Hat tip to Sivaram for alerting me to Michael Lewis's review of Alice Schroeder's Buffett biography in the New Republic1, "Master of Money". Lewis notes in the beginning of his review that,
Buffett has a long and happy history of admitting attractive, intelligent women into his life, which Schroeder describes without mentioning how neatly she fits into the pattern.
How she fits in the pattern, apparently, is that unlike other female business journalists -- e.g., CNBC's Becky Quick, and Liz Claman (now at Fox Business) who preceded her as the network's Buffett correspondent, Schroeder was intent on using her access to paint a warts-and-all portrait of Buffett as a person as well as as an investor. That leads to some interesting material, which is surveyed in Lewis's review. It's an entertaining read, as Lewis's essays usually are.
The photo above, of Warren Buffett and Alice Schroeder, comes from Khotanharmon.com.
1Now that Condé Nast has pulled the plug on Portfolio, perhaps TNR will be a regular home for Michael Lewis's essays.
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8 comments:
Warren said he picked this author because...
She's the 'sucker'.
What's Christine doing with Warren? My lord!
Hey dave did you hear about the owner of IHUB and a bunch of his online accomplices getting busted by the SEC?
Might make a good post, since you talk about penny stocks here.
I always felt there was something fishy about IHUB and silicon investor.
I hadn't heard that, J.K. Do have a link? I wonder if that Rawnoc/Slandersuit character was implicated.
Here is one of the stories, some small California news sites have them too. I expect the story to gain traction as it becomes known how popular IHUB was. I think it is, next to Yahoo boards, the largest stock message board.
Interesting, thanks. It reminds me of something else that I think I'll post a link to if I can find it. There was an article in the NY Times Mag a few years ago (maybe by Michael Lewis?) about a high school kid who ran his own sort of pump & dump racket with penny stocks and made a small fortune doing it. I don't think he got hit with any criminal charges, but he faced some civil charges from the SEC. The great part of the story was his defense: his lawyer, if memory serves (or it might have been the writer of the article) asked the SEC chairman how what the kid was doing was materially different from what large Wall Street firms did.
You're refering to Jonathan Lebed. That was a good story.
He is still in business pumping stocks, also. lol. lebed.biz
Ah, that's right. And the article was written by Michael Lewis. I'll write short post on that and include a link to the article.
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