“A fundamental principle: It is better to be approximately right than precisely wrong.” ~Warren Buffett Lawrence A. Cunningham’s spectacular book, The Essays of Warren Buffett: Lessons for Corporate America, outlines the mind and investment strategies of Warren Buffett. Cunningham’s work expertly welds together chunks of Buffett’s educational essays on topics that span the entire continuum of issues that investors face (see his guest post on ValueWalk, Origins and Value of The Essays of Warren Buffett: Lessons for Corporate America). Whether you’re curious about which organizational designs constitute the best business practices, the way a business should structure its stock options and compensation plans, or simply the thought processes of a successful investor, Buffett manages to explain extremely difficult, complex principles in a succinct and clear way. Buffett’s material informative and amusing Throughout each essay, you’ll find empirical examples, relevant quotes, and sometimes lessons from Buffett’s mentors Benjamin Graham and David Dodd. To top it off, some of his material is quite amusing and caused me to literally laugh out loud even in the midst of learning a great amount. As each page turns, Buffett’s viewpoints grow more compelling as he not only continually mounts justifications for his perspective, but also reminds [...]
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