A Few Lessons for Investors and Managers - By Peter Bevelin
As Warren Buffett mentioned in his Letter to Shareholders, Peter Bevelin has put together a new book explaining Berkshire’s investment and operating principles. I’ve interview Peter twice on this blog (HERE and HERE) and those interviews are probably the most popular things I’ve put up over the years. The book will be released at the Annual Meeting on May 5th, but you can preorder a copy HERE. A description from the site is copied below.
*****
Peter Bevelin begins A Few Lessons for Investors and Managers with Warren Buffett’s wisdom, "I am a better investor because I am a businessman and a better businessman because I am an investor." This book is about how managers and investors can increase their chance of success and reduce the chance of harm if managers think more like investors and investors more like businessmen.
There are a lot of books about Warren Buffett, but A Few Lessons for Investors and Managers is different. It tells in a short-easy-to-read way about what managers and investors can learn from Buffett. This is a selection of useful and timeless wisdom where Warren Buffett in his own words tells us how to think about business valuation, what is a good and bad business, acquisitions and their traps, yardsticks, compensation issues, how to reduce risk, corporate governance, the importance of trust and the right culture, learning from mistakes, and more.
Contents
- What Investing in Financial Assets is All About
- Valuation
- The Value of a Business
- Return on Tangible Invested Capital Refects the Cash Flow Generating Characteristics of the Business
- Business Characteristics: The Great, the Good and the Gruesome
- Past Results as a Guide: Sometimes Useful and Sometimes Dangerous
- The Importance of Trustworthy and Talented Management
- The Importance of Clear Yardsticks to Judge Management Performance
- Corporate Governance
- Owners and Management
- Management Compensation: I Get What I Reward For
- Mergers and Acquisitions: Dumb Acquisitions Cost Owners Far More than Most Other Things
- A Few Management Issues
- How to Reduce Risk: Prevention is Better than Cure
- Sometimes Mistakes are Made
- Berkshire Beyond Buffett: The Enduring Value Of Values - By Lawrence A. Cunningham
Larry Cunningham, author and editor of The Essays of Warren Buffett, is coming out with a new book later this year, which will hopefully be read by a few of the media that continually ask the same succession plan questions over and over again. Link to...
- Circle Of Competence...
"The best part of our knowledge is that which teaches us where knowledge leaves off and ignorance begins. Nothing more clearly separates a vulgar from a superior mind, than the confusion in the first between the little that it truly knows, on the one...
- Learning From Sherlock Holmes – By Jana Vembunarayanan
Found via The Big Picture. Recently I read the book A Few Lessons from Sherlock Holmes. If you want to improve your thinking then you should read this book. In this book the author has distilled Arthur Conan Doyle’s Sherlock Holmes into bite-sized principles...
- Warren Buffett Oks Book Of His Gems: 20% Of Sales To Charity
Thanks to Matt for passing this along. Warren Buffett has granted permission to publish “Gems from Warren Buffett - Wit and Wisdom from 34 Years of Letters to Shareholders,” a book based on 34 years of his iconic letters to Berkshire Hathaway shareholders,...
- Tim Ferriss Post On Peter Bevelin's New Book
Link to: Exclusive Warren Buffett – A Few Lessons for Investors and Managers ….. Book: A Few Lessons for Investors and Managers ………………. For those who may be new to this blog, I’ve interviewed Peter twice (HEREand HERE), and those interviews...