The Warren Buffett Way
by Robert G. Hagstrom (Author), Howard Marks (Foreword), Bill Miller (Foreword), Peter Lynch (Foreword), Kenneth L. Fisher (Introduction)
"[This] book's popularity is a testimony to the accuracy of its analysis and the value of its advice." —BILL MILLER, Chairman and CIO, LMM, LLC
"A comprehensive primer on applying Buffett's investment strategy to the new economy." —Fortune
"For readers of The Warren Buffett Way, I hope I can provide a very personal look into an important piece of investment history and some thoughts on how to best use this wonderful book. There is little I will say about Mr. Buffett since that is the subject of this book and Robert Hagstrom covers that ground with grace and insight."—KEN FISHER, from the Introduction
Warren Buffett is the most famous investor of all time and one of today’s most admired business leaders. He became a billionaire and investment sage by looking at companies as businesses rather than prices on a stock screen. The first two editions of The Warren Buffett Way gave investors their first in-depth look at the innovative investment and business strategies behind Buffett's spectacular success. The new edition updates readers on the latest investments by Buffett. And, more importantly, it draws on the new field of behavioral finance to explain how investors can overcome the common obstacles that prevent them from investing like Buffett.
New material includes:
- How to think like a long-term investor – just like Buffett
- Why "loss aversion", the tendency of most investors to overweight the pain of losing money, is one of the biggest obstacles that investors must overcome.
- Why behaving rationally in the face of the ups and downs of the market has been the key to Buffett's investing success
- Analysis of Buffett's recent acquisition of H.J. Heinz and his investment in IBM stock
The greatest challenge to emulating Buffett is not in the selection of the right stocks, Hagstrom writes, but in having the fortitude to stick with sound investments in the face of economic and market uncertainty. The new edition explains the psychological foundations of Buffett's approach, thus giving readers the best roadmap yet for mastering both the principles and behaviors that have made Buffett the greatest investor of our generation.
ASIN : B00FAMMZN8
Publisher : Wiley; 3rd edition (September 13, 2013)
Publication date : September 13, 2013
Language : English
File Format 1: EPUB, 3.98 MB
FIle Format 2: PDF, 3.23 MB
Text-to-Speech : Enabled
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Enabled
Word Wise : Enabled
Print length : 388 pages