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Buffettology is the first audiobook from someone who, thanks to personal and professional access to Warren Buffett, has been uniquely positioned to learn from the master. Mary Buffett had the privilege -- during her twelve years as his daughter-in-law -- of sharing some of this very private genius' informal discussions of his ...
Buffettology is the first audiobook from someone who, thanks to personal and professional access to Warren Buffett, has been uniquely positioned to learn from the master. Mary Buffett had the privilege -- during her twelve years as his daughter-in-law -- of sharing some of this very private genius' informal discussions of his investing philosophy, and now she reveals her invaluable observations with us.
This is not another cut-and-paste of Warren Buffett's letters to shareholders of Berkshire-Hathaway, nor a biography filled with anecdotes; instead, it is designed to teach you Buffett's extraordinarily successful system of business perspective investing.
Buffettology is a detailed analysis of how Buffett commits capital to an investment only from a business perspective, the strategy that gives him the discipline to exploit the stock market's folly and how he selects companies that will generate extraordinarily reliable results. It answers the questions -- that for years seem to have eluded investment professionals and Buffettologists -- about how Warren Buffett turned $105,000 into $20 billion and became the world's most famous investor and stockpiler.
Posted May 14, 2010
If you are through with the mutual fund buy and hold strategy and the headaches of rental property, then you must read this book. Buffett daughter-in-law Mary Buffett and David Clark detail the tools that have made Warren Buffett the most successful stock investor of our time.
In Mary's own words:
1) Warren will invest long-term only in companies whose future earnings he can reasonably predict.
2) The business generally has excellent business economics working in its favor.
3) These excellent business economics are usually made evident by consistently high returns on shareholders' equity, strong earnings, the presence of a "consumer monopoly" and management that functions with the shareholders' economic interests in mind.
4) The price you pay will determine your ROI.
5) Warren chooses the kind of businesses he would like to be in and then lets the price of the security and thus his expected rate of return, determine the buy decision.
6) Investing in certain business with exceptional economics at the right price will produce an annual compounding return of 15% or better.
7) Buffett has found a way to acquire other's people money so that he can profit from his investing expertise.
If you want to open Warren Buffett's tool-box and peak inside, then you should read this book.
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