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The Warren Buffett Way, Second Edition (Paperback)
by Robert G. Hagstrom (Author) , Bill Miller (Foreword) , Kenneth L. Fisher (Introduction)
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Investing |
| Market price: ¥ 168.00
MSL price:
¥ 148.00
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Pre-order item, lead time 3-7 weeks upon payment [ COD term does not apply to pre-order items ] |
MSL rating:
 Good for Gifts |
| MSL Pointer Review:
It is both a fascinating read and a valuable resource for investors and business leaders - see how "the Most Famous Investor" and "the richest person in America " evaluate the worth of a company. |
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Author: Robert G. Hagstrom (Author) , Bill Miller (Foreword) , Kenneth L. Fisher (Introduction)
Publisher: Wiley
Pub. in: October, 2005
ISBN: 0471743674
Pages: 272
Measurements: 8.9 x 6 x 0.8 inches
Origin of product: USA
Order code: BA00815
Other information: 2nd edition
ISBN-13: 978-0471743675
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- Awards & Credential -
A New York Times Bestseller, with over 1,000,000 sold, and it ranks the #1,916 in Books out of millions on Amazon.com as of June 5, 2007. |
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- MSL Picks -
"The Warren Buffett Way outlines his career and presents examples of how his investment techniques and methods evolved and the important individuals in that process. It also details the key investment decisions that produced his unmatched record of performance. Finally the book contains the thinking and the philosophy of an investor that consistently made money using the tools available to every citizen no matter their level of wealth." - from the Foreword by Peter S. Lynch Bestselling author, One Up on Wall Street and Beating the Street
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.
- From the publisher
Target readers:
Venture capitalists, entrepreneurs, and investment bankers
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- Better with -
Better with
Buffettology, The Previously Unexplained Techniques That Have Made WARREN BUFFETT the World’s Most Famous Investor
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Robert G. Hagstrom is Senior Vice President of Legg Mason Capital Management and the portfolio manager of the Legg Mason Growth Trust. He is a member of the CFA Institute and the Financial Analysts of Philadelphia. The Warren Buffett Way sold more than 1,000,000 copies worldwide and spent twenty-one weeks on the New York Times bestseller list. Robert lives with his family in Villanova, Pennsylvania.
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From the publisher
Buffett is back... and better than before!
A decade has passed since the book that introduced the world to Warren Buffett - The Warren Buffett Way by Robert Hagstrom - first appeared. That groundbreaking book spent 21 weeks on the New York Times Hardcover Nonfiction Bestseller list and sold over 1 million copies.
Since then, Warren Buffett has solidified his reputation as the greatest investor of all time - becoming even richer and more successful, despite the wild fluctuation of the markets. How does this value investing legend continue to do it? That's where Robert Hagstrom and the Second Edition of The Warren Buffet Way come in. This edition is a completely revised and updated look at the Oracle of Omaha - comprising 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. This edition is especially accessible as Buffett's basic tenets of investing are presented and illuminated with relevant and up to date examples.
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| View all 8 comments |
Alberto (MSL quote), USA
<2007-06-05 00:00>
This book opened a new door to me. I remember to grow ever more enthusiastic as I read through its pages for it showed me a whole new world. A gust of fresh air made me realize the overwhealming advantages of partly owning a great company in the stock market at a reasonable price as a small investor. I quit looking at the stock market as a simple casino and turned serious attention to it for long term investment. Not only did I find the studying of different companies by fundamentals and the process of investing very fun, but also financially very rewarding.
Today I want to thank from these pages Warren Buffett and Robert Hagstrom for contributing to the spread of financial common sense in a world where the lack of it is stunning. And above all, for the privilege to read this masterpiece on investing and get an insight of Warren Buffett investment style.
This book is strongly undervalued and should be bought by everyone that cares about his financial future. Strong buy recommendation. Full of wisdom and fun to read. And I owe to it my personal financial success, averaging 40% yield per year, just applying the investment principles taught here. |
Svetoslav (MSL quote), USA
<2007-06-05 00:00>
I was fascinated when I first read this book. It was during my junior year in college when I struggled to comprehend vague ideas such as covariance between stocks, portfolio variance, beta, etc. This book opened my eyes. It was like a fresh breath of air.
Hagstrom does a good job at introducing Warren Buffet's way of investing. The book is a mandatory reading for everyone who wishes to invest money in stocks.
As other reviewers pointed out, Hagstrom doesn't reveal anything new about Buffet's investment style. You can find the same information, and much more, from the source: The Berkshire Hathaway Annual Reports. Hagstrom, however, offers a well-written and fairly accurate presentation of what can be found in Buffet's letters to shareholders. It is a good introduction to value investing. |
A reader (MSL quote), USA
<2007-06-05 00:00>
I always thought that Warren Buffet made his fortune like every other crazy stockmarket freak, i.e until I read this book. Hagstrom explains how Buffet is able to rises above the market chaos. A must read for anyone interested in investing in the stockmarket. |
John (MSL quote), USA
<2007-06-05 00:00>
First published in 1994, ten years ago the Warren Buffett Way introduced us to the way he evaluated and chose stocks. Since that time, his magic has continued --he is number two on the Fortune list of the richest Americans, and the only one in the top five who made his fortune in the stock market.
His basic rule is very simple: invest in businesses that are simple and understandable, have a consistent operating history and have favorable long term prospects. Now, keep that in mind while the world is changing about you, while people are crashing airplanes into buildings, going to war in Iraq, through inflation, deflation, stock booms and busts, and all the personal troubles that we fall into.
This second edition is completely revised and brought up to date and includes two new chapters that help to update and revise his strategy. This is one of those books that you simply must be aware. |
View all 8 comments |
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