Of Permanent Value - Andrew Kilpatrick

[Parsad]

[amazonsearch]Of Permanent Value - Andrew Kilpatrick[/amazonsearch]

 

This was the first book on Buffett I read many years ago, and Andy's book gets better year after year.  Every long-term Berkshire shareholder should definitely have a copy. 

 

Full of wonderful, insightful stories on Berkshire and Buffett, and how he influenced so many others.  The book is also full of hundreds and hunderds of pictures.  Cheers! 

[berkshiremystery]

I always thought that the board should have a book corner. ::) Well,... finally Sanjeev got struck by the idea, and a book corner has been set up.... ;D

I just sorted last month my real life bookshelf, didn't knew how many I had accumulated over the years, damn was I shocked...lol

 

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Andrew Kilpatrick's book is indeed one of the best. I remember the first time I got to know Buffett was in 1989, while I had accidently bought into the same two companies he held. Around that time I didn't even knew him and that he held these same companies. Back then, I would have considered myself a novice investor without much knowledge,...  ::) ... Around the year 1989, it was also the first time that I got in touch with a glimpse of the Value Line Investment Survey. My broker had mailed me accidently some sample pages of Value Line. From that day I was hooked on them and treasure it like a holy artifact. So I only had bought these shares, because i found them relatively cheap compared to the general market back then, and they were great brands. Suddendly in the following months (late 1989), it was reported in USA Today that a guy named Buffett owned them too, so I started to read more about him. But these days back then were the days without the internet, as we know it how it is today, it was hard to keep track. Almost no books had been written about him.  Amazon was still unknown to me. So not sure, but some years later, maybe starting in the early 1990's,.. I wrote a letter to his office address in Omaha, asking to get hardcopies of the annual report and the two compilations of letters from earlier annual reports (1977 through 1993). Hahaha,...  he wanted to get reimbursed with money for the two compilations booklets, so I put some real dollar notes in the return envelope. Damn....lol,... how i forgot those things...lol. I just remembered about all this stuff. Oh,... I almost have forgotten, but the very first time my eyes ever came over the name Berkshire, was in July 1988. I had gotten a hold on a copy of the annual "NASDAQ: Fact Book 1988", published by the NASDAQ investor relations department. Eye-catching was back then the NASDAQ listed Berkshire (BKHT stock symbol), that traded in the thousands of dollars per share ("1987" high: $4050, "1987" low: $2635 and "1987" closing: 2820). I still have that booklet, and just looked into it. I didn't knew Buffett back then in 1988, but that was probably the very first time, my consciousness came in touch with his investment sphere, even not knowing, who is behind that company.

 

The first 3 books about him, I had bought in the mid-90's were from

Kilpatrick ("Warren Buffett: The Good Guy of Wall Street  (~1995)),

Lowenstein ("Buffett: The Making of an American Capitalist" (~1995)) and 

Hagstrom ("The Warren Buffett Way" (~1995)).

 

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Andrew Kilpatrick - web site

Of Permanent Value  - The Story of Warren Buffett

http://www.andykilpatrick.net/

 

Andrew Kilpatrick @ Amazon

http://www.amazon.com/s/ref=ntt_at_ep_srch?_encoding=UTF8&sort=relevancerank&search-alias=books&field-author=Andrew%20Kilpatrick

 

Andrew Kilpatrick @ Facebook

https://www.facebook.com/profile.php?id=1169586801

 

Marlin Stockwell page about Andy's book

http://marlinsweb.com/andy_kilpatrick_new_book_2011.html

 

 

[west]

So, dumb question.  With so many editions out, which one do you guys recommend :D ?  I've looked into getting Of Permanent Value before, but I've been just overwhelmed by the number of editions out there.

[Liberty]

So, dumb question.  With so many editions out, which one do you guys recommend :D ?  I've looked into getting Of Permanent Value before, but I've been just overwhelmed by the number of editions out there.

 

It's like a Wikipedia entry. The new ones build on the past ones. Just get the latest one and enjoy  8)

[berkshiremystery]

So, dumb question.  With so many editions out, which one do you guys recommend :D ?  I've looked into getting Of Permanent Value before, but I've been just overwhelmed by the number of editions out there.

 

Here you go, I have presorted for you by publication date, the latest on top of the table:

 

just buy the latest edition of 2011  :)

 

http://www.amazon.com/s/ref=ntt_athr_dp_sr_1?_encoding=UTF8&sort=relevancerank&search-alias=books&field-author=Andrew%20Kilpatrick#/ref=sr_st?qid=1314831263&rh=n%3A283155%2Cp_27%3AAndrew+Kilpatrick&sort=daterank

 

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April 2011

 

Of Permanent Value: The Story of Warren Buffett - 2011 Edition - Travel and Adventure Edition

http://www.amazon.com/Permanent-Value-Warren-Buffett-Adventure/dp/1578646456/ref=sr_1_1?s=books&ie=UTF8&qid=1314853879&sr=1-1

http://ecx.images-amazon.com/images/I/51Eb20A2TeL._SL500_AA300_.jpg

 

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April 2010

 

Of Permanent Value: The Story of Warren Buffett - 2010 Edition - A Trilogy Edition (three-volume set)

http://www.amazon.com/Permanent-Value-Buffett-Trilogy-Three-/dp/1578645999/ref=sr_1_2?s=books&ie=UTF8&qid=1314854227&sr=1-2

http://ecx.images-amazon.com/images/I/512ultiqwXL._SL500_AA300_.jpg

 

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April 2009

 

Of Permanent Value: The Story of Warren Buffett - 2009 Edition - Woodstock Edition (two-volume set)

http://www.amazon.com/Permanent-Value-Warren-Buffett-Woodstock/dp/1578645298/ref=sr_1_3?s=books&ie=UTF8&qid=1314854227&sr=1-3

http://ecx.images-amazon.com/images/I/51YaeKhEjUL._SL500_AA300_.jpg

 

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March 2008

 

 

Of Permanent Value: The Story of Warren Buffett - 2008 Edition - Cosmic Edition (two-volumes set)

http://www.amazon.com/Permanent-Value-Warren-Buffett-volumes/dp/1578644550/ref=sr_1_7?s=books&ie=UTF8&qid=1314854227&sr=1-7

http://ecx.images-amazon.com/images/I/51I%2B9v-oHsL._BO2,204,203,200_PIsitb-sticker-arrow-click,TopRight,35,-76_AA300_SH20_OU01_.jpg

 

 

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[seshnath]

[amazonsearch]Of Permanent Value - Andrew Kilpatrick[/amazonsearch]

 

This was the first book on Buffett I read many years ago, and Andy's book gets better year after year.  Every long-term Berkshire shareholder should definitely have a copy. 

 

Full of wonderful, insightful stories on Berkshire and Buffett, and how he influenced so many others.  The book is also full of hundreds and hunderds of pictures.  Cheers!

 

Isn't there a few pages in there about a guy named Sanjeev Parsad?  ;D

[John Hjorth]

I'm bumping this topic up, because it is definitely worth it, in my humble opinion.

 

I received my copy of the 2017 Edition a few days ago, and I just have to say - already - after having read only a few pages - that this book - for long term Berkshire investors - like mentioned now more than 5 years ago in this topic by Sanjeev - is a "must have" thing.

 

It's an overwhelming experience for me reading this book.

 

It's not just "a book" in its ordinary and normal meaning. It's a screen shot of a long term ongoing book project, based on sincere interest and dedication from Mr. Kilpatrick - almost bordering to some kind of obsession - in a positve way.

 

Most likely it will be autumn before I have finished reading this gem.

 

Thank you to marlin, longinvestor and Sanjeev for guiding me in the direction of this book.

[Jurgis]

How much info you lose if you buy just 2017 book and don't have e.g. 2011 book? I.e. is the book just expanding year to year or do things get removed in new editions too?

 

 

 

 

 

 

I have a 1998 version haha.

 

Really haha.

[John Hjorth]

It's not totally clear for me scrutinising the table of content, compared with a page in the book describing some of the newest editions of the book. The former editions are described as having themes. It's not obvious to me, that some of those former themes are actually still there in the 2017 edition.

 

Mr. Kilpatricks e-mail adress is actually in the book. I will write to him and hope for a reply, and eventually get back about his response here, if I get one.

 

Personally, I think he could on running basis sell much more copies of former editions, if he wanted to, and if there are ommisions in new editions compared to the last.

 

Then he should just use www.lulu.com, like Max on here with the Berkshire Shareholder Letter compilations. Perhaps he can't do or don't want that because of his agreement with his publisher.

 

- - - o 0 o - - -

 

This book is simply my new blanket!

[John Hjorth]

I wonder if we have experienced the last edition of this book? - It's now materially more than two years since last [major] edition.

[Guest longinvestor]

I wonder if we have experienced the last edition of this book? - It's now materially more than two years since last [major] edition.

 

Hopefully it’s the last edition! Nothing against AK but there have been a number of books over the past few years; Like Cunningham, which have moved us from the past to a future orientation. Besides this book is bloody heavy. Be careful using it as a blanket, could crush one’s lungs and heart.

[John Hjorth]

New Green Elephant Edition on its way - [Amazon ETA February 20^th 2020][ - And no, I don't think I'm hallucinating [ <- [ ; - D]]].

 

- - - o 0 o - - -

 

longinvestor, there is nothing forcing you to buy it. [ : - ) ]

[NoCalledStrikes]

I'm waiting for the unabridged version.

[John Hjorth]

To this day I'm still wondering if the 2020 [green] Elephant Edititon was the last one from Mr. Kilpatric?

 

From reading the CoBF board here during many years, I specifically remember a person posting here on CoBF by the name Marlin, at each new edition since I joined CoBF, and from posts other places here on CoBF [I think it was by Sanjeev [ @Parsad ] , actually I have gathered the perception that Marlin is one of those very rare and early Berkshire investors who have had a very joyfull - and lucrative - ride on the back of their Berkshire shares!? - Andrew Kilpatrick beeing another one of them!

[Parsad]

21 hours ago, John Hjorth said:

To this day I'm still wondering if the 2020 [green] Elephant Edititon was the last one from Mr. Kilpatric?

 

From reading the CoBF board here during many years, I specifically remember a person posting here on CoBF by the name Marlin, at each new edition since I joined CoBF, and from posts other places here on CoBF [I think it was by Sanjeev [ @Parsad ] , actually I have gathered the perception that Marlin is one of those very rare and early Berkshire investors who have had a very joyfull - and lucrative - ride on the back of their Berkshire shares!? - Andrew Kilpatrick beeing another one of them!

 

Marlin was a Yellow BRK'er...was a BRK shareholder going back to at least the very early 1990's if not earlier.

 

Putting "Of Permanent Value" together is a lot of work for Andy.  He then began self-publishing a long time ago.  The two together make for a heavy burden...especially when Berkshire keeps growing, changing and adding more businesses!

 

Cheers!

[John Hjorth]

Thanks, Sanjeev [ @Parsad ],

 

Marlin was a person of few words and posts here on CoBF, when he was active years ago. He mentioned once Mr. Kilpatrick had a website with a link to it, too. It's now gone. Maybe one day I'll try to send an e-mail to Mr. Kilpatrick asking my questions.

[Parsad]

Marlin was pretty much like that in real life too!  He posted more when they had their AOL BRK Board...long, long time ago in a galaxy far away!

 

Andy is one of the nicest people you will ever meet.

 

Cheers!

[John Hjorth]

Based on the exchange in the CoBF Berkshire Hathaway Forum, topic 'General News' lately about this book, I have now asked Mr. Kilpatrick if he has discontinued his activity with revising the book to new editions for selfpublishing.

 

It would certainly not come as a surprise if that actually was the situation, and he thereby has decided to call it a day. Let's see if I get any reply to my e-mail.

[John Hjorth]

I've got this reply within 12 minutes of sending my own e-mail :

 

Quote

John, Thank you for your very nice note. You are right that the 2020 edition was the last one published. Have been working on the next one ever since, but it’s getting to be slower going. Like to get another edition out this year or next. I hope. Not a great answer, but it is in the works. Thanks for writing. All the best, Andy

 

To me personally, this is great news.

[Parsad]

On 4/5/2024 at 6:26 AM, John Hjorth said:

I've got this reply within 12 minutes of sending my own e-mail :

 

 

To me personally, this is great news.

 

Whenever the new one comes out, I'm sure lots of people will be buying because there will be a ton of new stuff in there!  Cheers!

[Maverick47]

12 minutes ago, Parsad said:

 

Whenever the new one comes out, I'm sure lots of people will be buying because there will be a ton of new stuff in there!  Cheers!

Agreed!  Thanks to @John Hjorth for reaching out to Andy!

[John Hjorth]

12 hours ago, Maverick47 said:

Agreed!  Thanks to @John Hjorth for reaching out to Andy!

 

You're welcome, @Maverick47,

 

When the new edition may be out, I personally think it may be time for some serious scalping & reselling!

 

For now years, I've tried to pick up the blue edition that was released between the red 2017 World Wide edition and the green 2020 Elephant edition! Never met a second hand price that I would consider acceptable.

 

-Furthermore, Mr. Kilpatrick could in my view make a killing by reprinting all earlier editions.

Edited April 9 by John Hjorth

[schin]

8 hours ago, John Hjorth said:

 

You're welcome, @Maverick47,

 

When the new edition may be out, I personally think it may be time for some serious scalping & reselling!

 

For now years, I've tried to pick up the blue edition that was released between the red 2017 World Wide edition and the green 2020 Elephant edition! Never met a second hand price that I would consider acceptable.

 

-Furthermore, Mr. Kilpatrick could in my view make a killing by reprinting all earlier editions.

 

@John Hjorth

Are there any segments that were removed in the latest editions or only present/discussed in the early editions?

[John Hjorth]

13 hours ago, schin said:

 

@John Hjorth

Are there any segments that were removed in the latest editions or only present/discussed in the early editions?

 

Yes. Segments have been removed between editions.

 

- - - o 0 o - - -

 

I's actually the scope of my work in progress Ph.d. thesis in the works now for many years, that I'll deliver and submit to the University of Southern Denmark at the given moment when done for approval : Know anything - down to the tiniest detail of an area so specialized that it does not really matter to anyone but yourself.

 

The thesis is by now called 'A comparative analysis of the editions of 'Of Permanent Value' by Andy Kilpatrick 1994 - 202x' Because of requirements for written documention, I now expect the thesis to contain ~ 50,000 pages. [J/K]

 

So much for being a Berkaholic.