Of Permanent Value: The Story of Warren Buffett

Of Permanent Value: The Story of Warren Buffett

Posted by jack_miller | Published a year ago

With 51 ratings

By: Andrew Kilpatrick

Purchased At: $4.44 (59 used & new offers)

Providing an in-depth, up-to-date look at Buffett and his company, Berkshire Hathaway, this book clearly shows the fundamental reasons for his exalted achievements. It also takes a look at Berksire's investments which include 200 million shares of the Coca-Cola Company. This biography will have an appeal to anyone in the business world. 92 photos.
I’ve read most of the biographies of Warren Buffett, but I consider this to be the definitive biography. There are several reasons. This book has been developed over a period of many years (around 25, at this point) and is the result of dedicated research and writing. The author has access to Mr. Buffett that most writers do not, and you can see this in the various letters and documents that Buffett has provided for publication. Each year, Buffett personally selects a group of books to be sold at the Berkshire Hathaway annual meeting in Omaha and every year this book is chosen. This kind of endorsement by Buffett is probably the only reason you really need to pick up a copy.

At the 2016 meeting, one book was selected for “super highlighting” by creation of a giant version of the book cover for display. This is that book. Although I think I keep up with everything going on with Buffett, I am always amazed when I read the updated version and discover new facts. This latest version contains a nice recap of the premiere of the HBO Documentary Becoming Warren Buffett. The insight provided by Mr. Kilpatrick is available because he was there. You probably don’t get invited to a premiere like that without being fairly well-connected. It is this connection you can take advantage of by reading (and re-reading) this book.

There is great humor, insight and information in this book. You'll learn about an incredible personality and be truly entertained in the process. My bookshelf has several books on Warren Buffett, but Mr. Kilpatrick's is my favorite.

- titan_martin

How much more can be written about Warren Buffett? Apparently quite a bit. This cumulative anthology continues to build in content and background. There was another Buffett biography published last year which focused a little more on personal relationships. Kilpatrick targets more of the factual history as Berkshire Hathaway grew to become one of the worlds leading companies, all from a start of $10,000. Along the way Buffett drove a Volkswagen, invested 50% of his net worth in one company and probably had more fun than any other CEO in the Fortune 500. If, like me, you enjoy anecdotal tidbits as well as comprehensive writing, you'll enjoy this very thorough look at Buffett's life.

- amiyah_rogers

Buffett warned in 2003 that mortgage-backed derivatives were "financial weapons of mass destruction" and that, while the Federal Reserve system was created in part to prevent financial contagion, "there is no central bank assigned to the job of preventing the dominoes toppling in insurance or derivatives".

In his letter to shareholders in March, 2005, Warren Buffet predicted that in another 10 years' time the net ownership of the US by outsiders would amount to $11 trillion. "Americans ... would chafe at the idea of perpetually paying tribute to their creditors and owners abroad. A country that is now aspiring to an `ownership society' will not find happiness in - and I'll use hyperbole here for emphasis - a 'sharecropper's society'."

- oakley_kelly

Kind of dissapointed after flipping through the two huge volumes. Nice pictures (but many of them not that clear)through out the book, and seemed to keep up to day with most of the recent events related to Warren Buffett. But the events has not much to read about. For example, about Buffett's purchase of USG stocks lately, only simply mentioned the fact without any background or related story (but the table of contents sure seemed to suggest otherwise). The older one-volume version of the book seemed to have more stuff to read then the new two-volume version, even the older text-only cover seemed to be nicer than the colorful picture-jammed new cover. The new 2 volume version seems to be a chronicle album rather than a historical book. Usually less really means more. Ballooning a book's size with air would only send the disappointed readers away.

- luna_torres

This is a spectacular book. While the Lowenstein and Schroder books are both excellent, this brings a different perspective altogether: A view of Berkshire Hathaway and Warren Buffett from all the available source matierials. It gives a fresh and raw feeling to the story that is really wonderful. Thank you Andrew Kilpatrick for an excellent job and extraordinary dedication to this project over the years.

Also, see my video comments here: http://tmblr.co/Z7nErw1_XEgzC

- ernesto_davis

Great Book on Buffett by Andrew K. The 2000 pictures alone are worth the price.

- angelique_ross

I bought this book for my son Keith for Christmas, and he was very pleased with it. it was probably
his favorite present.

- jaylee_adams

This nutcase seems to know every single fact from every minute of Buffett's life! Ten times better than Alice Schroeder’s Snowball if you want nitty gritty business data and to pass on his more personal details.

- adelyn_williams

Good insight for investors

- skyla_edwards

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