Co-authored by Warren Buffett's former daughter-in-law, this first book to reveal what the public "really" wants to know about the billionaire investor investigates his investment decisions in depth and provides a never-before-published list of 50 companies in which Buffett himself has invested and which the authors believe he continues to follow. ...Read MoreCo-authored by Warren Buffett's former daughter-in-law, this first book to reveal what the public "really" wants to know about the billionaire investor investigates his investment decisions in depth and provides a never-before-published list of 50 companies in which Buffett himself has invested and which the authors believe he continues to follow. Worksheets & tables.Read Less
This book tries to explain how Warren Buffett became one of the richest men in the United States. It explains how Mr. Buffett went about picking stocks and companies that he would buy and sell; If you invest in the stock market you are already be familiar with some of the ideas presented in the book but there are many ideas present and most people would benefit from reading it.
Warren Buffett did not help write this book and probably did not want to see it published. Mary Buffett , his former daughter-in-law listened when he talked about the stock market to the family. David Clark is a portfolio analyst in Omaha and has known the Buffett family for over 30 years."
The authors repeat the main points throughout the book to the point where you say to yourself I read that already. I wish I had read this book 10 years ago when it was first published. It has changed the way I invest.
Publishers Weekly, 1997-09-29 For decades, Warren Buffet has been a nearly heroic figure of finance, whose strategy turned an initial $105,000 investment into a $16-billion fortune and whose publicly traded holding company, Berkshire-Hathaway, rose from a $450-per-share price in the 1980s to $36,000 in 1997. Here, Buffet's former daughter-in-law, a CEO of Superior Assembly, with a 30-year friend of the family, who is an Omaha portfolio analyst and lawyer, tells all. Buffet scorns speculative stock-market hype. He buysćat a carefully researched favorable priceća 100% or partial interest in companies having "intrinsic value" and a logical pattern of growth as a virtual consumer monopoly based on need (e.g., GE) or common acceptance (e.g., Coca-Cola) financed tax-free by undistributed earnings. Guidance is given here on researching a company's intrinsic value and management competence, making stock-price downturns into buying opportunities, taking account of inflation taxation considerations, and the tantalizing question of when to sell. Most interesting is the authors' closing rundown of "Warren's" specific holdings and how they grew. (Nov.)
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