Book review

Warren Buffett on Business: Principles from the Sage of Omaha is a handbook on timeless strategies to run a successful business in Buffett's own remarkable words. This is not about how Buffett invests or how you can invest like him, but about his business management principles and practices. Compiled by Richard J. Connors, who teaches the courses on Warren Buffett at Washington University in St Louis, this book contains carefully selected Berkshire Hathaway letters written over the decades of Buffett's long career. This accessible organization of business and management topics from Buffett includes Buffett's Berkshire Hathaway stockholder letters, covering topics such as corporate culture, communication, corporate governance, compensation, and acquisitions.

The book demonstrates Buffett's way of communicating with and treating employees and shareholders fairly and honestly, responsible corporate governance, ethical behavior, patience and perseverance, admitting mistakes, and having a passion for work. Some topics Buffett addresses:

Corporate Culture: "It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently."