Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. Easily share. epub, docx and torrent then this site is not for you. Thu,. 08 Nov GMT Buffett: The Making of an American Capitalist -. Ebook pdf. Buffett: The Making of an American Capitalist by Roger Lowenstein [PDF EBOOK EPUB MOBI Kindle] Buffett: The Making of an American Capitalist by Roger.
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Buffett: The Making of an American Capitalist [ebook] by Roger Lowenstein (epub /mobi). ebook4expert. June 21 Biographies - Memoirs · Business -. File Name: Buffett: The Making Of An American Capitalist Total Downloads: Formats: djvu | pdf | epub | mp3 | kindle. Rated: /10 (00 votes). This content was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is.
Length: 6 hrs and 19 mins Unabridged 4. How could what you spend money on inside a business not be of utmost importance? I looked for a business person's guide to effective capital allocation for years. I thought, "What a nice gift to send to the CEOs of my portfolio companies! To my dismay, the search came up dry. I decided I'd have to write my own. By: Benjamin Graham Length: 17 hrs and 48 mins Unabridged 4.
This is Preston Pysh. And this is really one of two major biographies that I would recommend. But really, the two main ones that are out there are this book here and this one is written by Roger Lowenstein. I love that book. I would say I might be biased because I just read this one but I think I like this one maybe a little bit more.
Which one did you enjoy more of the two? But yeah. I might be slightly biased as well because I just read this one. Preston:  Yeah. So both of them are pretty good and both of them cover a lot of the same areas to be quite honest with you.
I think that there was a lot of rehashing of kind of the same stories. Really interesting read.
Really fun read. And so when you look at Warren Buffett from a very very young age I want to say he was like 12 or 13 or something like that whenever he started doing his paper route. I was really impressed because I delivered papers too when I was that age.
Well, this is where I am today. I could even imagine what a stack of , newspapers would look like. But they talk about it at such a young age for a kid to be that motivated to get up to deliver that quantity of newspapers. And it said in the book I want to say he was getting up at something crazy in order to deliver all these newspapers so he was highly motivated. He did it for quite a few years where he was getting up every single morning.
He was doing it with vigor and absolutely like there was nothing more important to him than his paper route. And so this was the part that I felt was really the key nugget from this story that they were talking about him as a young kid delivering these newspapers. Preston:  And it was that he was like almost obsessed with the money that he was receiving from this paper route when he would receive the cash.
Sat in this drawer and in this jar. But more importantly what he would do is he had an accounting that he was doing on this money where he was keeping track of all of it and he was in effect doing his own financial statements as a young kid in order to annotate the money that was received on certain days and basically tracking it and he was a numbers whiz talks a lot about that where he was just memorizing dates and times and long numbers and then he could just spout these numbers off.
He was almost like he was obsessed with just spouting off numbers. One of my own personal experiences with this.
You know you might be right. Stig:  So that shows you how good our memory is and with numbers. And I was sitting there like holy. I was just I was kind of floored and I stick and I were sitting next to each other we just looked at it like oh my gosh that is crazy.
B if they did look at the financial statements it would look like it came from an alien planet. So he bought his first stock when he was only I think he was 14 when you bought a farm which he rented out to someone like he was all over the place. He was also collecting golf balls and when he saw that it just took too much time.
He was hiring his friends to pick up golf balls and he was facilitating all of that. He likes to ride these you know like the little amusement park rides that you put the quarters into. Stig:  I said this is the best business that you could possibly have and he says Well not necessarily. He has basically told me all the problems and he said you know we had some machines at this other mall which was further away and there was kids there that were always damaging the machine so he said we got to the point where we had to pull them out.
And so then it made me think about this book on Buffett because this just shows you how smart Buffett is. He takes his pinball machines and he drops them into these barbershops and then he gets the barber shop to have some skin in the game. The barber obviously wanted to get working so he would call Buffett. It was just you know as a business prodigy as a kid but this is the funny part of the story with the whole reason of me telling this so a lot of the times Buffett he was so young and I guess whenever he was a young kid he looked even younger than being 18 or whatever he was that he he had this baby face.
And Buffett said well you know I will have to take that up with management. You remember how many he had around town. It was a lot that was quite a few and that thing was like the mob or something like that. It was a hilarious story. Stig:  I think the thing that impressed me the most was the thermal analysis of the market research that Warren Buffett put into all of his adventures. And I think there was a different story you can tell. One of them is when he was a 5 and he figured out that he would like to drink soda he was going with a friend to his or to the local machine to collect soda caps.
So he was counting the amount of soda caps and the brand. So at the age of five he figured out that most people liked coke.
So that was actually his basis for going out downloading a six Cokes for a quarter then selling each of them for a nickel each. And I think the interesting story to tell is that obviously this is a very silly example but he keeps doing the same through world market research. So whenever For instance he started his own partnership and basically this story is known as the American Express all sell its scandal. So this also tells you about the type of Bakassi source that he kept conducting.
So the story is this. Back in American Express owned a subsidiary that was committing a ton of fraud.
So they should be owning a lot of the oil but basically they owned a lot of contaminated water. Stig:  It was just a completely fraud from a to see here.
And back then the stock price was just cut in half. I mean all the investors were running for the hills back then. And Warren Buffett as a shrewd value investor and as someone that conducts love and research.
So you go in and he was pouring in 40 percent of the partnerships money in that single stock today.
Like Warren Buffett says keep company in American Express his cost price of his stocks he owns now close to 50 percent of the company is 1. He is like one of the ultimate misers of of all time. I think that really sets him apart from other investors. Rose plum can perhaps better known as Mrs.
She came to the States like what is now priced a hundred and twenty years ago or something like a long time ago. Perhaps even longer and she had five hundred dollars to her name. And so with that five hundred dollars she started a shop selling furniture. And she was under a lot of pressure and that back then that she was struggling a lot but she always made sure to satisfy the needs of the customer.
So just to give you in the context of this she worked 70 hours a week 52 weeks a year. She actually sold her store Nebraska Furniture Mata want to say yes. We actually went to visit that place when they were at the show House meeting and she sold that to a buffet when she was 89 and she kept working in the business after that.
Then at the age 95 she had a falling out with a family. So you might be thinking well she is She made plenty of money issue probably just lacks though. She started out a new furniture mart just across the street and Warren Buffett had to download her out of that store to download five million dollars. A few years later and then she returned to the Brusca French him up and worked every day again 70 hours a week until age That is an amazing story.
Preston:  So the best part about this is when she opened up the competitors store on the other side of the street her kids were still working at the brassica furniture mart for Buffett.
How is that possible. It does not fit in little Omaha let me tell you. You would think that there would be no mediocre size furniture store there in Omaha. This thing is massive absolutely massive. It was really neat to see in person. Google it or read it in this book.
Buffett the making of American caballus read it in there. Also there is a good piece of it in the snowball if you guys want to pick that up and read it in there. Preston:  It is an awesome awesome story and another great story is the story of Ben Rossner at this cocktail party.
How much do you pay for that. And then one thing really surprised Ben Rosner apparently hit pay too much for his target paper. And in Boston he got really really mad because he thought that his supply might be cheating him.
So he was actually leaving this cocktail party driving to his warehouse and he was counting whether or not there was sheets on his top of the paper roll. And I know it sounds like a ridiculous story and define thing is actually he was cheated by his supply.
The Warren Buffett Way. The Capitalist System. Social Ethics in the Making: Interpreting an American Tradition. Making American Foreign Policy. The Future of the Capitalist State.
The Making of Psychotherapists: An Anthropological Analysis. The Capitalist Conspiracy Booklet. The Capitalist Manifesto. The Making of an Economist, Redux. The Making of an Indian City. The Making of an Englishwoman?
Warren Buffett:: Master of the Market. Primitive America: The Ideology of Capitalist Democracy. The Making of John Ledyard: The Lives of David Brainerd: The Making of an American Evangelical Icon. Making an Impact Online. Reflections of an American Composer. Anthropology of an American Girl.
An American in the Making: