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La Universidad de Berkshire Hathaway: 30 años de aprendizajes de Warren Buffett y Charlie Munger

La Universidad de Berkshire Hathaway: 30 años de aprendizajes de Warren Buffett y Charlie Munger

  • Downloads：4015
  • Type：Epub+TxT+PDF+Mobi
  • Create Date：2022-01-21 08:15:56
  • Update Date：2025-09-23
  • Status：finish
  • Author：Daniel Pecaut
  • ISBN：8423433250
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Summary

La Universidad de Berkshire Hathaway es un excepcional compendio de las lecciones， la sabiduría y las estrategias de inversión que， a lo largo de más de treinta años， Warren Buffett y Charlie Munger transmitieron a los accionistas durante sus reuniones anuales a puerta cerrada。

Gracias a él， serás testigo， desde un asiento de primera fila， de cómo se desarrolló， año a año， uno de los mejores historiales de creación de riqueza de la historia。

A diferencia de otras obras sobre teoría de la inversión， aburridas y trasnochadas， este es un libro de inversión tan personal como revelador， que destila la sabiduría atemporal， generosa y muchas veces hilarante de Buffett y Munger。

Te permitirá comprender el razonamiento crítico que llevaba a Buffett y Munger a comprar una determinada empresa， conocer sus métodos para asignar valor， descubrir los principios de la filosofía de inversión en valor de Buffett o su aversión por las «estrategias comúnmente aceptadas»。

Asimismo， en sus páginas encontrarás también el ingenio mordaz de Munger cuando persigue un tema que le ofende， y entenderás por qué a estas reuniones anuales las llamaban «un MBA de un fin de semana»。

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Reviews

J ，

Buffet insightI liked the books format， easy， bite sized pieces of information broken down year by year。 Smart stuff for everyone。

Hussain Murtaza Ali ，

If you're into investing and admire Warren buffet and Charlie Munger then give it a try。 Loved it， learner soo much from it。 If you're into investing and admire Warren buffet and Charlie Munger then give it a try。 Loved it， learner soo much from it。 。。。more

Mission ，

事實上，這本書不是老巴、老蒙寫的，而是一個巴粉追星追了三十年的回憶錄。本書作者記錄了三十年波克夏股東會大會上的所見所聞，與「自身的觀察與心得」。總之，從這本書入門價值投資沒什麼問題，只是要記在心中：這本書不是老巴跟老蒙寫的 讀墨：http://moo。im/a/02cpxA 事實上，這本書不是老巴、老蒙寫的，而是一個巴粉追星追了三十年的回憶錄。本書作者記錄了三十年波克夏股東會大會上的所見所聞，與「自身的觀察與心得」。總之，從這本書入門價值投資沒什麼問題，只是要記在心中：這本書不是老巴跟老蒙寫的 讀墨：http://moo。im/a/02cpxA 。。。more

Jacob Ferraiolo ，

Reading about Buffett and Munger's investing approach and life advice is always interesting， but I think I would have been better off just reading Buffett's annual letters as opposed to a second hand telling that this book provides。 Reading about Buffett and Munger's investing approach and life advice is always interesting， but I think I would have been better off just reading Buffett's annual letters as opposed to a second hand telling that this book provides。 。。。more

John Galipeau ，

Fascinating look at the BH Annual Meeting through the years。

Fen ，

Although there were many great insights to improve your mindset about the market， I think the information is too shallowed and repetitive。 Plus， the format is terrible for representing Buffet and Munger’s knowledge。

Behrouz Afshari Vafa ，

Many good lessons from the proven all times investors

Roger ，

These authors have collected most of the wisdom and operating rules presented in the Berkshire Annual Reports meetings from 1989 to 2017。 Each year's information is presented in a way that helps us learn how Berkshire and the authors use those practices to improve their business。There is a lot of information presented in how Buffet and Munger lead the businesses they own。 It would be hard not to consider the practices Berkshire uses would feel like money will be left on the table。 These authors have collected most of the wisdom and operating rules presented in the Berkshire Annual Reports meetings from 1989 to 2017。 Each year's information is presented in a way that helps us learn how Berkshire and the authors use those practices to improve their business。There is a lot of information presented in how Buffet and Munger lead the businesses they own。 It would be hard not to consider the practices Berkshire uses would feel like money will be left on the table。 。。。more

Sean Nguyen ，

To be honest， this book presents Buffet's ideas in a terrible format。It goes year by year， each year author decides to choose some random point to note down arbitrarily at best。 So if you looking for a distinct set of Buffet's knowledge， you can't there are just too many duplications between years， and the author gives each of the duplication ideas 1 small paragraph， hence none of the ideas have any depth in it。 To be honest， this book presents Buffet's ideas in a terrible format。It goes year by year， each year author decides to choose some random point to note down arbitrarily at best。 So if you looking for a distinct set of Buffet's knowledge， you can't there are just too many duplications between years， and the author gives each of the duplication ideas 1 small paragraph， hence none of the ideas have any depth in it。 。。。more

Gregg ，

There are a few really good tidbits in here but the author also repeats quite a bit。 There is no secret formula to Buffer and Munger， they read all day and invest to the exclusion of all else。 I find it interesting nobody attributes the wild success to that。

Pyry Takala ，

Good overview of Berkshire annual meetings。Highlights for me:Berkshire has been very big on insurance and banksKeep investing and your company simpleZero interests can change the picture in ways that are unexpectedStrong brands like Coke and Heinz can last a centuryBerkshire today is likely not very dependent on BuffettFind companies where you really trust the managementInsurance float can be amazing for financing investments

Stephen End ，

Required readingYikesWish I had read this book sooner。 The insight to the minds of Munger and Buffet as you traverse their 30 plus years of reports helps me rethink my own investment strategy。The big surprise is the sprinkling of humor which rivals ant standup comedians Enjoy and learn

Kristaps ，

For big fans of Buffett。 Otherwise， rather repetitive reading。 Still worth it but repetitive。 Endured through this book at 2X speed over multiple jogging sessions。

Ugh ，

Quite repetitive， and rather shallow， but there are some good pointers。Probably the most interesting thing was how Berksire Hathaway differs from what most investment funds or private portfolios can do due to its ability to purchase whole companies and act as a cross-funding conglomerate， especially using the "float" from its insurance companies。 That is， BH does something you probably can't， and fund managers can't。 Happily given the chief investment concern of today， there's also a little disc Quite repetitive， and rather shallow， but there are some good pointers。Probably the most interesting thing was how Berksire Hathaway differs from what most investment funds or private portfolios can do due to its ability to purchase whole companies and act as a cross-funding conglomerate， especially using the "float" from its insurance companies。 That is， BH does something you probably can't， and fund managers can't。 Happily given the chief investment concern of today， there's also a little discussion about protecting your portfolio from inflation。 Tl;dr is: it's hard， but the best approach is probably to buy companies with low costs and strong ability to raise prices。Also interesting was a note that Buffet flipped from investing in companies with very low capital requirements to ones that are much more capital-intensive， presumably as Berkshire got more and more cash reserves to put to use。 It seemed to be that his thinking was that Berkshire's ability to out-invest damn near everyone else would pay off， but this was one of those areas that was handled rather briefly and would have benefited from more exploration from the authors。 。。。more

Larry ，

If you are a fan of Buffett and Munger， this is as close to being at 30 years of annual shareholder meetings as you can get。

Yugal Jindle ，

Essentially the Notes of the author when witnessing all the Berkshire meetings。Disappointed where even the author will agree me， because Warren goes in deep insights responding to even benign questions。 The author's observation essentially washed away the insights。At best， I got some pointers where I was surprised oh didn't know warren had x about y。 I would much rather listen to the meetings themselves， and take away a lot more。 Essentially the Notes of the author when witnessing all the Berkshire meetings。Disappointed where even the author will agree me， because Warren goes in deep insights responding to even benign questions。 The author's observation essentially washed away the insights。At best， I got some pointers where I was surprised oh didn't know warren had x about y。 I would much rather listen to the meetings themselves， and take away a lot more。 。。。more

Ashish Pisey ，

needed financial analysis details but only ideological / physlophical concepts are introduced

Sabura ，

Definitely thought there would be more substance to this book。

Srujan ，

Well written summary from the meetings of Berkshire Hathaway annual meetings。 Learnt about the perspective and thought process of Warren and Munger around that time。

Federico ，

An incredibile view into Berkshire meetings and Buffet/Munger insights & views for the past 30 years， in a summarized， entertaining and easy to read book。 Highly recommend it。

Owais Ahmed Mohyal ，

Great read。 Suns of annual letters really wellSome repetitive messages

Robert Gebhardt ，

I enjoyed this a lot more than I thought I would。 The authors do a great job of summarizing what Buffett and Munger say， not skipping the pithy and entertaining asides and remarks。 Just a few of my notes:A good investment is a company with a product that costs 10 cents， sells for a dollar， and is habit forming。 People get into much more trouble with a sound premise than an unsound premise。example: If I offered you Alaska beachfront property， you could dismiss this out of hand as nonsense。 If I r I enjoyed this a lot more than I thought I would。 The authors do a great job of summarizing what Buffett and Munger say， not skipping the pithy and entertaining asides and remarks。 Just a few of my notes:A good investment is a company with a product that costs 10 cents， sells for a dollar， and is habit forming。 People get into much more trouble with a sound premise than an unsound premise。example: If I offered you Alaska beachfront property， you could dismiss this out of hand as nonsense。 If I recommended Florida beachfront property， you might have an interest since the premise is sound。 Yet many people have lost their shirts buying Florida land。 "If investors only had to study the past， the richest people would be librarians"Just investing in whatever BH invests in wouldn't work。 One example: BH bought General RE in a stock sale， meaning it lowered its stake in Coca-cola （and other companies） by 18%， with no leveraging and no capital gains tax。 On the other hand， another year BH bought a lot of Coca-Cola stock， and 80% of Coke's sales were in currencies other than the dollar， so this allowed BH to basically short the dollar。 。。。more

Soham ，

great book

Somit ，

This is more like a recording and less of a book which contains 30 years of annual Berkshire meetings which were treated like a paid lecture and less as a report back by the authors。Mentioned below are my favourite insights:1。 We buy barriers to entry。 We don’t build them。2。 We were always dissatisfied with what we already knew， and we wanted to know more。 We kept learning， and that’s what made it work。3。 A lot of people are trying to be brilliant。 We’re just trying to stay rational。 That’s a bi This is more like a recording and less of a book which contains 30 years of annual Berkshire meetings which were treated like a paid lecture and less as a report back by the authors。Mentioned below are my favourite insights:1。 We buy barriers to entry。 We don’t build them。2。 We were always dissatisfied with what we already knew， and we wanted to know more。 We kept learning， and that’s what made it work。3。 A lot of people are trying to be brilliant。 We’re just trying to stay rational。 That’s a big advantage。 Trying to be brilliant is dangerous。4。 To ignore what you know to listen to someone else who doesn’t know， doesn’t make sense。5。 Make it a practice that you got to bed each nigh wiser than the night before。 You may rise slowly， but you are sure to rise。6。 A good school system is like virginity; it can be preserved but not restored。7。 Cash is trash， when inflation is out of control。8。 With low probability events， people underestimate them if they haven’t occurred for a while and overestimate them if they occurred recently。9。 If investors only had to study the past， the richest people would be librarians。10。 It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price。#bookreview #businessideas #business #lifelessons #instareview 。。。more

Amit Khandelia ，

This compilation of 30 years of Berkshire AGM is a Bible for every investor no matter， what geography， stock market one belongs to。 Every investor should read this book again and again as it comes from two of the best stock masters in the world who has proved it for decades。 There have been instances of people making big in stock markets but then those are instances， not like Charlie and Buffett who has been doing it for years。 Further， both these guys are humble enough to share their learnings。 This compilation of 30 years of Berkshire AGM is a Bible for every investor no matter， what geography， stock market one belongs to。 Every investor should read this book again and again as it comes from two of the best stock masters in the world who has proved it for decades。 There have been instances of people making big in stock markets but then those are instances， not like Charlie and Buffett who has been doing it for years。 Further， both these guys are humble enough to share their learnings。 Both of them makes stock investing and wealth creation look so simple。 Add their humor to every conversation that they are having and it makes the reading all the more gripping。The book gives a deep perspective into investing and thinking style of Buffett and Munger。 As you read through the pages， one would see that most of the thoughts are repetitive。 This also means that the investment philosophy of both these guys is deeply embedded in them and has been consistent through these 30 years。Some of the thoughts which they keep on talking again and again - 1。 We are living in danger of nuclear explosion， biological warfare， and its bound to happen。 [Chance of going 60 years with no nuclear events was close to zero - Munger]2。 The biggest moat of Berkshire - The float that it enjoys on insurance premium3。 Intrinsic value of business is the most important thing4。 Greed Vs Fear - Buy when others are fearful and vice versa5。 Talks very highly about values， integrity and ideology6。 Not a proponent of efficient market theory。 Lot many times market is mispriced which is the opportunity to aggressively buy into the markets。 7。 Keep investing in yourself， that's the biggest investment one can make。8。 Do what you enjoy the most。 Work for people you admire。9。 Only two courses which should be taught in B Schools - 1） How to Value a Business， and 2） How to Think About Markets。 That would be it。One advice for all the investors around - Read this book multiple times and every year ！！ 。。。more

Patrick Sherriff ，

Good stuff。 My proper review is here: https://patricksherriff。com/2021/05/0。。。 Good stuff。 My proper review is here: https://patricksherriff。com/2021/05/0。。。 。。。more

Justin ，

I should just stick to index funds。

Matthew Parkins ，

Good advice but repeats often There is a lot of good advice in this book a s it shows a understanding of how Berkshire works。 The reason 3 stars is that there is a lot of repeated sections。

ALEX ，

A great relaxing read to consume。on down timeThis book gives a great overall view of BRK and the evolution of it as a company。 I would recommend。

Girish Kolari ，

Good readThe book is good read with lot of insight， thanks for creating thisnbook。Since I had more of expection on the detailed analysis on stocks buffet had picked why from master with analysis from the writter。

Reference

google book https://www.google.com/search?tbm=bks&q=La Universidad de Berkshire Hathaway: 30 años de aprendizajes de Warren Buffett y Charlie Munger

hathitrust digital library https://babel.hathitrust.org/cgi/ls?q1=La Universidad de Berkshire Hathaway: 30 años de aprendizajes de Warren Buffett y Charlie Munger&field1=ocr&a=srchls&ft=ft&lmt=ft

The British Library https://bll01.primo.exlibrisgroup.com/discovery/search?query=any,contains,La Universidad de Berkshire Hathaway: 30 años de aprendizajes de Warren Buffett y Charlie Munger&tab=LibraryCatalog&search_scope=Not_BL_Suppress&vid=44BL_INST:BLL01&lang=en&offset=0