The Warren Buffett Way
Chapter One
The World's
Greatest Investor
Every year, Forbes magazine publishes a list of the 400 richest Americans,
the elite Forbes 400. Individuals on the list come and go
from year to year, as their personal circumstances change and their
industries rise and fall, but some names are constant. Among those leading
the list year in and year out are certain megabillionaires who trace
their wealth to a product (computer software or hardware), a service
(retailing), or lucky parentage (inheritance). Of those perennially in the
top five, only one made his fortune through investment savvy. That
one person is Warren Buffett.
In the early 1990s, he was number one. Then for a few years, he see-sawed
between number one and number two with a youngster named
Bill Gates. Even for the dot-com-crazed year 2000, when so much of
the wealth represented by the Forbes 400 came from the phenomenal
growth in technology, Buffett, who smilingly eschews high-tech anything ... read full excerpt from The Warren Buffett Way ebook