This accomplishment, as it turns out, is of great value to more than Buffett and Berkshire shareholders because Buffett has arranged for his shares to 'go back to society.' This gift outright is the largest philanthropic donation in history. Ever!
BIRMINGHAM, Ala. (PRWEB) March 18, 2008
The book begins: "Out of the primordial ooze of dollars from a struggling textile mill called Berkshire Hathaway, Warren Buffett took some small cash streams from the business and, using investment wizardry honed during his early years working with limited funds, literally 'spun' money through mergers and acquisitions. Those financial maneuvers jump-started unequaled returns on capital, which multiplied by the magic of compounding, created today's Berkshire -- an unimaginably large cosmos (and hence the theme of the book).
"With the roll of the years, today's Berkshire is a powerhouse generating earnings at a breathtaking pace of $2 billion to $3 billion per calendar quarter with a stock market value of more than $200 billion.
"This accomplishment, as it turns out, is of great value to more than Buffett and Berkshire shareholders because Buffett has arranged for his shares to 'go back to society.' This gift outright is the largest philanthropic donation in history. Ever!"
The book has more than 330 chapters and of the 1,400 photos more than 100 are in color. Other features include not only a regular index but a "Cosmic Photo Index" as well. The front cover photo shows Buffett in front of a NetJet fuselage (with the cosmos in the background) and the back cover features an exclusive photo of the 19 people who work at the headquarters at Berkshire called "the most respected company in the world" by Barron's. Also, the work has seven chapters related to Berkshire's Vice Chairman Charles Munger, interviews with scores of Berkshire shareholders, a chapter about Buffett's trips to Canada, China and Korea as well as a chapter about Berkshire's multibillion-dollar purchase of Marmon Holdings, a conglomerate of more than 125 "nuts and bolts" businesses. An interview with Buffett's physical fitness trainer is a highlight.
"A surprisingly lively read." -- Midwest Library Review
"A heavy read. Literally." -- The Wall Street Journal
"The definitive story." -- London Daily Telegraph
"Needs fleshing out." -- Warren Buffett
To read the first chapter online, follow this link.
About the author:
Andrew Kilpatrick is a 1965 graduate of Washington & Lee University. He served in the Peace Corps in India from 1965 to 1967, earned a master's degree in English from the University of Vermont, and was a U.S. Navy officer for three years. His 20-year career with newspapers in Birmingham, Alabama, included eight years as a business reporter. Since 1992, he has subsisted as a stockbroker with Wachovia Securities in Birmingham.
Book specifications: ISBN 978-1-57864-455-1 7" by 10" Royal Blue Encased Hardcover, 2-volume set
Available on Amazon.com here.