21. Evolution of Buffett’s Investment Strategy

Chapters in this book

1. Frontmatter i
2. Contents vii
3. Acknowledgments ix
4. Introduction xi
5. Part I. The Partnership Years (1957–1968)
6. 1. 1958: Sanborn Map Company 1
7. 2. 1961: Dempster Mill Manufacturing Company 17
8. 3. 1964: Texas National Petroleum Company 28
9. 4. 1964: American Express 34
10. 5. 1965: Berkshire Hathaway 53
11. Part II. The Middle Years (1968–1990)
12. 6. 1967: National Indemnity Company 67
13. 7. 1972: See’s Candies 73
14. 8. 1973: The Washington Post 79
15. 9. 1976: GEICO (Government Employees Insurance Company) 93
16. 10. 1977: The Buffalo Evening News 100
17. 11. 1983: Nebraska Furniture Mart 105
18. 12. 1985: Capital Cities/ABC 111
19. 13. 1987: Salomon Inc.—Preferred Stock Investments 128
20. 14. 1988: Coca-Cola 138
21. Part III. The Late Years (1990–2014)
22. 15. 1989: US Air Group 153
23. 16. 1990: Wells Fargo 169
24. 17. 1998: General Re 180
25. 18. 1999: MidAmerican Energy Holdings Company 197
26. 19. 2007–2009: Burlington Northern 211
27. 20. 2011: IBM 230
28. Part IV. Lessons Learned
29. 21. Evolution of Buffett’s Investment Strategy 248
30. 22. What We Can Learn from Buffett 254
31. Appendix A. Performance of Buffett Partnership Limited (1957–1968) 263
32. Appendix B. Performance of Berkshire Hathaway (1965–2014) 265
33. Notes 267
34. Selected Bibliography 277
35. Index 279