Buffett: The Making of an American Capitalist by Roger Lowenstein
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. The incredible landmark portrait of Warren Buffett's uniquely American life is now available in paperback, revised and updated by the author.
Starting from scratch, simply by picking stocks and companies for investment, Warren Buffett amassed one of the epochal fortunes of the twentieth centuryan 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 strategya long-term philosophy grounded in buying stock in companies that are undervalued on the market and hanging on until their worth invariably surfacesand shows how it is a reflection of his inner self.
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.
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
Buffett: The Making of an American Capitalist 4.7 out of 5based on
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.
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.
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