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Buffett
Book

Buffett

The Making of an American Capitalist

Random House, 2008
First Edition: 1995 more...


Editorial Rating

9

Qualities

  • Innovative
  • Eye Opening
  • Background

Recommendation

Unlike billionaires who become wealthy by developing innovative businesses, Warren Buffett became rich by picking stocks. Forbes has 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 and wears inexpensive suits. 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. When this 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.

Take-Aways

  • Warren Buffett is the world’s greatest investor, known for being astute at analyzing the financial value of companies.
  • He made his first stock investment at age 11.
  • Buffett’s principal investment rule echoes Benjamin Graham: “Never lose money.”

About the Author

Financial journalist Roger Lowenstein worked many years for The Wall Street Journal. He wrote the newspaper’s “Heard on the Street” column from 1989 to 1991.