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Warren Buffett's Ground Rules
Book

Warren Buffett's Ground Rules

Words of Wisdom from the Partnership Letters of the World's Greatest Investor

Jeremy C. Miller
HarperBusiness, 2016

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Editorial Rating

8

Qualities

  • Analytical
  • Applicable
  • Background

Recommendation

For consistent success in volatile markets, it’s hard to beat Warren Buffett. Authors trying to unlock the Oracle of Omaha’s secrets have written shelves full of books. This compilation proves a welcome addition to the canon. Investment manager Jeremy C. Miller dives into Buffett’s correspondence from the 1960s. He finds that Buffett has followed the same common-sense principles for decades. The letters date back to when Buffett managed relatively small sums, so his strategies are more relevant to individual investors than his more recent moves are. Miller argues that Buffett’s investing strategy includes nothing flashy or complicated – his genius is in making sound investment decisions again and again. getAbstract recommends Miller’s analysis of Buffett’s early letters to investors looking for insight from one of the all-time greats.

Take-Aways

  • Warren Buffett never wrote a textbook on investing, but his letters to his partners in the 1960s provide a roadmap to his thinking.
  • Buffett got his start investing on behalf of his family and friends.
  • He began in 1956 with $105,000; in a few years, his fund grew to more than $7 million.

About the Author

Jeremy C. Miller is an investment analyst for a mutual fund company and a 15-year veteran of the financial industry.

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