A Few Lessons for Investors and Managers

A Few Lessons for Investors and Managers

from Warren E. Buffett

By Peter Bevelin

Peter Bevelin begins A Few Lessons for Investors and Managers with Warren Buffett’s wisdom, "I am a better investor because I am a businessman and a better businessman because I am an investor." This book is about how managers and investors can increase their chance of success and reduce the chance of harm if managers think more like investors and investors more like businessmen.

There are a lot of books about Warren Buffett, but A Few Lessons for Investors and Managers is different. It tells in a short-easy-to-read way about what managers and investors can learn from Buffett. This is a selection of useful and timeless wisdom where Warren Buffett in his own words tells us how to think about business valuation, what is a good and bad business, acquisitions and their traps, yardsticks, compensation issues, how to reduce risk, corporate governance, the importance of trust and the right culture, learning from mistakes, and more.

Contents

  1. What Investing in Financial Assets is All About
  2. Valuation
  3. The Value of a Business
  4. Return on Tangible Invested Capital Refects the Cash Flow Generating Characteristics of the Business
  5. Business Characteristics: The Great, the Good and the Gruesome
  6. Past Results as a Guide: Sometimes Useful and Sometimes Dangerous
  7. The Importance of Trustworthy and Talented Management
  8. The Importance of Clear Yardsticks to Judge Management Performance
  9. Corporate Governance
  10. Owners and Management
  11. Management Compensation: I Get What I Reward For
  12. Mergers and Acquisitions: Dumb Acquisitions Cost Owners Far More than Most Other Things
  13. A Few Management Issues
  14. How to Reduce Risk: Prevention is Better than Cure
  15. Sometimes Mistakes are Made

As with Poor Charlie’s Almanack, Seeking Wisdom and The Most Important Thing, net proceeds from sales of A Few Lessons for Investors and Managers will be donated to charitable, non-profit organizations.

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