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Tap Dancing to Work compiles six decades of writing on legendary investor Warren Buffett, from Carol Loomis, the reporter who knows him best.
Warren Buffett built Berkshire Hathaway into something remarkable - and Fortune journalist Carol Loomis had a front-row seat.
When Carol Loomis first mentioned a little known Omaha hedge fund manager in a 1966 Fortune article, she didn't dream that Warren Buffett would one day be considered the world's greatest investor - nor that she and Buffett would quickly become close personal friends.
As Buffett's fortune and reputation grew, Loomis used her unique insight into Buffett's thinking to chronicle his work for Fortune, writing and proposing scores of stories that tracked his many accomplishments - and his occasional mistakes.
Now Loomis has collected and updated the best Buffett articles Fortune published between 1966 and 2012, including thirteen cover stories and a dozen pieces authored by Buffett himself. Readers will gain fresh insights into Buffett's investment strategies and his thinking on management, philanthropy, public policy, and even parenting.
Scores of Buffett books have been written, but none can claim this combination of trust between two friends, the writer's deep understanding of Buffett's world, and a long-term perspective.
Carol Loomis, 82, is at Editor-At-Large at Fortune magazine, where she has worked since 1954. She has written extensively on Warren Buffett since 1966 and is well known as the business journalist on closest terms with him. For the past 35 years she has edited Buffett's famous and eagerly-awaited annual letter to the shareholders of Berkshire-Hathaway. Loomis' many honours include the Gerald Loeb Lifetime Achievment Award for business journalism and the Distinguished Achievement Award from the Society of American Business Editors and Writers.
This fascinating collection presents a selection of articles about the financial mogul, many by Loomis and twelve12 by Buffett himself, published in Fortune Magazine from the time he first burst on the scene as a young financial genius up until today. As a longtime personal friend, she brings a unique perspective into his mindset, but readers will likely treasure Buffett's own insights most of all, such as his view of inheritance, reported in 1986: "To him the perfect amount to leave children is enough money so they would feel they could do anything, but not so much that they could do nothing.'" More recently, in 2010, he explained, "My wealth has come from a combination of living in America, some lucky genes, and compound interest. Both my children and I won what I call the ovarian lottery." His common sense and wry humor can be appreciated by everyone, but investors will be especially intrigued by gems like this explanation of Berkshire Hathaway's management philosophy: "We want people to join us because they want to be with us until they die." Loomis has created an engaging picture of a great influencer of our time.