Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor
Timeless guidelines from his letters: "Mr. Miller has done a superb job . . . If you are fascinated by investment theory and practice, you will enjoy this book." —Warren Buffett
In the fourteen years between his time in New York with value-investing guru Benjamin Graham and his start as chairman of Berkshire Hathaway, Warren Buffett managed Buffett Partnership Limited, his first professional investing partnership. Over the course of that time—a period in which he experienced an unprecedented record of success—Buffett wrote semiannual letters to his small but growing group of partners, sharing his thoughts, approaches, and reflections.
Compiled for the first time and with Buffett's permission, the letters spotlight his contrarian diversification strategy, his almost religious celebration of compounding interest, his preference for conservative rather than conventional decision making, and his goal and tactics for bettering market results by at least 10% annually. Demonstrating Buffett's intellectual rigor, they provide a framework to the craft of investing that had not existed before: Buffett built upon the quantitative contributions made by his famous teacher, Benjamin Graham, demonstrating how they could be applied and improved.
These letters offer us a rare look into Buffett's mind and accessible lessons in control and discipline—effective in bull and bear markets alike, and in all types of investing climates—that are the bedrock of his success. Warren Buffett's Ground Rules paints a portrait of the sage as a young investor during a time when he developed the long-term value-oriented strategy that helped him build the foundation of his wealth—rules for success investors need, today and every day.
"An extraordinarily useful book for anyone who is interested in investing." —Guy Spier, author of The Education of a Value Investor
"This book is much more than a compilation of excerpts from Buffett's letters, smartly organized by investment theme. Miller begins every chapter with an articulate and insightful synthesis, which helps the reader understand Buffett's key ground rules on each theme." —Robert Pozen, Senior Lecturer, MIT Sloan School of Management
"Just when you thought you knew everything about the investing guru, [this] book provides unique insights." —Worth Magazine
1122494203
Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor
Timeless guidelines from his letters: "Mr. Miller has done a superb job . . . If you are fascinated by investment theory and practice, you will enjoy this book." —Warren Buffett
In the fourteen years between his time in New York with value-investing guru Benjamin Graham and his start as chairman of Berkshire Hathaway, Warren Buffett managed Buffett Partnership Limited, his first professional investing partnership. Over the course of that time—a period in which he experienced an unprecedented record of success—Buffett wrote semiannual letters to his small but growing group of partners, sharing his thoughts, approaches, and reflections.
Compiled for the first time and with Buffett's permission, the letters spotlight his contrarian diversification strategy, his almost religious celebration of compounding interest, his preference for conservative rather than conventional decision making, and his goal and tactics for bettering market results by at least 10% annually. Demonstrating Buffett's intellectual rigor, they provide a framework to the craft of investing that had not existed before: Buffett built upon the quantitative contributions made by his famous teacher, Benjamin Graham, demonstrating how they could be applied and improved.
These letters offer us a rare look into Buffett's mind and accessible lessons in control and discipline—effective in bull and bear markets alike, and in all types of investing climates—that are the bedrock of his success. Warren Buffett's Ground Rules paints a portrait of the sage as a young investor during a time when he developed the long-term value-oriented strategy that helped him build the foundation of his wealth—rules for success investors need, today and every day.
"An extraordinarily useful book for anyone who is interested in investing." —Guy Spier, author of The Education of a Value Investor
"This book is much more than a compilation of excerpts from Buffett's letters, smartly organized by investment theme. Miller begins every chapter with an articulate and insightful synthesis, which helps the reader understand Buffett's key ground rules on each theme." —Robert Pozen, Senior Lecturer, MIT Sloan School of Management
"Just when you thought you knew everything about the investing guru, [this] book provides unique insights." —Worth Magazine
19.99 In Stock
Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor

Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor

by Jeremy C. Miller
Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor

Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor

by Jeremy C. Miller

eBook

$19.99 

Available on Compatible NOOK devices, the free NOOK App and in My Digital Library.
WANT A NOOK?  Explore Now

Related collections and offers

LEND ME® See Details

Overview

Timeless guidelines from his letters: "Mr. Miller has done a superb job . . . If you are fascinated by investment theory and practice, you will enjoy this book." —Warren Buffett
In the fourteen years between his time in New York with value-investing guru Benjamin Graham and his start as chairman of Berkshire Hathaway, Warren Buffett managed Buffett Partnership Limited, his first professional investing partnership. Over the course of that time—a period in which he experienced an unprecedented record of success—Buffett wrote semiannual letters to his small but growing group of partners, sharing his thoughts, approaches, and reflections.
Compiled for the first time and with Buffett's permission, the letters spotlight his contrarian diversification strategy, his almost religious celebration of compounding interest, his preference for conservative rather than conventional decision making, and his goal and tactics for bettering market results by at least 10% annually. Demonstrating Buffett's intellectual rigor, they provide a framework to the craft of investing that had not existed before: Buffett built upon the quantitative contributions made by his famous teacher, Benjamin Graham, demonstrating how they could be applied and improved.
These letters offer us a rare look into Buffett's mind and accessible lessons in control and discipline—effective in bull and bear markets alike, and in all types of investing climates—that are the bedrock of his success. Warren Buffett's Ground Rules paints a portrait of the sage as a young investor during a time when he developed the long-term value-oriented strategy that helped him build the foundation of his wealth—rules for success investors need, today and every day.
"An extraordinarily useful book for anyone who is interested in investing." —Guy Spier, author of The Education of a Value Investor
"This book is much more than a compilation of excerpts from Buffett's letters, smartly organized by investment theme. Miller begins every chapter with an articulate and insightful synthesis, which helps the reader understand Buffett's key ground rules on each theme." —Robert Pozen, Senior Lecturer, MIT Sloan School of Management
"Just when you thought you knew everything about the investing guru, [this] book provides unique insights." —Worth Magazine

Product Details

ISBN-13: 9780062415578
Publisher: HarperCollins
Publication date: 02/27/2024
Sold by: OPEN ROAD INTEGRATED - EBKS
Format: eBook
Pages: 341
File size: 2 MB

About the Author

Jeremy Miller is an investment analyst for a leading New York based Mutual Fund Company.  He has over 15 years of financial industry experience, having served in various capacities across Equity Sales and Research at several of the world's largest investment banks.

Table of Contents

Introduction x

Part I

Chapter 1 Orientation 3

Chapter 2 Compounding 17

Chapter 5 Market Indexing: The Do-Nothing Rationale 29

Chapter 4 Measuring Up: The Do-Nothings Versus the Do-Somethings 41

Chapter 5 The Partnership: An Elegant Structure 55

Part II

Chapter 6 The Generals 71

Chapter 7 Workouts 105

Chapter 8 Controls 119

Chapter 9 Dempster Diving: The Asset Conversion Play 148

Part III

Chapter 10 Conservative Versus Conventional 169

Chapter 11 Taxes 187

Chapter 12 Size Versus Performance 199

Chapter 13 Go-Go or No-Go 209

Chapter 14 Parting Wisdom 249

Epilogue: Toward A Higher Form 277

Acknowledgments 283

Appendix A The Results of Buffett's Partnerships 285

Appendix B The Results of Buffett's Partnerships Versus Leading Trust And Mutual Funds 287

Appendix C Sequoia Fund Performance 289

Appendix D Dempster Mill 291

Appendix E Buffett's Last Letter: The Mechanics of Tax-Free Municipal Bonds 293

Notes 311

Index 319

From the B&N Reads Blog

Customer Reviews