Updated: Apr 17, 2020
Video Link: https://youtu.be/tm4jrcVlYH0
In this episode, Warren Buffett was asked on the book “Buffettology” by Mary Buffett. Does the book present fairly, in all material respects, the calculations he use in evaluating a business for purchase?
In this episode, you’ll learn:
Warren Buffett comment on the book "Buffettology."
What should you read to learn Warren Buffett's philosophy.
Which book describe Berkshire's philosophy the best.
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AUDIENCE MEMBER 00:09
My name is Jim Howard (PH). I’m from Syracuse, Indiana.
My question is, does the book “Buffettology” by Mary Buffett present fairly, in all material respects, the calculations you use in evaluating a business for purchase, or did the lady just write a book?
WARREN BUFFETT 00:29
Well, it was written by two authors. But I would say that — no, I would say that in a general way, it gets at the investment philosophy. But I wouldn’t say that — it’s not the book I would’ve written, precisely, but I have no quarrel with it, either.
I actually think by reading Berkshire’s reports, you should be able to get more — I would think you’d get more of our philosophy than in any other manner.
I think Larry Cunningham, the fellow who held the symposium at the Cardozo School at Yeshiva, did the best job, actually, of sort of reconstructing the various things that have been written at Berkshire into sort of the best-organized presentation of our philosophy. So and he —
CHARLIE MUNGER 01:23
And he’s selling it right here. It’s a very practical —
WARREN BUFFETT 01:25
Yeah, he had it at Borsheims — in the mall outside Borsheims yesterday.
And Larry did a very good job. You know, I had nothing to do with it, but I think that — I really think he’s done a first-class job of sort of organizing by topic, I mean, all these things that I’ve sort of written annually and Charlie’s written over time. So that would be — that would probably be my — if I were picking one thing to read, that would probably be the one.
OK, zone 4, please.