Buffett The Multicapitalist

This excerpt is from one of my favorite books of all time, Warren Buffett Wealth: Principles and Practical Methods used by World's Greatest Investor written by Robert P. Miles.

Most people think of a capitalist as employing capital to produce good and services at a profit. Buffett has redefined "capitalist" into multiple dimensions.

Intellectual Capital: The gift and development of extraordinary intelligence to deploy capital.

Values Capital: The careful selection of ethics and principles to attract and keep capital.

Value Capital: The artful acquisition of resources at a discount to their real capital.

Capital: Access to ever-increasing resources to allocate to their best use.

Human Capital: Selecting and associating with people who cause you to perform better.

Social Capital: Having the right connections for the right reasons to move in the circles that bring more and better deals.

Opportunity Capital: Being the first one called when a business opportunity meeting specific acquisition criteria becomes available.

Business Model Capital: Developing a business environment to attract an untold variety of businesses and managements under one umbrella.

Circle of Capital: Successfully allocating the excess capital of one business into the acquisition or expansion of another.

Influence Capital: Able to influence the U.S. Congress to give Salomon Brothers (a partly and previously owned company) another chance to save the jobs of over eight thousand associates. Also able to influence all branches of government: legislative, judicial, and administrative. Can attract over fifty worldwide media outlets to cover Berkshire's annual meeting, while giving limited access to interviews during the rest of the year.

Warren Buffett Wealth is an excellent book to read regardless of whether you are a new or experienced investor. I highly recommend it.



  1. I got so involved in this material that I couldn’t stop reading. Good work done by you. Patrick Hunout is the founder of The Social Capital Foundation (TSCF), which is an independent, non-profit, non-governmental organization focussing on current development in the industrial countries. For the more details you can visit on social capital foundation

  2. He and ten different people had been beforehand charged in a sealed indictment with violations of US federal legal guidelines referring to unlawful gambling. The transfer adopted a United States Department of Justice announcement that, in what some[who? Critics of the Justice Department's transfer say that it has no legal foundation for pressuring companies to take away commercials and that the commercials are protected by the First Amendment. In April 2005, 파라오바카라 Yahoo! instigated a restrictive coverage about gambling ads. The USDOJ has no authority to enact or interpret legal guidelines, including through announcement.