Friday 56 and Warren Buffett

  • Thursday, January 19, 2012


Buffett was interested in what made one business better than another and wanted to pursue it. But [Benjamin] Graham, who mistrusted corporate managements, discouraged Buffet from visiting companies. And his formulaic approach cost him. - p. 56, Buffett: The Making of an American Capitalist by Roger Lowenstein

Yes, a bit of serious reading for me. I am fascinated by this man!
Here's a quick overview of the book:

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.

Join in over at Freda's Voice!

12 comments

  1. I too am fascinated by Warren Buffet. A few years ago the utility company my husband works for was purchased by a holding company. Turns out the holding company is owned by Warren Buffet's Berkshire Hathaway. I like to tease hubby to be good at work or Warren might get upset.

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  2. Think Billion$





    A founding member of the 1% tips the Treasury laughing all the way to the bank.

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  3. Not one I would normally read but I hope you enjoy it.

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  4. I am intrigued by nonfiction books about inspiring people...thanks for sharing.

    Here's MY FRIDAY MEMES POST and here’s
    MY WEBSITE

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  5. When I think of Buffett, Jimmy Buffett usually comes to mind lol.
    your synopsis also reminds me a little bit of Blomkvist of Girl with the Dragon Tattoo and his expose on the Vangars. A net worth of 10 bil is definitely amazing. enjoy! :)

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  6. Hi: Interesting power choice! I'm hopping through from the book blogger hop. You have a lovely website, happy reading, ruby

    http://yearofreadingmybooks.wordpress.com/

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  7. Squirrelqueen, that's too funny! Sounds like he's not too chummy with the boss :)

    Freda, this is definitely out of my comfort zone but I am trying to challenge myself. And the author makes this pretty easy reading actually!

    Laurel-Rain Snow, I am trying to get some biographies in. I read Night by Elie Wiesel and realized that I was missing out on not reading non-fiction. Then I read another about Julia Child
    (Julia Child: A Life and found that hilarious. Every biography is different and fascinating.

    Aspen, you got me there, I don't know who Jimmy Buffett is! Interesting that you should point out some similarities with Blomkvist - I am still reeling from reading that book!

    Hi Kathy, thanks for visiting. I'll pop by your site :)

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  8. I had never heard of Warren Buffet until I read your post. Sounds interesting! :)

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  9. Sounds like an interesting book.

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  10. Fascinating! I will add this to my reading list. Thanks for sharing. So true that each biography read is so unique!

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  11. Sounds like a great read! I am adding this to my TBR!

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  12. Pamela, Yvonne, Lady D and srivalli - i'm chuggin along - almost halfway done! it's a great read so far, easy reading and Buffett more interesting that i would've ever thought!

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© guiltless readingMaira Gall