Authors: Robert G. Hagstrom, Bill Miller, Bill Miller (Foreword by), Ken Fisher
ISBN-13: 9780471743675, ISBN-10: 0471743674
Format: Paperback
Publisher: Wiley, John & Sons, Incorporated
Date Published: September 2005
Edition: Revised edition
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.
A decade has passed since the book that introduced Warren Buffett to the worldThe Warren Buffett Way by Robert Hagstromfirst appeared. Since then, Buffett has solidified his reputation as the greatest investor of all timequietly 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 elses competence, some people still do not understand how this value investing legend can consistently perform so well. Thats 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 Buffetts 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 Buffetts strategies by stock purchasesas he did in the first editionHagstrom makes "Buffetts Way" more accessible to you, the individual investor, by presenting Buffetts basic tenets of investing and illuminating these principles with relevant and up-to-date examples from Buffetts 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 worlds greatest investor. It skillfully . . .
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, Buffetts 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 youwhether youre a seasoned investor or just getting startedunderstand and employ the investment strategies that have made Buffett so successful for over five decades.
Robert Hagstrom presents an in-depth examination of Warren Buffett's strategies, and the 'how and why' behind his selection of each of the major securities that have contributed to his remarkable record of success. His 'homespun' wisdom and philosophy are also part of this comprehensive, interesting, and readable book.
Foreword to the second edition | ||
Foreword to the first edition | ||
Introduction | ||
1 | The world's greatest investor | 1 |
2 | The education of Warren Buffett | 11 |
3 | "Our main business is insurance" : the early days of Berkshire Hathaway | 29 |
4 | Buying a business | 41 |
5 | Investing guidelines : business tenets | 61 |
6 | Investing guidelines : management tenets | 81 |
7 | Investing guidelines : financial tenets | 109 |
8 | Investing guidelines : value tenets | 121 |
9 | Investing in fixed-income securities | 141 |
10 | Managing your portfolio | 157 |
11 | The psychology of money | 177 |
12 | The unreasonable man | 189 |
Afterword : managing money the Warren Buffett way | 199 |