Buffett: The Making of an American Capitalist - Go-Go Summary & Analysis

Roger Lowenstein
This Study Guide consists of approximately 46 pages of chapter summaries, quotes, character analysis, themes, and more - everything you need to sharpen your knowledge of Buffett.
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Go-Go Summary and Analysis

In the 60s, the stock market was exploding with lots of new companies and growth—the "go-go" years for money men. Buffett was a bit trapped, because he had lots of money but could not find enough bargains to buy. He eventually closed the partnership to new accounts and continued to scour for bargains. Usually, he bought bargains slowly so as not to alert the competition, but, more and more, he was outsmarted by others who snatched them up.

The additional phenomena of the 60s were mergers and "letter stock," that is, stock in companies that were essentially "fads" and whose stocks were overvalued. Performance funds were managed by high rollers who bought and sold stock to beat the Dow on a daily basis. Buffett could not get on board with these new methods of profit-making and taking. He retained...

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This section contains 591 words
(approx. 2 pages at 400 words per page)
Buy the Buffett: The Making of an American Capitalist Study Guide
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