Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing

( 1 )

Overview

“Many books about Warren Buffett describe him as simply a ‘value’ investor. Jain gives us a clearer understanding of the techniques of the man known as ‘the world’s greatest investor’ and shows that his investment principles are consistent with many of the precepts of modern financial theory.”
BURTON MALKIEL, Professor, Economics Department, Princeton University; author of A Random Walk Down Wall Street and The Elements of Investing

“This is required reading for all Buffettologists looking for more than just ...

See more details below
Hardcover
$19.00
BN.com price
(Save 32%)$27.95 List Price

Pick Up In Store

Reserve and pick up in 60 minutes at your local store

Other sellers (Hardcover)
  • All (11) from $7.99   
  • New (7) from $16.51   
  • Used (4) from $7.99   

Overview

“Many books about Warren Buffett describe him as simply a ‘value’ investor. Jain gives us a clearer understanding of the techniques of the man known as ‘the world’s greatest investor’ and shows that his investment principles are consistent with many of the precepts of modern financial theory.”
BURTON MALKIEL, Professor, Economics Department, Princeton University; author of A Random Walk Down Wall Street and The Elements of Investing

“This is required reading for all Buffettologists looking for more than just sound bites and folk wisdom in their quest to peer into the mind of one of the greatest investors of all time. Read this book slowly and savor every page while sipping a Cherry Coke!”
ANDREW W. LO, Harris & Harris Group Professor, MIT Sloan School of Management

“What better way to become a successful investor than to study the teachings of Warren Buffett? And, what better way to study those teachings than to read Buffett’s forty-year writings contained in his annual reports? Prem C. Jain jump-starts those lessons by culling Buffett’s most salient investment secrets and summarizes them in a wonderful and easy-to-read book.”
HOWARD M. SCHILIT, author of Financial Shenanigans; founder, Financial Shenanigans Detection Group

“Post the 2008-2009 financial crisis, everyone from New York to New Delhi is looking for investment advice. The advice has just arrived! Prem C. Jain’s lucid, accessible encapsulation of Buffett’s investment wisdom is a page-turner—it’s full of investment nuggets and entertaining anecdotes, and yet the write-up is faithful to economic theory. Buffett’s investment thesis is now out in the open, and therefore may a thousand Buffetts bloom!”
S.P. KOTHARI, Managing Director, Blackrock; Gordon Y Billard Professor of Management, Sloan School of Management, Massachusetts Institute of Technology

Read More Show Less

Product Details

  • ISBN-13: 9780470467152
  • Publisher: Wiley
  • Publication date: 3/29/2010
  • Edition number: 1
  • Pages: 304
  • Sales rank: 580,550
  • Product dimensions: 6.20 (w) x 9.10 (h) x 1.20 (d)

Meet the Author

PREM C. JAIN is the McDonough Professor of Accounting and Finance at the McDonough School of Business, Georgetown University, in Washington, D.C. He has previously taught at the Wharton School of the University of Pennsylvania and the Freeman School of Business at Tulane University. His research has been published in many prestigious finance and accounting journals including the Journal of Finance and the Journal of Accounting Research. Jain received a doctorate from the University of Florida and a master’s degree in applied economics from the University of Rochester. He is also a CPA in the state of Florida.

Read More Show Less

Table of Contents

Preface.

Acknowledgments.

Part One Introduction and Background.

Chapter 1 The Thrill of Investing in Common Stocks.

Chapter 2 1965–2009: Lessons from Significant Events in Berkshire History.

Part Two Buffett Investing = Value + Growth.

Chapter 3 Value Investing—It's Like Buying Christmas Cards in January.

Chapter 4 Growth Investing.

Chapter 5 Intrinsic Value.

Chapter 6 Buffett Investing = Value + Growth.

Part Three Other People’s Money.

Chapter 7 Insurance—Other People’s Money.

Chapter 8 Reinsurance: More of Other People’s Money.

Chapter 9 Tax Deferment: Interest-Free Loans from the Government.

Part Four Success in Retailing, Manufacturing, and Utilities.

Chapter 10 If You Don’t Know Jewelry, Know Your Jeweler.

Chapter 11 Compete Like Mrs. B.

Chapter 12 Why Invest in Utility Companies?

Chapter 13 High Profits in Honest-to-Goodness Manufacturing Companies.

Part Five Risk, Diversification, and When to Sell.

Chapter 14 Risk and Volatility: How to Think Profitably About Them.

Chapter 15 Why Hold Cash: Liquidity Brings Opportunities.

Chapter 16 Diversification: How Many Baskets Should You Hold?

Chapter 17 When to Sell.

Part Six Market Efficiency.

Chapter 18 How Efficient Is the Stock Market?

Chapter 19 Arbitrage and Hedge Funds.

Part Seven Profitability and Accounting.

Chapter 20 M = Monopoly = Money.

Chapter 21 Who Wins in Highly Competitive Industries?

Chapter 22 Property, Plant and Equipment: Good or Bad?

Chapter 23 Key to Success: ROE and Other Ratios.

Chapter 24 Accounting Goodwill: Is It Any Good?

Part Eight Psychology.

Chapter 25 How Much Psychology Should You Know?

Chapter 26 How to Learn from Mistakes.

Part Nine Corporate Governance.

Chapter 27 Dividends: Do They Make Sense in This Day and Age?

Chapter 28 Should You Invest in Companies That Repurchase Their Own Shares?

Chapter 29 Corporate Governance: Employees, Directors, and CEOs.

Chapter 30 Large Shareholders: They Are Your Friends.

Conclusion B = Baseball = Buffett.

Appendix A Summary of the Book.

Notes.

About the Author.

Index.

Read More Show Less

Customer Reviews

Average Rating 5
( 1 )
Rating Distribution

5 Star

(1)

4 Star

(0)

3 Star

(0)

2 Star

(0)

1 Star

(0)

Your Rating:

Your Name: Create a Pen Name or

Barnes & Noble.com Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & Noble.com that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & Noble.com does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at BN.com or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation

Reminder:

  • - By submitting a review, you grant to Barnes & Noble.com and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Noble.com Terms of Use.
  • - Barnes & Noble.com reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & Noble.com also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on BN.com. It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

 
Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously
Sort by: Showing all of 3 Customer Reviews
  • Posted March 23, 2010

    Buffett is both a Value & Growth Investor.

    Warren Buffett's investment strategy can be succinctly classified as a combination of value and growth investment styles. To accomplish growth while maintaining value, he emphasizes the importance of the people who manage companies rather than the companies themselves. In this book, Jain expands upon Buffett's annual letters to Berkshire shareholders (thousands of pages over the last 43 years) and uncovers the key elements that every investors should know. Readers will learn that, contrary to popular beliefs, Warren Buffett is not a pure value investor - Buffett's strategy includes principles of both value and growth strategies. They will learn why CEOs and others managing companies are more important than financial metrics or industry affiliations, as well as why appropriate psychological temperament is necessary to be a successful investor. They also will learn how Buffett thinks differently from others about portfolio diversification, market efficiency, and corporate governance.

    A great book for anybody interested in stock market investments and a must read for any "Buffetologist".

    Was this review helpful? Yes  No   Report this review
  • Anonymous

    Posted May 29, 2011

    No text was provided for this review.

  • Anonymous

    Posted July 9, 2011

    No text was provided for this review.

Sort by: Showing all of 3 Customer Reviews

If you find inappropriate content, please report it to Barnes & Noble
Why is this product inappropriate?
Comments (optional)