The Essays of Warren Buffet: Lessons for Corporate America

1998. Nice Firm Clean copy ! Light general wear. 219 pages. Contents: Corporate Governance: Owner-Related Business Principles. Boards and Managers. Anxieties of Plant Closings. An Owner-Based Approach to Corporate Charity. Principled Approach to Executive Pay. Corporate Finance and Investing: Mr. Market. Arbitrage. Debunking Standard Dogma. Value Investing: a Redundancy. Intelligent Investing. Cigar Butts and the Institutional Imperative. Junk Bonds. Zero-Coupon Bonds. Preferred Stock. Common Stock: the Bane of Trading. Transaction Costs. Attracting the Right Sort of Investor. Dividend Policy. Stock Splits and Trading Activity. Shareholder Strategies. Berkshire's Recapitalization. Mergers and Acquisitions: Bad Motives and High Prices. Sensible Stock Repurchases Versus Greenmail. Leveraged Buyouts. Sound Acquisition Policies. On Selling One's Business. Counting and Taxation: a Satire on Accounting Shenanigans. Look-Through Earnings. Economic Goodwill Versus Accounting Goodwill. Owner Earnings and the Cash Flow Fallacy. Intrinsic Value, Book Value, and Market Price. Segment Data and Consolidation. Deferred Taxes. Retiree Benefits and Stock Options. Distribution of the Corporate Tax Burden. Taxation and Investment Philosophy. Epilogue. Afterword and Acknowledgments. Index of Companies. Index of Names. Concept Glossary. 6587.…