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The Snowball: Warren Buffett and the Business of Life

Alice Schroeder

The Snowball: Warren Buffett and the Business of Life Alice Schroeder Amazon Price: $23.10
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Here is THE book recounting the life and times of one of the most respected men in the world, Warren Buffett. The legendary Omaha investor has never written a memoir, but now he has allowed one writer, Alice Schroeder, unprecedented access to explore directly with him and with those closest to him his work, opinions, struggles, triumphs, follies, and wisdom. The result is the personally revealing and complete biography of the man known everywhere as “The Oracle of Omaha.”

Although the media track him constantly, Buffett himself has never told his full life story. His reality is private, especially by celebrity standards. Indeed, while the homespun persona that the public sees is true as far as it goes, it goes only so far. Warren Buffett is an array of paradoxes. He set out to prove that nice guys can finish first. Over the years he treated his investors as partners, acted as their steward, and championed honesty as an investor, CEO, board member, essayist, and speaker. At the same time he became the world’s richest man, all from the modest Omaha headquarters of his company Berkshire Hathaway. None of this fits the term “simple.”

When Alice Schroeder met Warren Buffett she was an insurance industry analyst and a gifted writer known for her keen perception and business acumen. Her writings on finance impressed him, and as she came to know him she realized that while much had been written on the subject of his investing style, no one had moved beyond that to explore his larger philosophy, which is bound up in a complex personality and the details of his life. Out of this came his decision to cooperate with her on the book about himself that he would never write.

Never before has Buffett spent countless hours responding to a writer’s questions, talking, giving complete access to his wife, children, friends, and business associates—opening his files, recalling his childhood. It was an act of courage, as The Snowball makes immensely clear. Being human, his own life, like most lives, has been a mix of strengths and frailties. Yet notable though his wealth may be, Buffett’s legacy will not be his ranking on the scorecard of wealth; it will be his principles and ideas that have enriched people’s lives. This book tells you why Warren Buffett is the most fascinating American success story of our time.

Team of Rivals: The Political Genius of Abraham Lincoln

Doris Kearns Goodwin

Team of Rivals: The Political Genius of Abraham Lincoln Doris Kearns Goodwin Amazon Price: $14.28
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The life and times of Abraham Lincoln have been analyzed and dissected in countless books. Do we need another Lincoln biography? In Team of Rivals, esteemed historian Doris Kearns Goodwin proves that we do. Though she can't help but cover some familiar territory, her perspective is focused enough to offer fresh insights into Lincoln's leadership style and his deep understanding of human behavior and motivation. Goodwin makes the case for Lincoln's political genius by examining his relationships with three men he selected for his cabinet, all of whom were opponents for the Republican nomination in 1860: William H. Seward, Salmon P. Chase, and Edward Bates. These men, all accomplished, nationally known, and presidential, originally disdained Lincoln for his backwoods upbringing and lack of experience, and were shocked and humiliated at losing to this relatively obscure Illinois lawyer. Yet Lincoln not only convinced them to join his administration--Seward as secretary of state, Chase as secretary of the treasury, and Bates as attorney general--he ultimately gained their admiration and respect as well. How he soothed egos, turned rivals into allies, and dealt with many challenges to his leadership, all for the sake of the greater good, is largely what Goodwin's fine book is about. Had he not possessed the wisdom and confidence to select and work with the best people, she argues, he could not have led the nation through one of its darkest periods.

Ten years in the making, this engaging work reveals why "Lincoln's road to success was longer, more tortuous, and far less likely" than the other men, and why, when opportunity beckoned, Lincoln was "the best prepared to answer the call." This multiple biography further provides valuable background and insights into the contributions and talents of Seward, Chase, and Bates. Lincoln may have been "the indispensable ingredient of the Civil War," but these three men were invaluable to Lincoln and they played key roles in keeping the nation intact. --Shawn Carkonen

The Team of Rivals

Team of Rivals doesn't just tell the story of Abraham Lincoln. It is a multiple biography of the entire team of personal and political competitors that he put together to lead the country through its greatest crisis. Here, Doris Kearns Goodwin profiles five of the key players in her book, four of whom contended for the 1860 Republican presidential nomination and all of whom later worked together in Lincoln's cabinet.
1. Edwin M. Stanton
Stanton treated Lincoln with utter contempt at their initial acquaintance when the two men were involved in a celebrated law case in the summer of 1855. Unimaginable as it might seem after Stanton's demeaning behavior, Lincoln offered him "the most powerful civilian post within his gift"--the post of secretary of war--at their next encounter six years later. On his first day in office as Simon Cameron's replacement, the energetic, hardworking Stanton instituted "an entirely new regime" in the War Department. After nearly a year of disappointment with Cameron, Lincoln had found in Stanton the leader the War Department desperately needed. Lincoln's choice of Stanton revealed his singular ability to transcend personal vendetta, humiliation, or bitterness. As for Stanton, despite his initial contempt for the man he once described as a "long armed Ape," he not only accepted the offer but came to respect and love Lincoln more than any person outside of his immediate family. He was beside himself with grief for weeks after the president's death.

2. Salmon P. Chase
Chase, an Ohioan, had been both senator and governor, had played a central role in the formation of the national Republican Party, and had shown an unflagging commitment to the cause of the black man. No individual felt he deserved the presidency as a natural result of his past contributions more than Chase himself, but he refused to engage in the practical methods by which nominations are won. He had virtually no campaign and he failed to conciliate his many enemies in Ohio itself. As a result, he alone among the candidates came to the convention without the united support of his own state. Chase never ceased to underestimate Lincoln, nor to resent the fact that he had lost the presidency to a man he considered his inferior. His frustration with his position as secretary of the treasury was alleviated only by his his dogged hope that he, rather than Lincoln, would be the Republican nominee in 1864, and he steadfastly worked to that end. The president put up with Chase's machinations and haughty yet fundamentally insecure nature because he recognized his superlative accomplishments at treasury. Eventually, however, Chase threatened to split the Republican Party by continuing to fill key positions with partisans who supported his presidential hopes. When Lincoln stepped in, Chase tendered his resignation as he had three times before, but this time Lincoln stunned Chase by calling his bluff and accepting the offer.

3. Abraham Lincoln
When Lincoln won the Republican presidential nomination in 1860 he seemed to have come from nowhere--a backwoods lawyer who had served one undistinguished term in the House of Representatives and lost two consecutive contests for the U.S. Senate. Contemporaries attributed his surprising nomination to chance, to his moderate position on slavery, and to the fact that he hailed from the battleground state of Illinois. But Lincoln's triumph, particularly when viewed against the efforts of his rivals, owed much to a remarkable, unsuspected political acuity and an emotional strength forged in the crucible of hardship and defeat. That Lincoln, after winning the presidency, made the unprecedented decision to incorporate his eminent rivals into his political family, the cabinet, was evidence of an uncanny self-confidence and an indication of what would prove to others a most unexpected greatness.

4. William H. Seward
A celebrated senator from New York for more than a decade and governor of his state for two terms before going to Washington, Seward was certain he was going to receive his party's nomination for president in 1860. The weekend before the convention in Chicago opened he had already composed a first draft of the valedictory speech he expected to make to the Senate, assuming that he would resign his position as soon as the decision in Chicago was made. His mortification at not having received the nomination never fully abated, and when he was offered his cabinet post as secretary of state he intended to have a major role in choosing the remaining cabinet members, conferring upon himself a position in the new government more commanding than that of Lincoln himself. He quickly realized the futility of his plan to relegate the president to a figurehead role. Though the feisty New Yorker would continue to debate numerous issues with Lincoln in the years ahead, exactly as Lincoln had hoped and needed him to do, Seward would become his closest friend, advisor, and ally in the administration. More than any other cabinet member Seward appreciated Lincoln's peerless skill in balancing factions both within his administration and in the country at large.

5. Edward Bates
A widely respected elder statesman, a delegate to the convention that framed the Missouri Constitution, and a former Missouri congressman whose opinions on national matters were still widely sought, Bates's ambitions for political success were gradually displaced by love for his wife and large family, and he withdrew from public life in the late 1840s. For the next 20 years he was asked repeatedly to run or once again accept high government posts but he consistently declined. However in early 1860, with letters and newspaper editorials advocating his candidacy crowding in upon him, he decided to try for the highest office in the land. After losing to Lincoln he vowed, in his diary, to decline a cabinet position if one were to be offered, but with the country "in trouble and danger" he felt it was his duty to accept when Lincoln asked him to be attorney general. Though Bates initially viewed Lincoln as a well-meaning but incompetent administrator, he eventually concluded that the president was an unmatched leader, "very near being a 'perfect man.'"

The Essential Doris Kearns Goodwin


Wait Till Next Year: A Memoir

No Ordinary Time: Franklin and Eleanor Roosevelt: The Home Front in World War II

Lyndon Johnson and the American Dream

More New Reading on the Civil War


Lincoln's Melancholy: How Depression Challenged a President and Fueled His Greatness by Joshua Wolf Shenk

Grant and Sherman: The Friendship That Won the Civil War by Charles Bracelen Flood

The March: A Novel by E.L. Doctorow

Playing the Enemy: Nelson Mandela and the Game That Made a Nation

John Carlin

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A thrilling, inspiring account of one of the greatest charm offensives in history—Nelson Mandela’s decade-long campaign to unite his country, beginning in his jail cell and ending with a rugby tournament

In 1985, Nelson Mandela, then in prison for twenty-three years, set about winning over the fiercest proponents of apartheid, from his jailers to the head of South Africa’s military. First he earned his freedom and then he won the presidency in the nation’s first free election in 1994. But he knew that South Africa was still dangerously divided by almost fifty years of apartheid. If he couldn’t unite his country in a visceral, emotional way—and fast—it would collapse into chaos. He would need all the charisma and strategic acumen he had honed during half a century of activism, and he’d need a cause all South Africans could share. Mandela picked one of the more farfetched causes imaginable—the national rugby team, the Springboks, who would host the sport’s World Cup in 1995.

Against the giants of the sport, the Springboks’ chances of victory were remote. But their chances of capturing the hearts of most South Africans seemed remoter still, as they had long been the embodiment of white supremacist rule. During apartheid, the all-white Springboks and their fans had belted out racist fight songs, and blacks would come to Springbok matches to cheer for whatever team was playing against them. Yet Mandela believed that the Springboks could embody—and engage—the new South Africa. And the Springboks themselves embraced the scheme. Soon South African TV would carry images of the team singing “Nkosi Sikelele Afrika,” the longtime anthem of black resistance to apartheid.

As their surprising string of victories lengthened, their home-field advantage grew exponentially. South Africans of every color and political stripe found themselves falling for the team. When the Springboks took to the field for the championship match against New Zealand’s heavily favored squad, Mandela sat in his presidential box wearing a Springbok jersey while sixty-two-thousand fans, mostly white, chanted “Nelson! Nelson!” Millions more gathered around their TV sets, whether in dusty black townships or leafy white suburbs, to urge their team toward victory. The Springboks won a nail-biter that day, defying the oddsmakers and capping Mandela’s miraculous ten-year-long effort to bring forty-three million South Africans together in an enduring bond.

John Carlin, a former South Africa bureau chief for the London Independent, offers a singular portrait of the greatest statesman of our time in action, blending the volatile cocktail of race, sport, and politics to intoxicating effect. He draws on extensive interviews with Mandela, Desmond Tutu, and dozens of other South Africans caught up in Mandela’s momentous campaign, and the Springboks’ unlikely triumph. As he makes stirringly clear, their championship transcended the mere thrill of victory to erase ancient hatreds and make a nation whole.

Founding Brothers: The Revolutionary Generation

Joseph J. Ellis

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Total reviews: 384 Average rating: 4.0 of 5

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In retrospect, it seems as if the American Revolution was inevitable. But was it? In Founding Brothers, Joseph J. Ellis reveals that many of those truths we hold to be self-evident were actually fiercely contested in the early days of the republic.

Ellis focuses on six crucial moments in the life of the new nation, including a secret dinner at which the seat of the nation's capital was determined--in exchange for support of Hamilton's financial plan; Washington's precedent-setting Farewell Address; and the Hamilton and Burr duel. Most interesting, perhaps, is the debate (still dividing scholars today) over the meaning of the Revolution. In a fascinating chapter on the renewed friendship between John Adams and Thomas Jefferson at the end of their lives, Ellis points out the fundamental differences between the Republicans, who saw the Revolution as a liberating act and hold the Declaration of Independence most sacred, and the Federalists, who saw the revolution as a step in the building of American nationhood and hold the Constitution most dear. Throughout the text, Ellis explains the personal, face-to-face nature of early American politics--and notes that the members of the revolutionary generation were conscious of the fact that they were establishing precedents on which future generations would rely.

In Founding Brothers, Ellis (whose American Sphinx won the National Book Award for nonfiction in 1997) has written an elegant and engaging narrative, sure to become a classic. Highly recommended. --Sunny Delaney

St. Augustine Confessions (Oxford World's Classics)

Saint Augustine

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Total reviews: 44 Average rating: 4.5 of 5

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In his own day the dominant personality of the Western Church, Augustine of Hippo today stands as perhaps the greatest thinker of Christian antiquity, and his Confessions is one of the great works of Western literature. In this intensely personal narrative, Augustine relates his rare ascent from a humble Algerian farm to the edge of the corridors of power at the imperial court in Milan, his struggle against the domination of his sexual nature, his renunciation of secular ambition and marriage, and the recovery of the faith his mother Monica had taught him during his childhood.
Now, Henry Chadwick, an eminent scholar of early Christianity, has given us the first new English translation in thirty years of this classic spiritual journey. Chadwick renders the details of Augustine's conversion in clear, modern English. We witness the future saint's fascination with astrology and with the Manichees, and then follow him through scepticism and disillusion with pagan myths until he finally reaches Christian faith. There are brilliant philosophical musings about Platonism and the nature of God, and touching portraits of Augustine's beloved mother, of St. Ambrose of Milan, and of other early Christians like Victorinus, who gave up a distinguished career as a rhetorician to adopt the orthodox faith. Augustine's concerns are often strikingly contemporary, yet his work contains many references and allusions that are easily understood only with background information about the ancient social and intellectual setting. To make The Confessions accessible to contemporary readers, Chadwick provides the most complete and informative notes of any recent translation, and includes an introduction to establish the context.
The religious and philosophical value of The Confessions is unquestionable--now modern readers will have easier access to St. Augustine's deeply personal meditations. Chadwick's lucid translation and helpful introduction clear the way for a new experience of this classic.

Anne Frank: The Diary of a Young Girl

Anne Frank

Anne Frank: The Diary of a Young Girl Anne Frank Amazon Price: $5.99
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Total reviews: 628 Average rating: 4.5 of 5

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A beloved classic since its initial publication in 1947, this vivid, insightful journal is a fitting memorial to the gifted Jewish teenager who died at Bergen-Belsen, Germany, in 1945. Born in 1929, Anne Frank received a blank diary on her 13th birthday, just weeks before she and her family went into hiding in Nazi-occupied Amsterdam. Her marvelously detailed, engagingly personal entries chronicle 25 trying months of claustrophobic, quarrelsome intimacy with her parents, sister, a second family, and a middle-aged dentist who has little tolerance for Anne's vivacity. The diary's universal appeal stems from its riveting blend of the grubby particulars of life during wartime (scant, bad food; shabby, outgrown clothes that can't be replaced; constant fear of discovery) and candid discussion of emotions familiar to every adolescent (everyone criticizes me, no one sees my real nature, when will I be loved?). Yet Frank was no ordinary teen: the later entries reveal a sense of compassion and a spiritual depth remarkable in a girl barely 15. Her death epitomizes the madness of the Holocaust, but for the millions who meet Anne through her diary, it is also a very individual loss. --Wendy Smith

John Adams

David McCullough

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Left to his own devices, John Adams might have lived out his days as a Massachusetts country lawyer, devoted to his family and friends. As it was, events swiftly overtook him, and Adams--who, David McCullough writes, was "not a man of the world" and not fond of politics--came to greatness as the second president of the United States, and one of the most distinguished of a generation of revolutionary leaders. He found reason to dislike sectarian wrangling even more in the aftermath of war, when Federalist and anti-Federalist factions vied bitterly for power, introducing scandal into an administration beset by other difficulties--including pirates on the high seas, conflict with France and England, and all the public controversy attendant in building a nation.

Overshadowed by the lustrous presidents Washington and Jefferson, who bracketed his tenure in office, Adams emerges from McCullough's brilliant biography as a truly heroic figure--not only for his significant role in the American Revolution but also for maintaining his personal integrity in its strife-filled aftermath. McCullough spends much of his narrative examining the troubled friendship between Adams and Jefferson, who had in common a love for books and ideas but differed on almost every other imaginable point. Reading his pages, it is easy to imagine the two as alter egos. (Strangely, both died on the same day, the 50th anniversary of the Declaration of Independence.) But McCullough also considers Adams in his own light, and the portrait that emerges is altogether fascinating. --Gregory McNamee

The Last Campaign: Robert F. Kennedy and 82 Days That Inspired America

Thurston Clarke

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Total reviews: 26 Average rating: 4.5 of 5

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Amazon Best of the Month, June 2008: When Senator Robert F. Kennedy entered the presidential race during the chaotic year of 1968, anarchy appeared to be gathering on the horizon. America was coming to grips with an unwinnable war in Vietnam and unacceptable social policies at home. The Last Campaign examines Kennedy's bold (and tragically shortened) efforts to awaken his country's social conscience and moral sensibility. In contrast to the cocksure attitude of Thirteen Days (RFK's own 1962 memoir of the Cuban Missile Crisis), Thurston Clarke reveals a very human politician who often trembled at the podium and scanned crowds for an assassin's glare. Though motivated to serve by an unwavering desire to help the poor and oppressed, Kennedy also lived with a deep fear that his life would be cut short by violence. "I'm afraid there are guns between me and the White House," he prophetically remarked during the spring of '68. Yet The Last Campaign chooses not to explore what could have been. Instead, Clarke focuses on what is certain: for an 82-day period, Kennedy "convinced millions of Americans that he was a good man, perhaps a great man." --Dave Callanan

Exclusive Q&A with Author Thurston Clarke

Kennedy during a 1967 visit to the Mississippi Delta where he found children starving in windowless shacks.

Attorney General Robert F. Kennedy and his brother, President John F. Kennedy, conferring at the White House.

Kennedy discussing the assassination of Martin Luther King Jr. with press secretary Frank Mankiewicz on April 4, 1968.
Amazon.com: He was a Presidential candidate for less than 100 days - why does the name Bobby Kennedy continue to resonate today?

Clarke: The fact that he was the brother of a beloved and martyred president, and that he was also assassinated are of course important factors. But I think Bobby Kennedy continues to be relevant because he tackled issues such as race, poverty, and an ill-advised and unpopular war that remain relevant. And not only did he address these issues but he addressed them with an honesty and passion that no other president or politician has equaled since 1968.

Amazon.com: Despite his own fears, Kennedy made himself dangerously accessible to crowds. Was this an act of defiance or conviction?

Clarke: It was both defiance and conviction.

Speaking of President Johnson's bubble-topped, bulletproof limousine, he told a reporter, "I'll tell you one thing: if I'm elected President, you won't find me riding around in any of those God-damned cars. We can't have that kind of country, where the President is afraid to go among the people." When his aides (who were worried about his safety throughout the campaign) urged him to spend more time campaigning from television studios and less time plunging into crowds, he told them, "There are so many people who hate me that I've got to let the people who love me see me." Kennedy also knew that crowds revived him-"like a couple of drinks," according to aide Fred Dutton-and that letting people see him in person was the best way to prove that his reputation for being "ruthless" was unmerited.

Amazon.com: Hypothetical questions achingly surround Bobby Kennedy and his legacy. Did any single "What if?" occupy your thoughts as you researched this book? Kennedy campaigning in Los Angeles during 1968

Clarke: Several "What ifs" haunted me.

Kennedy had wanted to avoid going to the Ambassador Hotel on the evening of June 4, 1968 and instead watch the returns at the home of John Frankenheimer. The networks, however, protested that they needed him at the hotel for interviews and wanted to cover the victory celebration live if he won. Kennedy caved in and went to the hotel.

Kennedy always went through the crowd in a ballroom or auditorium after speaking, and became angry with aides who tried to hustle him out a back door. But on the night of his assassination, he broke his own rule and went through the hotel pantry where Sirhan Sirhan was waiting.

And what if he had won the nomination and become president? I doubt that there would have been riots at the Democratic convention in Chicago that year -- riots that helped elect Richard Nixon to the presidency and that have proven to be an albatross around the neck of Democrats for forty years. A President Robert Kennedy would have withdrawn America from Vietnam soon and there would be fewer names on the Vietnam wall. There would have been no bombing of Cambodia, Kent State, or Watergate, and so on, and so on.

Amazon.com: Kennedy's campaign strategy was fraught with risk, as one observer remarked that "he kept hammering away at the plight of the poor when there was more chance for political loss than gain." Had Bobby simply had enough with politics as usual?

Clarke: Kennedy's obsession with the plight of America's poor was more the result of his own personal experiences than any rejection of politics as usual. He had held a starving child in his arms in Mississippi. He had visited the appalling schools on Indian reservations where students learned nothing about their own culture and history. He had tramped through tenements in Brooklyn and come upon a girl whose face had been disfigured by rat bites. He believed that he had a responsibility to educate the American people about these conditions.

During a flight on his chartered campaign plane he told Sylvia Wright of Life magazine, ". . . for every two or three days that you waste time making speeches at rallies full of noise and balloons, there's usually a chance every two or three days . . . where you get a chance to teach people something; and to tell them something that they don't know because they don't have the chance to get around like I do, to take them some place vicariously that they haven't been, to show them a ghetto, or an Indian reservation." And it was moments like these, Kennedy told Wright, that made a political campaign, despite all its banalities and indignities, "worth it."

Amazon.com: In your opinion, will we ever see another Bobby Kennedy? Have we become too jaded to embrace a candidate like RFK or has campaigning simply become political theater?

Clarke: One of the aides who scheduled many of Kennedy's appearances that spring, told me, "What he did was not really that mystical. All it requires is someone who knows himself, and has some courage."

Nixonland: The Rise of a President and the Fracturing of America

Rick Perlstein

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Amazon Best of the Month, May 2008: How did we go from Lyndon Johnson's landslide Democratic victory in 1964 to Richard Nixon's equally lopsided Republican reelection only eight years later? The years in between were among the most chaotic in American history, with an endless and unpopular war, riots, assassinations, social upheaval, Southern resistance, protests both peaceful and armed, and a "Silent Majority" that twice elected the central figure of the age, a brilliant politician who relished the battles of the day but ended them in disgrace. In Nixonland Rick Perlstein tells a more familiar story than the one he unearthed in his influential previous book, Before the Storm, which argued that the stunning success of modern conservatism was founded in Goldwater's massive 1964 defeat. But he makes it fresh and relentlessly compelling, with obsessive original research and a gleefully slashing style--equal parts Walter Winchell and Hunter S. Thompson--that's true to the times. Perlstein is well known as a writer on the left, but his historian's empathies are intense and unpredictable: he convincingly channels the resentment and rage on both sides of the battle lines and lets neither Nixon's cynicism nor the naivete of liberals like New York mayor John Lindsay off the hook. And while election-year readers will be reminded of how much tamer our times are, they'll also find that the echoes of the era, and its persistent national divisions, still ring loud and clear. --Tom Nissley

The Autobiography of Malcolm X: As Told to Alex Haley

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Total reviews: 295 Average rating: 4.5 of 5

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Malcolm X's searing memoir belongs on the small shelf of great autobiographies. The reasons are many: the blistering honesty with which he recounts his transformation from a bitter, self-destructive petty criminal into an articulate political activist, the continued relevance of his militant analysis of white racism, and his emphasis on self-respect and self-help for African Americans. And there's the vividness with which he depicts black popular culture--try as he might to criticize those lindy hops at Boston's Roseland dance hall from the perspective of his Muslim faith, he can't help but make them sound pretty wonderful. These are but a few examples. The Autobiography of Malcolm X limns an archetypal journey from ignorance and despair to knowledge and spiritual awakening. When Malcolm tells coauthor Alex Haley, "People don't realize how a man's whole life can be changed by one book," he voices the central belief underpinning every attempt to set down a personal story as an example for others. Although many believe his ethic was directly opposed to Martin Luther King Jr.'s during the civil rights struggle of the '60s, the two were not so different. Malcolm may have displayed a most un-Christian distaste for loving his enemies, but he understood with King that love of God and love of self are the necessary first steps on the road to freedom. --Wendy Smith

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