The Tao of Warren Buffett: Warren Buffett's Words of Wisdom: Quotations and Interpretations to Help Guide You to Billionaire Wealth and Enlightened Business Management | 
 enlarge | Authors: Mary Buffett, David Clark
Publisher: Scribner
Category: Book
List Price: $22.95
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Avg. Customer Rating:  19 reviews
Sales Rank: 25934
Media: Hardcover
Number Of Items: 1
Pages: 192
Shipping Weight (lbs): 0.5
Dimensions (in): 7.6 x 5.7 x 0.9
ISBN: 1416541322
Dewey Decimal Number: 333.6092
EAN: 9781416541325
ASIN: 1416541322
Publication Date: November 21, 2006
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Product Description
A collection of pithy and inspiring sayings from America's favorite businessman that reveal his secrets of successLike the sayings of the ancient Chinese philospher Lao-tzu, Warren Buffett's worldly wisdom is deceptively simple and enormously powerful in application. In The Tao of Warren Buffett, Mary Buffett -- author of three books on Warren Buffett's investment methods -- joins noted Buffettologist and international lecturer David Clark to bring you Warren Buffett's smartest, funniest, and most memorable sayings with an eye toward revealing the life philosophy and the investment strategies that have made Warren Buffett, and the shareholders of Berkshire Hathaway, so enormously wealthy. Warren Buffett's investment achievements are unparalleled. He owes his success to hard work, integrity, and that most elusive commodity of all, common sense. The quotations in this book exemplify Warren's practical strategies and provide useful illustrations for every investor -- large or small -- and models everyone can follow. The quotes are culled from a variety of sources, including personal conversations, corporate reports, profiles, and interviews. The authors provide short explanations for each quote and use examples from Buffett's own business transactions whenever possible to illustrate his words at work. As Warren says: "You should invest in a business that even a fool can run, because someday a fool will.""With enough inside information and a million dollars, you can go broke in a year." "No matter how great the talent or effort, some things just take time: You can't produce a baby in one month by getting nine women pregnant." "Our method is very simple. We just try to buy businesses with good-to-superb underlying economics run by honest and able people and buy them at sensible prices. That's all I'm trying to do."
The Tao of Warren Buffett inspires, amuses, sharpens the mind, and offers priceless investment savvy that anyone can take to the bank. This irresistibly browsable and entertaining book is destined to become a classic.
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| Customer Reviews: Read 14 more reviews...
 Interesting enough; no earth shattering epiphanies here January 7, 2008
1 out of 2 found this review helpful
My husband & I take a lot of road trips, and listen to audio books to pass the time. This one was interesting enough, although somewhat repetitive. No earth shattering info, but funny at times.
The Tao of Warren Buffett November 14, 2007
1 out of 1 found this review helpful
Warren Buffet is a man of integrity. He is a true teacher about career, family, financial investment and life itself. This is a great book for everyone including accounting students, MBA grads, novice investor, and anyone who wants to save for retirements.
 Wonderful and Insightful November 6, 2007
1 out of 1 found this review helpful
"The Tao of Warren Buffett" is a concise Bible of the world's most successful investor's thoughts on business, investing, and life! Its a wonderful read and I highly recommend it! The Buffett quotes are both enlightening and often very funny, and the commentary to the quotes is aimed at giving the reader greater insight into Buffett's investment methods. I particulary found this comment insightful:
"The key to Warren's success is that he has been able to identify exactly what the economic characteristics of a wonderful business are - a business that has durable competitive advantage that owns a piece of the consumer's mind. When you think of gum you think of Wrigley, when you think of discount store you think of Wall-Mart, and when you think of a cold beer you think of Coors or Budweiser. This elevated position creates their economic power."
It is simply one of the most entertaining and enlightening investment books out there!
 Explaining the self-explanatory November 3, 2007
4 out of 4 found this review helpful
Warren Buffett's sayings are funny, profound, and self-explanatory. This book quotes 125 of those sayings, following each with a brief, humorless "interpretation," which, at best, adds nothing to the original, and in some cases misses the whole point.
For a better sense of how this great investor thinks, read any of the recent annual reports of Berkshire Hathaway.
A Small Book That Delivers A Large Message October 10, 2007
4 out of 4 found this review helpful
This physically small book delivers a very large message from one of our most admired and analyzed business leaders: Warren Buffett. He earned his billions by investing in conservative companies with strong balance sheets, along with passionate managers and subordinates who focused on the long-term. His company, Berkshire Hathaway, is a sterling example that has rewarded its shareholders for decades.
This book is a collection of 125 of Mr. Buffett's quotes on a variety of topics. The authors, Mary Buffett and David Clark, were a former daughter-in-law, and family friend, respectively. They are best-selling authors of what they term "Buffettology," which is the study of the tremendous investment and business acumen of this intriguing man.
Ms. Buffett and Mr. Clark have organized this book into fourteen chapters. For example, Business, Education, The Workplace, and Why Not To Diversify. You will learn from the wisdom and insights of Mr. Buffett, along with the personal examples from his life that the authors provide after each quote.
Here are a few appetizers from the Oracle of Omaha:
"If Calculus or Algebra were required to be a great investor, I'd have to go back to delivering newspapers."
"Never be afraid to ask too much when selling or offer too little when buying."
"You can't make a good deal with a bad person."
"You should invest like a Catholic marries: for life."
"You should invest in a business that even a fool can run, because some day, a fool will."
"In looking for someone to hire, you look for three things: integrity, intelligence, and energy. But the most important is integrity, because if they don't have that the other qualities, intelligence and energy, are going to kill you."
"It's hard to teach a young dog new tricks."
"Managing your career is like investing The degree of difficulty does not count. So you can save yourself money and pain by getting on the right train."
"Never ask a barber if you need a haircut."
"Wall Street makes its money on activity. You make money on inactivity."
"Risk comes from not knowing what you are doing."
"I'd be a bum in the street with a tin cup if the markets were efficient."
"What we learn from history is that people don't learn from history."
"We do not have, nor have had, and never will have an opinion about where the stock market, interest rates, or business activity will be a year from now."
My personal favorite: "It takes 20 years to build a reputation, and 5 minutes to lose it. If you think about that, you will do things differently."
As of 10 October 2007, the Class A shares of Berkshire Hathaway (BRK-A) closed trading on the NYSE at $124,700 per share. The Class B shares, which were introduced in 1996 (BRK-B), closed the day at $4160. Berkshire Hathaway has never split either class of its stock. That point was not addressed in this otherwise excellent compilation.
For a great philanthropist, businessman, and investment expert such as Mr. Buffett, it seems ironic that most of us can't afford to purchase shares in his company. Wouldn't you want to know his thoughts on that topic? That was one quote I had hoped to see. With or without a stock split, this book will be a blue chip addition to your library. Buying it may be one of your better investment decisions.
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