The Collected Wisdom of Warren Buffett

Here is a brief excerpt from an article written by Michael Moritz. I have read and reviewed almost all of the books and read dozens of articles about Warren Buffett. He is among the very few business thinkers who have reached, as Oliver Wendell Holmes once characterized it, “simplicity on the other side of complexity.”

To read the complete article, please click here.

Photo: Asa Mathat/Fortune MPW

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There is no greater advertisement for the potent combination of formidable intelligence, commonsense, consistency and self-discipline than Warren Buffett. Tap Dancing to Work: Warren Buffett on Practically Everything, 1966 – 2012, a collection of articles about and by Omaha’s most famous citizen, drawn from an archive of Fortune magazine that spans almost half a century, is a wonderful reminder of those virtues.

Disciples of Buffett who devour the shareholder letters that he sends to owners of Berkshire Hathaway stock, or who have read The Snowballby Alice Schroeder and The Making of an American Capitalist by Roger Lowenstein, will not be startled by anything in this compilation assembled by longtime Fortune writer (and Buffett confidante) Carol Loomis. Instead they will be reminded of the qualities that have made Buffett the most successful investor (as opposed to inventor or entrepreneur) in American history and a man whose pronouncements immediately appear on the front pages and are tweeted hither and yon.

Buffett has achieved the inconceivable as an investor. He is not just respected for his prowess (which might also be said of other investors whose achievements are far less significant) or admired for his approach (which could be said of far fewer) but his genial disposition and ready wit have helped him achieve the impossible: as an investor he is much loved. In all these articles it is hard to uncover a detractor (beyond perhaps a shareholder who disliked his support of the pro-choice movement) let alone a collection of people who harbor deep grudges or feel mistreated by him. Instead tens of thousands of Berkshire Hathaway shareholders make the annual pilgrimage to Omaha for the company’s annual weekend celebration of capitalism, during which Buffett and his partner, Charlie Munger, patiently answer questions for five or six hours with the stamina of thirty year olds rather than the octogenarians they allegedly happen to be.

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Michael Moritz is chairman at Sequoia Capital

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