October 22nd, 2014
Published on March 5th, 2013 | by Randomguru
The Tao of Warren Buffett: Quote No. 36
The Tao of Warren Buffett is an appropriately named title for a book that shares the wisdom of billionaire Warren Buffett, and is organized as numbered quotes followed by anecdotes and stories.
I knew about the book awhile back, but never bought the book until now, when I was perusing through a used book store where one of my nephews works. The store is called BookOff Kearny Mesa, and is a great place to find used DVDs, CDs, magazines, books and other items in great condition and at great used prices.
But back to the book, The Tao of Warren Buffett.
Quote No. 36
“Someone is sitting in the shade today because someone planted a tree a long time ago.”
This particular page acknowledges Benjamin Graham as a mentor to Warren Buffett, the father to “value investing”. And it was at Columbia University that Buffett took a course taught by Graham.
This quote is a beautiful metaphor for value investing, as a tree is compared to an initial investment (the seed or small plant) and watching this investment grow over the years to become an enormous tree that provides shade.
“This is destined to be the business world’s Little Red Book that investors and managers will resort to over and over. David Clark and Mary Buffett have again captured the heart, soul, and ethos of Warren Buffett – giving us practical, lasting strategies we can use to improve our financial performance.” —Amazon.com
About Mary Buffett
Mary Buffett is an author and lecturer on investing and was married to Warren Buffett’s son Peter for twelve years. Her own business acumen can be measured by her success as CEO of Superior Assembly, a very successful commercial and motion picture editing company, clients of which include Madonna and Coca-Cola.