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Simply put, he knew that the more information the world knew about his methods, the harder it would become for him to outperform the market and his peers.His silence was therefore designed to protect his competitive advantage of the investment world.Any investor that wishes to understand the workings of the stock market (information here) must read this book.
In fact, on the cover, Warren Buffett is quoted as saying, 'By far the best book on investment ever written.' How can you argue with that?
Legend has it that Buffett re-reads the book before he makes an investment.
It is well worth a read - and if you want to see some of Buffett's pearls of wisdom, it is a much quicker read than his many annual reports at Berkshire Hathaway.
It will also give you an insight into how Buffett lives.
When carried out over many decades, these thoughts are like a library of knowledge. As ever, working through the publications discussed in these Warren Buffett book reviews will take time and effort. Buy a high-end scientific calculator - you'll find you need it to fully understand the math he does in his head!
These are more like a job or retraining with a new education than relaxing evening reading. - and start to read around the topic of value investment. There can be no coincidence that The Intelligent Investor by Benjamin Graham is both the most important book written about investment and the book that apparently sits constantly on Warren Buffett's desk.
Buffett The Making Of An American Capitalist by Roger Lowenstein is an interesting read which was very much ahead of it's time.
When first published in 1995, it was offering a profile that was very much required.
There was little known about his investment methods at the time and though this book does not explain his methodology in much depth, it did provide an insight.
At the time, Buffett was well known for not divulging his secret.