The Essays of Warren Buffett is a collection of Buffett’s more than 700 pages of letters condensed into a book. Berkshire Hathaway’s chairman, president and CEO, Warren Buffett, lays out his business, investment and life philosophies that revolve around a concept that market price and intrinsic value are different.
Buffett argues that good investors should identify good businesses, attempt to buy them at good prices and hold them for a long-term regardless of volatile and at times irrational market movements. Against the common belief that market prices reflect values of businesses, Buffett sees that market sets prices differently from true values.
Readers of this best-selling book will be introduced to the world’s most powerful and top investment manager’s way of thinking that is business-centered as opposed to market-oriented.