Jeremy C. Miller’s widely-anticipated Warren Buffett’s Ground Rules: Words of Wisdom from the Partnership Letters of the World’s Greatest Investor will be released on April 26, 2016. There can be no better praise than page 28 of this year’s Berkshire Hathaway Letter to Shareholders:
Jeremy Miller has written Warren Buffett’s Ground Rules, a book that will debut at the annual meeting. Mr. Miller has done a superb job of researching and dissecting the operation of Buffett Partnership Ltd. and of explaining how Berkshire’s culture has evolved from its BPL origin. If you are fascinated by investment theory and practice, you will enjoy this book.
I recently enjoyed an exclusive behind-the-scenes interview with Jeremy C. Miller. In the highlight below, Jeremy enunciates the unique messages intended for novice investors and more savvy professional investors:
Our hour-long interview explored a range of topics, including:
- “Asking an author to pick favorite sections is like asking a parent to pick favorite children… What chapters are you most proud of and why?”
“The book has a beautiful appendix. Walk us through what’s buried at the end.”
“If the book is read by a next generation, might there be elements which reflect the environment when you wrote the book, or is the book, by design, agnostic to when it was written?”
“How much what you are writing about is a reflection of the era when the Buffett Partnership existed? Back in the 1960s, there were not yet stock screens, there was no Reg FD, and perhaps anyone who tries to use the letters as a 21st century blueprint might be overlooking context. On the other hand, perhaps these principles are truly time-agnostic. How do you think through the context of what was happening and when it happened?”
“What were your expectations or preconceived thoughts about the Buffett Partnership before you wrote the book, and then your reaction as your wisdom evolved?”
“How would you describe Buffett’s evolution?”
“Mr. Buffett blessed your book project, and he went so far as to make a direct mention in the Berkshire annual report. At the same time, Mr. Buffett in no way engaged or had hands-on involvement. How would you characterize or how would you explore the role of personal opinions and interpretation?”
“Could you elaborate on the depth of research you conducted? Tell us more about what happened behind the scenes.”
Update: Jeremy Miller has provided The Manual of Ideas with the opportunity to invite 10 community members to an invitation-only book launch to be held in New York City on April 26 from 5:30 – 7:30 PM EST. For further details, click here.