Author/investment expert Daniel Pecaut, a Harvard graduate, advises and comments on investments in the New York Times, Money Magazine, Grant's Interest Rate Observer, Outstanding Investor Digest, and the Omaha-World Herald. Having worked in investing for 30+ years he is CEO of the successful investment firm, Pecaut & Company. Co-author Corey Wrenn is Vice President, Treasurer, and CCO for Pecaut & Company, having earned his M.B.A. from the University of Nebraska at Omaha. His expertise is also derived from his prior work as internal auditor for Berkshire Hathaway.
As the authors state, ‘Few on Wall Street would dispute the claim that Warren Buffett and Charlie Munger are the greatest investors of our time. Their genius in identifying and evaluating intangibles sets them apart. As a value investor, your ideal situation is to find a company increasing its intrinsic value. Ideally, the company would be one with a declining stock price, thus creating an even better bargain as time unfolds. No one has employed these principles more effectively than Buffett and Munger. Over the last 50 years, they have consistently sought to own either all or part of good businesses, bought at bargain prices. In addition, to succeed using this approach, one must control one’s emotions. Buffett and Munger’s are set apart by their mastery at business valuation and relentless rationality in implementing this approach. The results of this have been awe-inspiring. Under Buffett and Munger’s leadership, Berkshire Hathaway has become one of the greatest business stories of the 20th and 21st centuries.’
The contents of this book are not only fascinating facts freely shared but also very sound advice in the form of annual reports from the minds of Warren Buffett and Charlie Munger – beginning in 1986 through 2015. Strategies, responses to the market as it has altered over the years, key concepts, and annual highlights make for fascinating reading not only about the investment arena but also about American and world politics. Phrases such as ‘Intelligent capital allocation is the essence of sound wealth-building’ and ‘We have long noticed the paradox of craziness that surrounds Warren Buffett: no investor gets more media attention, and yet so little understanding flows out of that attention. We suppose it’s a problem of the short attention span/instant gratification culture bouncing off the wisdom of the ages. In any case, now that the media frenzy over the Berkshire meeting has died down, we check in with our observations on the annual gathering’ dot the book.
This is far more than a solid overview of Berkshire Hathaway lessons from the great investors of our time, it is also a book that makes for learning how the investment and the money markets function in words that are easily comprehended. Highly recommended reading. Grady Harp, December 17
University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders
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Last update: 06-17-2024
Top reviews from the United States
Grady Harp
‘Berkshire Hathaway was originally a New England textile company’.
Reviewed in the United States on December 13, 2017
Dennis G.
A gem on invesing wisdom.
Reviewed in the United States on January 13, 2024Kindle Customer
Great book! ????
Reviewed in the United States on March 17, 2024Hari Nair
A real university
Reviewed in the United States on July 25, 2017