The Essays of Warren Buffett

Author: Curated & arranged by Lawrence A. Cunningham from Warren Buffett’s Berkshire Hathaway shareholder letters.

Why it’s on the list: Cunningham organizes decades of Buffett’s shareholder-letter writing into a single thematic course on capital allocation, owner-mindset investing, and corporate governance — the canonical distillation of Buffett’s thinking.

Where I saw it: Saved from an Amazon/Readwise highlight (Kindle ASIN B00BUBALZW), tagged #books-to-read next to Warren Buffett. The line Kyle flagged:

“So smile when you read a headline that says ‘Investors lose as market falls.’ Edit it in your mind to ‘Disinvestors lose as market falls — but investors gain.’ Though writers often forget this truism, there is a buyer for every seller and what hurts one necessarily helps the other. (As they say in golf matches: ‘Every putt makes someone happy.’)”

Connections

• Warren Buffett — the source of every essay; Berkshire’s shareholder letters, arranged thematically.
• Berkshire Hathaway — the letters span Buffett’s Berkshire tenure.