The Warren Buffett Way Paperback – Oct 4 2005
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As one of the world's most successful investors, the modest Mr Buffett and his strategies are a recipe for success.' (The National Personal Finance, October, 2010). --This text refers to an out of print or unavailable edition of this title.
From the Inside Flap
A decade has passed since the book that introduced Warren Buffett to the worldThe Warren Buffett Way by Robert Hagstromfirst appeared. Since then, Buffett has solidified his reputation as the greatest investor of all timequietly amassing a multibillion-dollar fortune, despite the wild fluctuation of the markets.
Although Buffett has claimed time and again that what he does is not beyond anybody elses competence, some people still do not understand how this value investing legend can consistently perform so well. Thats where Robert Hagstrom and the Second Edition of The Warren Buffett Way come in. This completely revised and updated look at the Oracle of Omaha encompasses Buffetts numerous investments and accomplishments over the past ten years, as well as the timeless and highly successful investment strategies and techniques he has always used to come out a market winner.
Rather than presenting Buffetts strategies by stock purchasesas he did in the first editionHagstrom makes "Buffetts Way" more accessible to you, the individual investor, by presenting Buffetts basic tenets of investing and illuminating these principles with relevant and up-to-date examples from Buffetts investments, including common stocks, private companies, and high-yield bonds.
Standing far above the market madness, this timely guide distills the wisdom and insight of the worlds greatest investor. It skillfully . . .
- Presents a brief history of Buffett from boyhood to Berkshire Hathaway, and reveals the individuals and events that shaped his investing philosophy
- Outlines the business, management, finance, and value tenets that make up the core of Buffetts investing approach
- Examines Buffetts ongoing process of managing a portfolio from knowing which stocks to hold, and for how long, to deciding if, when, and how to cash out some investments and move into others
- Discusses the psychology of money and how Buffett uses this concept to avoid common investment mistakes and recognize other peoples mistakes in time to profit from them
Change is constant, but the investment principles outlined in this book have remained the same. In an environment that seems to favor the speculator over the investor, Buffetts investment advice has proven, time and again, to be a safe harbor for millions of lost investors. No one understands Warren Buffett like Robert Hagstrom, and in the Second Edition of The Warren Buffett Way, Hagstrom will help youwhether youre a seasoned investor or just getting startedunderstand and employ the investment strategies that have made Buffett so successful for over five decades.--This text refers to an out of print or unavailable edition of this title. See all Product Description
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Top Customer Reviews
The book doesn't feel very organize and it looks like it was put together by cut-and-paste from a number of different articles.
And what did I learn? I learned that I am not Warren Edward Buffett. Unlike Mr. Buffett, whose circle of associates includes all of the Beautiful People of Corporate America, I am surrounded by ordinary people, more than a few of whom are looking for a way to get rich quick. Whereas Mr. Buffett is patient and thoughtful with his investments, most of the people I encounter are thoughtless and reckless with their gambles. These two things, which I increasingly began to ponder as I read this book, distinguish me from the Oracle of Omaha, and quite possibly from most readers of this book.
The book consists of nine chapters, and is mostly historical in nature. It details many of Buffett's past exploits in the stock market, mostly the good moves but also some bad ones, and offers some of the principles guiding Mr. Buffett's stock investing strategy, grouped into three classes called Management, Financial and Market Tenets. The first four chapters of the book delve into the early history of Berkshire Hathaway, the key influences on Mr. Buffett which helped to shape his investment philosophy, Mr. Buffett's perspective on the financial markets, and the principles by which he goes about purchasing a business.Read more ›
Second, this book proves that Mr. Buffet beat Mr. Market most of the time under normal circumstances. In abnormal circumstances, Mr. Market could beat Mr. Buffet. Abnormal circumstances would exist if Mr. Market went into a long, deep depression (like he did in the 1930's and dropped in value by 90%). And could a second terrorist attack similar to 9/11 cause Mr. Market to panic and create abnormal circumstances in the economy?
No matter how good the company, Mr. Market can and will hurt the value of its stock. If there is another terrorist attack like 9/11, Mr. Market will panic and Coca Cola, Washington Post, GEICO, etc., would all suffer terribly.
Most recent customer reviews
It was nice to make a purchase from you guys. Hope so in future too. Have a good weekend sir.Published on June 19 2014 by Ajay Gandhi
This book is good for beginners. You can have the same information by just reading the Berkshire Hathaway annual reports. The autors good have gone deeper on value investing. Read morePublished on April 26 2013 by Amazon Customer
The definitive book about Warren Buffet. Robert G. Hagstrom describes like nobody the habits that made Warren the master of investments.Published on Jan. 26 2013 by Camilo
This was a great book to read. I liked that it was written about Buffet, and not by Buffet. Doing this gave a bit more insight from an external perspective and also highlighted... Read morePublished on Jan. 15 2011 by ibmasterblaster
Forget B-school, read this book. Seriously, a great introduction to value investing and the Buffett mentality of risk. Read morePublished on June 22 2004
After reading this book, I have seen the errors in my ways.
I have discovered that the only way to real power is becoming a day trader. Read more
For $9.99 this book is a steal. This book is full of good information on buying stocks. When I read a book, I underline any information I think is worth re-reading. Read morePublished on Oct. 28 2003