Title of the biography: The Snowball -- Warren Buffett and the the Business of Life.
Considering that Buffett will turn 80 this summer, there is a lot of material and life in this book about the man. Since I am not a news junkie and don't have a great interest in the world of investing, I knew little about the world of Warren Buffett. The book is thorough and covers Warren from his ancestry through the collapse of the financial markets around the world in 2009. That is a lot of material for an "updated and condensed" 700 page book copyright 2009.
Within the book there is a lot of material about Buffett, the world of finance (as well its seamier and greedy players) and government's financial role. Most amazing is that the very wealthy Buffett built his personal wealth over a period of 60 years through essentially owning stocks. Now Buffett's goal is to give that money away -- either by him or all the philanthropic organizations that he has spawned through acquaintances, relatives and friends.
After reading the book, curiosity wondered about the market price of a share of Buffett's company Berkshire Hathaway. Knew it was beyond my means. Checked the internet: $120,000 for a single share as of June 18, 2010.
Wow. Time to check "balance" -- in my checking account. :-)
Sunday, June 20, 2010
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You can always look at the B shares...
ReplyDeleteJil
Warren is a hero to me. I worked for Johns-Manville for 35 years. In my 10th year of employment the company declared Chapter 11 because of asbestos claims.
ReplyDeleteRight, wrong or whatever I was a "prisoner" of the legal system and the company was a millimeter from dissolution when Warren bought us.
He's a "one of a kind" investor that has the gumption to do the right thing and backs his moral principals with his money
!.
Luv ya Warren...