119\u003c\/p\u003e \u003cp\u003eNever mind what the professors say 125\u003c\/p\u003e \u003cp\u003eMeet Mr. Market—your servant, not your guide 126\u003c\/p\u003e \u003cp\u003eIgnore Mr. Market’s moods 129\u003c\/p\u003e \u003cp\u003eListen for opportunity’s call 130\u003c\/p\u003e \u003cp\u003eKnow the difference between price and value 133\u003c\/p\u003e \u003cp\u003eSeek intrinsic value 133\u003c\/p\u003e \u003cp\u003eExpect to be out of step 134\u003c\/p\u003e \u003cp\u003eEarnings, earnings, earnings 137\u003c\/p\u003e \u003cp\u003eLook forward, not back 138\u003c\/p\u003e \u003cp\u003eAvoid risk 139\u003c\/p\u003e \u003cp\u003eDon’t gamble 141\u003c\/p\u003e \u003cp\u003eWatch for unusual circumstances 143\u003c\/p\u003e \u003cp\u003eDon’t be surprised by circumstances 143\u003c\/p\u003e \u003cp\u003eAvoid excessive debt 144\u003c\/p\u003e \u003cp\u003eLook for screaming bargains 145\u003c\/p\u003e \u003cp\u003eArbitrage when possible 145\u003c\/p\u003e \u003cp\u003eBe patient 148\u003c\/p\u003e \u003cp\u003eThink for yourself 149\u003c\/p\u003e \u003cp\u003eHave the right tools 150\u003c\/p\u003e \u003cp\u003eBe wary of Wall Street 151\u003c\/p\u003e \u003cp\u003eOnly buy securities that you understand 152\u003c\/p\u003e \u003cp\u003eAn old dog prowls new markets 153\u003c\/p\u003e \u003cp\u003ePetroChina 155\u003c\/p\u003e \u003cp\u003eAn expanding circle of competence 157\u003c\/p\u003e \u003cp\u003eBuy reading glasses 160\u003c\/p\u003e \u003cp\u003eBecome an investigative reporter 161\u003c\/p\u003e \u003cp\u003eKeep it simple 162\u003c\/p\u003e \u003cp\u003eThink big 164\u003c\/p\u003e \u003cp\u003eKnow what you’re looking for 166\u003c\/p\u003e \u003cp\u003eDon’t sweat the math 167\u003c\/p\u003e \u003cp\u003eAdmire frugality 169\u003c\/p\u003e \u003cp\u003eSet realistic goals 171\u003c\/p\u003e \u003cp\u003eFace facts 171\u003c\/p\u003e \u003cp\u003eExpect change 174\u003c\/p\u003e \u003cp\u003eBe capable of change 175\u003c\/p\u003e \u003cp\u003eAdmit your mistakes 182\u003c\/p\u003e \u003cp\u003eNo thumb sucking 185\u003c\/p\u003e \u003cp\u003eJoin AA (Airlines Anonymous) 186\u003c\/p\u003e \u003cp\u003eLearn from your mistakes 190\u003c\/p\u003e \u003cp\u003eBuy storybook stocks 191\u003c\/p\u003e \u003cp\u003eSeek excellent companies 193\u003c\/p\u003e \u003cp\u003eStick with quality 196\u003c\/p\u003e \u003cp\u003eJunk bonds 197\u003c\/p\u003e \u003cp\u003eAppreciate franchise value 199\u003c\/p\u003e \u003cp\u003eRespect pricing power 202\u003c\/p\u003e \u003cp\u003eFind a company with cheap float (then try to not misplace the company) 203\u003c\/p\u003e \u003cp\u003eLearn to like Monopoly 204\u003c\/p\u003e \u003cp\u003eFind managers who think like owners 205\u003c\/p\u003e \u003cp\u003eManagement is important, but a good company is more important 206\u003c\/p\u003e \u003cp\u003eAvoid the Institutional Imperative (the tendency for corporations to act like lemmings) 206\u003c\/p\u003e \u003cp\u003eFavor companies that repurchase their own stock 207\u003c\/p\u003e \u003cp\u003eDon’t worry about diversification 207\u003c\/p\u003e \u003cp\u003eInvest for the long term 208\u003c\/p\u003e \u003cp\u003eTo sum up 209\u003c\/p\u003e \u003cp\u003eAnd when you’ve become wealthy by following in the footsteps of Buffett, pay your dues to society 210\u003c\/p\u003e \u003cp\u003eInvesting is one way of contributing to the public well-being 210\u003c\/p\u003e \u003cp\u003eWhen rewards are disproportionate 211\u003c\/p\u003e \u003cp\u003ePay your taxes and don’t complain 214\u003c\/p\u003e \u003cp\u003eGive as generously as you receive 218\u003c\/p\u003e \u003cp\u003eThoughts on charitable giving 223\u003c\/p\u003e \u003cp\u003eWill Buffett’s gift affect the company? 226\u003c\/p\u003e \u003cp\u003eThe last word 227\u003c\/p\u003e \u003cp\u003eALSO: Benjamin Graham 120\u003c\/p\u003e \u003cp\u003eThe Used-Cigar-Butt School of Investing 135\u003c\/p\u003e \u003cp\u003eHe tells them, but they don’t listen 172\u003c\/p\u003e \u003cp\u003eBaby Berkshire shares 175\u003c\/p\u003e \u003cp\u003eWhat does the Bill and Melinda Gates Foundation do? 224\u003c\/p\u003e \u003cp\u003eBerkshire’s Book Value vs. the S\u0026amp;P 500 231\u003c\/p\u003e \u003cp\u003eBerkshire Hathaway Share Price 233\u003c\/p\u003e \u003cp\u003eTime Line 235\u003c\/p\u003e \u003cp\u003eEndnotes 241\u003c\/p\u003e \u003cp\u003ePermissions 271\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48864624279895,"sku":"9780470152621","price":17.1,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470152621.jpg?v=1722272779","url":"https:\/\/bookcurl.com\/products\/warren-buffett-speaks-9780470152621","provider":"Book Curl","version":"1.0","type":"link"}