The Warren Buffett Way / Edition 2
  • The Warren Buffett Way / Edition 2
  • The Warren Buffett Way / Edition 2

The Warren Buffett Way / Edition 2

3.5 12
by Robert G. Hagstrom
     
 

A decade has passed since the book that introduced Warren Buffett to the world–The Warren Buffett Way by Robert Hagstrom–first appeared. Since then, Buffett has solidified his reputation as the greatest investor of all time–quietly amassing a multibillion-dollar fortune, despite the wild fluctuation of the markets.

Although Buffett has claimed

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Overview

A decade has passed since the book that introduced Warren Buffett to the world–The Warren Buffett Way by Robert Hagstrom–first appeared. Since then, Buffett has solidified his reputation as the greatest investor of all time–quietly 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 else’s competence, some people still do not understand how this value investing legend can consistently perform so well. That’s 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 Buffett’s 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 Buffett’s strategies by stock purchases–as he did in the first edition–Hagstrom makes "Buffett’s Way" more accessible to you, the individual investor, by presenting Buffett’s basic tenets of investing and illuminating these principles with relevant and up-to-date examples from Buffett’s 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 world’s 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 Buffett’s investing approach
  • Examines Buffett’s 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 people’s 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, Buffett’s 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 you–whether you’re a seasoned investor or just getting started–understand and employ the investment strategies that have made Buffett so successful for over five decades.

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Product Details

ISBN-13:
9780471648116
Publisher:
Wiley
Publication date:
10/08/2004
Series:
Wiley Investment Classic Series, #30
Edition description:
REV
Pages:
272
Product dimensions:
6.36(w) x 9.31(h) x 1.01(d)

Table of Contents

Foreword to the second edition
Foreword to the first edition
Introduction
1The world's greatest investor1
2The education of Warren Buffett11
3"Our main business is insurance" : the early days of Berkshire Hathaway29
4Buying a business41
5Investing guidelines : business tenets61
6Investing guidelines : management tenets81
7Investing guidelines : financial tenets109
8Investing guidelines : value tenets121
9Investing in fixed-income securities141
10Managing your portfolio157
11The psychology of money177
12The unreasonable man189
Afterword : managing money the Warren Buffett way199

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