The Essays of Warren Buffett: Lessons for Corporate America, Third Edition

In the third edition of this international best seller, Lawrence Cunningham brings you the latest wisdom from Warren Buffett's annual letters to Berkshire Hathaway shareholders. New material addresses:- the financial crisis and its continuing implications for investors, managers and society;- the housing bubble at the bottom of that crisis;- the debt and derivatives excesses that fueled the crisis and how to deal with them;- controlling risk and protecting reputation in corporate governance;- Berkshire's acquisition and operation of Burlington Northern Santa Fe;- the role of oversight in heavily regulated industries;- weaknesses of popular option valuation models; and- investment possibilities today.Preserves all content that makes this book a classic, including such topics as:- circle of competence- intrinsic value- look-through earnings- margin of safety- Mr. Market- owner earnings