Of Permanent Value: The Story of Warren Buffett/2016 Edition

This revised book begins with 25 fresh photos of all the people who work at Berkshire Hathaway headquarters. The first chapter takes an expanded look at Precision Castparts, the aerospace firm that is Berkshire's largest acquisition to date. Precision supplies parts to almost every plane in the sky. This 1304-page edition has 2100 photos, most of which are in color. The book recounts Berkshire's rise from a struggling textile mill. Although the textile business eventually died out, Warren Buffett and Charles Munger diverted money from that business into stocks, bonds and insurance and other companies and nursed it until became one of the largest companies in the world, one with a stock market value today of about $350 billion. All these years the famous annual meeting in Omaha was closed to outsiders. But now the meeting will be shown by webcast to all the world as interest in the company reaches a new high.