For fans of the HBO documentary Becoming Warren Buffett, the complete and personally insightful biography of the man universally known as 'the Oracle of Omaha.'
This is the book that chronicles the life and times of one of the most respected men in the world, Warren Buffett. The legendary Omaha investor has never written a memoir, but now he has granted unprecedented access to a writer, Alice Schroeder, to share directly with him and those closest to him his work, opinions, struggles, triumphs, follies and... to explore wisdom.
In 1970, Warren Buffett started investing in Berkshire Hathaway (BRK), a conglomerate that included textile mills, railroads, and utilities. By the end of 1974, he had accumulated $1 million of stock in BRK. That year, he bought 25 shares worth $25,000 each. He began buying more shares every month until, in 1975, he owned 1,000 shares. He kept buying more shares, eventually owning 5,000 shares. By 1976, he was selling off some of his shares because they were too expensive.
But in 1977, he made another big purchase. He bought 2,000 shares of GEICO Insurance Company, which he believed was a great buy. And he continued to buy GEICO shares. In 1978, he sold off some of his shares again, but in 1979, he bought back 500 shares. Then in 1980, he bought back another 500 shares. In 1981, he bought back 500 more shares. In 1982, he bought back 100 shares. In 1983, he bought back another 100 shares. In 1984, he bought back another 50 shares. In 1985, he bought back another 10 shares.
In 1986, he bought back 20 shares. In 1987, he bought back another 30 shares. In 1988, he bought back 40 shares. In 1989, he bought back 15 shares. In 1990, he bought back another 15 shares.
This book is a massive tome I bought some years ago but didn't get around to reading until lockdown. But glad I did, I was very familiar with Buffet's investment philosophy, but hadn't really thought about how it developed from the cigar butt value strategy of Ben Graham (who was also influenced by Benjamin Graham) to the more eclectic definition that Charlie Munger came up with. Indeed, alongside his father Howard, they emerged as two of the main influences on his life.From an early age, Buffett struggled to impress girls, but not interested in ostentatious wealth. As with his love of bridge, it was more an intellectual exercise.Amongst the many anecdotes, he said he'd never met a trophy wife that looked more like the booby-prize! He was socially awkward from an early age, trying to impress girls. In latter life, he moved into the top social circles, becoming a friend of Kay Graham of the Washingtong Post. But his dress-sense remained appalling!
I struggled through the initial 100+ pages before giving in. I couldn’t convince myself that it was worth continuing about a minor criminal who was (or at best represented himself as being) so shallow he had no goal in life except to make money. Reading this book was not (except for the part I managed to get through).
I can't believe how much reading time I wasted on this book. It was the longest non fiction book I've ever read, and I read it in one sitting. I couldn't stop thinking about what was happening on the pages, and I found myself wanting to know more about the author. The only reason I gave it four stars instead of five is because I'd love to read another book by this author.
Detailed, valuable, and inspirational biography of Warren Buffett. Warren Buffett is an American business magnate, investor, and philanthropist who is widely regarded as one of the greatest investors of all time. He is also known as the "Oracle of Omaha" due to his ability to predict the future performance of companies. In addition to being one of the world's wealthiest people, he is also one of the best-dressed billionaires. He is often referred to as the "Sage of Omaha", and is considered to be one of the greatest investors in history.