Common Stocks and Uncommon Profits and Other Writings



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Common Stocks and Uncommon Profits and Other Writings ( PDFDrive )(1)

 Introduction 
1 5 
all,anyone can get on the bus—and even with the best of folks (and he 
wasn’t a people person), he felt uncomfortable there. Compared to most 
business successes, he never worked very long hours or all that hard
or frantically. Early on, I marveled at how someone could have 
succeeded as well as he did working as few hours as he did or with as 
little stren-uous effort as he exerted; but it was because of his genius. At 
times, he was like a laser beam and beautiful to behold. You only need a 
relative few of those times in a career to accomplish a great deal if you 
don’t screw up too badly at other times. He had the one and not the 
other, and that made it work. 
And he was always alone. Until my brother went to work with 
him in 1970, he never had more than a part-time secretary around 
him, several half-days a week. For decades, up until the early 1970’s 
(which also marked the beginning of his business decline), it was 
one woman, Mrs. Del Poso. As a young man, I never got to know 
her in any real way at all, which I now regret because I’m sure I 
could have learned lots about Father from her. Otherwise he was sol-
itary. Non-social. Thinking. Reading. Talking on the phone, yes, but 
not oriented toward being with people. A very definite non-people
person. 
Father loved to watch election returns. Always. A passion. He had a
marvelous memory before dementia. Routinely, he memorized the 
names of all 435 members of the House of Representatives and the 
100 senators. To put himself to sleep at night, he would go state by state 
through their names until he drifted off. He also memorized each state 
capital and made me do it as a kid. To him, reciting them wasn’t chal- 
lenging because they never changed. But congressmen did, which gave 
him new grist. The only time this ever really backfired on him was 
when Warren Buffett first started interacting with him. Because he had 
Buffett’s father’s name stuck in his head from Howard Buffett’s days as
Omaha’s congressman, Father kept referring to Warren Buffett as 
“Howard,” which came to periodically embarrass him when he caught 
it. Warren never called it to his attention. I pointed it out to Father 
several times, and he told me to mind my own business. But he loved 
watching election returns because it was the beginning of the next 
memorization cycle. It also linked to his interest in analyzing politics, 
something that always fascinated him. And he wasn’t bad at it. He started 
with an advantage. Because he had all these guys names already memo-
rized so well, he was a leg up on most folks. I’ll bet at any one time there 



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