Buffett's Early Investments

Buffett's Early Investments investígales ten investments that legendary investor Warren Buffett made ¡n the 1950s and 1960s—earning him his first millions—and uncovers unique insights in the process. Using the same documents Buffett used when he made these investments, author Brett Gardner reveáis the fascinating inside stories of: • How Philadelphia and Reading, Buffett's largest investment in 1954, transformed from a declining coal company to a diversified conglomérate whose stock went up tv/entyfold due to the intervention of Buffett's mentor, Benjamin Graham. • How Buffett and Charlie Munger made their first formal investment together in Hochschild-Kohn. • How corporate governance issues presented serious risk to Buffett's 1 966 investment in Walt Disney. Other investments analyzed inelude American Express, British Columbio Power, Cleveland Worsted Mills, Greif Bros, MarshaII-Wells, Studebaker, and Union Street Railway. Not all of these investments worked out—this book shows why. Buffett's Early Investments helps readers understand how history's greatest ever investor really made his returns in the years where he produced his best numbers.