On a spring day in 1964, Warren Buffett received a letter from Seabury Stanton offering to purchase the Buffett Partnership’s stake in Berkshire Hathaway. Buffett and Stanton had agreed to a price of $11.50 but Stanton’s letter offered only $11.375. This annoyed the thirty-three year old Buffett and he started buying more shares starting his long journey of transforming Berkshire Hathaway into what it is today.
Maya Peterson wrote Lighthouse to inspire and empower women to study “female lighthouses in the world of finance.” While these women have navigated different paths, what they have in common is the shared experience of being women in a male-dominated field and how they found ways to overcome challenges. Although young women embarking on their careers will find the stories highly relevant, all readers should be able to draw lessons from the book.
From Butler to Buffett provides a great example of the evolution of newspapers from the late nineteenth century up through the consolidation of the industry that was largely complete a hundred years later. Murray Light provides a fascinating account of how the paper transformed from a scrappy startup founded in 1873 into the only surviving newspaper in the city 110 years later following Buffett’s acquisition of the paper.
Summer is a great time to get away from the business world. Although taking a vacation during a pandemic can involve overcoming a number of issues, it is always possible to take a virtual vacation through the pages of a great book. The mini-reviews in this article cover a range of topics, most unrelated to the business world, and hopefully a few of them will spark an interest this summer.
Robert Moses came of age at the dawn of the twentieth century and shaped the New York metropolitan region in ways that continue to have profound impacts on the lives of its inhabitants to this day. As his biographer points out, it is impossible to say that New York would have evolved into a better city if Robert Moses never lived. But it is possible to say that New York would be a very different city.