I’ve dabbled briefly in investing. Once I bought four shares of Research in Motion when I got a used Blackberry as a present. Then the phone died, I sold the shares, and I think I made a profit of about 110%. I decided to leave the market with a perfect record and haven’t been back yet.
Warren Buffet’s still doing it, though. The Tao of Warren Buffett is a compilation of the master investor’s and all-around decent guy’s quotes. Then, after each quote, there is a brief commentary or anecdote explaining the context for how Buffett’s quotes apply to various stories from his life.
It’s only when the tide goes out that you learn who’s been swimming naked
Then you get a story from the investing or business world about someone who is exposed as a fraud.
If past history was all there was to the game, the richest people would be librarians
Then you get a story about a time when Warren predicted the future and won big rewards.
I also love it that he is a generous man, he has stayed grounded despite his otherworldly financial success, and he loves junk food.
He’s also funny. There are a lot of statements in this book that make me think he’s probably a fun guy to hang out with.
If you’re a fan of quotes, Mr. Buffett, business, the stock market, or any of that jazz, The Tao of Buffett is a quick, easy read with plenty of applicable advice, in the market and out of it.
Also, if you’re looking for more Taos, I’d suggest The Tao of Wu by the RZA.