The Essays of Warren Buffett: Lessons for Corporate America

accounting acquisition amortization amount annual arbitrage balance sheet believe Ben Graham benefit Berk Berkshire shares Berkshire stock Berkshire's bonds book value Buffett buyer capital cash flow Charlie Charlie Munger common stock companies company's corporate costs directors Divided by hash dividends dollar economic Goodwill effect equity essays GAAP gains GEICO hash lines holders holdings important income increase industry interest intrinsic business value intrinsic value inventory investment investors issue junk bonds liability long-term look-through earnings major managerial managers market price market value ment merger million modern finance Munger ness owner earnings ownership paid per-share performance portfolio preferred preferred stock produce profits purchase repurchases retained earnings risk Salomon Scott Fetzer securities See's sell sellers shareholders sold stock market stock options tangible assets textile tion trading transaction USAir Wall Street worth zero-coupon zero-coupon bonds