Contents of this article
The Tao of Warren Buffett is a wonderful book that gives readers far more than a simple collection of quotes. It is about Warren Buffett – America’s greatest, wisest and most brilliant investor. His investment strategies are almost unmatched, and they have made not only Buffett but also Berkshire Hathaway’s shareholders extremely rich and famous. The book offers clever, distinctive teachings with a touch of humor that help investors remember in detail the investment strategies and the great life philosophy of this stock market genius.
About the Authors
The Tao of Warren Buffett is the product of a close collaboration between two well-known authors, Mary Buffett and David Clark.
Mary Buffett is the former daughter-in-law of billionaire Warren Buffett. She is an environmental and political activist, an entrepreneur and international speaker, and a founder and board member of The American China Bridge. She has taught finance and business at several California state universities.
David Clark is a longtime friend of Mary Buffett. He is a leading expert on Buffett, a lawyer, a well-known portfolio manager and a respected lecturer at some of the world’s most prestigious universities.
With The Tao of Warren Buffett, Mary Buffett and David Clark have created a source of inspiration and enjoyment, packed with invaluable business wisdom that almost any investor can apply. It promises to be a fascinating book that you won’t be able to put down.
What Is in The Tao of Warren Buffett
The Tao of Warren Buffett records the sayings and valuable advice of the great investor Warren Buffett. Drawing on her 12 years as a member of the Buffett family, Mary Buffett gives readers many fascinating insights into this respected businessman. Her collaboration with Buffett expert and international lecturer David Clark makes The Tao of Warren Buffett all the more valuable, and it has only grown in popularity.
The book contains 125 classic sayings of Warren Buffett, arranged by theme. Beneath each quote, the authors analyze and explain it in detail, along with examples from Buffett’s actual deals. As a result, you can pick up many good, thought-provoking investment ideas and effective methods you can apply straight away to your own portfolio. Of course, you have to reflect on these lessons and draw them out of the book yourself; the authors do not give any specific advice, as they make very clear in their “disclaimer”.
Warren Buffett’s famous sayings are drawn from many sources: private conversations, articles, company reports and live interviews. The quotes in the book reflect Buffett’s practical business strategies, each illustrated in concrete detail with models that make them easy for investors to grasp and apply.
Some famous Warren Buffett quotes from The Tao of Warren Buffett:
“You can’t produce a baby in one month by getting nine women pregnant”…
“Invest in a business that any idiot could run, because someday one will.”
“Some things just take time, no matter how great the talent or the effort.”
“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.
Our Thoughts on The Tao of Warren Buffett
The Tao of Warren Buffett is a collection of concise, inspiring words of wisdom that reveal the secrets of success of America’s greatest and most successful investor. At first glance the sayings seem simple, yet they are highly effective for investors.
Warren Buffett has spent almost his entire life investing in stocks. He worked extremely hard, with a brilliant mind and a keen feel for market movements, which allowed him to enjoy the enormous power of compound interest. The Tao of Warren Buffett will help you learn many valuable things from this multi-talented investor. As Mary Buffett writes at the start of the book: “The more I listened to Warren, the more I learned, not just about investing but about business and life in general…”
The book holds a wealth of lessons, not only about the stock market but also about how to live. If you are new to investing and want to understand the fundamentals, beliefs and core values that took Warren Buffett to the top, The Tao of Warren Buffett is an excellent choice. Join us in reading and reflecting on the investment philosophy, life philosophy and character of this great investor.
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