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    The Oracle Speaks: Warren Buffett In His Own Words

    The Oracle Speaks: Warren Buffett In His Own Words

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    by David Andrews


    eBook

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      ISBN-13: 9781572847118
    • Publisher: Agate
    • Publication date: 11/19/2012
    • Series: In Their Own Words
    • Sold by: Barnes & Noble
    • Format: eBook
    • Pages: 160
    • File size: 197 KB

    David Andrews lives outside of Chicago.

    Table of Contents

    Introduction

    Chapter 1: Investing
    Choosing Investments
    The Mind of an Investor
    Beating the Market
    Long-term Investment
    Sticking With a Stock
    When to Buy
    When Not to Buy
    When to Sell
    The Stock Market
    Splitting Stocks
    Uncertainty
    Bonds
    Commodities
    Gold
    Cash

    Chapter 2: Wall Street and Speculation
    Wall Street
    Speculation
    Bubbles
    Leverage
    Derivatives
    Credit Default Swaps

    Chapter 3: Businesses
    Evaluating Businesses
    See’s Candy
    Coca-Cola
    Hershey’s
    The Daily Racing Form
    The Walt Disney Company
    The Internet
    Textiles
    Corporate Ethics

    Chapter 4: Berkshire Hathaway
    Making Decisions
    Making Mistakes
    Structuring Deals
    Selling Businesses
    Company Directors
    CEO Compensation
    Management

    Chapter 5: U.S. Policies and Politics
    America’s Future
    Economic Forecasts
    Global Trade
    Creating Jobs
    Inflation
    The 2008 Financial Crisis
    Lending after the Financial Crisis
    The U.S. Budget and Trade Deficits
    U.S. Politics
    The Death of Osama Bin Laden
    September 11, 2001
    China
    Barack Obama

    Chapter 6: Wealth and Taxes
    Wealth
    Inheritance
    Good Fortune
    Taxes
    The “Buffett Rule”

    Chapter 7: Life Lessons
    Family
    Patience
    Belief in Oneself
    Working
    Qualities for Success
    Aging
    Philanthropy
    Giving to the Gates Foundation
    A Fair Society
    Milestones
    Berkshire Hathaway Holdings
    References

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    From his office in Omaha, Nebraska, without even the benefit of a computer, Warren Buffett has racked up an investment record that far surpasses his counterparts on Wall Street—or anyone else in the world, for that matter. While traditionally stock exchanges have returned about 11 percent annually in the past half century, Buffett's investments have by nearly 29 percent a year, solidifying Buffett's conglomerate holding company, Berkshire Hathaway, as the eighth-largest business in the world and netting him $44 billion along the way.

    Despite this tremendous success, “the Oracle of Omaha” remains modest. He acknowledges that he has a unique ability to evaluate businesses, but he doesn’t feel entitled to the vast wealth that ability has earned him. Instead, he likes to say that he was born at the right place and time. This humility in the face of proven talent and innumerable wealth is part of what makes Buffett universally popular—he is one of the world's wealthiest men and yet he is still personable and relatable.

    For the first time, the most thought-provoking and inspiring quotes from Buffett are now compiled in a single book. The Oracle Speaks: Warren Buffett in His Own Words is a comprehensive guidebook to the inner workings of the Berkshire Hathaway chairman. Hundreds of Buffett's best quotes, comprising thoughts on investing, Wall Street, business, politics, taxes, and life lessons, will provide the most intimate and direct look into the mind of a modern business icon and give readers enough counsel to last a lifetime.

    Media outlets, financial advisers, politicians, and Americans from Main Street to Wall Street hang on every word Buffett speaks, hoping to gain valuable insight into Buffett's investments and successes. There is possibly no greater stamp of approval in the business world than to have Buffett invest in a company, and few leaders in the course of history have commanded such universally agreed-upon respect. Even beyond his business savvy, Buffett is influential as a progressive thinker and active philanthropist, having pledged to give most of his money to charity through the Bill and Melinda Gates Foundation as well as foundations run by his three children. It is this humility that consistently draws people to Buffett, and will draw people to The Oracle Speaks.

    Most recently, inspired by Buffett's New York Times editorial in which he claimed he paid too little in taxes, President Barack Obama and Congress have named a series of tax reforms after Buffett. While the political implications have been controversial, Buffett has retained his reputation as an outspoken and successful business leader. The Oracle Speaks draws from decades of interviews, editorials, and annual shareholder reports, amassing the most complete outline of how Buffett believes a good business is run and a good life is led. It's advice that Buffett has successfully adhered to throughout his 80-plus years, and it is advice now available in the succinct, poignant, gift-friendly package of The Oracle Speaks.

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    Praise for Agate B2's New York Times Best-Selling Series, IN THEIR OWN WORDS :

    "[ I, Steve ] is the same treatment given such luminaries as Winston Churchill, Abraham Lincoln and Christopher Hitchens and offers Jobs's views on life, death, technology and design, among other topics.” — Timothy R. Smith, The Washington Post

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    "A much better Jobs product is coming soon. It’ll entertain you for hours, and no — it is not a Jobs-branded iPad or anything similarly high-tech. It is, friends, an old-fashioned book!" — Hillary Reinsberg, Mogulite

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    "[ Boy Billionaire ] reveals the intimate thoughts and beliefs of the man who has arguably created one of the world's largest companies…and who is also one of the world's greatest social connectors." - Strategy Driven

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