Dallas Public Library

The essays of Warren Buffett, lessons for corporate America, essays by Warren E. Buffet, selected, arranged, and introduced by Lawrence A. Cunningham

Classification
1
Content
1
Mapped to
1
Label
The essays of Warren Buffett, lessons for corporate America, essays by Warren E. Buffet, selected, arranged, and introduced by Lawrence A. Cunningham
Language
eng
Illustrations
illustrations
Index
index present
Literary form
non fiction
Main title
The essays of Warren Buffett
Oclc number
828487013
Responsibility statement
essays by Warren E. Buffet, selected, arranged, and introduced by Lawrence A. Cunningham
Sub title
lessons for corporate America
Summary
The author's annual letters to the stockholders of Berkshire Hathaway are edited to present the main themes regarding business, investing, price, value, corporate governance, and other important topics
Table of contents
Prologue : owner-related business principles -- I. Corporate governance -- Full and fair disclosure -- Boards and mangers -- The anxieties of business change -- Social compacts -- An owner-based approach to corporate charity -- A principled approach to executive pay -- Risk, reputation and oversight -- II. Finance and investing -- Mr. Market -- Arbitrage -- Debunking standard dogma -- "Value" investing : a redundancy -- Intelligent investing -- Cigar butts and the institutional imperative -- Life and debt -- III. Investment alternatives -- Surveying the field -- Junk bonds -- Zero-coupon bonds -- Preferred stock -- Derivatives -- Foreign currencies and equities -- Home ownership : practice and policy -- IV. Common stock -- The bane of trading : transaction costs -- Attracting the right sort of investor -- Dividend policy and share repurchases -- Stock splits and trading activity -- Shareholder strategies -- Berkshire's recapitalization -- V. Mergers and acquisitions -- Bad motives and high prices -- Sensible share repurchases versus greenmail -- Leveraged buyouts -- Sound acquisition policies -- On selling one's business -- The buyer of choice -- VI. Valuation and accounting -- Aesop and inefficient Bush theory -- Intrinsic value, book value, and market price -- Look-through earnings -- Economic versus accounting goodwill -- Owner earnings and the cash flow fallacy -- Option valuation -- VII. Accounting shenanigans -- Satire -- Standard setting -- Stock options -- "Restructuring" changes -- Pension estimates -- Realization events -- VIII. Accounting policy -- Mergers -- Segment data and consolidation -- Deferred taxes -- Retiree benefits -- IX. Tax matters -- Distribution of the corporate tax burden -- Taxation and investment philosophy

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