Roger Lowenstein, author of the bestselling Buffett: The Making of an American Capitalist, reported for The Wall Street Journal for more than a decade, and wrote the Journal's stock market column, Heard on the Street, from 1989 to 1991 and the Intrinsic Value column from 1995 to 1997. He now writes a column in Smart Money magazine, and has written for the New York Times and The New Republic, among other publications. Lowenstein has three children and lives in Westfield, New Jersey.
By picking the right stocks and businesses to invest in, plainspoken Nebraskan Warren Buffett became the richest man in the U.S. In this excellent biography, Wall Street Journal reporter Lowenstein details the billionaire stock market wizard's strategy of betting on the long-term growth of a handful of successful companies such as American Express and Berkshire Hathaway. Providing personal glimpses of a very private man, Lowenstein unearths childhood traumas such as the tormenting rages of Buffett's mother and his forced relocation to Washington, D.C., in 1943, where, at 13, he ran away from home (he was found by the police the next day). Buffett's wife, Susan Thompson, a nightclub singer, walked out on him in 1977 and was quickly replaced by his mistress, Latvian-born Astrid Menks. Lowenstein profiles an emotionally guarded, ``strangely stunted'' Midas obsessed with work and secrecy, who seemingly derives little pleasure from his fabulous wealth. Photos not seen by PW. Author tour. (Aug.)
Of all the so-called financial wizards, one stands above them all: Warren Buffet. Starting out in a middle-class Nebraska family, Buffet turned his prodigious talents for investing into a fortune of over $9 billion. Like many with a particular sort of genius, the man contains myriad complexities and contradictions: a traditional moral base that somehow includes both wife and mistress; a serene exterior that masks a fixed fear of death and a history of parental abuse; and a generosity that does not preclude requiring his children to repay all loans with interest. Lowenstein, a reporter for the Wall Street Journal, has made a thoroughly researched attempt at exploring how Buffet's mind works. He gives a largely sympathetic view of a man who says bankers should wear ski masks, a billionaire who has "no art collection or snazzy car...but lives in a commonplace house on a tree-lined block." A worthwhile addition to most public and academic libraries.‘Katherine Gillen, Luke Air Force Base Lib., Ariz.
"Only in America. The bonus of this fine, fine biography is that it could turn you into an investor, if you're not one already; or a better one, if you are. Lowenstein has done a great job with a great subject."--Andrew Tobias
"Mr. Lowenstein has done a masterly job."--The New York Times Book Review