The Essays of Warren Buffett: Lessons for Investors and Managers by Lawrence Cunningham
In my opinion, the best book about Buffett is The Essays of Warren Buffett: Lessons for Investors and Managers by Lawrence Cunningham. Simply put, this book is like an MBA equivalent! It should be a MUST READ for every investor, business owner and manager.
Not only does this book cover many of the important lessons for investors offered by Warren Buffett from his annual essays and reports, but it also covers much about business management. It is hard to imagine that anyone can read this book and not learn something from it. I have found it to be such an excellent and informative book that I have read my copy three times.
The Berkshire Hathaway annual report is renowned for covering a huge amount of ground. This is partly because Warren Buffett comments on so many areas of business and management and also because the company's business interests span so many industries and locations.
The Berkshire Hathaway Annual General Meeting must be quite an event with the "Sage of Omaha" dispensing wisdom and wit for a day. Not for nothing is this annual gathering known as The Woodstock of capitalism!
As many people who are interested in investment will know, the Berkshire Hathaway annual report is available online. In fact, back issues a can all be found on the
However, these reports are always very long which makes them a tough one off read. In addition, Buffett often writes about a topic and then follows up a few years later. This means that his actual thoughts, when compiled, might be found in three or four annual reports.
Lawrence Cunningham has edited Buffett's writing covering years into coherent and often profound essays. This makes the topics much more straightforward for the reader and therefore, more useful.
The book does not cover the investment methods of Warren Buffett in the same way that Buffettology does.
However, it does cover lots of ground that Buffettology does not. For example, the book also covers accounting and valuation issues, mergers and acquisitions, common stock and alternatives to common stock.
As a pair, The Essays Of Warren Buffett and Buffettology will help your investment and business management no end. I highly recommend them both to you.
If my praise is not enough for you, Charlie Munger described The Essays Of Warren Buffett as 'Very practical', whilst Warren Buffett himself called it, 'First Class. A great job of collating our philosophy.' Need I say more?
To read more of our book reviews about the great man, please follow the links below:
Warren Buffett Book Reviews
The Intelligent Investor by Benjamin Graham
Warren Buffett Speaks by Janet Lowe
Buffett The Making Of An American Capitalist by Roger Lowenstein
The Warren Buffett Way by Robert Hagstrom
Buffettology by Mary Buffett and David Clark
The Tao Of Warren Buffett by Mary Buffett and David Clark