Contents

Foreword: The Exception

Foreword to the Second Edition

Foreword to the First Edition

Introduction

Preface

Chapter 1: A Five-Sigma Event

Personal History and Investment Beginnings

The Buffett Partnership Ltd.

Berkshire Hathaway

Insurance Operations

The Man and His Company

Five-Sigma Event

Chapter 2: The Education of Warren Buffett

Benjamin Graham

Philip Fisher

Charlie Munger

A Blending of Intellectual Influences

Chapter 3: Buying a Business

Business Tenets

Management Tenets

Financial Tenets

Market Tenets

Anatomy of a Long-Term Stock Price

Chapter 4: Common Stock Purchases

The Washington Post Company

GEICO Corporation

Capital Cities/ABC

The Coca-Cola Company

General Dynamics

Wells Fargo & Company

American Express Company

International Business Machines

H.J. Heinz Company

A Common Theme

Chapter 5: Portfolio Management

The Mathematics of Focus Investing

Focus Investors in Graham-and-Doddsville

Chapter 6: The Psychology of Investing

The Intersection of Psychology and Economics

Behavioral Finance

And on the Other Side, Warren Buffett

Why Psychology Matters

Chapter 7: The Value of Patience

For the Long Term

Rationality: The Critical Difference

Slow-Moving Ideas

System 1 and System 2

The Mindware Gap

Time and Patience

Chapter 8: The World’s Greatest Investor

The Private Buffett

The Buffett Advantage

Learning to Think Like Buffett

Finding Your Own Way

Appendix

Acknowledgments

About the Website

About the Author

Index

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