Summary of The Real Warren Buffett
Managing Capital, Leading People
Do you want to meet Warren Buffet and learn all his investing secrets? This is as close as you can get.
A sentence crafter happily at work, James O’Loughlin imparts clarity with literacy. On the rare occasion that his industrious research does not find just the right quote from Buffett or Munger (chapters average 90 footnotes), he uses their favorite metaphors from sports and life. This is excellent writing that falls short only on prophesy and damnation. Buffett must pass Berkshire on to an heir in the next decade, but exactly who might follow him is given short shrift. How this unknown magician might cope with Munger (too old to be an heir) is avoided carefully. The manuscript was begun before September 11, 2001, created insurance chaos, but O’Loughlin doesn’t elaborate upon it, beyond suggesting that chaos benefits Buffett - whose main float derives from super catastrophic insurance and reinsurance. getAbstract recommends this volume highly - along with getting to know the Real Buffett, you will learn a tidy amount about economics.
In this summary, you will learn
- Warren Buffett’s distinctive way of thinking about management and investment;
- Why he thinks this way, how he built his fortune and why he is a maverick; and
- How he has remained confident and consistent while betting billions.
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