Warren Buffett’s approach to philanthropy has been unconventional. Rather than establishing the infrastructure required to administer a foundation bearing his own name, the majority of Mr. Buffett’s wealth has been given to The Bill and Melinda Gates Foundation. Many super-rich individuals set up foundations that will exist in perpetuity, but Mr. Buffett’s instructions call for using his donations soon after they are made.
This article provides some insights into Benjamin Graham and David Dodd’s classic textbook on investing: Security Analysis. The author describes his own experience reading a reproduction of the 1934 edition and the benefits of studying the latest sixth edition instead. Read the article for more details on Security Analysis.