More Praise for The Warren Buffett Way, First Edition

Fort Worth-
Star Telegram
( June 21, 2000).
22. Andrew Kilpatrick, 
War ren Buf fett: The Good Guy of Wall Street
(New
York: Donald Fine, 1992), 123.
23. Art Harris, “The Man Who Changed the Real Thing,” 
Washington Post
( July 22, 1985), B1.
24. Berkshire Hathaway Annual Report, 1984, 8.

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N o t e s
2 2 9
Chapter 6 Investing Guidelines: Management Tenets
1. Berkshire Hathaway Annual Report, 1989.
2. Berkshire Hathaway Annual Report, 1986.
3. Berkshire Hathaway Annual Report, 2000, 6.
4. SellingPower.com, October 2001, quoted in Andrew Kilpatrick, 
Of Perma-
nent Value: The Stor y of War ren Buf fett
( Birminghan, AL: AKPE, 2004),
659.
5. Ibid., 661.
6. Carol J. Loomis, “The Inside Story of Warren Buffett,” 
Fortune
(April 11,
1988), 32.
7. Berkshire Hathaway Annual Report, 2001, 5.
8. “Puns Fly as Buffett Buys Fruit of the Loom,” 
Toronto Star
(May 7, 2002).
9. The Washington Post Company Annual Report, 1992, 5.
10. Berkshire Hathaway Annual Report, 1991, 8.
11. Berkshire Hathaway Annual Report, 1988, 5.
12. Berkshire Hathaway Annual Report, 2002.
13. Berkshire Hathaway Annual Report, 2003.
14. Berkshire Hathaway Annual Report, 1986, 5.
15. “Strategy for the 1980s,” The Coca-Cola Company.
161.Berkshire Hathaway Annual Report, 1989, 22.
17. Ibid.
18. Linda Grant, “The $4 Billion Regular Guy,” 
Los Angeles Times Magazine
(April 7, 1991), 36.
19. Monte Burke, “Trailer King,”
Forbes
(September 30, 2002), 72.
20. William Stern, “The Singing Mobile Home Salesman,” 
Forbes
(October
26, 1992), 240.
21. Burke, “Trailer King,” 72.
22. Berkshire Hathaway Annual Report, 1985, 19.
23. Jim Rasmussen, “Buffett Talks Strategy with Students,”
Omaha World-
Herald
( January 2, 1993), 26.
24. Berkshire Hathaway Annual Report, 2001, 3.
25. Berkshire Hathaway Annual Report, 2003.
26. Berkshire Hathaway Annual Report, 2003, p7–8.
27. Reported by Greg Miles, 
Bloomberg News
(April 2003).
28. Berkshire Hathaway Annual Report, 1991, quoted in Kilpatrick, 
Of Per-
manent Value
(2004), 1333.
29. Berkshire Hathaway Annual Report, 2002, 3.
30. Ibid., 16.
31. Berkshire Hathaway Annual Report, 2003, 9.
32. Berkshire Hathaway annual meeting, 1993, quoted in Kilpatrick, 
Of Per-
manent Value
(2004), 1335.
33. Berkshire Hathaway Annual Report, 2002, 21.

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2 3 0
N O T E S
Chapter 7 Investing Guidelines: Financial Tenets
1. Berkshire Letters to Shareholders, 1977–1983, 43.
2. Berkshire Hathaway Annual Report, 1987.
3. “Strategy for the 1980s,” The Coca-Cola Company.
4. Berkshire Hathaway Annual Report, 1984, 15.
5. Berkshire Hathaway Annual Report, 1986, 25.
6. Carol J. Loomis, “The Inside Story of Warren Buffett,” 
Fortune
(April 11,
1988), 34.
7. Berkshire Hathaway Annual Report, 1990, 16.
8. Chalmers M. Roberts, 
The Washington Post: The First 100 Years
( Boston:
Houghton Miff lin, 1977), 449.
9. Ibid., 426.
10. Berkshire Hathaway Annual Report, 2002, quoted in Andrew Kilpatrick,
Of Permanent Value: The Stor y of War ren Buf fett
( Birmingham, AL:
AKPE, 2004), 1361.
Chapter 8 Investing Guidelines: Value Tenets
1. Berkshire Hathaway annual meeting, 2003, quoted in Kilpatrick, 
Of Per-