Warren Buffett on Business Principles from the Sage of Omaha

by Buffett, Warren; Connors, Richard J.

• ISBN13: 9780470502303
• ISBN10: 0470502304
• Edition: 1st
• Format: Hardcover
• Copyright: 2009-12-09
• Publisher: Wiley

Summary

Warren Buffett on Business: Principles from the Sage of Omaha is a handbook on timeless strategies to run a successful business in Buffett's own remarkable words. The book is a compilation of Buffett's Berkshire Hathaway stockholder letters covering topics such as corporate culture, communication, corporate governance, compensation, and acquisitions. It is about his way of communicating with and treating employees and shareholders fairly and honestly, responsible corporate governance, ethical behavior, patience and perseverance, admitting mistakes, and having a passion for work.

Author Biography

Richard J. Connors is a Registered Investment Advisor and owner of Connors Investment Management Company in St. Louis, Missouri. Beginning in 2006, he has presented a class on Warren Buffett at the Washington University in St. Louis Lifelong Learning Institute. He is a graduate of the University of Notre Dame Business School and the St. Louis University School of Law.

Table of Contents

Acknowledgments	p. ix
Introduction	p. xi
Shareholders as Partners	p. 1
Corporate Culture	p. 5
Corporate Governance	p. 15
Berkshire Managers	p. 29
Communication	p. 33
Acquisition of Nebraska Furniture Mart	p. 43
Acquisition of GEICO	p. 51
Acquisition of General Reinsurance	p. 57
The Assessment and Management of Risk	p. 71
Executive Compensation	p. 77
Time Management	p. 83
How to Manage a Crisis	p. 87
Management Principles and Practices	p. 99
Executive Behavior	p. 131
Mistakes I've Made	p. 141
Personal Investing	p. 151
Buffett, the Teacher	p. 165
Humor and Stories	p. 175
A Chronological History	p. 181
Berkshire Hathaway Inc., An Owner's Manual, Owner-Related Business Principles, January 1999	p. 189
Berkshire Hathaway Inc., Code of Business Conduct and Ethics	p. 201
July 23, 2008, Memo to Berkshire Hathaway Managers	p. 209
Berkshire Hathaway Inc., Corporate Governance Guidelines, as Amended on February 27, 2006	p. 213
Intrinsic Value	p. 219
The Superinvestors of Graham-and-Doddsville	p. 223
Berkshire's Corporate Performance versus the S&P 500	p. 237
Berkshire Hathaway Common Stock-Year-End Stock Prices	p. 241
Notes	p. 243
About the Author	p. 259
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