★★★★★ 亞馬遜讀者一致五顆星最高評價
Reading "Buffett’s Bites" has been such a breath of fresh air! (這本書讀來感覺像是一陣清涼的微風吹來~~ )
If you’ve ever felt like a total outsider when it comes to the world of finance, this is the book Buffett’s Bites: The Essential Investor’s Guide to Warren Buffett’s Shareholder Lettersthat will open the door to that exclusive club (如果提到「全球金融」,你自覺不得其門而入,就差臨門一腳,那這本書將是你加入巴菲特投資私人俱樂部的門票。)
What a great book - A+ for sure. (大推,A+ 等級的好書阿。)
A Touchstone of Financial and Life Advice That You Can Trust-- A MUST READ IN 2010, This is the perfect book for all of us that are looking for advice that we can trust in these turbulent financial times. (你可以一輩子信賴的投資建議,今年必讀好書。)
It is wonderfully written--short--with stories within stories. It’s funny. And heart-warming. And you will learn A LOT about money--yours and everyone else’s. (寫得太讚了!故事之中又藏著故事,內容不僅好笑有趣而且感人。)
With rapier swords (and wit!), one financial genius and one extraordinarily bright and engaging author will help you navigate the murky waters of high finance. It’s a joyful sail. (And good reading for a short plane ride.) (文字簡潔精鍊不囉唆,兼具智慧與詼諧。投資大師與優秀作家的結合,讓你在輕鬆滑出全球金融暴雨之際,更覺享受了一趟充滿樂趣的智慧之旅。)
美國知名財經週刊巴倫(Barron’s Magazine)
Barron’s ran an item this weekend about Laura Rittenhouse’s analysis of shareholder letters and referenced BUFFETT’S BITES. The online version of the article included an Amazon link.
By ROBIN GOLDWYN BLUMENTHAL
May 15, 2010
Read the Letter, Do the Math Keeping CEOs Honest
IN THE MIDST OF THE BUSY ANNUAL-MEETING season, when chief executives are out in force, it’s important to watch not just what they do, but what they say.
Perhaps one of the best ways to gauge how well our corporate leaders are "talking the talk" is through the much-maligned and oft-ignored shareholder letter in the annual report. According to investor-relations specialist Laura Rittenhouse, the quality of disclosure in these letters can serve as an important indicator of a company’s financial health -- and even its stock performance.
So much so that Rittenhouse, who has been using 140 data points to rank letters of 100 companies for candor and comprehensive disclosure for the past 12 years, has found significant stock-price outperformance among the top-ranked companies. For example, in this year’s ranking of the letters for 2008 (and released in 2009), the top 10 companies saw an average price drop of just 5.5% from the crisis year of 2008 through 2009, compared with the 27% decline suffered by the bottom-ranked companies.
"This survey is for people who want to sleep at night," says Rittenhouse, author of Buffett’s Bites, which distills principles of investing in well-run, wealth-creating businesses from Warren Buffet’s shareholder letters. "It’s very likely you can trust that the best will keep on performing," Rittenhouse says.
Edison International took the top spot this year, while Humana placed dead last. One disturbing trend: a handful of companies whose letters talked about "solid results" reported losses.
© 2010 Dow Jones & Company