Monday, June 14, 2010
Buffett: The Making of An American Capitalist
This one wasn't exactly my usual cup of tea-- I usually stay away from biographies in general. I was not, however, disappointed with it in the least.
The book is a VERY complete picture of Warren Buffett's life and his various investments over the years. In fact, the book may have too much detail if you're just a casual reader who was interested in Buffett as a person. There is a good deal about his personal life, but it also deals in great part with the various statistics about his companies, profit margins for Berkshire Hathaway, etc.
I thought it was a really great read, and gave some awesome insight into Buffett that none of us would probably expect. I would recommend it to anyone who was interested in either Buffett or the realms of investment.
By the way, did you know that Buffett's investment company, Berkshire Hathaway, originally made lining for men's suits?
Buffett's personal life is unusual and very interesting - but most people care about him because he has made such a fantastic amount of money by claiming to use a simple, homespun philosophy of investing.....did the book give any insight into how he actually functions in analyzing potential investments?
ReplyDeleteActually, yes. A lot of his early purchases were calculated as to whether or not they were "bargains"-- since stocks generally rise or fall to the value of their assets, he just evaluated the assets, and then picked it if the stock price was low enough. His later investments were actually more aesthetic choices, however.
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