The Essays of Warren Buffet

Introduction

Buffett's Berkshire Investments

Corporate America - The Biggest Problem in Governance

Modern Finance Theory and Portfolio Theory

Modern Finance Theories and Buffett's Performance

The Misuse of the Terms Value Investing and Speculation

Buffett's Comment on the Financial Crisis of 2008

Share Repurchases - A Common Action Corporate America Buffett Points Out

How to Find Value Enhancing Acquisitions

Buffett's Look Through Earnings

Accounting to the Canary by Warren Buffett

Corporate Governance and Attracting Shareholders

A Depressed Stock Market Will Benefit Berkshire

Seven Ways to Improve Our Returns

9 Reasons Why You Shouldn't Buy Berkshire

Reporting at the Annual Meeting

CEOs Predicting Growth Rates for Their Companies

CEOs and CEOs of Investing Companies

The Board's Responsibility to Change Management

Is There a CEO in the Boardroom?

Coke's Co-Purchase Is Not Controlled by Other Institutions

The Board Voted a Significant Increase in Directors Fees

The Importance of Business Change

The Textile Industry Is a Commodity Business

The Business of the Newspaper Industry

Mid-American Is a Major Supplier of Electricity and Natural Gas in the US

Corporate Charitable Contributions by Owners

A Brief History of the Shareholder Dedicated Contribution Program

The Power of the Simple Math

Stock Options Should Be Structured Properly

Getting Fired Can Produce Incentive Compensation

The Unusual Compensation System of H.H. Brown

CEOs and Directors Shouldn't Go Against Risk Control

Audit Committees Can't Audit

Berkshire's Culture Accounts

Investing in Stocks Is a Bad Idea

Mr Market Quotes - The Best Way to Value Your Portfolio

Investors Lose as Market Falls but Investors Gain

Arbitrage in the Real Estate Business

A Review of the RJR Acquisitions

Investing $40 in Coca-Cola Stock

The Real Risk of Investment

Investing in the Stock Market

Buying Controlled Business or Marketable Holdings?

The Importance of Value Investing

X for Half X in Common Stocks

Coke's Past, Present, Future, and Future

How to Invest Successfully in Common Stocks

Cigar Butts in the Institutional Imperative

The Big Hurry - The Biggest Loss

Investing in Insurance During Financial Chaos

The Second Major Category of Investments

Investing in Productive Assets

How to Buy a 10% Interest in Wells Fargo

The Secret of Sound Investment

Investing in Junk Bonds

Zero Coupon Bonds - A Brief History of the Bond Market

A Look at the Stripping of Government Bonds

The Bezel of Investment Banking

Preferential Stock Investments - The Mistakes of a Decision

The US Air Write-Down

US Air's Convertible Preferential Stocks Are Probably Worth $358 Million

The Dow Industrial Has Doubled Since I Committed to Buy the Preferred

Derivatives - A Brief Introduction

Derivatives and Corporate Meltdowns

Derivatives Are Financial Weapons of Mass Destruction

Derivatives Are Dangerous

Do You Know Who You Are Sleeping With?

The US Dollar Is Getting Worse Every Day

The Great Kingdom of the United States Is Doing

Clayton Homes and the Housing Market

Stocks Can't Outperform Business Indefinitely

The God Rocks and the Hyper Helpers

NYSE Listing Will Reduce Transaction Costs for Berkshire Shares

How to Attract Long-Term Investors

Dividend Decisions at the Parent Company Level

Why Should a Company Repurchase Its Shares?

Repurchases Are a Bad Idea for Continuing Shareholders

How to Attract Investors Who Think and Act Like Owners

The Class a Shares of Berkshire Common Stock

The B-Stock Is a Low-Denomination Product Far Superior to Berkshire, Only Trusts

Why Berkshire Should Pay a Dividend?

Dividends - The Sell-Off Approach

A Manager's Guide to Mergers and Acquisitions

Why Should We Buy 10% of T at 2X Per Share?

Shares Issued by Berkshire and Blue Chip

How to Make a Good Deal in a Merger

The Double Whammy Effect of Value-Deluding Stock Use Issues

The CEO's Bias in Acquisitions

Corporate Leveraged Buyouts - How to Make a Profit From Leverage Buyout LBOs

Berkshire - Dealmaking Beats Working

How to Buy a Business

The Buying Decisions of the Investors

Choosing a Home for a Business

ASOP and the Inefficient Bush Theory

How to Calculate Integer Value

Berkshire's Market Value Has Never Been Sluggish

The Compound Growth Rate of Berkshire Hathaway Inc

Using Retained Earnings to Repurchase Stocks

Putting Rent on a Scoreboard

The Importance of Goodwill in Business Analysis

Accounting Goodwill During Inflation

The Goodwill Attributable to GEICO

The FASB Is Correct, and Most Mergers a Purchase Has Been Made

The Charges to Earnings of the New Scott Pfitzer

The Absurdity of Cash Flow Numbers

The Value of Short-Term Put Options - The Black's Full-of-Date Formula

Using GAP to Defraud

The Advantages of a New Steel Plant

A Review of the Corporation's Financial Condition

A Brief History of the FASB

The Accounting Profession and the SEC Should Be Shamed

Stock Options - What Are They?

Achieving a Deal With Mergers and Restructuring

The Helper-Aided Group Must Be Below Average

Is the Deferred Tax Liability Meaningless Accounting Fiction?

The Benefits of Delayed Taxes

The Treasury Will Pay $3.3 Billion Per Tax on Your 2003 Income

How to Maximize Long-Term Capital Growth

Private Equity - The Third Choice for Sellers

The Future of Berkshire Shares

The Good News Is That Berkshire Will Outperform the Average American Company

Berkshire's CEO Will Be Successful

How to Buy a New Subsidiary at Berkshire

Berkshire's Success in the Insurance Industry

A Flat Wallet Is the Enemy of Superior Investment Results

The Future of Philanthropy