Warren Buffett's Secrets That Beat the Street

Warren Buffett can probably be viewed as an American folk hero, but not every folk hero builds a fortune massing upwards of $15 billion. Buffett is great at homespun metaphor, but close behind that witty sense of humor is a massive tank of financial know how that is generally considered the best of the best.

Just one example- an essay on CEO stock options Buffett writes "Negotiating with one's self seldom produces a barroom brawl." Basically this is Buffett's way of saying executives that give themselves astoundingly high compensation packages disproportionate to performance and what is brought to the table will end up at the end of the road. Uncounted gems full of useful information in The Essays of Warren Buffett : Lessons for Corporate America are derived from the annual reports Buffett writes for Berkshire Hathaway- Buffett's holding company. Pick one and learn what the best of the best investors know. A now famous line from one of his essays about those he competes with when making stock market investments- "What could be more advantageous in an intellectual contests--whether it be chess, bridge, or stock selection-- than to have opponents who have been taught that thinking is a waste of energy?"

You and every other investor who strives to become just an ounce of what many pro investors have become should see The Essays of Warren Buffett : Lessons for Corporate America as a must read.


Other Resources
Jim Cramer's Mad Money: Watch TV, Get Rich
Confessions of a Street Addict
Why Invest in Stocks