Experienced readers of Warren Buffett's letters to the shareholders of Berkshire Hathaway Inc. have gained an enormously valuable informal education. The letters distill in plain words all the basic principles of sound business practices.

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Lawrence A. Cunningham is a Professor at George Washington University, Washington, DC, a leading authority on value investing and advocate for investors. He prepared this collection as the centerpiece of a symposium featuring Buffett's letters, held when Cunningham was Director of The Samuel and Ronnie Heyman Center on Corporate Governance at Cardozo Law School, New York City. His numerous other books include What Is Value Investing? , Outsmarting the Smart Money and How to Think Like Benjamin Graham and Invest Like Warren Buffett .

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