Warren Buffett’s Ground Rules: Words of Wisdom from the Partnership Letters of the World’s Greatest Investor Audiobook
Warren Buffett’s Ground Rules: Words of Wisdom from the Partnership Letters of the World’s Greatest Investor Audiobook
- Tom Perkins
- HarperAudio
- 2016-04-26
- 10 h 12 min
Summary:
Using the words Warren Buffett wrote to his partners between 1956 and 1970, a veteran financial advisor presents the renowned guru’s “surface tips” for investing-guidelines that remain startlingly relevant today.
In the fourteen years between his amount of time in New York with value-investing expert Benjamin Graham and his start as chairman of Berkshire Hathaway, Warren Buffett maintained Buffett Relationship Limited, his first professional investing partnership. During the period of that time-a period in about Warren Buffett’s Ground Rules: Words of Wisdom through the Partnership Letters of the World’s Greatest Buyer which he experienced an unprecedented record of success-Buffett composed semiannual words to his small but growing group of partners, posting his thoughts, methods, and reflections.
Compiled for the first time and with Buffett’s permission, the words spotlight his contrarian diversification strategy, his almost religious celebration of compounding desire, his preference for conservative instead of conventional decision producing, and his goal and tactics for bettering market results by at least 10% annually. Demonstrating Buffett’s intellectual rigor, they offer a framework towards the art of trading that hadn’t existed before: Buffett built upon the quantitative contributions created by his popular instructor, Benjamin Graham, demonstrating how they could be used and improved.
Jeremy Miller reveals how these words offer us a rare consider Buffett’s mind and offer accessible lessons in control and discipline-effective in bull and bear markets alike, and in all types of trading climates-that are the bedrock of his success. Warren Buffett’s Surface Rules paints a portrait of the sage as a investor during a period when he created the long-term value-oriented strategy that helped him build the foundation of his wealth-rules for success every investor needs today.