The Warren Buffett Way: The World’s Greatest Investor

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Notes

Chapter 1 The World’s Greatest Investor

1. Carol J. Loomis, “The Inside Story of Warren Buffett,” Fortune(April 11,
   1988), 30.


2. Warren Buffett, “The Superinvestors of Graham-and-Doddsville,” Hermes
   ( Fall 1984).


3. Berkshire Hathaway Annual Report, 1999, 3.

Chapter 2 The Education of Warren Buffett

1. Adam Smith, Supermoney(New York: Random House, 1972), 178.


2. Benjamin Graham and David Dodd, Security Analysis,3rd ed. (New York:
   McGraw-Hill, 1951), 38.


3. Ibid., 13.


4. Address by Warren Buffett to New York Society of Security Analysts, De-
   cember 6, 1994, quoted in Andrew Kilpatrick, Of Permanent Value: The
   Story of Warren Buffett( Birmingham, AL: AKPE, 2004), 1341.


5. John Train, The Money Masters(New York: Penguin Books, 1981), 60.


6. Philip Fisher, Common Stocks and Uncommon Profits(New York: Harper
   & Brothers, 1958), 11.


7. Ibid., 33.


8. Philip Fisher, Developing an Investment Philosophy,The Financial Analysts
   Research Foundation, monograph number 10, 1.
   9.I am grateful to Peter Bernstein and his excellent book, Capital Ideas: The
   Improbable Origins of Modern Wall Street(New York: The Free Press,
   1992), for this background information on Williams.