The Warren Buffett Way: The World’s Greatest Investor

242 INDEX

Fisher, Philip, 11, 16–19, 26–27, 28,
114
bio data, 16
compared to Graham, 26
focus investing, 161
and patience, 162–163
price changes, 163
Fixed-income securities, 141–155
Focus investing, 158–175
challenge of, 174 –175
f inding companies, 160 –161
high-probability events, 161–162
psychology of, 187–188
Focus Trust, 203
Franchises, 70 –71, 77
Fruit of the Loom, 44, 86–89,
137–138
bankruptcy, 137
history of, 86

Garan, 44
Gates, Bill, 1, 123
GEICO Corporation, 31–33
Generally Accepted Accounting
Principles (GAAP), 94 –95
General Reinsurance Corporation
(General Re), 31, 34 –36, 95
Gillette, King C., 51
Gillette Company, 51–54, 69–70, 118
convertible preferred stocks, 152
value of, 127–128, 135–136
Globalization of business, 53–54
Goizueta, Roberto, 77–78, 96, 99,
111–112, 124 –125, 134 –135
Golub, Harvey, 91–92
Government Employees Insurance
Company (GEICO), 31–33,
171–172
Graham, Benjamin, 12–16, 136
and Buffett, 2, 3, 11, 25, 166–167,
198
Columbia class, 2, 12

common stocks, adapting, 14

death of, 24

def inition of investment, 13

and GEICO, 31–32

Intelligent Investor, The, 58

margin of safety, 13, 25

methodology, 25

and Mr. Market, 181–183

and psychology of investing, 58,

178–179

rules of investing, 14 –15

Security Analysis(Graham and

Dodd ), 12, 166

on speculation, 13

works of, 12

Graham, Donald E., 57

Graham, Katherine, 55, 92, 102,

112–113, 116, 128

Graham, Philip, 55

Graham-Newman Corporation, 2, 12

Green, Justin, 187

Growth, buying, 85, 89

Growth Trust, 203–205

Hawkins, O. Mason, 148

Hazen, Paul, 115

High-yield bonds, 145–149

Hochschild-Kohn, 25

Holland, John B., 87–88

Human nature, Buffett on, 97

Illinois National Bank and Trust

Company, 67

Indexing, 3, 158–159

Institutional imperative, 82, 96–102

Insurance, 29–39

distinguishing features, 38–39

Intelligent Investor, The, 58

Internet lottery insurance, 37

Investing guidelines:

business tenets, 61–79

f inancial tenets, 109–119