The Warren Buffett Way
How Warren Buffett Invest His towards The World 2nd Billionaire
Editorial Reviews
From Publishers Weekly
Starting with $10,000 in 1956 and today worth some $8.5 billion, with significant holdings in Coca-Cola, Capital Cities/ ABC and the Washington Post Company, Omaha, Nebr.-based Buffet is a major player on Wall Street. Financial consultant Hagstrom, who did not interview his subject but obtained permission to quote from his Berkshire Hathaway annual reports, here outlines Buffet's iconoclastic tenets for investing. Unlike many entrepreneurs who take over companies to sell them off in bits, Buffet buys and holds. He rejects the "efficient market theory"; he doesn't worry about the stock market; and he buys a business, not a stock. He manages with a small staff, no computers and a "hands off" strategy. Learning his secrets here, now the rest of us can do a Buffet?
From Library Journal
Hagstrom, a principal in a Philadelphia investment firm, describes the investment strategies and techniques used by Warren Buffett to realize enormous success as a professional investor. Aiming his analysis at the individual investor, Hagstrom reviews the influence of Buffett's mentors, Ben Graham and Philip Fisher, and illustrates Buffett's synthesis of their investment philosophies. Hagstrom provides case studies of Buffett's major investments, showing the qualities of the companies that had appeal. Buffett's investment philosophy espouses long-term investing, respect for good management, and recognition of the value of a business franchise. This insightful work is a worthwhile complement to Graham's classic writings, considered essential for new investors.Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.
Customer Reviews
Buy this book if you are looking for a very basic book to start learning Warren Buffett's investing style. You will only get information on the companies he has purchased and their performance and a very basic explanation on why Mr. Buffett thought they were such great values when he bought them.There is no technical explanation here on how to figure book value or how to find your own value stocks. It reads like "The history of Warren Buffett" not "How to invest like Warren Buffett". Click The More Info link To See More Information!
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