Second version that includes a model new foreword.
In the event you had put $10,000 in Buffett's unique investing partnership at its inception in 1956, you’d have collected about $293,738 by the time he dissolved it at the finish of 1969. He had by no means suffered a down year, even in the extreme bear markets of 1957, 1962, 1966, and 1969. When the partnership was wound up, you can have elected to stick with Buffett as a shareholder of Berkshire Hathaway, Inc., which was spun off from the partnership and have become Buffett's investing car. In that occasion, your $10,000 would by the finish of 1986 have become properly over $5 million.
So, John Practice introduces the exceptional story of Warren Buffett in his basic textual content, 'The Midas Contact'. First revealed in 1987, 'The Midas Contact' was one among the first books to recognise Warren Buffett's spectacular document, and to aim to elucidate how he achieved his success. It’s short, lucid and written with type and wit. A worthy testimony to its exceptional topic.
From the again cowl of the book:
That is the book that tells readers easy methods to make investments like the man referred to as 'the Wizard of Omaha' (Forbes) and the investor with 'the Midas Contact' .
Warren Buffett is the most successful investor alive – the solely member of the Forbes four hundred to have earned his fortune totally by means of investing. Bestselling writer John Practice analyzes the strategies, based mostly on the worth strategy, that have guided Buffett in his exceptional career, strategies that work despite the fact that Buffett operates a thousand miles from Wall Road.