From Publishers Weekly
HWhen Warren Buffett's partner, fellow Nebraskan and Berkshire Hathaway vice-chairman Charles T. Munger (now 76 years old) was a young boy, his hero was the independent Robinson Crusoe. As he grew older, he strove (and still strives) to emulate the creative thinker Benjamin Franklin, whom Munger admires most for his commitment to social causes and philanthropy. (Munger is one of the pioneering supporters of Planned Parenthood.) Lowe, who spent three intensive years learning about Munger's life and work, had the full cooperation of his subject for this biography and access to his vast network of admiring and devoted business associates, his family and his lifelong friends. She does a superb job of re-creating Munger's development from a respectable lawyer to a savvy investor, providing intricate details about the incisive thinking behind his business deals, which she weaves into a captivating narrative. The droll, brilliant, focused and intensely private Munger conducts his business the way he lives his life: he invests his time and his money in people of strong moral character and businesses that are intrinsically sound. He is not averse to risk, because he calculates it carefully, and, most crucially, when he makes a commitment, he does so for the long term. Agent, Alice Fried Martell.
Copyright 2000 Reed Business Information, Inc.
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She's Bullish on the Lifestyles of the Rich and Famous
Money talks - in an astonishing number of languages. Janet Lowe' sbooks on business and finance have been translated into 17 tongues,including Thai, Hebrew, Slovenian and three different kinds ofChinese.
President of the San Diego Press Club, former financial editor ofthe San Diego Tribune and the author of 16 books, Lowe' s writingfocuses on the leaders of specific industries. Her latest work,"Damn Right! Behind the Scenes With Berkshire Hathaway BillionaireCharlie Munger," gives further evidence of Lowe' s expertise onmoney-related success.
The very rich, she observes, seem to have one particular thing incommon.
"The people that I have written about all earned their own wealth.They are not inheritors. They did not fall by it accidentally," shesaid. "It came about as the result of having a particular talentthat they recognized very early in their lives, and theyconcentrated on it."
She says that Warren Buffett was fascinated by investing even as achild, that Oprah Winfrey began working in radio and televisionwhile still in high school, that Ted Turner, although a "wildchild," was always someone who saw big ideas and took bigrisks.
Lowe challenges the stereotype of the wealthy as dishonest andruthless. Money talks - but it talks straight.
"People usually do not rise to this level unless they' re verysmart, good communicators, and ethical," she explained. "You maynot agree with the philosophy of a Warren Buffett or a Jack Welch(the head of General Electric) and with what they do or how theyfeel, but they are honest and true to themselves and they follow anethical course. They'll tell you that if you' re not a straightshooter and an honest dealer, people will see that and not workwith you."
The San Diego Union-Tribune Online (By Sarah Sabalos LaSpaluto,October 29, 2000
"Janet Lowe's extensive access to Charlie Munger, his family,friends and business partners has ensured a perceptive look at theman and his business methods." (Lloyd's List, 9th December2000)
"This is a well-written, fascinating, cautionary tale whichexamines the seductive nature of power, and people's willingness tobelieve in these latter-day icons." (International WealthManagement, October 2000)
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