- Shopping Bag ( 0 items )
-
Anonymous
Posted July 5, 2003
An excellent tool for the individual investor...
Written by Mary Buffett, former daughter-in-law of Warren Buffett, and David Clark, a portfolio manager, 'The Buffettology Workbook' is the best investment I¿ve ever made. The financial formulas you¿ll find in this book are all the ones they should teach in business school, but don¿t. The book is broken down into 23 chapters, each no more than a few pages, so you can read a chapter a day (and continue to review the chapters for the rest of your investing career). The first seven chapters give a breakdown of Warren¿s investment philosophy, value investing. Here, you learn about the short-sightedness of the market and the bad news phenomenon. Also, the authors identify the difference between commodity-type businesses and consumer monopolies, and tell you why it¿s far better to own consumer monopolies. Once you understand these concepts, you¿re halfway toward success as an investor. Now, you need to learn how to identify the correct buying opportunity. That¿s where the true value of this book comes into play, offering formulas and equations you won¿t find most books. The remaining chapters in the book focus on the examination of financial statements, the acquisition of pertinent information (what¿s important and what¿s not), then they tell you how determine an investment¿s desirability. You¿ll learn the value of high rates of return on shareholder equity, how to measure management¿s ability to utilize retained earnings, and Warren¿s ideas for the Internet and short-term arbitrage commitments. I read this book beginning to end the day I got it, but I¿ll continue to familiarize myself with its formulas for the rest of my investing career. Although it marks only the beginning of one¿s investment knowledge, learning these bedrock principles are what separate successful investors from mere average ones... Buy this book! >>>> Britt Gillette, Author of 'Conquest of Paradise: An End-Times Nano-Thriller'
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.