A Few Lessons for Investors and Managers From Warren Buffett
A Few Lessons for Investors and Managers From Warren Buffett is a guide about how managers and investors can increase their chance of success and reduce the chance of harm. It tells in a short-easy-to-read way about what managers and investors can learn from Buffett. This is a selection of useful and timeless wisdom where Warren Buffett in his own words tells us how to think about business valuation, what is a good and bad business, acquisitions and their traps, yardsticks, compensation issues, how to reduce risk, corporate governance, the importance of trust and the right culture, learning from mistakes, and more.
Table of Contents
What Investing in Financial Assets is All About
Return of Tangible Invested Capital Reflects the Cash Flow Generating Characteristics of the Business
Business Characteristics: The Great, the Good and the Gruesome
Past Results as a Guide: Sometimes Useful and Sometimes Dangerous
The Importance of Trustworthy and Talented Management
The Importance of Clear Yardsticks to Judge Management Performance
Owners and Management
Management Compensation: I Get What I Reward For
Mergers and Acquisitions: Dumb Acquisitions Cost Owners Far More than Most Other Things
A Few Management Issues
How to Reduce Risk: Prevention is Better than Cure
Sometimes Mistakes are Made