The Tao of Warren Buffett Audiobook By Mary Buffett, David Clark cover art

The Tao of Warren Buffett

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The Tao of Warren Buffett

By: Mary Buffett, David Clark
Narrated by: Anna Fields
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About this listen

Following in the tradition of the Tao Te Ching, that ancient Chinese classic text on human nature (as well as more popular interpretations, like the best-selling The Tao of Pooh) comes The Tao of Warren Buffett, a compendium of quotes from America's favorite businessman. Buffett's investment strategies and life philosophies are revealed in this collection of sayings, some of which have never been heard before. Warren Buffett can teach us all a few secrets of success.©2006 Mary Buffett and David Clark (P)2006 Tantor Media Inc. Investing & Trading Personal Finance Inspiring Thought-Provoking
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This audio book was a fascinating look into the ideology of value investing. It changed my outlook on the stock market and helped to make sense of otherwise senseless market swings. If everyone invested like Mr. Buffett, there would be fewer millionaires as there would be fewer losers in the market.

An insight into a value investor

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Age old principles of money never fail. Great reminders, eye openers and warnings for the baby investor. Wise council for the seasoned investor.

Sound advice for every investor

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The book gives good business advice through a daoist lens. However I consider it to go greatly against accordance with the dao to own businesses that: spread propaganda, increase global obesity, kill union workers, and bankrupt the poor.

The dao is more than Wu Wei

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This book provides insight into the philosophy that made Warren Buffett one of the most successful investors of all time. Great book

The philosophy of an investment genius

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Any additional comments?

First off, Buffet doesn't believe in broad portfolio diversification. He chooses single businesses and invests in them big.

When Buffet describes how he chooses his investments, he basically says: choose a lasting business (such as razor blades, soda pop, chewing gum, etc), with a strong competitive advantage, great underlying economics, buy it when it's stock price is less than it's "real value," and invest big in it. This information is presented as if it's dead simple and anyone can get rich following this advice. While I believe it's good advice, personally I feel Buffet owes a lot more of his success to luck than he'd care to admit.

Aside from my skepticism of non-diversification, there are excellent nuggets of wisdom on running a business in this book. Plus I've always been interested in how great people think, and for that this book is worth a listen, but if you're looking for sound (and more in depth) investing advice for normal people, I suggest reading "A Random Walk Down Wall Street."

There are nuggets of wisdom here.

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Overall, I enjoyed the book. However, as an Option Trader, I found very little use of the book. I just enjoy hearing the intelligent wisdom of Warren Buffet. If you are a investor in equities, then this book would serve you well. The only problem I had with the book is, that it tends to repeat many of the sayings.

All in all, I recommend this book.

Nice book of investment wisdom

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it's filled with gens of wisdom you can take with you on life's journey. yep

🔥

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This review is over due by 4 years or so.
My most favorite reader, the late Ms Fields, did justice to this list of the Why's of Warren.
Excellent start to entice you to stop living on credit, only buy what you can pay for at the end of the month, and to stay out of debit.
If you don't think you can ever retire, then this is for you.
This is a simple list of why's, and a good reminder, it's never too late to start to do the right thing to make your life better.
note: it's best on the new 1.25x speed to keep your interest. Yes, like me, you may go back a bit if a single point needs repeating, but you will definitely find out the what of the what's you don't know.
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Number 2 See Number 1

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Worth a credit, BUT....read on! Some super ideas here and an enjoyable & informative listen. I liked the narration. BUT !!!---- I only gave it three stars overall for this reason----the part about buying and holding until the end of time. I will explain my reasoning (although I am certainly not as wealthy as Buffet, I believe my reasoning is quite sound). #1. There is such a thing as good luck (being in the right place at the right time--in fact, I doubt if Buffet himself would dispute the value of good luck, such as buying the RIGHT stock at the RIGHT time)-‐well, that is a tall order in itself! #2. I see no valid reason to wait umpteen years to enjoy the fruits of stock market success while my body clock fades (I wonder if Buffet would be willing to give me a million dollars in exchange for me selling him a year of my life---see the Twilight Zone episode, "The Self Improvement of Salvadore Ross"). Or as Wayne Dyer put it, "You won't need pockets in the suit they bury you in. #3. The book's assertion (actually a groundless ASSUMPTION on his part) that things will be the same many years from now. Things change far too rapidly to bank on that---such as the advent of Bitcoin, which was totally unexpected. And what about the darling stocks of the past, like Xerox and Kodak and Ford?How can this author assume that the banking/economic sector will have ANY resemblance to what it is today?...they couldn't even say with any certainty where the market will close next WEEK, let alone sometime in the nebulous future! #4 From what I gathered, Warren is on the sidelines in bear markets----so while he is watching the drop, I happen to be SELLING. Funny how you don't hear much about shorting opportunities. I am in this game to make money---BEFORE they are measuring me for my coffin. #5. I HIGHLY recommend "The Zurich Axioms" by Max Gunther (Audible has it). Much more practical for us non-zillionaire types.

Enjoyed it.

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