The Biography of Warren Buffett

Author: (USA) James O'Okelly
Publisher:
Publish Date: 2004-06-01
Features: Warren Buffett—the architect of America's largest and most successful conglomerate enterprises, a globally recognized modern "seasoned" manager and leader. A better manager than Jack Welch, he claims to be able to manage and influence the company even 50 years after his death. What kind of manager is he? What management methods does he adopt? Warren Buffett: An Unconventional Life reveals the vast, practical, and influential lessons overlooked by other researchers of Buffett, comprehensively explaining the special principles he applied in managing Berkshire Hathaway. This book truly explains how, over 37 years, he grew his investment vehicle—Berkshire Hathaway—by an average of 25% annually. James O'Okelly delves into the mysterious business story: how Buffett used capital, how he made his managers "think like owners." He reveals a simple model of wise management that many companies can imitate and profit from. This model is built on several unwavering principles. Many people mention Warren Buffett and envy his success. He is more often seen merely as an investment master, the "stock god." People are also more inclined to calculate such a long-standing "account": If my father had invested 10,000 yuan in Berkshire Hathaway under Buffett's management in 1965, he would now have 40 million yuan. And if my father had invested 10,000 yuan in Buffett Partnership in 1956 and reinvested in Berkshire Hathaway when the partnership dissolved, our family would now be a multi-billionaire household! As an epoch-making investment sage, the evergreen of Wall Street, and America's second-richest man, Buffett is renowned for his role as the world's stock recommendor and his remarkable ability to create wealth. Many best-selling books attempt to crack his secrets by analyzing Warren Buffett's investment genius. However, none of them truly grasp the essence! Warren Buffett: An Unconventional Life takes a unique approach, focusing on Buffett's distinctive management style and leadership approach, conducting an in-depth analysis and research of his strategy, leadership, and corporate management. The author, James O'Okelly (a professional investment manager and the head of the global stock strategy research center at Co-op Insurance, one of the UK's largest insurance companies with assets exceeding $36 billion), uses extensive factual material to reveal, for the first time, the mysteries of how Buffett, as a manager and leader, transformed Berkshire Hathaway into America's largest and most successful conglomerate enterprise. The Buffett depicted in this book is first and foremost a thoughtful long-term investor, or as he calls himself, a "capital allocator." He rejects trends and fashions, refusing to accept the newly popular things. As this skillfully written and well-structured book demonstrates, a principle that has proven to be remarkably effective and profitable over the past 40 years is the key.