Warren Buffett

While it provides a solid foundation of Buffett’s principles and his personal background for those who may be new to the Berkshire story, the core of the text moves in new and exciting directions. It is, in a very real sense, the culmination of years of studying the man so often described as the world’s best investor. 
Business-driven Investing.  Introducing a new investment paradigm, a powerful alternative to modern portfolio theory. The Evolution of Value Investing. A long-overdue discussion of the persistent confusion about what value investing really is. The Philosophy of Rationalism.  Underlying Buffett’s approach is this belief that reality has an intrinsically logical structure, and it informs his tenets. It sits at the core of what it means to have a money mind, and thus needs to be better understood. The Money Mind.  It’s the essence of success, and these days everyone is talking about it, but what exactly does it look like? It looks a lot like Warren Buffett – the ultimate money mind.

No learning can be achieved by simply tallying Berkshire’s wins and losses. Rather, greater insight is gained when we take the time to understand how Warren’s thinking evolved within a broader market environment that was, and still is, constantly shifting. The bedrock principles remain unchanged (“that’s why they call them principles,” Buffett famously quipped) but now we take a fresh look in the context of Business-driven Investing.

At the same time, we track how the asset management industry morphed into something that is today the antithesis of the Warren Buffett philosophy – another reason that understanding Business-driven Investing is so critical. For more than fifty years, Warren’s example and teachings have impacted his family, friends, partners, shareholders, and colleagues; directors, managers, and employees; small business owners and chief executives of the Fortune 1000 companies; portfolio managers, analysts, writers, teachers, and students; and literally millions of devoted followers around the world.

Today Berkshire Hathaway, the company, is in transition-- a well-recognized reality. Yet its reputation will remain steady, even under new leadership, for Warren’s principles are important, proven, and timeless.