Buffett: The Making of an American Capitalist

Buffett: The Making of an American Capitalist

4.7 9
by Roger Lowenstein
     
 

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In September 2007, Forbes named him the second richest person in the world after Bill Gates. Yet Warren Buffett was an elusive figure before Roger Lowenstein brought him and his riveting life story to light. Buffett is more than a book about a billionaire's brilliant strategy for success. It is an American epic about the inspiring and at times eccentric values of a… See more details below

Overview

In September 2007, Forbes named him the second richest person in the world after Bill Gates. Yet Warren Buffett was an elusive figure before Roger Lowenstein brought him and his riveting life story to light. Buffett is more than a book about a billionaire's brilliant strategy for success. It is an American epic about the inspiring and at times eccentric values of a business leader and investing legend. Now with a new Afterword reflecting on, among other things, Buffett's recent commitment to give away his fortune to charity-the largest such donation in American history-Buffett is even more of a revelation and remains an unforgettable reading experience.

Editorial Reviews

Publishers Weekly - Publisher's Weekly
By picking the right stocks and businesses to invest in, plainspoken Nebraskan Warren Buffett became the richest man in the U.S. In this excellent biography, Wall Street Journal reporter Lowenstein details the billionaire stock market wizard's strategy of betting on the long-term growth of a handful of successful companies such as American Express and Berkshire Hathaway. Providing personal glimpses of a very private man, Lowenstein unearths childhood traumas such as the tormenting rages of Buffett's mother and his forced relocation to Washington, D.C., in 1943, where, at 13, he ran away from home (he was found by the police the next day). Buffett's wife, Susan Thompson, a nightclub singer, walked out on him in 1977 and was quickly replaced by his mistress, Latvian-born Astrid Menks. Lowenstein profiles an emotionally guarded, ``strangely stunted'' Midas obsessed with work and secrecy, who seemingly derives little pleasure from his fabulous wealth. Photos not seen by PW. Author tour. (Aug.)
Library Journal
Of all the so-called financial wizards, one stands above them all: Warren Buffet. Starting out in a middle-class Nebraska family, Buffet turned his prodigious talents for investing into a fortune of over $9 billion. Like many with a particular sort of genius, the man contains myriad complexities and contradictions: a traditional moral base that somehow includes both wife and mistress; a serene exterior that masks a fixed fear of death and a history of parental abuse; and a generosity that does not preclude requiring his children to repay all loans with interest. Lowenstein, a reporter for the Wall Street Journal, has made a thoroughly researched attempt at exploring how Buffet's mind works. He gives a largely sympathetic view of a man who says bankers should wear ski masks, a billionaire who has "no art collection or snazzy car...but lives in a commonplace house on a tree-lined block." A worthwhile addition to most public and academic libraries.Katherine Gillen, Luke Air Force Base Lib., Ariz.
Booknews
Traces the career of stockbroker Warren Buffett from its modest beginning in 1956 to the nearly uncountable fortune he holds today. Journalist Lowenstein draws on three years of access to his family, friends, and colleagues to draw a portrait of Buffett as honest, unpretentious, humorous. He finds parallels between his personality and his fundamental investment strategy of buying into a company that is undervalued then waiting for its worth to surface. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Barrons
The singular achievement of Lowenstein's excellent biography. . . is that it burnishes the Buffett myth while deconstructing it with heavy doses of reality.
Business Week
Lively, smoothly written, and elaborately researched, Buffett is likely to stand as the definitive biography.
From the Publisher
"Only in America. The bonus of this fine, fine biography is that it could turn you into an investor, if you're not one already; or a better one, if you are. Lowenstein has done a great job with a great subject."—Andrew Tobias

"Mr. Lowenstein has done a masterly job."—The New York Times Book Review

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Product Details

ISBN-13:
9780517194966
Publisher:
Random House Value Publishing, Incorporated
Publication date:
11/15/1997

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