The New Buffettology: How Warren Buffett Got and Stayed Rich in Markets Like This and How You Can Too! Hardcover – Sep 24 2002
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Jeremy Utton chairman, Analyst Investment Management Buffettology was a revelation and by far the best book ever written about Warren Buffett's investment techniques. Simple, clear, and wonderfully effective in practice, it put us on a whole new track to the creation of long-term stock market wealth. My copy never leaves my desk. Now I have to make room for another because The New Buffettology is an equally groundbreaking, must-have book for all serious investors.
Business Week A probe inside the head of a financial genius.
About the Author
Mary Buffett is a bestselling author, international speaker, entrepreneur, political and environmental activist. Ms. Buffett appears regularly on television as one of the top finance experts in America. She has been the principal speaker for prestigious organization around the world. Ms. Buffett has worked successfully in a wide range of businesses including extensive work as a consultant to several Fortune 500 companies. She lives in California.
David Clark holds degrees in both finance and law, and in the late seventies was the founding member of the original Buffettologists - a small group of early Berkshire shareholders who studied the investment methods of Warren Buffett. He is now recognized as one of the world's leading authorities on the subject and has written extensively on it. He lives in Warren Buffett's hometown, Omaha, Nebraska, and is the Managing Director of a private investment partnership.
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Top Customer Reviews
The good: Mary Buffett is very specific about what factors she believe Warren Buffet considers whe selecting a stock, and she gives examples and lots of info to explain it.
The "could be better":
1) She is so close, but does not give precise formulae for each factor, or uses a vague term at a critical spot. It took me many weeks and many more books to fill in the gaps to where I could develop a complete analysis of a stock.
2) It would be a great assist to give an example of how to use a data source such as Value Line to plug into her analysis steps. Formulae and data elemts from a specified source would make this book priceless.
As solid and treu to Buffett as this book is, I cannot believe Mary Buffett didn't follow-up with a website, newsletter service, analysis software, speaking engagements, etc. She has divulged more specifics about warren Buffett's value investing method then anyone else I could find, yet has not pursued the real cash cows that could come from it.
Read this book a few times, and carefully work through to develop the complete calculations (don't be lazy now!), combine it with a 90-day trial of Value Line and you will be able to quickly filter hundreds of stocks down the best values for the next year!Read more ›
Customer monopolys provide perdictable retain earnings, year after year, because of their positioning in the market. Customer monopolys are unlikely to be upset by a competitor in the same market space. Buffettology seeks to analyze companies with a toll-bridge business model, these are reoccurring services and provides that drive sustained revenue. The test for customer monopoly is determined by who much a investment banker will fund, if you should gain ownership rights for startup.
2. Are the earnings of the company strong and showing an upward trend?
The central theme of Buffettology is measure what the company does with its retain earnings long term. Working Capital=Current Liabilities less Assets, Return on Equity= Net Income/Working Capital * 100, and Earnings per Share = Net Income / shares.
Consistent retained earnings demostrates strength in the sector. Dividend payments diminishes the earning strength caused by taxation on the payment. Companies who year after year maintain above average return on equity demonstrate they know too get a return on their retained earnings investments. Consistent retain earning levels make long term prediction possible. Consumer monopolys create barieers for other competition factions to take away business. Knowing a predictable return on investment creates confidence and provides leveraging motivations for external investment.
Buying low priced securities helps increases the rate of return. Invest from an financial or accounting business perspective. Wait for the market to go down, to get the right price. Diversity does not necessarily product return on investment. All you need to know what to buy and at what price.Read more ›
Most recent customer reviews
One of the discussings in the Book centers around determining the Present Value of Money for a Bond. Bond interest maybe payable at annual, semiannual, or quarterly intervals. Read morePublished on Jan. 9 2004 by Golden Lion
This book is an improved version of their original. Particularly better was the coverage on what makes a durable competitive advantage. Read morePublished on April 1 2003 by John C. Dunbar
There are a number of very important lessons in the book,the most important being that Buffett is not a contrarian for the sake of it - his contrarianism is extremely SELECTIVE,and... Read morePublished on March 27 2003 by prutemp
This is a useful starting book for beginners who like to dig gold in the stock market. It tries to sell its ideas including "long term investment","selective contrarian... Read morePublished on March 9 2003
Please see my review of the original Buffettology. The comments there largely apply here also. This second book is supposedly written with a down market in mind whereas the first... Read morePublished on March 5 2003 by James H. McDuffie
I agree with other reviewers that Buffettology is probably the best book ever written on investing. The New Buffettology expands into some new "Buffett" territory that I have... Read morePublished on Dec 20 2002
This book does not offer anything new in relation to investing techniques than in the original 'buffettology' (to be fair, the original 'buffettology' was an excellent book). Read morePublished on Nov. 11 2002 by Vien Ho
Finally! I've been searching high and low for a good, solid blueprint to guide my investment decisions during this current stock market tsunami. Read morePublished on Oct. 7 2002 by Emily Petrou
Great book - tons of info - good read - heartily recommend it! I was skeptical at first but it really does deliver - adding even more to the first book's wealth of information. Read morePublished on Oct. 4 2002 by MARTIN J MAGNUSON
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