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The Real Warren Buffett
Book

The Real Warren Buffett

Managing Capital, Leading People

Nicholas Brealey Publishing, 2003 更多详情


Editorial Rating

9

Qualities

  • Innovative
  • Applicable

Recommendation

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.

Take-Aways

  • Warren Buffett did not begin as a business genius destined to vast riches.
  • The son of an equities trader, he learned the fundamentals of trading early and cultivated a natural ability to interpret corporate financial information.
  • When Buffett began picking stocks many undervalued equities were going begging.

About the Author

James O’Loughlin, a resident of Wirral, England, is investment manager and head of global equity strategy for the $36 billion (at press time) Cooperative Insurance Society.


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