Publications

A Few Lessons for Investors and Managers From Warren Buffett

Type
Link
Cost
Paid
Published
2012

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

  1. What Investing in Financial Assets is All About

  2. Valuation

  3. The Value of a Business

  4. Return of Tangible Invested Capital Reflects the Cash Flow Generating Characteristics of the Business

  5. Business Characteristics: The Great, the Good and the Gruesome

  6. Past Results as a Guide: Sometimes Useful and Sometimes Dangerous

  7. The Importance of Trustworthy and Talented Management

  8. The Importance of Clear Yardsticks to Judge Management Performance

  9. Corporate Governance

  10. Owners and Management

  11. Management Compensation: I Get What I Reward For

  12. Mergers and Acquisitions: Dumb Acquisitions Cost Owners Far More than Most Other Things

  13. A Few Management Issues

  14. How to Reduce Risk: Prevention is Better than Cure

  15. Sometimes Mistakes are Made