# Highly Recommended《New Book Condition Hardcover + Closer Examination on Warren Buffett Business World & Life By FORTUNE Magazine》TAP DANCING TO WORK: Warren Buffett on Practically Everything, 1966-2013
This international bestselling book on Warren Buffett in Hardcover is a bran-new book and nice wrapped with protective book-wrapper. The original new book is sold at usual price RM109.17. Now here Only at RM20. Warren Buffett built Berkshire Hathaway into something remarkable— and Fortune journalist Carol Loomis had a front-row seat for it all. 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 over time, 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 also 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. Loomis has provided commentary about each major article that supplies context and her own informed point of view. Readers will gain fresh insights into Buffett’s investment strategies and his thinking on management, philanthropy, public policy, and even parenting. Some of the highlights include: ● The 1966 A. W. Jones story in which Fortune first mentioned Buffett. ● The first piece Buffett wrote for the magazine, 1977’s “How Inf lation Swindles the Equity Investor.” ● Andrew Tobias’s 1983 article “Letters from Chairman Buffett,” the first review of his Berkshire Hathaway shareholder letters. ● Buffett’s stunningly prescient 2003 piece about derivatives, “Avoiding a Mega-Catastrophe.” ● His unconventional thoughts on inheritance and philanthropy, including his intention to leave his kids “enough money so they would feel they could do anything, but not so much that they could do nothing.” ● Bill Gates’s 1996 article describing his early impressions of Buffett as they struck up their close friendship. Scores of Buffett books have been written, but none can claim this work’s combination of trust between two friends, the writer’s deep understanding of Buffett’s world, and a very long-term perspective. Over the past three decades, numerous books have been written about investment icon Warren Buffett. There have been biographies, books on his investment strategy, books devoted to his quotations, and books that simply put Buffett’s name in the title to increase sales. When confronted with Carol J. Loomis’s foray into the world of Buffett — Tap Dancing to Work: Warren Buffett on Practically Everything, 1966–2012 — one must ask whether there is anything new to add. Loomis has collected numerous articles about Buffett published in Fortune (where she is a senior editor-at-large), including many of her own. The volume also contains excerpts from Buffett speeches, letters to shareholders, and transcripts of interviews. At first glance, this may seem like the easy way out — just another author cashing in on the public’s fascination with Buffett. Loomis has managed to create a book while doing only a minimal amount of writing. In the preface, Loomis explains her approach. Noting that she is the chief writer about Warren Buffett at Fortune and a longtime friend, she comments that “a writer who is a good friend of the subject does not make a good biographer. . . . Then it dawned on me that the scores of Buffett articles we have published in Fortune are in themselves a business biography.” The magic of the book is that the articles, written over many years, represent how the authors viewed Buffett at the time the articles were penned. A writer who sets out to produce a biography will often choose to interview the subject’s friends, family, and colleagues in order to go back in time to understand what the subject was like in the past. What the biographer cannot do is eliminate bias that comes from awareness of the subject’s present stature and knowing how the subject’s insights actually turned out. The author of a book about Enron Corporation or WorldCom is well aware of “how the movie ends,” and so the tone of the narrative tends to be decidedly negative. However, the archives of respected business publications abound in articles that sang the praises of those same companies before they fell from grace. In a similar vein, Warren Buffett has long since become a revered figure in the world of business and investing, but in 1966, he was a relatively unknown money manager from Omaha, Nebraska. Loomis, who provides commentary preceding many of the items, has put together an eclectic collection of pieces by or about Buffett. The book is organized chronologically within topics, giving the reader the opportunity to follow a topic in compressed time. Interestingly, the first article in a book about Buffett is not about Buffett; it is about another money manager, Alfred Winslow Jones, noted for coining the term “hedged fund.” Loomis begins with this piece because it represents the first time Fortune ever mentioned Buffett (in fact, the article mentions only his partnership). So obscure was Buffett that the magazine left off a t in his name. Seventeen years later, in 1983, as Buffett’s annual chairman’s letter was beginning to attract some attention, Fortune decided to write about the letters in what would become a sort of book review of Buffett’s works since 1977. Because Loomis was by then a friend of Buffett’s and the unofficial editor of the letters, Fortune turned to an unknown freelance writer, Andrew Tobias, to write the article. Even more interesting than Tobias, who would go on to a very successful career as a financial journalist, is the fact that when Tobias was contacted about doing the piece, he admitted that he had never heard of Buffett. Today, it seems as though everyone claims to have known of Buffett’s investment prowess back in the 1950s. But even in the early 1980s, when Berkshire Hathaway stock could be purchased for less than $1,000 a share, many people in the world of finance were still unaware of Buffett. Loomis also includes the first piece that Buffett wrote expressly for Fortune, in 1977, “How Inflation Swindles the Equity Investor.” She notes that Buffett and Fortune still receive letters about it. Here, we get not only a close look at Buffett’s early insights into the economy but also confirmation that he is fallible. Two of Buffett’s predictions proved incorrect: He foresaw neither Paul Volcker’s engineering of the end of runaway inflation nor the drop in corporate tax rates in the ensuing decades. The articles that Loomis has selected for the book allow the reader to see the many sides of Buffett. One piece by Bill Gates, originally published in the Harvard Business Review and later reprinted in Fortune, is a review of Roger Lowenstein’s Buffett: The Making of an American Capitalist that morphs into Gates’s impressions of Buffett. Because of their friendship, Gates is able to provide some unique stories and insights about his friend. Little did Gates know that a decade later, Buffett would pledge the bulk of his vast fortune to the Bill & Melinda Gates Foundation. In Tap Dancing to Work, Carol Loomis has assembled an enjoyable collection of articles about and by Warren Buffett. In some cases, she has included only excerpts, but readers can view them in their entirety online. In addition to the conventional articles about Buffett that one would expect to see, Loomis has included a couple of amusing pieces on whether Jimmy Buffett and Warren Buffett are related and one on Buffett’s FICO credit score. The book gives readers new to Buffett the opportunity to learn about his business achievements. Even seasoned readers who have tracked Buffett’s career for decades are likely to find enough new material to pique their interest. Does the world really need another book about Warren Buffett? The answer is yes if it is Carol J. Loomis’s Tap Dancing to Work. The thing that most impressed readers in this book is that it showed everything from Warren Buffet's life including the part on how he built his business empire. He made Berkshire Hathaway into something that is incredible. It showed that he didn't just have success, he also had tremendous failures but he climbed back from it. I wished I invested in Berkshire Hathaway decades ago!! Most readers liked seeing things from the world's greatest investor's view because it teaches you on business and life. Nobody ever sees the sides of Warren Buffett other than the rich part. In my opinion that is the really important part of success other than richness. They had failures, competition, wrong decisions and important choices, and perseverance. Those all bundled up into success. "It takes decades to build a reputation, and minutes to ruin one" (pg. 104) The Fortune articles gave a lot of detail on his life. Bill Gates, in his 1996 article, describes his early impressions of Buffett as they formed a deep friendship. At age 11, Gates made his first stock purchase through Buffett! ● "You should invest in a business that even a fool can run, because some day a fool will." ● Gates on Buffett: "I have never met anyone who thought about business in such a clear way." (pg. 276) This book was significant to many investors because it made them see things from Buffett's view and made them realize that success is mostly hard work. Warren Buffett influenced me in numerous ways. One, he is a philanthropist, he gave away 37 billion dollars to charity. Two, he is a tycoon, he managed from a middle class boy into one of the richest people in the world. Three, he is modest, he lives in a 30,000 dollar house he bought when he was 25 and he drove a car that was hail damaged before. About the Author CAROL J. LOOMIS is a senior editor-at-large at Fortune, where she has worked since 1954. She has been the magazine’s expert on Warren Buffett since 1966 and has edited his annual letter to shareholders since 1977. Her many honors include five lifetime achievement awards, including a Gerald Loeb Award for business journalism and Time Inc.’s first-ever Henry Luce Award. This is her first book. She lives in Westchester County.
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