Lawrence Cunningham est une voix éminente dans l'exploration des affaires, de la finance et des principes durables qui façonnent le succès des entreprises. Ses analyses perspicaces explorent l'application pratique des contrats et les valeurs fondamentales qui animent des entreprises importantes. Le travail de Cunningham se caractérise par un style clair et accessible qui distille des concepts économiques et juridiques complexes en récits captivants. Ses écrits offrent des leçons précieuses tant aux professionnels expérimentés qu'aux nouveaux venus dans le monde des affaires.
A modern classic, The Essays of Warren Buffett: Lessons for Corporate America is the book Buffett autographs most and likes best. New and experienced readers alike will gain an invaluable informal education by perusing this classic arrangement of Mr. Buffett's best writings.
The author's annual letters to the stockholders of Berkshire Hathaway are edited to present the main themes regarding business, investing, price, value, corporate governance, and other important topics
Lessons for Corporate America
The definitive work concerning Warren Buffett and intelligent investment philosophy, this is a collection of Buffett's letters to the shareholders of Berkshire Hathaway written over the past few decades that together furnish an enormously valuable informal education. The letters distill in plain words all the basic principles of sound business practices. They are arranged and introduced by a leading apostle of the "value" school and noted author, Lawrence Cunningham. Here in one place are the priceless pearls of business and investment wisdom, woven into a delightful narrative on the major topics concerning both managers and investors. These timeless lessons are ever-more important in the current environment.
Quality. We all make judgments about it every day. Yet articulating a clear definition of quality in an investing context is challenging. This book addresses the challenge, and distills years of practical investing experience into a definitive account of this under-explored investment philosophy. Finance theory has it that abnormal outcomes do not persist, that exceptional performance will soon enough become average performance. Quality investing involves seeking companies with the right attributes to overcome these forces of mean reversion and, crucially, owning these outstanding companies for the long term. This book pinpoints and explains the characteristics that increase the probability of a company prospering over time - as well as those that hinder such chances. Throughout, a series of fascinating real-life case studies illustrate the traits that signify quality, as well as some that flatter to deceive. The authors' firm, AKO Capital, has a strong track record of finding and investing in quality companies - helping it deliver a compound annual growth rate more than double that of the market since inception. Quality Investing sheds light on the investment philosophy, processes and tough lessons that have contributed to this consistent outperformance.
Berkshire Hathaway, the $300 billion conglomerate that Warren Buffett built, is among the worldÕs largest and most famous corporations. Yet, for all its power and celebrity, few people understand Berkshire, and many assume it cannot survive without Buffett. This book proves that assumption wrong. In a comprehensive portrait of the distinct corporate culture that unites and sustains BerkshireÕs fifty direct subsidiaries, Lawrence A. Cunningham unearths the traits that assure the conglomerateÕs perpetual prosperity. Riveting stories recount each subsidiaryÕs origins, triumphs, and journey to Berkshire and reveal the strategies managers use to generate economic value from intangible values, such as thrift, integrity, entrepreneurship, autonomy, and a sense of permanence. Rich with lessons for those wishing to profit from the Berkshire model, this engaging book is a valuable read for entrepreneurs, business owners, managers, and investors, and it makes an important resource for scholars of corporate stewardship. General readers will enjoy learning how an iconoclastic businessman transformed a struggling shirt company into a corporate fortress destined to be his lasting legacy.
Updated to reflect the substance and implications of the significant changes in the law of business organizations, this fifth edition employs a variety of pedagogical approaches designed to promote a comprehensive understanding of the full body of business associations law and practice. The organization aims to promote optimal teaching flexibility, allowing professors to choose from a balanced mix the cases, problems, and textual readings most suitable for their individual course. The book is designed to be used in a three- or four-semester corporations law or business association course. The first two chapters deal with unincorporated business organizations and the remaining chapters focus on corporations. Most chapters open with a situation involving one or more hypothetical clients, with later situations building on earlier ones. These optional problems can be used to stimulate classroom discussion, to place the cases and other materials in an understandable context, or can be omitt
Lawrence Cunningham has collated Warren Buffett's letters into a single volume, providing readers with the chance to gain an insight into this master of investment. The letters distil all the basic principles of Buffett's business practices.
Focusing on the intricacies of contracts, this book presents a collection of compelling real-life stories that illustrate their complexities in everyday situations. Through these narratives, readers gain insight into the practical implications and challenges of contractual agreements, making the subject accessible and relatable.
In good condition with normal shelf and usage wear.
Die wichtigsten Lektionen für Investoren und Unternehmer. Value-Investing-Klassiker überarbeitet, neu übersetzt. Mit Aktien-Investments reich werden.
Die fünfte, überarbeitete Ausgabe präsentiert die Essays von Warren Buffett in neuer Übersetzung. Zusammengestellt von Lawrence A. Cunningham, bieten die Briefe an seine Aktionäre einen tiefen Einblick in Buffetts Investment-Philosophie und Entscheidungsprozesse. Ein unverzichtbares Werk für Investoren und Bewunderer einer Legende.