Customer Reviews

Thoughts of Chairman Buffett: Thirty Years of Unconventional Wisdom from the Sage of Omaha

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Hmm. For around 8 beans, you get Warren's quotes. Should you get it? Only if you hang onto every one of his words. Overall, the book was short and all right. Some excellent quotes to take note though.

This is a great little book that encapsulates the life and investment career of the most widely written about investor in history, Warren Buffett. It is a collection of Warren's wit, wisdom, humor and charm spanning his very successful career as Chairman of Berkshire Hathaway. The book is a collection of quotations covering everything from hiring people to his final goal: "What I want people to say when they pass my casket is, Boy was he old!" This little book is inspiring, funny and gives insights into what made Warren so successful. The author, Siimon Reynold, ends the book with a basic interpretation of Buffett's rules of investing. I call this book the "Vest-Pocket" Warren Buffett. It is an easy read that you'll refer to over and over.

I've read numerous books about Buffett. What i really like about this book is it's brevity.
The author has assembled Warren's most poignant, pithy and brilliant quotes in one short , sharp book.
I learnt more about Buffett's philosophies from the this little gem than from any other book on the subject.
Frankly, it's a pity most other busineess books aren't this succinct.An outstanding read.

A fifteen minute read of various quotations by Warren Buffett. It ends with a brief summary of his technique. Build a focussed portfolio of shares in businesses you understand. These businesses are growing. Buy when they are selling at attractive prices only. Hold them while they continue growing. Allow compounding and earnings reinvestment to work for you.

"Thoughts of Chairman Buffett" is modeled after Chairman Mao's "Little Red Book" - an analogy that makes no sense whatsoever. Its contents are primarily short quotations from Warren Buffett, with a few pages of biography.

I read the material hoping to get some sense of Buffett's investment strategy. Little of that was provided, however. Nonetheless, Buffett's sayings, even out of any context, provide somewhat interesting material, demonstrated in the following.

If you're smart, you don't need debt; if you're not, it's poisonous. Good businesses are the ones that in some way are reasonably sheltered from competition. The key in life is figuring out who to be the bat boy for. You're neither right nor wrong because other people agree with you; you're right because your facts are right and your reasoning is right. All I want is one good idea every year. It looks impressive if it comes out of a computer, but it's frequently nonsense. It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price. The most important quality for an investor is temperament, not intellect. The fewer stocks you have, the more time you can spend being expert on them. My favorite holding period is forever.