Available:*
Library | Call Number | Status |
|---|---|---|
Searching... Hardwood Creek Library (Forest Lake) | 921 BUFFETT | Searching... Unknown |
Searching... Park Grove Library (Cottage Grove) | 921 BUFFETT | Searching... Unknown |
Searching... R.H. Stafford Library (Woodbury) | 921 BUFFETT | Searching... Unknown |
Searching... Wildwood Library (Mahtomedi) | 921 BUFFETT | Searching... Unknown |
Bound With These Titles
On Order
Summary
Summary
Warren Buffett built Berkshire Hathaway into something remarkable-- and Fortune journalist Carol Loomis had a front-row seat for it all.
When Carol Loomis first mentioned a little-known Omaha hedge fund manager in a 1966 Fortune article, she didn't dream that Warren Buffett would one day be considered the world's greatest investor--nor that she and Buffett would quickly become close personal friends. As Buffett's fortune and reputation grew over time, Loomis used her unique insight into Buffett's thinking to chronicle his work for Fortune , writing and proposing scores of stories that tracked his many accomplishments--and also his occasional mistakes.
Now Loomis has collected and updated the best Buffett articles Fortune published between 1966 and 2012, including thirteen cover stories and a dozen pieces authored by Buffett himself. Loomis has provided commentary about each major article that supplies context and her own informed point of view. Readers will gain fresh insights into Buffett's investment strategies and his thinking on management, philanthropy, public policy, and even parenting. Some of the highlights include:
The 1966 A. W. Jones story in which Fortune first mentioned Buffett. The first piece Buffett wrote for the magazine, 1977's "How Inf lation Swindles the Equity Investor." Andrew Tobias's 1983 article "Letters from Chairman Buffett," the first review of his Berkshire Hathaway shareholder letters. Buffett's stunningly prescient 2003 piece about derivatives, "Avoiding a Mega-Catastrophe." His unconventional thoughts on inheritance and philanthropy, including his intention to leave his kids "enough money so they would feel they could do anything, but not so much that they could do nothing." Bill Gates's 1996 article describing his early impressions of Buffett as they struck up their close friendship.Scores of Buffett books have been written, but none can claim this work's combination of trust between two friends, the writer's deep understanding of Buffett's world, and a very long-term perspective.
Author Notes
CAROL J. LOOMIS is a senior editor-at-large at Fortune, where she has worked since 1954. She has been the magazine's expert on Warren Buffett since 1966 and has edited his annual letter to shareholders since 1977. Her many honors include five lifetime achievement awards, including a Gerald Loeb Award for business journalism and Time Inc.'s first-ever Henry Luce Award. This is her first book. She lives in Westchester County.
Reviews (2)
Publisher's Weekly Review
This fascinating collection presents a selection of articles about the financial mogul, many by Loomis and twelve12 by Buffett himself, published in Fortune Magazine from the time he first burst on the scene as a young financial genius up until today. As a longtime personal friend, she brings a unique perspective into his mindset, but readers will likely treasure Buffett's own insights most of all, such as his view of inheritance, reported in 1986: "To him the perfect amount to leave children is `enough money so they would feel they could do anything, but not so much that they could do nothing.'" More recently, in 2010, he explained, "My wealth has come from a combination of living in America, some lucky genes, and compound interest. Both my children and I won what I call the ovarian lottery." His common sense and wry humor can be appreciated by everyone, but investors will be especially intrigued by gems like this explanation of Berkshire Hathaway's management philosophy: "We want people to join us because they want to be with us until they die." Loomis has created an engaging picture of a great influencer of our time. Agent: Tracy Brown, Tracy Brown Literary. (Nov.) © Copyright PWxyz, LLC. All rights reserved.
Kirkus Review
A collection of articles on economics and investing from and about one of the wealthiest men in the world. "In 1966 he was the proprietor of an unfamous hedge fund, Buffett Partnership Ltd., and the controlling shareowner and de facto CEO of a small New England textile company, Berkshire Hathaway, with $49 million in annual revenues," writes Fortune senior editor at large Loomis, as she discusses more than 80 articles covering the investing history of Warren Buffett. "By 2011, Berkshire was No. 7 in the Fortune 500, with $144 billion in revenues." Serious investors as well as those interested in the history of Berkshire Hathaway and the philanthropic ideas of Buffett will enjoy these revealing pieces extracted from the Fortune archives. Having written many of the original articles herself, Loomis offers new insights into the various phases and actions of her close personal friend. Chronologically arranged, the commentaries begin in 1966, when Buffett was first mentioned in Fortune (an article in which his name was misspelled) and move through his latest thoughts and actions on philanthropy based on a dinner held for the uber-rich in 2010. The editor also includes an excerpt from the 2012 version of the annual letter to shareholders. Several of the pieces are written by Buffett, providing readers with personal insights from one of the greatest investors in history, and one piece by Bill Gates illuminates how these two men can look at the same idea from totally different angles--not only between themselves, but different from the rest of the world as well. Although a bit dry in places for general readers, Fortune subscribers and those interested in investing will enjoy this multifaceted, well-balanced compilation.]] Copyright Kirkus Reviews, used with permission.
Table of Contents
| Preface | p. xv |
| The Jones Nobody Keeps Up With-April 1966 | p. 1 |
| From "Hard Times Come to the Hedge Funds"-January 1970 An excerpt from an article | p. 7 |
| How Inflation Swindles the Equity Investor-May 1977 | p. 9 |
| A Small College Scores Big in the Investment Game-December 18, 1978 | p. 23 |
| Berkshire's Shareholder Contributions | p. 28 |
| Shareholders Get to Vote on Charity-November 30, 1981 | p. 29 |
| Berkshire Gives Up on Giving-August 11, 2003 | p. 32 |
| Letters from Chairman Buffett-August 22, 1983 | p. 34 |
| From "Can You Beat the Stock Market?"-December 26, 1983 An excerpt and a sidebar from an article | p. 40 |
| Buffett and Capital Cities/ABC | p. 43 |
| Excerpts from articles | p. 43 |
| From "Beating the Market by Buying Back Stock"-April 29, 1985 An excerpt from an article | p. 47 |
| Guess Who's Bought Whoops Bonds-April 29, 1985 | p. 49 |
| From "Now Hear This"-April 28, 1986 | p. 53 |
| From "Should You Leave It All to the Children?"-September 29, 1986 Excerpts from an article | p. 54 |
| Dial B-U-F-F-E-T-T for Merger-December 22, 1986 From Newstrends Section | p. 57 |
| Early Fears about Index Futures-December 7, 1987 A warning letter sent by Warren Buffett to Congressman | p. 58 |
| The Inside Story of Warren Buffett-April 11, 1988 | p. 62 |
| Buffett and Salomon | p. 76 |
| The Wisdom of Salomon?-April 11, 1988 | p. 77 |
| Warren Buffett's Wild Ride at Salomon-October 27, 1997 | p. 78 |
| From "Now Hear This"-January 10, 1994 Buffett's wry comment 2½ years after the Salomon crisis broke | p. 90 |
| Nebraska Special-September 26, 1988 | p. 91 |
| A Warm Tip from Warren Buffett: It's Time to Buy Freddie Macs -December 19, 1988 | p. 92 |
| What Happened at the Bridge Table | p. 95 |
| A Very Full Deck-June 5, 1989 | p. 95 |
| Raising' Cayne-January 15, 1990 | p. 95 |
| From "How to Live with a Billion"-September 11, 1989 Excerpts from an article | p. 97 |
| From "Now Hear This"-October 23, 1989 | p. 98 |
| New Warren Buffetts? And the Old One | p. 99 |
| From "Are These the New Warren Buffetts?"-October 30, 1989 An excerpt from an article | p. 100 |
| And Now a Look at the Old One-October 30, 1989 | p. 101 |
| How I Goofed-April 9, 1990 An excerpt from Buffett's letter to shareholders in the 1989 Berkshire Hathaway annual report | p. 103 |
| From "The Children of the Rich and Famous"-September 10, 1990 Excerpts from an article | p. 107 |
| The Midas Touch at a Discount-November 5, 1990 | p. 109 |
| Buffett Buys Junk-April 22, 1991 | p. 111 |
| From "Now Hear This"-April 5, 1993 | p. 112 |
| Buffett and Coca-Cola | p. 113 |
| Excerpts from articles | p. 113 |
| How Buffett Views Risk-April 4, 1994 An excerpt from Buffett's letter to shareholders in the 1993 Berkshire Hathaway annual report | p. 116 |
| Buffett Hits $200 Million Downdraft-November 17, 1994 | p. 117 |
| Buffett and Gates | p. 119 |
| The Billionaire Buddies-January 16, 1995 | p. 120 |
| Gates on Buffett-February 5, 1996 | p. 121 |
| From "Untangling the Derivatives Mess"-March 20, 1995 An excerpt from an article | p. 126 |
| Two Items from "Now Hear This"-April 3, 1995 and May 29, 1995 | p. 127 |
| From "Why Warren Buffett's Betting Big on American Express"-October 30, 1995 Excerpts and a sidebar from an article | p. 128 |
| Gift That Gives-A Bit O'Buffett-March 18, 1996 | p. 132 |
| The Bill and Warren Show-July 20, 1998 | p. 133 |
| A House Built on Sand-October 26, 1998 | p. 152 |
| Are Jimmy and Warren Buffett Related?-June 21, 1999 | p. 162 |
| Put Bite into Audit Committees-August 2, 1999 | p. 164 |
| Mr. Buffett on the Stock Market-November 22, 1999 A Buffett speech that Carol Loomis converted into an article | p. 166 |
| Warren Buffett: Revivalist-May 19, 2000 | p. 176 |
| Warren Buffett Invests in the First Lady-October 20, 2000 | p. 178 |
| Admired-Again and Again | p. 180 |
| The Value Machine-February 19, 2001 | p. 181 |
| A Letter from Fortune's Letters Column-March 26, 2001 | p. 190 |
| Warren Buffett on the Stock Market-December 10, 2001 A Buffett speech that Carol Loomis converted into an article | p. 191 |
| The Mash Note Everybody Wants-September 16, 2002 | p. 203 |
| The Oracle of Everything-November 11, 2002 | p. 204 |
| A Letter from Fortune's Letters Column-February 17, 2003 | p. 215 |
| Avoiding a "Mega-Catastrophe"-March 17, 2003 An excerpt from Buffett's letter to shareholders in the 2002 Berkshire Hathaway annual report | p. 216 |
| Where We're Putting Our Money Now-March 17, 2003 A second excerpt from Buffett's letter to shareholders in the 2002 annual report | p. 221 |
| The Sage Goes to Asia-May 26, 2003 | p. 222 |
| The Power Issue | p. 224 |
| From "The 25 Most Powerful People in Business"-August 11, 2003 Excerpts from an article | p. 224 |
| The Most Powerful Businessperson: Warren Buffett-August 11, 2003 | p. 225 |
| America's Growing Trade Deficit Is Selling the Nation Out from Under Us. Here's a Way to Fix the Problem-And We Need to Do It Now. -November 10, 2003 | p. 227 |
| Why Foreigners Can't Ditch Their Dollars-November 10, 2003 | p. 235 |
| The Market According to Buffett-May 17, 2004 | p. 236 |
| The Best Advice I Ever Got-March 11, 2005 A Warren Buffett recollection | p. 237 |
| The $91 Billion Conversation-October 31, 2005 | p. 239 |
| Cut Your Gains!-March 20, 2006 An excerpt from Buffett's letter to shareholders in the 2005 Berkshire Hathaway annual report | p. 247 |
| Buffett's Alter Ego-May 29, 2006 | p. 251 |
| Buffett Backs GM-And Buys a Caddy-May 29, 2006 | p. 254 |
| The Philanthropist Emerges | p. 255 |
| Warren Buffett Gives It Away-July 10, 2006 | p. 256 |
| How Buffett's Giveaway Will Work-July 10, 2006 | p. 264 |
| Would You Like That $11 Billion in Twenties?-July 24, 2006 | p. 67 |
| Buffett to Gates: Spend It!-March 19, 2007 | p. 268 |
| Marking to Myth-September 3, 2007 | p. 270 |
| The Oracle's Credit Crisis-March 31, 2008 | p. 271 |
| What Warren Thinks...-April 28, 2008 | p. 272 |
| Buffett's Big Bet-June 23, 2008 | p. 279 |
| From "What Obama Means for Business"-July 2, 2008 An excerpt from an article | p. 285 |
| Buffett's Market Metric Says Buy-February 16, 2009 | p. 286 |
| From "Riders on the Storm"-April 20, 2009 An excerpt from an article | p. 288 |
| Buffett Takes Charge-April 27, 2009 | p. 289 |
| From "Who the Admired Admire"-March 22, 2010 An excerpt from an article | p. 296 |
| Buffett's Mr. Fix-It-August 16, 2010 | p. 297 |
| The Giving Pledge | p. 305 |
| The $600 Billion Challenge-July 5, 2010 | p. 306 |
| My Philanthropic Pledge-July 5, 2010 | p. 314 |
| A New Buffett Takes Beijing-October 17, 2011 | p. 316 |
| A Nation Grapples with Charity-October 17, 2011 | p. 320 |
| Why Stocks Beat Gold and Bonds-February 27, 2012 An excerpt from Buffett's letter to shareholders in the 2011 Berkshire Hathaway annual report | p. 321 |
| Final Note from the Editor | p. 327 |
| Acknowledgments | p. 329 |
| Index | p. 333 |
