Title: The Essays of Warren Buffett: Lessons for Corporate America / Edition 3
Author: Lawrence A. Cunningham (Editor), Warren Buffett
ISBN-10: 1611634091
ISBN-13: 9781611634099
In the third edition of this international best seller, Lawrence Cunningham brings you the latest wisdom from Warren Buffett’s annual letters to Berkshire Hathaway shareholders. New material addresses: – the financial crisis and its continuing implications for investors, managers and society; – the housing bubble at the bottom of that crisis; – the debt and derivatives excesses that fueled the crisis and how to deal with them; – controlling risk and protecting reputation in corporate governance; – Berkshire’s acquisition and operation of Burlington Northern Santa Fe; – the role of oversight in heavily regulated industries; – investment possibilities today; and – weaknesses of popular option valuation models. Some other material has been rearranged to deepen the themes and lessons that the collection has always produced: – Buffett’s “owner-related business principles” are in the prologue as a separate subject and – valuation and accounting topics are spread over four instead of two sections and reordered to sharpen their payoff.
