Warren buffett biography summary organizers

Book: The Tao of Warren Buffett by D.Clark and M.Buffett

Learn a lot, be candid, don’t listen to Wall Street, take advantage of the short-sighted market and invest during temporary crises with a margin of safety in a concentrated portfolio of businesses in your circle of competence, with great underlying economics, high returns on equity, widening moats, and able and honest management.

This book enumerates the pillars of what made the success of Warren Buffett. Written in 2006, it doesn’t take into account his changes in the last 15 years, slowly getting into industries with higher rates of change like tech with Apple. Besides this detail, everything is still relevant in 2022.

Main ideas:

Life advice

• Success is being loved by people you hope love you, not by being rich.
• The happiest rich people love the business life and don’t care about other’s people wealth.
• Do a job you love so much you would do it for free.
• Work for good businesses from a value investing standpoint. More money, more promotion.
• Be frugal and let compound what you didn’t spend.
• Writing forces you to think and get your thoughts straight.
• Habits seem weak at first but are powerful later. Time is the key.
• Value investing requires the right temperament with the right intellectual framework.
• To persuade, find what the other needs or wants, and give him.
• Money makes you more of what you already are. If you were a jerk, you’ll be a jerk with money. If you were generous, you’ll be even more.

Learning and intellectual honesty

• Learn from your mistakes, and from other’s people mistakes too. But don’t dwell on them, or get stuck in regrets. Look forward.
• Recognize your mistakes and get out of bad businesses.
• To be able to understand your mistakes, you need to do things you fully understand in the first place.
• Be ready to do mistakes to be able to learn.

For a man who turned 93 in August 2023, Warren Buffett still gets around. Drop by the financial section of any bookstore, and you are likely to see his face at least once and his name several more times. Buffett has never written a book of his own, but he has shared his thoughts for decades in interviews and his famous Berkshire Hathaway (BRK.A,BRK.B) shareholder letters. These books draw on that material and other sources to probe the secrets of the legendary investor's success and how the rest of us might hope to learn from them.

1. "The Warren Buffett Way," by Robert G. Hagstrom

If you're mostly looking for investing lessons drawn from the impressive record Buffett has compiled over the years, Hagstrom's book may be all you need. "The Warren Buffett Way," now in a third edition released in 2013, lays out the principles Buffett follows in investing and walks the reader through them with case studies from Buffett's own investment portfolio.

These include well-known rules like buying businesses you understand and ignoring Mr. Market (an imaginary, emotional investor devised by Benjamin Graham, Buffett's mentor), along with many others. It is a great book for investors just starting out, and it continues to be a good read even when you think you know what you're doing.

2. "The Essays of Warren Buffett: Lessons for Corporate America," by Warren Buffett and Lawrence Cunningham

While Buffett has never written a book himself, his decades of shareholder letters add up to the equivalent of

Perfect for biography reports, this foldable brochure is a great way to ensure your students are keeping their research organized and focusing on the most important aspects of the person they're studying. This activity can easily serve as a note-taking template for an essay or presentation. It can also serve as the biography project itself! The brochure is perfect for integrating literacy into other subjects, especially social studies. Students will not only benefit from the experience of learning about these diverse figures, but they'll practice their mapping and timeline skills as well. The organizer allows students to go beyond reading to really interact with the chosen text as they determine which facts are relevant.

Each trifold brochure has space for the following information about each figure:

•Picture

•Lifespan

•Important people in their lives

•Childhood (how and when did they grow up?)

•Education & career

•Challenges they faced

•Major life events (includes timeline component)

•Where are/were they from? (includes mapping component)

•Accomplishments

•Personal characteristics

•What lesson(s) can you learn from them?

•What set them apart from others who lived during their time

•Quote(s)

•Fun fact(s)

•Glossary/Words to Know

•Resources where you can learn more

I recommend printing the brochure using the "Actual Size" setting on your printer for maximum fit. You can also scale to fit if needed.

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Katie Loftin

Dr. Loftin's Learning Emporium

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When you’re done with Part 1, don’t miss Part 2 of this Book Summary.

Click to jump to a section:

“Some books should be tasted, some devoured, but only a few should be chewed and digested thoroughly.” — Francis Bacon (The Essays of Francis Bacon, 1696)

If you've ever wanted to read through all of Warren Buffett's shareholder letters, you really have two choices: read every from cover-to-cover letter separately OR read through the best advice from over the years grouped into clear categories ranging from Investing to Acquisitions to Taxation. Having done both I can guarantee you that reading through the best wisdom arranged by category is much more fun and insightful. You don't just get Warren's thoughts on Investing for instance from one shareholder letter — you get his best ideas from every letter.

All the letters are woven together into a fabric that reads as a complete and coherent narrative of a sound business and investment philosophy.

What Lawrence Cunningham has created with The Essays of Warren Buffett: Lessons for Corporate America is remarkable. I'd argue that reading it in its entirety is just as valuable as getting an MBA. It contains all of the best advice that Warren Buffett has shared over the years — all hard fought and won from real-world experience. This isn't a book about theory, it's a book about wisdom gained from decades of practices.

As Lawrence Cunningham sums up in the introduction, "Experienced readers of Warren Buffett's letters to the shareholders of Berkshire Hathaway have gained an enormously valuable informal education."

Buy the Book: The Essays of Warren Buffett by Lawrence Cunningham

Listen & Watch: Listen now on Apple, Spotify, or Google. Watch on YouTube. Or find a link to your favorite player on Pod.link.

Notes & Transcript: Find my full notes and transcript for this episode at outlieracademy.com/warrens-essays.

For those asking, "Why is it worth studying Warren Buffett's