Part 1 of 2
Warren Buffett, the Chairman of Berkshire Hathaway is considered to be one of the greatest investors of all time. He has become an American icon dispensing investment wisdom and commentary over the years through his annual shareholder letters and meetings where he and his long-time business partner Charlie Munger answer questions for hours on end about a wide range of topics.
An industry has developed around Buffett of investment clubs, newsletters, and books mostly focused on his investment decisions.
However, there is another side to Buffett which has been deeply studied and researched by this week’s WEALTHTRACK guest… Buffett as a business manager worth emulating.
We’ll be joined by Lawrence Cunningham, whose official title is a Professor of Law at George Washington University, but over the years he has become an acknowledged authority on corporate governance, corporate culture, and corporate law. He teaches business-related courses that span these fields.
Cunningham has authored two dozen books, several on Buffett and his most famous in collaboration with him. His latest book is Quality Shareholders: How the Best Managers Attract and Keep Them.
He also writes a weekly column for Marketwatch, “Cunningham’s Quality Investing.”
One of the most interesting aspects of Cunningham’s work with and about Buffett is the revelation that there are really two Buffetts, one the great investor that we all know about, and two, his later evolution into a great manager. We’ll focus on what we can learn from Buffett, the manager in this week’s Part 1.
WEALTHTRACK Episode #1805; Originally Broadcast on July 30, 2021
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LAWRENCE CUNNINGHAM
- Professor of Law, George Washington University
- Author, The Essays of Warren Buffett: Lessons for Corporate America
ACTION POINT
READ THE ESSAYS OF WARREN BUFFETT: LESSONS FOR CORPORATE AMERICA
“As the book Buffett autographs most, its popularity and longevity attest to the widespread appetite for this unique compilation of Buffett’s thoughts that is at once comprehensive, non-repetitive, and digestible. New and experienced readers alike will gain an invaluable informal education by perusing this classic arrangement of Warren’s best writings.”Niall Ferguson has again written a brilliant book…in 400 pages you will have restocked your mind.”
– Barnes & Noble overview
BOOKSHELF
ONE INVESTMENT
MINI BERKSHIRE HATHAWAY
Markel Corp (MKL)
WEB EXTRA
BUFFETT BEST SELLER BEGINNINGS
25 years ago corporate governance expert Lawrence Cunningham discovered that legendary investor Warren Buffett was also a great manager. That realization morphed into an ongoing collaboration with Buffett resulting in a perennial bestseller, The Essays of Warren Buffett: Lessons for Corporate America as well as other successful books and projects. Cunningham discusses how it all began.
