The Essays of Warren Buffett

This book is a collection of his annual letters to shareholders. (In fact, you can now get all of his letters from 1977+ online!) Warren Buffett epitomizes why value investing works – his deep understanding of the finances of operating businesses allows him to selectively invest when he sees people selling dollar bills for fifty cents, to borrow a phrase. As a businessman myself, I also deeply appreciate the clarity of Buffett’s insights into what a financially outstanding business looks like, from a capital perspective, and his perspective on what makes a great manager and allocator of capital. I’ve read this collection at least three times.