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Trailer - #165 Book Breakdown (Part 1 of 2): “The Essays of Warren Buffett: Lessons for Corporate America” by Lawrence Cunningham | Outliers with Daniel Scrivner

Oct 3, 2023

01:54

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Lawrence Cunningham, author of 'The Essays of Warren Buffett: Lessons for Corporate America,' previews the book and discusses the unique structure of grouping Buffett's ideas by topic. This book is an opportunity to study the ideas of one of the most successful entrepreneurs and investors in history.

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Quick takeaways

The book 'The Essays of Warren Buffett' organizes his ideas by topic, providing a holistic view of his thoughts on culture and incentives.

'The Essays of Warren Buffett' is a valuable resource for aspiring entrepreneurs and investors to deeply understand Buffett's philosophy and approach.

Deep dives

Deep Dive into The Essays of Warren Buffett

The podcast episode explores the book 'The Essays of Warren Buffett' by Lawrence Cunningham. Unlike Warren Buffett's annual shareholder letters, the book organizes his ideas by topic rather than chronologically. The book delves into Buffett's thoughts on various subjects, including the importance of culture and the power of incentives. It highlights Buffett's journey from acquiring a failing textile manufacturer to building one of the largest conglomerates in history, Berkshire Hathaway. The episode suggests that studying Buffett's ideas through this book is valuable for aspiring entrepreneurs and investors.

Preview of 'The Essays of Warren Buffett' by Lawrence Cunningham

2min

The Essays of Warren Buffett by Lawrence Cunningham

For over 50 years, Warren Buffett has written an annual letter to Berkshire Hathaway's shareholders. Many people set it as a goal to read all of Warren’s shareholder letters chronologically. Which is certainly a fascinating way to see how Berkshire Hathaway evolved year after year.

This book is different. It breaks from this chronological order to instead group things Warren has said over the years by topic. So, for instance, you can see his ideas on the importance of culture or the power of incentives holistically — as a single body of work.

What I love about this book is the focus on Warren’s ideas. Warren Buffett has built one of the largest conglomerates in history — full I’d incredible companies from See’s Candies to GEICO — from a standing start in 1965. I would argue that if you only have time to study one entrepreneur and investor, that you should study Warren Buffett.

There’s no better way to do that than with this book. I know it’s one I’ll be rereading for the rest of my life.

Notes & Transcript

Find my full notes and transcript for this episode at outlieracademy.com/warrens-essays.

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