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Gulfstream IV jet—the size of a regional commercial airliner and one of the largest private aircraft in the world in 1999—waited.
“Praise by name, criticize by category” was Buffett’s rule.
The doctor made a house call, then went home to bed. But he couldn’t get the house call out of his mind, so he returned and sent Warren to the hospital. Later that night, Warren underwent surgery for a ruptured appendix. The doctor had almost been too late.
When his teachers told him they had most of their retirement savings in AT&T stock, he shorted it, then showed them the trade tickets to give them heartburn. “I was a pain in the ass,” he
Finally, Warren realized that “the truth was that she would always want to embarrass me. She preferred acting that way with me,” he says, and she did so regularly.
“I learned that it pays to hang around with people better than you are, because you will float upward a little bit. And if you hang around with people that behave worse than you, pretty soon you’ll start sliding down the pole. It just works that way.”
She began to understand the damage Leila Buffett’s rages had done to her son’s self-worth, and she started trying to repair it. She knew that the main thing he needed was to feel loved and never criticized. He also needed to feel that he could succeed socially. “People accepted me more when I was with her,” he says.
“You should never, when facing some unbelievable tragedy, let one tragedy increase into two or three through your failure of will,” he would later
“Charlie had a lot of children early on. That hindered him a lot in getting independent. Starting early with no encumbrances is a big advantage.”
Warren and Susie’s stake in the partnership to $6.8 million. He was thirty-five years old.
Buffett posed the Desert Island Challenge. If you were stranded on a desert island for ten years, he asked, in what stock would you invest?
While she instinctively pursued women’s equality—she had given the seed money to Gloria Steinem for Ms. magazine—deep inside she still thought that only men knew anything about business.
Wildflower condos, overlooking the golf course and mountains, where Graham often
Sacramento Street. As spring stole over San Francisco,
