Publisher's Synopsis
Buffett's Early Investments investigates ten investments that legendary investor Warren Buffett made in the 1950s and 1960s - earning him his first millions - and uncovers unique insights in the process.
Using the same documents Buffett used when he made these investments, the author reveals the fascinating inside stories of:
- How Philadelphia and Reading, Buffett's largest investment in 1954, transformed from a declining coal company to a diversified conglomerate whose stock went up twentyfold due to the intervention of Buffett's mentor, Ben Graham.
- How Buffett and Charlie Munger made their first formal investment together in Hochschild-Kohn.
- How corporate governance issues actually presented serious risk to Buffett's 1966 investment in Walt Disney.
Other investments analyzed include American Express, British Columbia Power, Cleveland Worsted Mills, Greif Bros, Marshall-Wells, Studebaker, and Union Street Railway. Not all of these investments worked out-this book shows why.
Buffett's Early Investments helps readers understand how history's greatest ever investor really made his returns in the years where he produced his best numbers.
