Continuing on my theme of getting investing "back to business": In my opinion, young value investors like me spend too much time studying investors and and investing and not enough time studying businessmen and businesses.
Here is a businessman and a business worth studying: James G. Boswell II, a California cotton baron who recently died. Here is his obituary in the New York Times, and here is a book about him. I can't think of a more terrible business than "American cotton farming" and yet Boswell made a great success of it. If he'd housed it all in a limited partnership with outside investors, charged 2 and 20 and called it "Boswell Capital Management," it might have been one of the most successful hedge funds ever.
Update: Another obituary from the LA Times.