Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2012

Carol Loomis, Author
Collected and Expanded by Carol J. Loomis. Penguin/Portfolio, $27.95 (345p) ISBN 978-1-59184-573-7
Reviewed on: 12/10/2012
Release date: 11/01/2012
Paperback - 348 pages - 978-1-59184-680-2
Hardcover - 348 pages - 978-0-670-92238-3
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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.)
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