101 Reasons to Own the World's Greatest Investment: Warren Buffett's Berkshire Hathaway

I just finished reading the 101 Reasons for owning Berkshire Hathaway book and found it very educational, enlightening, and exciting. Congratulations to Robert P. Miles on this outstanding contribution to our investment education and the clever way he made his points and presentation. I wish I had known its contents and wise counsel 30 years ago!

I've bought a number of investment and personal finance books over the years and had good investments and bad investments. Tried to time purchases and time sales. Booked profits, offset with losses. Paid taxes on mutual funds that lost money. Then I started with one share of BRK (to say I own a piece of Berkshire) and will plan to get many more. Miles shows that BRK is more than just Warren Buffett and stock picking. It's collecting good businesses that will continue to make money during all times and will prosper even when Buffett and Munger pass on. And when that time comes, I'm buying more. It'll be undervalued.

This is a masterpiece! I have read many books on investing and money management, and this one tops my list. Why? Robert Miles breaks down Berkshire into an understandable analysis which anyone can comprehend. If you're one of the people like me who are fed up with getting ripped off by the fee based, high tax brokerage industry then you owe it to yourself and your heirs to read about Berkshire Hathaway. Mr. Miles explains why Berkshire will continue to outperform and also describes some creative strategies to live off your future wealth without incurring a load of capital gains taxes. This book explains Berkshire better than Warren's annual reports! You'll learn about the "hidden" pool of capital at Geico, why the General Re purchase was a home run, the huge advantage of Berkshire's cost free float, why anytime is the right time to buy, and why Berkshire continually smashes the rip off broker who is "managing" your hard earned capital. Knowledge is peace of mind, and after reading this you'll be smarter than your investment manager about the proper way to build wealth. Rest easy as your investment capital goes on autopilot....Even if you don't decide to buy Berkshire, you'll know the tough questions to ask your broker.

Other books on Berkshire focus on how an investor might emulate Warren Buffett's investment performance, are biography -- what made WEB the world's greatest investor -- or compilations of quotes. Only Bob Miles has addressed the intangibles of Berkshire Hathaway -- the many reasons an investor should own the stock in addition to its investment outperformance. Congratulations to Bob on successfully capturing a neglected side of BRK. Every Berkshire-follower should be interested in this book.

Not often does one have the luxury of someone so clearly defining the investment merits of a company and Robert Miles delivers in spades.Security analysis and the study of investment theory should hopefully culminate in one finding and understanding the greatest vehicles for investment success. Robert Miles has made the investment process that much easier with his illumination of Berkshire Hathaway. I have probably read 90% of the material ever written by Warren Buffett or about Warren Buffett and Berkshire Hathaway and this is as comprehensive as it gets. This is not just a book about Berkshire but a personal journey that identifies and understands the key ingredients of a successful investor. Berkshire Hathaway's outstanding long term performance should lay to rest academia's fascination with the efficient market theory. I believe that any stock investment made should be measured against the returns of Berkshire. This will eliminate many investment mistakes, heartaches and be very rewarding financially.Robert refers to Warren's annual shareholders letters as the only investment book and advice that you will need. They represent the summit of investment thought from the greatest investor who has ever lived. Geico, Washington Post represent Warren's "ideal" of compounding tax free as long as possible. Shareholder's evidently take Warren's long term buy and hold strategy of stock investing to heart as share turnover in the company is a minuscule 3% a year. Ten thousand dollars invested in Berkshire seventeen years ago would be worth over one million dollars now. Robert Miles openly shares his failures and triumphs of his 30 year journey of stock investing with the decisive point his investment in Berkshire Hathaway. Ultimately, investing is a reflection of one's character developed over the years and Robert understands the traits of a successful investor and vividly portrays them in this book. Thanks for the great book Bob.