Warren Buffett Read online

  TABLE OF CONTENTS

  Introduction

  Chapter 1: Getting Started

  Chapter 2: Meeting Benjamin Graham

  Chapter 3: Discovering Intangible Value: The Amex Affair

  Chapter 4: The Warren and Charlie Show

  Chapter 5: Buffett Dissolves the Partnerships

  Chapter 6: See’s Candies

  Chapter 7: A Platonic Affair. . .

  Chapter 8: The Return to GEICO

  Chapter 9: Buffett Saves Salomon Brothers

  Chapter 10: Back Home

  Chronology

  Bibliography

  Manga Warren Buffett

  Copyright © 2003, Ayano Mario. All rights reserved.

  English translation published by arrangement with

  John Wiley & Sons (Asia) Pte Ltd through Panrolling, Inc.

  This edition published in 2005 by John Wiley A Sons (Asia) Pte Ltd 2 Clementi Loop, #02-01, Singapore 129809

  No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as expressly permitted by law, without either the prior written permission of the Publisher, or authorization through payment of the appropriate photocopy fee to the Copyright Clearance Center. Requests for permission should be addressed to the Publisher, John Wiley A Sons (Asia) Pte Ltd, 2 Clementi Loop, #02-01, Singapore 129809, tel: 65-6463-2400, fax: 65-6463-4605, E-mail: [email protected].

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  John Wiley A Sons, Inc., 111 River Street, Hoboken, NJ 07030, USA

  John Wiley A Sons Ltd., The Atrium, Southern Gate, Chichester P019 BSQ, England

  John Wiley & Sons (Canada) Ltd., 5353 Dundas Street West, Suite 400, Toronto, Dntario M9B 6H8, Canada

  John Wiley A Sons Australia Ltd., 42 McDougall Street, Milton, Queensland 4064, Australia

  Wiley-VCH, Boschstrasse 12, D-69469 Weinheim Germany

  Library of Congress Cataloging-in-Publication Data:

  ISBN - 13 978-0-470-82153-4

  ISBN - 10 0-470-82153-1

  BUFFETT’S RULES FOR SUCCESS

  Ascertain the true quality of a company and its top managers

  Stockholders are not managers. They should leave the running of a firm to competent managers with integrity.

  Don’t invest in businesses you don’t understand.

  Give help and advice if they want it, but let the managers make their own decisions.

  Never, ever break the law.

  Owners are owners and managers are managers — but they should work as partners.

  Keep your distance from the market. You’ll understand the business better!

  CHAPTER 1

  GETIING STARTED

  CHAPTER 2

  MEETING BENJAMIN GRAHAM

  CHAPTER 3

  DISCOVERING INTANGIBLE VALUE; THE AMEX AFFAIR

  CHAPTER 4

  THE WARREN AND CHARLIE SHOW

  CHAPTER 5

  BUFFETT DISSOLVES THE PARTNERSHIPS

  CHAPTER 6

  SEE'S CANDIES

  CHAPTER 7

  A PLATONIC AFFAIR...

  CHAPTER 8

  THE RETURN TO GEICO

  CHAPTER 9

  BUFFETT SAVES SALOMON BROTHERS

  CHAPTER 10

  BACK HOME

  APPENDIX

  CHRONOLOGY

  BIBLIOGRAPHY

  Buffett: The Making of an American Capitalist, by Roger Lowenstein. Japanese translation by K.K. Business Bank, Sogo Horei Shuppan, 1998.

  Winning Buffett's Way (Buffett de katsu – anato no shisan unyo no tame ni), by Tetsu Emori. Sogo Horei Shuppan, Feb. 2000.

  The Warren Buffett Way: Investment Strategies of the World's Greatest Investor by Robert G. Hagstrom, John Wiley & Sons. Translated by Atsuo Mihara and Ichiro Ono, Diamondsha, 2001.

  Damn Right: Behind the Scenes With Berkshire Hathaway Billionaire Charlie Munger by Janet Lowe. John Wiley, 1999.

  Buffett – the Man Who Moves “U.S.A. Inc.” (Buffett, “Beikoku Kabushiki Kaisha” wo ugokasu otoko) by Hiroshi Makino, Nihon Keizai Shimbun-sha, 1999.

  Buffettology Work Book by Mary Buffett and David Clark. Translated by Tadasuke Idei and Yasukazu Nakaguma, Nihon Keizai Shimbun-sha, 2002.

  The Essays of Warren Buffett: Lessons for Investors and Managers (Wiley Finance) translation supervised by Atsuhiro Doko, Kazumi Masuzawa and Miyo Niimi 2002 (Panrolling).

  Investment Planning Manga/In the Shadow of the World's Top Investor, Buffett, by Janet Lowe. Translated by Kazumi Masuzawa, others, 2001 (Panrolling).

  The Warren Buffett CEO: Secrets from the Berkshire Hathaway Managers by Robert P. Miles. Translated by Noriko Kimura, 2003 (Panrolling).

  Of Permanent Value: The Story of Warren Buffett by Andrew Kilpatrick (Birmingham) http://www.berkshirehathaway.com/.

  Wizard: Lessons from the Legends of Wall Street by Nicky Ross. Translated by Noriko Kimura, 2001 (Panrolling).

 

 

  Ayano Morio, Warren Buffett

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