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丕賱丨賰賲丞 賲賳 賵丕乇賳 亘丕賮賷鬲 : 丕賯鬲亘丕爻丕鬲 賵鬲賵囟賷丨丕鬲 鬲噩賲毓 禺賱丕氐丞 丨賰賲丞 賵丕乇賳 亘丕賮賷鬲 賲賳 卮兀賳賴丕 兀賳 鬲乇卮丿賰 廿賱賶 噩賳賷 孬乇賵丕鬲 胤丕卅賱丞 賵廿丿丕乇丞 丕賱賲卮乇賵毓丕鬲 丕賱丕爻鬲孬賲丕乇賷丞 亘卮賰賱
賴匕丕 丕賱賰鬲丕亘 賲賯丿賾乇 賱賴 兀賳 賷賰賵賳 賲乇噩毓丕 兀爻丕爻賷丕 賲亘爻胤丕 賮賷 毓丕賱賲 丕賱丕毓賲丕賱 賵丕賱丕賲賵丕賱 賱賷賱噩兀 丕賱賷賴 噩賲賷毓 丕賱賲爻鬲孬賲乇賷賳 賵丕賱賲丿乇丕亍 賲乇丕乇丕 賵鬲賰乇丕乇丕. 賵賯丿 鬲賲賰賳 丿賷賮賷丿 賰賱丕乇賰 賵賲丕乇賷 亘丕賮賷鬲 賲賳 丕賱賵氐賵賱 丕賱賷 賯賱亘 賵乇賵丨 賵賲亘丕丿卅 賵丕乇賳 亘丕賮賷鬲 賵賯丿賲丕 賱賳丕 丕爻鬲乇丕鬲賷噩賷丕鬲 毓賲賱賷丞 賵丿丕卅賲丞 賷賲賰賳賳丕 丕爻鬲禺丿丕賲賴丕 賱鬲丨爻賷賳 兀丿丕卅賳丕 丕賱賲丕賱賷.
171 pages, Paperback
First published January 1, 2006
203 people are currently reading
3,091 people want to read
About the author
Mary Buffett
41听books140听followersMary Buffett is a best-selling author, international speaker, entrepreneur, political and environmental activist. Ms. Buffett鈥檚 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鈥檚 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鈥檚 Squawk Box, Power Lunch with Bill Griffith, Bloomberg News, Fox Business News, MSNBC鈥檚 Headliners and Legends and BBC News.
She has appeared around the world as a principal speaker at some of the world鈥檚 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鈥檚 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鈥檚 Squawk Box, Power Lunch with Bill Griffith, Bloomberg News, Fox Business News, MSNBC鈥檚 Headliners and Legends and BBC News.
She has appeared around the world as a principal speaker at some of the world鈥檚 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鈥檚 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.
Ratings & Reviews
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Displaying 1 - 30 of 188 reviews
May 18, 2013
Hi Mary and David :
So far my wife and I have done more than $144,000.00 in one year with just a $26 thousand stock investment . I owe it mainly, to studying hard all of Mary Buffet's books, specially the Tao of Warren Buffet, the best book I have ever read.
Thanks to your books Mary, I am getting rich and I have founded the Atwater School Of Buffettology. Right now I am looking for a government to sponsor the school. The school will be an internet federal higher education school for the whole world. But meanwhile I have achieved a 440 % return on an investment I did on Fannie Mae (FNMA) which I bought for $0.26 a share and currently sells for $1.40 a share. I intend to pass on this account to my sons and I hope that all my future family holds onto to these stocks forever and if they go down in price enough I hope they buy more.
The Tao says, if you find an undervalued company with a durable competitive advantage buy lots of shares and hold onto to them. Rule #27 in the book says if a company does well its stock eventually will . That's exactly what happened. I knew that Fannie Mae would be around in the future even after it fell deep into debt, because Warren Buffett said so in the 2012 Berkshire Hathaway meeting in Omaha. Today, May 18 is exactly 1 year since I began buying Fannie Mae shares. Of course, I hope I can buy more FNMA shares.
The Tao Of Warren Buffett, is the best book I have ever read because it helped me get out of financial uncertainty. I feared I might end up in a shelter without my wife and her pension. I dedicated myself to study wealth for the past 13 years . My wife Martha and I did well in the real state business but then came the 2008 financial meltdown and we managed to avoid foreclosure and to move from New York City, where life was very expensive and we could only afford to live in a 1 bedroom apartment, to Charlotte, N.C. where life has been much cheaper and we can afford a nice 3 bedroom 3 bath home. But I have never had a job since I've done real estate. Thank God.
I come from a middle class Mexican- PuertoRican family. All my life I wanted to be rich. I did not know how. I choose to become a dentist in Mexico and I did it and I specialized at the art and science of Endodontics. But that art did not include finances and although I was great at what I did I had to close down my office after 12 years of practice due to the consequences of a divorce and me not having enough patients. That journey was long and full of fear and uncertainty. The best thing of those times was the birth of my two sons and my office. I was always short of cash. I ended bankrupt. My father bail me out when he left me 100 K after he died. Thanks Dad.
That money protected me and later on my wife Martha.
I have recovered the money I inherited and I feel rich , really rich. I feel so secure. Today, I spend much less money than in my past and we stay home mostly to save money. I feel very happy with my new habits because in that way we always have enough money for anything. Thank God.
Thank you so much Mary for breaking that damned selfish code of silence which brings so much wealth to only a few . I really admire you Mary, I really do and over all I love you.
Sincerely,
Dr. Alfredo A. Atwater
Retired dental pain and infection expert
So far my wife and I have done more than $144,000.00 in one year with just a $26 thousand stock investment . I owe it mainly, to studying hard all of Mary Buffet's books, specially the Tao of Warren Buffet, the best book I have ever read.
Thanks to your books Mary, I am getting rich and I have founded the Atwater School Of Buffettology. Right now I am looking for a government to sponsor the school. The school will be an internet federal higher education school for the whole world. But meanwhile I have achieved a 440 % return on an investment I did on Fannie Mae (FNMA) which I bought for $0.26 a share and currently sells for $1.40 a share. I intend to pass on this account to my sons and I hope that all my future family holds onto to these stocks forever and if they go down in price enough I hope they buy more.
The Tao says, if you find an undervalued company with a durable competitive advantage buy lots of shares and hold onto to them. Rule #27 in the book says if a company does well its stock eventually will . That's exactly what happened. I knew that Fannie Mae would be around in the future even after it fell deep into debt, because Warren Buffett said so in the 2012 Berkshire Hathaway meeting in Omaha. Today, May 18 is exactly 1 year since I began buying Fannie Mae shares. Of course, I hope I can buy more FNMA shares.
The Tao Of Warren Buffett, is the best book I have ever read because it helped me get out of financial uncertainty. I feared I might end up in a shelter without my wife and her pension. I dedicated myself to study wealth for the past 13 years . My wife Martha and I did well in the real state business but then came the 2008 financial meltdown and we managed to avoid foreclosure and to move from New York City, where life was very expensive and we could only afford to live in a 1 bedroom apartment, to Charlotte, N.C. where life has been much cheaper and we can afford a nice 3 bedroom 3 bath home. But I have never had a job since I've done real estate. Thank God.
I come from a middle class Mexican- PuertoRican family. All my life I wanted to be rich. I did not know how. I choose to become a dentist in Mexico and I did it and I specialized at the art and science of Endodontics. But that art did not include finances and although I was great at what I did I had to close down my office after 12 years of practice due to the consequences of a divorce and me not having enough patients. That journey was long and full of fear and uncertainty. The best thing of those times was the birth of my two sons and my office. I was always short of cash. I ended bankrupt. My father bail me out when he left me 100 K after he died. Thanks Dad.
That money protected me and later on my wife Martha.
I have recovered the money I inherited and I feel rich , really rich. I feel so secure. Today, I spend much less money than in my past and we stay home mostly to save money. I feel very happy with my new habits because in that way we always have enough money for anything. Thank God.
Thank you so much Mary for breaking that damned selfish code of silence which brings so much wealth to only a few . I really admire you Mary, I really do and over all I love you.
Sincerely,
Dr. Alfredo A. Atwater
Retired dental pain and infection expert
July 6, 2022
Merriam-Webster defines Tao as 'the unconditional source and guiding principle of all reality'. As it's name suggests, The "Tao" of Warren Buffett is hardly an understatement to the philosophical underpinnings that are introduced with the book. This book was my first-ever serious exposure to the world of investing, let alone one on Buffettology, and in my opinion, deserving of a beaming 5-stars. In summary, the author enumerates Buffett's stance on the ways of investing, business and life, in a way that would even appeal to the understanding of the most average of the average investor.
The underlying principle of the text is this; Buffett consistently played against market convention, exploiting the opportunities that came with short-sighted, profit-driven emotion of the public consensus. For instance, during poor quarters, when people dumped business, with a short-term mindset, that had a favourable long-term value, Buffett sensed buying opportunities in cheap stocks with good long-term business economics. When it came to picking shares, Bear Markets were Warren's favourite buffet, where stock prices were a steal as compared to the underlying value of the businesses.
Unparalleled patience, temperament and stubbornness in his methods, has made Buffett the stellar investor that he is today, with investment tactics that one can't afford to turn a blind eye towards, even in today's era. The Tao of Warren Buffett perfectly sums up his ideas, in succinct, witty, and short paragraphs, for anyone who is seeding an interest in the field of investing.
The underlying principle of the text is this; Buffett consistently played against market convention, exploiting the opportunities that came with short-sighted, profit-driven emotion of the public consensus. For instance, during poor quarters, when people dumped business, with a short-term mindset, that had a favourable long-term value, Buffett sensed buying opportunities in cheap stocks with good long-term business economics. When it came to picking shares, Bear Markets were Warren's favourite buffet, where stock prices were a steal as compared to the underlying value of the businesses.
Unparalleled patience, temperament and stubbornness in his methods, has made Buffett the stellar investor that he is today, with investment tactics that one can't afford to turn a blind eye towards, even in today's era. The Tao of Warren Buffett perfectly sums up his ideas, in succinct, witty, and short paragraphs, for anyone who is seeding an interest in the field of investing.
June 2, 2020
螣 Warren Buffett 蟿慰 苇蠂蔚喂 渭蔚 蟿喂蟼 伪蟿维魏蔚蟼.魏伪蟺慰喂蔚蟼 蠂蟻畏蟽喂渭蔚蠉慰蠀谓 魏伪喂 蔚魏蟿蠈蟼 蟿慰蠀 蠂蠋蟻慰蠀 蟿蠅谓 蔚蟺蔚谓未蠉蟽蔚蠅谓 魏伪喂 纬喂'伪蠀蟿蠈谓 蟿慰谓 位蠈纬慰 胃伪 蟿喂蟼 尾蟻蔚委蟿蔚 纬蟻伪渭渭苇谓蔚蟼 蟽蔚 未喂维蠁慰蟻伪 渭苇蟻畏 蟿慰蠀 未喂伪未喂魏蟿蠉慰蠀. 螒蠀蟿蠈 蟿慰 尾喂尾位喂伪蟻维魏喂 蟽蠀谓慰蠄委味蔚喂 魏伪喂 魏伪蟿畏纬慰蟻喂慰蟺慰喂蔚委 魏维蟺慰喂蔚蟼 伪蟺蠈 伪蠀蟿苇蟼 蔚蟻渭畏谓蔚蠉慰谓蟿伪蟼 蟿蔚蟼 魏伪喂 蔚尉畏纬蠋谓蟿伪蟼 蠀蟺蠈 蟺慰喂蔚蟼 蔚蟺喂蠂蔚喂蟻畏渭伪蟿喂魏苇蟼 蟽蠀谓胃萎魏蔚蟼 蔚喂蟺蠋胃畏魏伪谓.
螆谓伪 伪蟺慰位伪蠀蟽蟿喂魏蠈, 伪谓 渭畏 蟿喂 维位位慰, 尾喂尾位委慰 纬喂伪 魏维蟺慰喂慰谓 蟺慰蠀 蟿慰谓 蔚谓未喂伪蠁苇蟻蔚喂 蟿慰 伪谓蟿喂魏蔚委渭蔚谓慰.
螆谓伪 伪蟺慰位伪蠀蟽蟿喂魏蠈, 伪谓 渭畏 蟿喂 维位位慰, 尾喂尾位委慰 纬喂伪 魏维蟺慰喂慰谓 蟺慰蠀 蟿慰谓 蔚谓未喂伪蠁苇蟻蔚喂 蟿慰 伪谓蟿喂魏蔚委渭蔚谓慰.
June 28, 2019
This book is trash and a cynical cash-in on the name of Warren Buffett. The quotes are great, of course, but this book is 90% filler. Mary Buffett and David Clark are terrible writers and ought to be ashamed of themselves for putting this book into the world. That being said, I respect the hustle. You gotta make that money somehow.
July 5, 2020
A little repetitive, but, because short and full of many of Buffett鈥檚 best sayings, this is a worthwhile trove of wisdom. A nice book to peek at once in a while to reinforce good investing (and life) habits. Enjoyable.
August 6, 2011
Warren Buffett's investment philosophy is very valuable but this book is repetitive and superficial. I haven't searched but I believe most of the quotes of these book are available on the internet for anyone who cares to search... and the comments below are not extremely insightful. Maybe more concrete examples (there are a few but rather repetitive) would have added more value.
April 25, 2022
鈥溹竸喔膏笓喔勦抚喔｀笀喔班弗喔囙笚喔膏笝喙冟斧喙夃箑喔浮喔粪腑喔權竵喔编笟喔佮覆喔｀箒喔曕箞喔囙竾喔侧笝 喔權副喙堗笝喔勦阜喔� 喔曕弗喔笖喔娻傅喔о复喔曗€�
Warren E. Buffet
喙€喔ム箞喔∴笝喔掂箟喔箞喔侧笝喔囙箞喔侧涪 喙€喔炧弗喔脆笝喔斷傅 喙€喔ム箞喔∴箑喔ム箛喔� 喙� 喙佮笗喙堗箒喔澿竾喔斷箟喔о涪喔犩腹喔∴复喔涏副喔嵿笉喔侧笚喔掂箞喔赋喔勦副喔嵿笀喔侧竵喔權副喔佮弗喔囙笚喔膏笝喔溹腹喙夃涪喔脆箞喔囙箖喔笉喙堗笚喔掂箞喔父喔斷笗喔ム腑喔斷竵喔侧弗
Warren E. Buffet
喙€喔ム箞喔∴笝喔掂箟喔箞喔侧笝喔囙箞喔侧涪 喙€喔炧弗喔脆笝喔斷傅 喙€喔ム箞喔∴箑喔ム箛喔� 喙� 喙佮笗喙堗箒喔澿竾喔斷箟喔о涪喔犩腹喔∴复喔涏副喔嵿笉喔侧笚喔掂箞喔赋喔勦副喔嵿笀喔侧竵喔權副喔佮弗喔囙笚喔膏笝喔溹腹喙夃涪喔脆箞喔囙箖喔笉喙堗笚喔掂箞喔父喔斷笗喔ム腑喔斷竵喔侧弗
December 12, 2018
One of the best book to read at the end of the year. I have brief introduction before about Warren Buffet, on his successful investment technique and his generous philanthropic activities which is impeccable. But this book helps me to know about his traits such as the attitude, passion, ethics and vision clearly. He's one of the great souls living in the world for the goodness of the planet. This book by his daughter in law affirms it. Would like to finish this small review with the words of Buffett.
" Of the billionaires I have know, money just brings out the basic traits in them. You have to think of Ebenezer Scrooge, on the other hand had to start seeing the ghost before he got it. At the end of the day, If they were jerks before they had money, they are simply jerks with a billion dollars. If you were kind and generous before you were rich, you will be even more so after you are rich. " - Warren Buffett.
" Of the billionaires I have know, money just brings out the basic traits in them. You have to think of Ebenezer Scrooge, on the other hand had to start seeing the ghost before he got it. At the end of the day, If they were jerks before they had money, they are simply jerks with a billion dollars. If you were kind and generous before you were rich, you will be even more so after you are rich. " - Warren Buffett.
July 15, 2019
Not a bad book but the material is too introductory. It helped my investment game a little.
December 31, 2021
Something accessible like this is needed for beginners to understand the common sense approach to investing that WB follows. However:
a) this may have been dumbed down a bit too much
b) it is too repetitive in many places
Nonetheless, anyone starting off and interested in stock investing should read this to bust a lot of harmful myths upfront.
a) this may have been dumbed down a bit too much
b) it is too repetitive in many places
Nonetheless, anyone starting off and interested in stock investing should read this to bust a lot of harmful myths upfront.
May 7, 2019
Sound advice on business and wisdom on investing and finances from one of the richest men of our time!
September 10, 2020
Read it in 2 hours. Very simple to read.
July 3, 2012
"Never ask a barber if you need a haircut"
Sound stuff.
Sound stuff.
May 3, 2024
"The Tao of Warren Buffett鈥� is a compelling read that distills the wisdom of one of the world鈥檚 most successful investors into digestible, impactful quotes and interpretations. Mary Buffett and David Clark have crafted a book that not only highlights Warren Buffett鈥檚 investment strategies but also his life philosophy.
The book is a treasure trove of advice, from the importance of understanding the businesses you invest in to the value of long-term thinking. It鈥檚 presented in a manner that鈥檚 accessible to both seasoned investors and those new to the world of finance. The authors do an excellent job of explaining Buffett鈥檚 insights, making complex concepts seem simple and actionable.
While the book doesn鈥檛 reveal any groundbreaking secrets or complex techniques, it reinforces the power of fundamental principles that have stood the test of time. It encourages readers to accumulate knowledge, seek mentors, and develop strategies that align with their understanding and comfort level.
It鈥檚 a book that doesn鈥檛 promise overnight success but offers the tools and mindset needed to achieve financial wisdom and success.
The book is a treasure trove of advice, from the importance of understanding the businesses you invest in to the value of long-term thinking. It鈥檚 presented in a manner that鈥檚 accessible to both seasoned investors and those new to the world of finance. The authors do an excellent job of explaining Buffett鈥檚 insights, making complex concepts seem simple and actionable.
While the book doesn鈥檛 reveal any groundbreaking secrets or complex techniques, it reinforces the power of fundamental principles that have stood the test of time. It encourages readers to accumulate knowledge, seek mentors, and develop strategies that align with their understanding and comfort level.
It鈥檚 a book that doesn鈥檛 promise overnight success but offers the tools and mindset needed to achieve financial wisdom and success.
May 31, 2019
It is a small book containing words of wisdom by the great investor Warren Buffet, compiled and explained by his daughter-in-law, Mary Buffet and his disciple, David Clark.
The book is written in simple language and clear thoughts jotted down in clear words. Yet the chapters seems a repetition. In all, the book stretches around 15-20 maxims over 125 chapters. Probably this has been done deliberately to create a deeper impact on the reader. Despite this, the book is a sure guide if you are into the stock market and want to understand, what makes Warren a super-rich man?
The book is written in simple language and clear thoughts jotted down in clear words. Yet the chapters seems a repetition. In all, the book stretches around 15-20 maxims over 125 chapters. Probably this has been done deliberately to create a deeper impact on the reader. Despite this, the book is a sure guide if you are into the stock market and want to understand, what makes Warren a super-rich man?
July 27, 2021
Although these books aren鈥檛 written by the man himself, there is some good content in this book for the beginning advisor. If anything, it鈥檚 a kind of daily devotional for traders (without any religious sentiments). It gives good advice for making sustainable choices in your investments.
July 11, 2021
住驻专 讞诪讜讚 讘住讱 讛讻讜诇.
谞讬转谉 诇转诪爪转 讘诪砖驻讟 讗讞讚 - 拽谞讛 讛讬讜诐, 讛讞讝拽 诇驻讞讜转 30 砖谞讬诐 讜讗讝 转诪讻讜专, 讗讜 砖诇注讜诇诐 诇讗 转诪讻讜专, 讜讻讱 转讛驻讜讱 诇诪讬诇讬讗专讚专...
谞讬转谉 诇转诪爪转 讘诪砖驻讟 讗讞讚 - 拽谞讛 讛讬讜诐, 讛讞讝拽 诇驻讞讜转 30 砖谞讬诐 讜讗讝 转诪讻讜专, 讗讜 砖诇注讜诇诐 诇讗 转诪讻讜专, 讜讻讱 转讛驻讜讱 诇诪讬诇讬讗专讚专...
This entire review has been hidden because of spoilers.
January 1, 2022
袣薪懈谐邪褌邪 械 锌褗谢薪邪 褋 邪褎芯褉懈蟹屑懈 蟹邪 卸懈胁芯褌邪 懈 懈薪胁械褋褌懈褉邪薪械褌芯 - 屑邪谢泻邪, 薪械锌褉械褌械薪褑懈芯蟹薪邪 懈 锌褗谢薪邪 褋 写芯斜褉懈 褋褗胁械褌懈. 袦薪芯谐芯 谢械泻邪 懈 锌褉懈褟褌薪邪 蟹邪 褔械褌械薪械, 薪械蟹邪胁懈褋懈屑芯 写邪谢懈 褔芯胁械泻 褋械 懈薪褌械褉械褋褍胁邪 芯褌 懈薪胁械褋褌懈褉邪薪械 懈谢懈 薪械.
November 9, 2022
Love it
August 14, 2019
ANOTHER AUDIO BOOK FINISHED!
Driving on these long ass commutes and I decided I'd give my brain somewhere to wander.
I think this was perfect as an audiobook and don't know if I would have read it otherwise.
Hearing concise -isms on one of the most wealthy people on the planet was affirming and thought-provoking. If you take his principles and ideas about investing and apply them to any aspect of life (family, relationships, career, etc) they are pretty pragmatic and profound.
Some nuggets for me off the top of my head (ya know since I'm not like writing things down and highlighting and whatnot):
-accounting is the language of business
-invest in companies you actually believe in and believe in the growth of it long term
-investing is all about investing in the growth of tomorrow
-work with good people
-once you sign the dotted line that's it so re-read that ish and accept it
-stock market moves from scared to greedy: when people are scared, be 'greedy,' when people are greedy, be scared
-durable economic value (?) something like invest in companies that won't change/need a lot of R&D (disagree, I think times have changed a bit)
-invest in companies that you can explain why you invested in them
-the market will cut you a deal but brokers won't
-the stock market is just people moving money around
-if you're a shitty person before you're rich you'll be a shitty person after you're rich
-a business that requires a lot of capital to start with probably won't make you any money
Driving on these long ass commutes and I decided I'd give my brain somewhere to wander.
I think this was perfect as an audiobook and don't know if I would have read it otherwise.
Hearing concise -isms on one of the most wealthy people on the planet was affirming and thought-provoking. If you take his principles and ideas about investing and apply them to any aspect of life (family, relationships, career, etc) they are pretty pragmatic and profound.
Some nuggets for me off the top of my head (ya know since I'm not like writing things down and highlighting and whatnot):
-accounting is the language of business
-invest in companies you actually believe in and believe in the growth of it long term
-investing is all about investing in the growth of tomorrow
-work with good people
-once you sign the dotted line that's it so re-read that ish and accept it
-stock market moves from scared to greedy: when people are scared, be 'greedy,' when people are greedy, be scared
-durable economic value (?) something like invest in companies that won't change/need a lot of R&D (disagree, I think times have changed a bit)
-invest in companies that you can explain why you invested in them
-the market will cut you a deal but brokers won't
-the stock market is just people moving money around
-if you're a shitty person before you're rich you'll be a shitty person after you're rich
-a business that requires a lot of capital to start with probably won't make you any money
August 29, 2013
Warren Buffet offers wisdom that made him a billionaire but I do not feel I shall have the same results as he in this day and age. However, his business acumen and attitude toward life do teach sound decision-making that can improve one's station in life. I listened to this book on a two-CD set.
October 18, 2019
Loads of great quotes and advice from the Sage of Omaha. Never invest in a company any idiot can鈥檛 run because one day an idiot will be running it is probably one of the better pieces of advice from Mr Buffet
February 1, 2016
丕賱賰鬲丕亘 毓亘丕乇丞 毓賳 賳氐丕卅丨 賲兀禺賵匕丞 賲賳 賵丕乇賳 亘丕賮賷鬲 賮賷 賲噩丕賱 丕賱賲丕賱 賵丕賱兀毓賲丕賱 .. 丕賱賰鬲丕亘 賮賷賴 亘毓囟 丕賱賮賵丕卅丿 賵氐睾賷乇 丕賱丨噩賲 賱賰賳 賷毓賷亘賴 丕賱賰孬賷乇 賲賳 丕賱鬲賰乇丕乇 .. 亘卮賰賱 毓丕賲 賱賷爻 匕賱賰 丕賱賰鬲丕亘 丕賱匕賷 賷賳氐丨 賮賷賴 亘卮丿丞
January 14, 2017
Easy to understand & digest. Very helpful book.
October 1, 2021
Enjoyed this book. Quick read with a lot of great concepts. My takeaways below.
Mary Buffett was for 12 years the daughter-in-law of Warren Buffett and has since released several books on Buffett鈥檚 views on investing. During years of family dinners, she has learned about investments, education, mentors, and life in general. The word 鈥渢ao鈥� is Chinese and means 鈥渨ay鈥�, 鈥減ath鈥� or 鈥渄octrine鈥�.
TWO RULES OF INVESTING. Buffett has said that 鈥淩ule no. 1 is never lose money. Rule No. 2 is to never forget rule No. 1鈥�. You get rich by compounding capital over a long period of time. There can be no zeros in the protocol. In addition, time is the friend of a good investment outcome. The earlier you start the better. Buffett has joked 鈥淚 made my first investment at eleven. I was wasting my life up until then鈥�.
THINK BEFORE YOU ACT. It is difficult to get out of a signed contract 鈥� so do all the thinking before you sign. Think through all the scenarios, especially the negative ones. Thinking long and carefully before signing saves a lot of future thinking time if the decision turns out to be wrong.
鈥滻t is easier to stay out of trouble than it is to get out of trouble鈥�
YOUR REPUTATION IS YOUR MOST IMPORTANT ASSET. Buffett is known for thinking about his reputation first. It takes 20 years to build a good reputation but five minutes to ruin it. If you think about it, you do things differently.
鈥滻t鈥檚 best not to do something that you know is wrong, because if you are caught, the price you pay may be more than you can afford.鈥�
WATCH OUT FOR BAD HABITS EARLY IN LIFE. A well-known quote from Buffett is 鈥淭he chains of habit are too light to be felt until they are too heavy to be broken.鈥� However, it is not his own words, but the British philosopher Bertrand Russell鈥檚. Early in life we can choose what habits we want. Later in life, we are stuck with the habits we have picked when we were young.
WATCH OUT FOR A CHERRY CONSENSUS. In the stock market, you get paid to go your own way 鈥� provided the analysis is correct. If you do as everyone else, you get what everyone else gets and can therefore not expect miracles. If a stock is liked by everyone, it is expensive. Then the upside is small if the business develops as expected, but the downside is large if something goes wrong. Buffett has said 鈥淭he less prudence which with others conduct their affairs, the greater the prudence with which we should conduct our affairs鈥�. On the same subject, he has also said that we should be fearful when others are greedy, and greedy when others are fearful.
BASIC MATH IS ENOUGH. According to Buffett, a successful investor only needs to be able to add, subtract, multiply and divide. In addition, he needs to be fluent in calculations of percentages and probabilities. When an investment is justified by Greek figures, it is not good 鈥� then the uncertainty is too great.
INTEGRITTY, INTELLIGENCE AND ENERGY. When Buffett hires someone, he wants them to have integrity, be intelligent and have a lot of energy. He is famous for saying 鈥淎nd if you don鈥檛 have the first, the other two will kill you.鈥� If he has all three, he can leave them to take care of themselves and expect a good job.
DON鈥橳 POSTPONE LIFE. There will come a time when you should start doing what you really want. There are many who take job after job because it will look good on their CV. This behavior is only good for a while. Doing it for too long is like saving up sex for later in life.
DON鈥橳 LOOK BACK. Buffett has said that he never looks back. We all make mistakes and there is so much to look forward to in the future. Why then suffer from previous bad decisions that we still cannot do anything about. We can only live our lives forward.
ACCEPT MISTAKES. If you never make any mistakes, you never make any decisions. Mistakes are part of the game. Those who can make decisions will lead and those who cannot be led. Part of decision making is making mistakes. If you make twelve decisions in one day, something will be wrong. Buffett, on the other hand, always wants to be able to explain his mistakes, so he makes no decisions if he does not understand the situation.
Mary Buffett was for 12 years the daughter-in-law of Warren Buffett and has since released several books on Buffett鈥檚 views on investing. During years of family dinners, she has learned about investments, education, mentors, and life in general. The word 鈥渢ao鈥� is Chinese and means 鈥渨ay鈥�, 鈥減ath鈥� or 鈥渄octrine鈥�.
TWO RULES OF INVESTING. Buffett has said that 鈥淩ule no. 1 is never lose money. Rule No. 2 is to never forget rule No. 1鈥�. You get rich by compounding capital over a long period of time. There can be no zeros in the protocol. In addition, time is the friend of a good investment outcome. The earlier you start the better. Buffett has joked 鈥淚 made my first investment at eleven. I was wasting my life up until then鈥�.
THINK BEFORE YOU ACT. It is difficult to get out of a signed contract 鈥� so do all the thinking before you sign. Think through all the scenarios, especially the negative ones. Thinking long and carefully before signing saves a lot of future thinking time if the decision turns out to be wrong.
鈥滻t is easier to stay out of trouble than it is to get out of trouble鈥�
YOUR REPUTATION IS YOUR MOST IMPORTANT ASSET. Buffett is known for thinking about his reputation first. It takes 20 years to build a good reputation but five minutes to ruin it. If you think about it, you do things differently.
鈥滻t鈥檚 best not to do something that you know is wrong, because if you are caught, the price you pay may be more than you can afford.鈥�
WATCH OUT FOR BAD HABITS EARLY IN LIFE. A well-known quote from Buffett is 鈥淭he chains of habit are too light to be felt until they are too heavy to be broken.鈥� However, it is not his own words, but the British philosopher Bertrand Russell鈥檚. Early in life we can choose what habits we want. Later in life, we are stuck with the habits we have picked when we were young.
WATCH OUT FOR A CHERRY CONSENSUS. In the stock market, you get paid to go your own way 鈥� provided the analysis is correct. If you do as everyone else, you get what everyone else gets and can therefore not expect miracles. If a stock is liked by everyone, it is expensive. Then the upside is small if the business develops as expected, but the downside is large if something goes wrong. Buffett has said 鈥淭he less prudence which with others conduct their affairs, the greater the prudence with which we should conduct our affairs鈥�. On the same subject, he has also said that we should be fearful when others are greedy, and greedy when others are fearful.
BASIC MATH IS ENOUGH. According to Buffett, a successful investor only needs to be able to add, subtract, multiply and divide. In addition, he needs to be fluent in calculations of percentages and probabilities. When an investment is justified by Greek figures, it is not good 鈥� then the uncertainty is too great.
INTEGRITTY, INTELLIGENCE AND ENERGY. When Buffett hires someone, he wants them to have integrity, be intelligent and have a lot of energy. He is famous for saying 鈥淎nd if you don鈥檛 have the first, the other two will kill you.鈥� If he has all three, he can leave them to take care of themselves and expect a good job.
DON鈥橳 POSTPONE LIFE. There will come a time when you should start doing what you really want. There are many who take job after job because it will look good on their CV. This behavior is only good for a while. Doing it for too long is like saving up sex for later in life.
DON鈥橳 LOOK BACK. Buffett has said that he never looks back. We all make mistakes and there is so much to look forward to in the future. Why then suffer from previous bad decisions that we still cannot do anything about. We can only live our lives forward.
ACCEPT MISTAKES. If you never make any mistakes, you never make any decisions. Mistakes are part of the game. Those who can make decisions will lead and those who cannot be led. Part of decision making is making mistakes. If you make twelve decisions in one day, something will be wrong. Buffett, on the other hand, always wants to be able to explain his mistakes, so he makes no decisions if he does not understand the situation.
October 26, 2020
*Some takeaways at the bottom of the review.*
A little bit repetitive, and sometimes contradictory. Just like the Bible.
Actually, I've found just one thing contradictory: "you need to know accounting to properly estimate the intrinsic value of a company, and to understand earning reports and stuff". But then says that "knowing how to multiply, add, subtract and calculate percentages it's enough". I guess accounting is that simple 驴? lol
Anyways, it has good advice, it's really helpful for new investors. The book helps the reader to gain a broader perspective of value investing, to clarify ideas.
It's not a technical guide on fundamental analysis. It's a bunch of quotes from Warren Buffet, sometimes with proper explanation and context.
My top takeaways:
* Be disciplined.
* Value investing is long term.
* Buy when it's cheap and everyone is selling, sell when it's expensive and everyone is buying.
* Money isn't happiness, neither the best thing in life. Relationships are.
* Be around of people that is better than you, so you can learn from them.
* Buy on recessions/when the market falls.
* Buy stocks from a company that has a business so solid that even an idiot CEO can't screw up.
* Buy undervalued stocks.
* Know the business you are investing in.
* Diversification is the shield of the fools. If you are ignorant, diversify. If your agent tells you to diversify more and more, he's an ignorant, beware!
* Agents win with each transaction you make, that's why they don't like the long term strategy. Beware of that. Don't change your stocks each month. It's a long term game.
* Don't listen to rumors/whispers. Don't.
Nice one =)
A little bit repetitive, and sometimes contradictory. Just like the Bible.
Actually, I've found just one thing contradictory: "you need to know accounting to properly estimate the intrinsic value of a company, and to understand earning reports and stuff". But then says that "knowing how to multiply, add, subtract and calculate percentages it's enough". I guess accounting is that simple 驴? lol
Anyways, it has good advice, it's really helpful for new investors. The book helps the reader to gain a broader perspective of value investing, to clarify ideas.
It's not a technical guide on fundamental analysis. It's a bunch of quotes from Warren Buffet, sometimes with proper explanation and context.
My top takeaways:
* Be disciplined.
* Value investing is long term.
* Buy when it's cheap and everyone is selling, sell when it's expensive and everyone is buying.
* Money isn't happiness, neither the best thing in life. Relationships are.
* Be around of people that is better than you, so you can learn from them.
* Buy on recessions/when the market falls.
* Buy stocks from a company that has a business so solid that even an idiot CEO can't screw up.
* Buy undervalued stocks.
* Know the business you are investing in.
* Diversification is the shield of the fools. If you are ignorant, diversify. If your agent tells you to diversify more and more, he's an ignorant, beware!
* Agents win with each transaction you make, that's why they don't like the long term strategy. Beware of that. Don't change your stocks each month. It's a long term game.
* Don't listen to rumors/whispers. Don't.
Nice one =)
May 11, 2022
Arguably the greatest investor in modern times, these snippets from shareholder's meetings & interviews show that Warren Buffet is a very wise man & his investing wisdom can be applied to life in general. For example, he says, " 鈥淵ou can鈥檛 make a good deal with a bad person.鈥滱 bad person is a bad person, and a bad person will never make you a good deal. The world is filled with enough good and honest people that doing business with the dishonest ones is pure foolishness.
The rule is simple: People with integrity are predisposed to perform; people without integrity are predisposed not to perform. It is best not to get the two confused. "
And Buffet has such a wonderfully accessible & epigrammatic way of articulating his wisdom. For instance, " You should invest like a Catholic marries ---> for life... "
鈥�....I look for businesses in which I think I can predict what they鈥檙e going to look like in ten to fifteen years鈥� time. Take Wrigley鈥檚 chewing gum. I don鈥檛 think the Internet is going to change how people chew gum.鈥�
..... 鈥淪omeone is sitting in the shade today because someone planted a tree a long time ago.鈥�
Also, Buffet is often objectively funny. Like he began sharing his background by saying, 鈥淚 made my first investment at age eleven. I was wasting my life up until then.鈥�
This book is itself is a great investement offerring a wealth of wisdom.
The rule is simple: People with integrity are predisposed to perform; people without integrity are predisposed not to perform. It is best not to get the two confused. "
And Buffet has such a wonderfully accessible & epigrammatic way of articulating his wisdom. For instance, " You should invest like a Catholic marries ---> for life... "
鈥�....I look for businesses in which I think I can predict what they鈥檙e going to look like in ten to fifteen years鈥� time. Take Wrigley鈥檚 chewing gum. I don鈥檛 think the Internet is going to change how people chew gum.鈥�
..... 鈥淪omeone is sitting in the shade today because someone planted a tree a long time ago.鈥�
Also, Buffet is often objectively funny. Like he began sharing his background by saying, 鈥淚 made my first investment at age eleven. I was wasting my life up until then.鈥�
This book is itself is a great investement offerring a wealth of wisdom.
April 22, 2022
Short and sweet Warren Buffett quotations on business, mentors, education, life, work, mistakes, habits, economics, and virtue. Some of my favorite ones are:
No. 3: 鈥淣ever be afraid to ask for too much when selling or offer to little when buying.鈥�
No. 47: 鈥淚n looking for someone to hire, you look for three qualities: integrity, intelligence, and energy. But the most important is integrity, because if they don鈥檛 have that, the other two qualities are found to kill you.鈥�
No. 53: 鈥淲e enjoy the process far more than the proceeds, though I have learned to live with those also.鈥�
No. 56: 鈥淎 friend of mine spent twenty years looking for the perfect woman; unfortunately, when he found her, he discovered that she was looking for the perfect man.鈥�
No. 57: 鈥淣ever ask a barber if you need a haircut.鈥�
No. 58: 鈥淔orecasts usually tell us more of the forecaster than of the forecast.鈥�
No 82: 鈥淭he most important thing to do if you find yourself in a hole is to stop digging.鈥�
No. 3: 鈥淣ever be afraid to ask for too much when selling or offer to little when buying.鈥�
No. 47: 鈥淚n looking for someone to hire, you look for three qualities: integrity, intelligence, and energy. But the most important is integrity, because if they don鈥檛 have that, the other two qualities are found to kill you.鈥�
No. 53: 鈥淲e enjoy the process far more than the proceeds, though I have learned to live with those also.鈥�
No. 56: 鈥淎 friend of mine spent twenty years looking for the perfect woman; unfortunately, when he found her, he discovered that she was looking for the perfect man.鈥�
No. 57: 鈥淣ever ask a barber if you need a haircut.鈥�
No. 58: 鈥淔orecasts usually tell us more of the forecaster than of the forecast.鈥�
No 82: 鈥淭he most important thing to do if you find yourself in a hole is to stop digging.鈥�
November 14, 2021
When you get this book, understand that you're buying a very simplified (Perhaps oversimplified) version of Warren Buffett's words. If one can remember that as they read through the book, this is a great book and one with generic value. Many principles and values are certainly watered down, but no one should buy this book with the expectation that they will understand Buffett's approaches to investments to an expert level. It's useful as a quick read and as a book that gives several examples of valuable lessons from Buffett's past. Useful, good, entertaining, but not great and certainly not timeless. Buy it as a quick read. No complicated ideas or methodologies, just straightforward and fast-fact information. Rent this book and if you must buy it, buy it used.
March 15, 2018
The Tao of Warren Buffett is a rather simple book about a rather simple man. It delves into the main philosophy of Warren Buffett, his investing strategy, and random gems about becoming a successful person. The structure of the book is the format of (Quote, Analysis); an aphorism or short idea is presented at the top of the page and analysis for that quote is presented below it. I think the book could have proved more useful if it included more comprehensive, concrete investing advice and analysis by Warren himself rather than his relatives. Overall, the book was a brisk, insightful, and commonsense read. Several of his quotes and their applications will remain with you long after reading.
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