Buffett: The Making of an American Capitalist

Buffett: The Making of an American Capitalist

by Roger Lowenstein


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Since its hardcover publication in August of 1995, Buffett has appeared on the Wall Street Journal, New York Times, San Francisco Chronicle, Los Angeles Times, Seattle Times, Newsday and Business Week bestseller lists.

Starting from scratch, simply by picking stocks and companies for investment, Warren Buffett amassed one of the epochal fortunes of the twentieth century—an astounding net worth of $10 billion, and counting. His awesome investment record has made him a cult figure popularly known for his seeming contradictions: a billionaire who has a modest lifestyle, a phenomenally successful investor who eschews the revolving-door trading of modern Wall Street, a brilliant dealmaker who cultivates a homespun aura.

Journalist Roger Lowenstein draws on three years of unprecedented access to Buffett’s family, friends, and colleagues to provide the first definitive, inside account of the life and career of this American original. Buffett explains Buffett’s investment strategy—a long-term philosophy grounded in buying stock in companies that are undervalued on the market and hanging on until their worth invariably surfaces—and shows how it is a reflection of his inner self.

Product Details

ISBN-13: 9780812979275
Publisher: Random House Publishing Group
Publication date: 04/29/2008
Edition description: Reprint
Pages: 496
Sales rank: 137,234
Product dimensions: 5.50(w) x 8.25(h) x 1.09(d)

About the Author

Roger Lowenstein, author of the bestselling Buffett: The Making of an American Capitalist, reported for The Wall Street Journal for more than a decade, and wrote the Journal's stock market column, Heard on the Street, from 1989 to 1991 and the Intrinsic Value column from 1995 to 1997. He now writes a column in Smart Money magazine, and has written for the New York Times and The New Republic, among other publications. Lowenstein has three children and lives in Westfield, New Jersey.

Read an Excerpt

Chapter 1

Excerpted from "Buffett"
by .
Copyright © 2008 Roger Lowenstein.
Excerpted by permission of Random House Publishing Group.
All rights reserved. No part of this excerpt may be reproduced or reprinted without permission in writing from the publisher.
Excerpts are provided by Dial-A-Book Inc. solely for the personal use of visitors to this web site.

Table of Contents

Introduction     xi
Omaha     3
Runaway     21
Graham     36
Beginnings     60
Partners     78
Go-Go     96
Berkshire Hathaway     121
Return of the Native     140
Alter Ego     162
Washington Redux     181
Press Lord     203
Partners, Redux     224
The Carpet Woman     246
The Eighties     257
Public and Private     275
Crash     292
A Brief Introduction to Darts     306
Secrets of the Temple     323
Howie Buffett's Corn     334
Rhinophobia     351
The King     368
Salomon's Court     386
Buffett's Trolley     411
Afterword: January 2008     427
Notes     433
Index     469

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Buffett: The Making of an American Capitalist 4.6 out of 5 based on 0 ratings. 7 reviews.
RolfDobelli More than 1 year ago
Bill Gates, Sam Walton and John D. Rockefeller became immensely wealthy by developing innovative businesses. Warren Buffett became rich by picking stocks better than anyone else. Forbes recently listed him as the world's richest man, but he lives in the same Omaha house he bought for $31,500 in 1958. He drives his own car, prepares his own taxes, wears inexpensive suits and does not employ servants beyond an "every other week" housekeeper. Buffett is a simple man with simple tastes. He likes hamburgers, Cherry Cokes and peanuts. Financial journalist Roger Lowenstein does a masterful job of reporting on Buffett's life and explaining his straightforward, common sense investing approach without speculation, fancy charts or complex technical analysis. Buffett focuses on three basics: tolerable risk, a company's value and its stock price. If the price is well below the true value, he's interested. Buffett used this easy-to-understand formula to build his fortune. It must work: When the book went to print, Buffett had a net worth of $64 billion. Using fascinating historical detail and colorful anecdotes, Lowenstein explains how Buffett did it. If you want to know, getAbstract recommends reading this book.
paul-forcey More than 1 year ago
As the stock market has been going nuts lately we have every reason to be interested in someone who has been making money consistently for years. I liked the fact that they did include information on his moves that didn't go so well, so it wasn't just a whitewash. Overall a good book, I went and read the book by jim cramer after this to give myself a balance on the whole "buy and hold" or "trade" options.
sundaraz on LibraryThing More than 1 year ago
It's a great read. Amazing for an author who did not have direct access to the subject. I've read Snowball and realized now, how detailed Snowball is!! Events mentioned in passing here are described in such detail there. But there is more emphasis on Buffett's investment philosophy and how it weaved into his life, and less on his personal life. It could be because of the limited access he had. Only topic which is covered in more detail here is the EMT (Efficient Market Theory) and Buffet's disagreement and distaste with it. If you are not interested in a really detailed account of Buffett's life and don't care much about his personal life, this is the book.
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