Investment гуру of Уоррена Баффетта many name a "prophet". Баффетт it is said that predicting behavior of market is senseless and only patience, thrift and loyalty, principles will help to attain of long duration success. Such pragmatic approach he adheres to from the moment of organization of the first association of Buffett Partnership Limited (BPL) in 1956 Exactly then young Баффетт began one time in a half-year to send to the partners letters in that told about job performances and in detail explained the methods of investing. Баффетт does not write books, but his letters to the partners, collected in this edition, give an opportunity to understand the manner of thoughts and philosophy of investing of great businessman.An author is a compiler of book an investment analyst Jeremy Миллер, uniting letters on themes, analyses history of success of company BPL from 1956 to 1970 - period, on to confession of Баффетта, with the highest profitableness that he got some time. The stated here approaches, in spite of evolution in the methods of investing, do not lose actuality and till today.

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