Warren Buffett on Business

Richard J. Connors 지음

Wiley 2009년 12월 17일 출간

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The proven business principles of Warren BuffettWarren Buffett is one of the most admired and prolific investors and managers in corporate America. Warren Buffett on Business is a timeless guide to strategies that can help you run a successful business. This book is a one-of-a-kind collection of Buffett's letters to the shareholders of Berkshire Hathaway written over the past few decades, and in a clear, simple style distills the basic principles of sound business practices.Through Buffett's own remarkable words, this practical management handbook shares valuable insights on communicating with, and treating employees and shareholders fairly; responsible corporate governance; ethical behavior; patience and perseverance; admitting mistakes; and having a passion for work.Contains priceless pearls of business and management wisdom, woven into a delightful narrativeDesigned in an accessible manner and organized by business and management topics with strong lessons from BuffettProvides direct, hands-on information on major topics concerning managers, entrepreneurs, business students, and anyone interested in businessInformative and inspiring, this unique book puts Warren Buffett's business beliefs in perspective.

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Acknowledgments ixIntroduction xiChapter 1 Shareholders as Partners 1"Although our form is corporate, our attitude is partnership."Chapter 2 Corporate Culture 5"It takes 20 years to build a reputation and fi ve minutes to ruin it. If you think about that, you'll do things differently."Chapter 3 Corporate Governance 15"At Berkshire, board members travel the same road as shareholders."Chapter 4 Berkshire Managers 29"They love their businesses, they think like owners, and they exude integrity and ability."Chapter 5 Communication 33"As managers, Charlie and I want to give to our owners the financial information and commentary we would wish to receive if our positions were reversed."Chapter 6 Acquisition of Nebraska Furniture Mart 43"We gave Mrs. B a check for $55 million and she gave us her word. That made for an even exchange."Chapter 7 Acquisition of GEICO 51"The security I like best"Chapter 8 Acquisition of General Reinsurance 57"Long ago, Mark Twain said: 'A man who tries to carry a cat home by its tail will learn a lesson that can be learned in no other way.' If Twain were around now, he might try winding up a derivatives business. After a few days, he would opt for cats."Chapter 9 The Assessment and Management of Risk 71"Don't think, however, that we have lost our appetite for risk. We remain prepared to lose $6 billion in a single event, if we have been paid appropriately for assuming that risk."Chapter 10 Executive Compensation 77"At Berkshire . . . I am a one man compensation committee who determines the salaries for the CEOs of around 40 significant operating businesses. How much time does this aspect of my job take? Virtually none. How many CEOs have voluntarily left us for other jobs in

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저자(글) Richard J. Connors

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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.