Essays Of Warren Buffett: Lessons For Corporate America – Review

Essays Of Warren Buffett: Lessons For Corporate America – Review by Lawrence Cunningham

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The following is a review by Nick Murray of Lawrence Cunningham's new Essays of Warren Buffett: Lessons for Corporate  America - re-posted here with permission.

To mark the fiftieth anniversary of Berkshire Hathaway under the leadership of Warren Buffett, the redoubtable Lawrence Cunningham—in his own way, Buffett’s ablest biographer—has released a new fourth edition of his classic book The Essays of Warren Buffett: Lessons for Corporate America.

As with the earlier editions, it is something to be treasured by the evolved advisor, not merely in her role as a capital allocator but as a philosopher of the economy and even as a moral leader to clients.

In addition to a perceptive and nuanced understanding of Buffett’s annual letters, the genius of Professor Cunningham has been to edit the material thematically, so that we may find related observations down the years brought together. This is not merely a collection of Buffett’s Greatest Hits, but a systematic and rigorous examination of his important themes.

Nor does Professor Cunningham fail to honor his subject as a prose stylist, though this is by far Buffett’s least appreciated gift. In his own unaffected, colloquial, Midwestern style, Buffett at his best is an essayist on a par with Emerson and even Montaigne, and this quality shines through The Essays as it does nowhere else.

The enduring irony of Warren Buffett’s career as perhaps the greatest capital allocator who ever lived is that he remains at once the world’s most admired and least imitated investor. Professor Cunningham’s is thus a book to be read slowly over time—to be tasted and pondered by the advisor almost as a program of daily reflections. I cannot recommend it too highly.

Essays Of Warren Buffett

The Essays of Warren Buffett: Lessons for Corporate America, Fourth Edition by Warren E. Buffett, Lawrence A. Cunningham




About the Author

Lawrence A. Cunningham
Larry is a professor of law at the George Washington University Law School. He joined the GW Law School faculty in 2007, having previously taught for 6 years at Boston College (where he served a 2-year term as Academic Dean) and for 8 years at Cardozo (where he served a 5-year term as Director of the Heyman Center on Corporate Governance). He also taught courses at many other schools in the US and abroad, including Central European University, Columbia University, Hebrew University, University of Navarra, and Vanderbilt University. Before entering academia, he practiced corporate law for 4 years at Cravath, Swaine & Moore. He earned his BA from University of Delaware and his JD magna cum laude from Cardozo. Larry writes extensively in corporate and securities law, with a special emphasis on law and accounting and investor perspectives. He teaches courses in those fields as well as Contracts. He has published a dozen books and 50 law review articles. His recent books include: Contracts in the Real World: Stories of Popular Contracts and Why They Matter (Cambridge University Press 2012), The AIG Story (Wiley 2013), The Essays of Warren Buffett: Lessons for Corporate America (Carolina Academic Press 2013), and Berkshire Hathaway’s Value of Values (Columbia University Press 2014). Areas of Interest: Accounting, Auditing, Contracts, Corporate Law, Finance, Investing, Legal Education, Securities Regulation