Since the 1950s, Warren Buffett and his partners have backed some of the
twentieth century's most profitable, trendsetting companies. But how did
they know they were making the right investments? What did Buffet and
his partners look for in an up-and-coming company, and how can others
replicate their approach?
A gift to Buffett followers who have long sought a pattern to the
investor's success, Inside the Investments of Warren Buffett presents
the most detailed analysis to date of Buffett's long-term investment
portfolio. Yefei Lu, an experienced investor, starts with Buffett's
interest in the Sanborn Map Company in 1958 and tracks nineteen more of
his major investments in companies like See's Candies, the Washington
Post, GEICO, Coca-Cola, US Air, Wells Fargo, and IBM. Accessing
partnership letters, company documents, annual reports, third-party
references, and other original sources, Lu pinpoints what is unique
about Buffett's timing, instinct, use of outside knowledge, and
postinvestment actions, and he identifies what could work well for all
investors in companies big and small, domestic and global. His
substantial chronology accounts for broader world events and
fluctuations in the U.S. stock market, suggesting Buffett's most
important trait may be the breadth of his expertise.