Insights on Warren Buffett From His Friend and Editor
by Charles Rotblut, CFA and Carol Loomis
Carol Loomis is a senior editor-at-large for Fortune and author of “Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2012” (Portfolio Hardcover, 2012), published last November. I spoke to Carol recently about Buffett’s annual Berkshire Hathaway shareholder letter, which she edits, and about her sense of Buffett’s attitudes and methods.
Charles Rotblut (CR): Could you describe your relationship with Warren Buffett? I don’t think people realize that it goes beyond you being a senior editor at Fortune magazine who has written about him.
Carol Loomis (CL): I’ve known Warren since 1967, when I met him through my husband, who was a securities salesman who had called on Warren. He, his wife, my husband and I became good friends from then on. He has a group of people that meets every couple of years, and we were invited into that group. So I’ve known Warren for a long time. My husband and I are also Berkshire Hathaway shareholders. And the final connection is that beginning in 1977, Warren revamped his annual chairman’s letter and he asked me to take a look at it. Since then—for the last 36 years—I have been his pro-bono editor. So those are my other Buffett connections: friend, shareholder and editor of his annual chairman’s letter.
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Carol Loomis is a senior editor-at-large for Fortune and author of "Tap Dancing to Work: Warren Buffett on Practically Everything, 1966-2012" (Portfolio Hardcover, 2012) .