Summary of 101 Reasons to Own the World's Greatest Investment

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101 Reasons to Own the World's Greatest Investment book summary
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Rating

8 Overall

8 Applicability

7 Innovation

8 Style


Recommendation

Investor Robert P. Miles tells you everything you ever wanted to know about Warren Buffett's legendary Berkshire Hathaway. The company's plain-living, financial wizard of a chairman dominates this inventive and informative inside tour. The format - a listing of 101 reasons to own the stock - enables Miles to deliver a massive amount of information. Each entry is straightforward, packed with plenty of supportive data and a lively read. getAbstract.com recommends this book to investors and to anyone who'd like to know more about Buffett and Berkshire Hathaway, the only stock that comes with an owner's manual.

In this summary, you will learn

  • The arguments in favor of investing in Berkshire Hathaway;
  • How business strategy, financial mechanisms and cultural tone produce high returns for Berkshire shareholders, and
  • How the personal influence of Chairman Warren Buffet contributes to the company's long-term success.
 

About the Author

Robert P. Miles is an entrepreneur, small businessman, and lifelong student of investing. He wrote this book in just three-and-a-half months on the Internet, in full view of investors, shareholders the financial industry and various onlookers from around the world. The author then received permission to publish from Warren Buffett, who unbeknownst to the author, had already read the book on the Internet. Soon after, Mr. Buffett ordered copies of the book for the Berkshire Hathaway Board of Directors. Miles is a Berkshire Hathaway shareholder and lives in Tampa, Florida.

 

Summary

Why Own Berkshire Hathaway?
If you had bought 100 shares of Berkshire Hathaway 30 years ago for less than $1,000, your investment would be worth $7 million today. Berkshire operates under the direction of Warren Buffett, perhaps the most successful investor in history. Even if you don'...

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