WARREN BUFFETT LESSONS

Well, there's no better person to learn the lessons of investing from than the world's most successful investor which is why I found this week's episode of the PBS program "WealthTrack" to be particularly worthy of sharing. Her guest on the program is law professor Lawrence Cunningham who has become an expert on Buffett having authored several books on the Wall Street guru.  As has been the case for about two months now, there is no weekly summation being published by Barry Ritholtz anymore. Hope everyone had a great weekend.  It certainly has been a beautiful weekend.  

WARREN BUFFETT LESSONS -  A message from Consuelo - July 29, 2021

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Sponsored by: July 29, 2021 Dear WEALTHTRACK Subscriber, 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.  He’s also a driving force behind George Washington University’s “Quality Shareholders Initiative”, intended to research and report on “quality shareholders, as they are dubbed by Warren Buffett - traditional investors that study individual companies, acquire substantial stakes in only a few and hold them for the long-term. Cunningham has authored two dozen books, several on Buffett and his most famous in collaboration with him.  The Essays of Warren Buffett: Lessons for Corporate America, which Cunningham self-published, on Buffett's advice, in 1997. It has become an international best-seller,  translated into a dozen languages. His other books include Berkshire Beyond Buffett: The Enduring Value of Values, and Quality Investing: Owning the Best Companies for the Long Term. 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." Among Cunningham's many philanthropic activities over the years are his current membership with me on the board of the Museum of American Finance, the only independent museum in the U.S. devoted to a history of the finance system that made us the world's economic and innovation powerhouse.  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 show.  As always, if you miss the show on public television, you can watch it on our website.  You can also find the WEALTHTRACK podcast on Stitcher and SoundCloud as well as iTunes and Spotify. Thank you in advance for spending time with us. Have a super weekend, and make the week ahead a healthy, profitable and productive one. Best regards, Consuelo