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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 Buf-fett's fortune and reputation grew over
time, Loomis used her unique insight into Buffett's thinking to
chronicle his work for "Fortune," writ-ing and proposing scores of
stories that tracked his many accomplishments--and also his
occa-sional 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
arti-cle 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 Berk-shire
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
under-standing of Buffett's world, and a very long-term
perspective.
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