Warren Buffett's Ground Rules

This book compiles the semiannual letters Warren Buffett wrote to his partners during his management of Buffett Partnership Limited from 1956 to 1970.

These letters provide a rare look into Buffett's mind, highlighting his contrarian diversification strategy, his celebration of compounding interest, his preference for conservative decision-making, and his tactics for achieving market-beating results.

The book demonstrates Buffett's intellectual rigor and his application and improvement of the quantitative contributions made by his teacher, Benjamin Graham.

It offers accessible lessons in control and discipline that are effective in various market conditions and are the foundation of Buffett's success.