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newspaper moguls, Hollywood celebrities,

and Silicon Valley stars, with marquee

names such as Tom Hanks, Candice

Bergen, Barry Diller, Rupert Murdoch,

Steve Jobs, Diane Sawyer, and

Tom Brokaw.

In July 1999, according to Alice

Schroeder’s excellent biography of Buffett,

The Snowball, he was one of those

guests. He had attended year after year

with his entire family in tow, arriving

by Gulfstream jet and staying with the

other VIP attendees in a select group of

condos overlooking the golf course.

Buffett loved his annual vacation at Sun

Valley, regarding it as a great place for

his family to gather and for him to

catch up with old friends.

But this year the mood was different.

It was the height of the technology

boom, and there were new faces at the

table—the heads of technology

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