For decades, Warren Buffet has been a nearly heroic figure of finance, whose strategy turned an initial $105,000 investment into a $16-billion fortune and whose publicly traded holding company, Berkshire-Hathaway, rose from a $450-per-share price in the 1980s to $36,000 in 1997. Here, Buffet's former daughter-in-law, a CEO of Superior Assembly, with a 30-year friend of the family, who is an Omaha portfolio analyst and lawyer, tells all. Buffet scorns speculative stock-market hype. He buys--at a carefully researched favorable price--a 100% or partial interest in companies having ""intrinsic value"" and a logical pattern of growth as a virtual consumer monopoly based on need (e.g., GE) or common acceptance (e.g., Coca-Cola) financed tax-free by undistributed earnings. Guidance is given here on researching a company's intrinsic value and management competence, making stock-price downturns into buying opportunities, taking account of inflation taxation considerations, and the tantalizing question of when to sell. Most interesting is the authors' closing rundown of ""Warren's"" specific holdings and how they grew. (Nov.)
Reviewed on: 11/03/1997 Release date: 11/01/1997 Genre: Nonfiction
Paperback - 320 pages - 978-0-684-84821-1
Analog Audio Cassette - 978-0-671-58219-7
Ebook - 320 pages - 978-0-684-86778-6
Analog Audio Cassette - 2 pages - 978-0-671-58185-5
During the Covid-19 crisis, Publishers Weekly is providing free digital access to our magazine, archive, and website. To receive the access to the latest issue delivered to your inbox free each week, enter your email below.