I've long been an admirer of Warren Buffet. Years ago I was in a business training seminar and the presenter suggested we choose a business person we admire and copy them. I chose Warren Buffet and learned all I could about him. It's refreshing to revisit those thoughts and feelings I had then as I was taken through the 30 years of the Annual Shareholders Meetings as viewed through the eyes of two very talented and successful investors. The wisdom and wit of both Warren Buffet and Charlie Munger are showcased here and if it were only for that, this book is highly recommended. But for me the highlights of this book is the reaffirmation of Buffet's philosophy for living. Living rich isn't about 'having' - one only needs so much. "After you have enough for daily life, all that matters is your health and those you love. Likewise in work, what really matters is that you enjoy it and the people with which you work." And he likened caring for our bodies to caring for one's car: "... we each receive one body and one mind for a lifetime. You cannot repair them at age 60. You must maintain them. One’s greatest asset is one’s self. Develop your mind and good health habits when you are young, and it will enhance your life. If not, you may have a wreck at age 70." And what about developing oneself? "Buffett suggested it is helpful to list the qualities you would want in a friend and then seek to instill those qualities in yourself. He emphasized that it’s a matter of choice, not DNA. Anyone can develop good character and quality lifetime habits." And finally, I was so impressed by this comment: "Buffett claimed that you are successful if the people you hope love you, do love you. He and Munger agreed that making money is no replacement for friendship and happiness." Similarly, I am impressed by their generosity in sharing what made Berkshire Hathaway the success it is, and how important it is in a nation to cultivate the principle of fairness. The book is full of observations by the authors; lots of resources pointing to an understanding of the investment sector and how to develop an investor's mind. This is one book I'll be referring to many times in the future. And it's one I highly recommend whatever level of investor you are, or if you are 'only' interested in understanding the man behind this amazing company.
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