The Deals of Warren Buffett: Volume 1, The First $100m

by Glen Arnold

Overview

It took the world's greatest investor, Warren Buffett, nearly four decades to make his first $100m. The Deals of Warren Buffett - Volume 1 charts the series of investments that made up that journey.

In revealing detail, and with a lucid descriptive style, experienced author and investor Glen Arnold explains Buffett's thinking behind these investment deals and shows how his cumulative returns compounded his wealth over time.

In this formative period, from 1941-78, Buffett developed and honed the investment philosophy that would lead him to become so successful as his career progressed. But it was not all plain sailing - Buffett made mistakes along the way - and Arnold shows how Buffett learned through success and failure how to select companies worth backing. Arnold also includes insightful 'learning points' at the end of each chapter, which reveal how investors can learn from the craft of Warren Buffett to improve their own investing.

Investments featured in this first volume include: GEICO, American Express, Disney, Berkshire Hathaway, See's Candies, and The Washington Post .

With stories and analysis drawn from decades of investing experience, join Glen Arnold and delve deeper in The Deals of Warren Buffett !

Product Details

ISBN-13:	9780857196033
Publisher:	Harriman House Ltd
Publication date:	11/06/2017
Series:	Deals of Warren Buffett Series
Pages:	248
Sales rank:	219,131
Product dimensions:	5.40(w) x 8.30(h) x 0.80(d)

About the Author

Despite holding positions of Professor of Investment and Professor of Corporate Finance, Glen Arnold concluded that academic life was not nearly as much fun (nor as intellectually stimulating) as making money in the markets. As a wealthy investor in his fifties, he now spends most of his time running his equity portfolio and a property development company from an office in the heart of rural Leicestershire, far from the noise of the City of London.

His main research focus explores the question, 'What works in investment?', drawing on the ideas of the great investors, academic discoveries and corporate strategic analysis - see www.glen-arnold-investments.co.uk. While he used to teach on this subject in the City, he would now rather concentrate on actual investment analysis, but does explain his investment choices and discusses investment ideas at newsletters.advfn.com/deepvalueshares.

He is the author of the UK's bestselling investment book and bestselling corporate finance textbook.

Table of Contents

Foreword Lawrence Cunningham vii

Preface xi

Introduction 1

Part 1 Setting the Scene

The Warren Buffett Story 7

Part 2 Investment Deals

Investment 1 Cities Services 23

Investment 2 GEICO 27

Investments 3 and 4 Cleveland Worsted Mills and a Gas Station 31

Investment 5 Rockwood & Co. 40

Investment 6 Sanborn Maps 43

Investment 7 Dempster Mill 50

Investment 8 American Express 56

Investment 9 Disney 62

Investment 10 Berkshire Hathaway 66

Investment 11 National Indemnity Insurance 80

Investment 12 Hochschild-Kohn 91

Investment 13 Associated Cotton Shops 98

Investment 14 Investing in Relationships 103

Investment 15 Illinois National Bank and Trust 116

Investment 16 Omaha Sun Newspapers 124

Investment 17 More Insurance 132

Investment 18 Buffett's Investment In Sanity 138

Investment 19 Blue Chip Stamps 151

Investment 20 See's Candies 155

Investment 21 Washington Post 179

Investment 22 Wesco Financial 206

Consolidation: Everything into Berkshire Hathaway 226

Appendix 233

Endnotes 235

Index 239