Summary of Roger Lowenstein's Buffett

By IRB Media

Get the Summary of Roger Lowenstein's Buffett in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: 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 awesome 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.

• Language: English
• Publisher: IRB Media
• Release date: Nov 27, 2021
• ISBN: 9781638158677

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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Insights on Roger Lowenstein's Buffett

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 9

Insights from Chapter 10

Insights from Chapter 11

Insights from Chapter 12

Insights from Chapter 13

Insights from Chapter 14

Insights from Chapter 15

Insights from Chapter 16

Insights from Chapter 17

Insights from Chapter 18

Insights from Chapter 19

Insights from Chapter 20

Insights from Chapter 21

Insights from Chapter 22

Insights from Chapter 23

Insights from Chapter 1

#1

Warren had a thirst for numbers from an early age. He counted the bottle caps from the soda machine across the street, the golf balls he found at Ak-Sar-Ben racetrack, and the people passing by his house. He would say to himself that if only there was a way to make some money off that traffic, he would.

#2

The author’s grandfather, Warren Buffett, had a very unusual upbringing. He was born into a wealthy family, but his father, Howard Buffett, was not a businessperson. His mother, Doris, was.

#3

The young city of Omaha prospered, and Sidney prospered with it. The Buffetts had timed their move to the city perfectly.

#4

Warren grew up in a two-bedroom house on Barker Avenue in the Bronx, with his parents Leila and Howard, and his younger sisters Doris and Roberta. He was always gentle, and would protect his sisters from neighborhood bullies.

#5

After the stock market crash of 1929, the Buffetts moved to a bigger house in suburban North 53rd Street. It was here that Warren began to develop his obsession with money and becoming extremely rich.

#6

Warren Buffett’s father was a strict Methodist who believed in the power of prayer and hard work. He also believed that children should help take care of the family business.

#7

Warren was very close with his father, and he always admired him for the way he lived his life.

#8

The Buffetts were an extremely devout family who practiced the Catholic religion.

#9

Warren’s mother was very moody and could be very violent. She also suffered from mental illness, and was institutionalized several times.

#10

Warren’s family moved to Omaha when he was 11. He was a city kid, who enjoyed the hustle and bustle of the big city.

#11

The day after the election, Howard rented a house in Fredericksburg, Virginia, which was accessible by train. Warren hated it and became homesick very quickly.

#12

The author’s son, Warren, worked for the Buffett family business in the 1960s. He observed how his grandfather, Ernest, ran his store, and learned many lessons about business and the work ethic.

#13

While living with the Buffetts, Warren would visit Carl Falk, a friend of the family, for lunch. He would curl up with an investment book from Falk's study.

Insights from Chapter 2

#1

Warren started working for the Washington Post when he was thirteen, and his