Retained Learnings from the books we read.
Reason for Recommendation:
This biography gives readers an excellent opportunity to learn from the master, Warren Buffet. This book details Buffet’s wisdom and advice on investments in a simplistic and understandable form. In an environment in which financial knowledge and terminology has become increasingly complex, this biography’s clear and straightforward explanations benefit all readers.
About the Author:
Roger Lowenstein is an American financial journalist and writer, three of his published works are New York Times bestsellers. He graduated from Cornell University and reported for The Wall Street Journal for more than a decade, he is also director of the Sequoia Fund and a member of the Board of Trustees of Lesley University.
Starting from scratch, simply by picking stocks and companies for investment, Warren Buffett amassed one of the epochal fortunes of the twentieth century--an astounding net worth of $10 billion, and counting. His amazing investment record has made him a cult figure popularly known for his seeming contradictions: a billionaire who has a modest lifestyle, a phenomenally successful investor who eschews the revolving-door trading of modern Wall Street, a brilliant dealmaker who cultivates a homespun aura.
This book explains Buffet’s investment strategy- a long term philosophy grounded in buying stock in companies that are undervalued on the market and hanging on until their worth invariably surfaces- and shows how it is a reflection of Buffet himself.