Reference no: EM132189973
Question - The Essays of Warren Buffet by Lawrence A Cunningham
1. What is Berkshire's long-term economic goal? How does it achieve it? Why does buffet think that using S&P500 as measurement has its shortcomings?
2. Who is Mr. Market? What characteristics does he have? How can one take advantage of Mr. Market?
3. What are the four questions one needs to answer to evaluate arbitrage situation.
4. How does Buffet define risk? What is the difference between his definition and traditional academic definitions?
5. How does Buffet think diversification? What are the two situations that he thinks diversification is required?
6. What kind of business does Buffet want?
7. What are the two courses that investment students need? What are the causes of many investors' underperforming the general market during "the past 35 years" according to Buffet? What are the few thoughts Buffet mentioned if you choose to construct your own portfolio?
8. What are the three major categories of investments? Which one does Buffet prefer?
9. What does Buffet think about derivatives?
10. List three things that impressed/ inspired you the most and explain why.