you will never be warren buffet
Forget it. You will never be Warren Buffet. Accept it. Don't invest your money in stock market speculation: invest in your business, or yourself. Even if the stock market is your business, you're probably not going to pick stocks better than a computer. Nevertheless, if you want to know how Warren Buffet made his billions, this is a good primer.
This book also constantly reminds you to not get carried away: put your money in a S&P index fund, and get back to work. Stock speculation is only profitable for insiders with nearly illegal insider information, or people who work amazingly hard at it every day (like Buffett).
Very Good Insight On Buffett's Investment Strategy
Excellent book for those interested in learning how Warren Buffett values stocks and businesses. I really learned quite a bit for the first read now I'm reading it a second time to pick up on what I might have missed!
Excellent book!
Good thoughts, mediocre writing
I've had this book sitting on my shelf for a while. Purchased it then never got around to reading it. Finally, in the midst of this horrific market, I decided to give it a read, hoping for a fresh perspective.
The advice given in the book and the summary of Mr. Buffett's investing philosophy is valuable. Sound ideas that I've already started putting to use in setting myself up to recover from this abyss we find ourselves in these days. Problem is, the books writing is mediocre at best. The organization and style of writing make the book a difficult read to stick with.
Surprisingly, the best writing in the book, is his afterward where he reflects on how Buffett's philosophy has impacted his own investing strategies and career. He admits that using Buffett's philosophy straight may not be the best for the new economy, but that it can be applied to technology stocks, among others, with minor modification successfully. His original fund, which debuted, "coincidentally", with the first edition of this book, performed very poorly. He modified his investing philosophy after the first two years to include a broader range of funds.
There are probably better books on Buffett.
This Way is Compatible with His Way
Book review of The Warren Buffett Way
As I have been exploring economics from a variety of perspectives, it seemed only natural to read a book about one of the greatest investors of our time. I was pleasantly surprised by this book to learn that investing well was a rational and intelligent process and not just random chance.
Obviously, there are those who dispute that statement but I believe that the weight of Mr. Buffett's success is a powerful argument against them. I also believe that his value investing strategy is highly compatible with the Christian life. As his recent buying spree proves, value investing helps out companies, and consequently keeps thousands of people employed, when they are down and it punishes investors that artificially raise stock prices by selling companies that get too expensive. This process of buying at undervalued points and selling at overvalued points moderates the growth of a company, consequently reducing instability and maintaining a rational environment for the securities market. Given the recent market plummet, I'd rather let billionaires keep the market afloat than my tax dollars.
reprinted with permission from: http://naturalfamilylife.blogspot.com
Oracle of Omaha
Amidst the current market chaos, this book is more relevant than ever. Robert Hagstrom offers a largely historical overview of Warren Buffets exploits in the market over the past several decades - both good and bad ones, attempting to explain the guiding principles for each investment.
As you make your way through the book, it doesn't take long to grasp the recurring themes of value investing, good management, and competence in the area you invest in. The discussion on index, passive, and active investment strategies was especially interesting in the context of speculative vs. ownership viewpoints.
I have to admit, I've stayed away from the stock market, largely due to my own general ignorance of all the variables - even though I've taken courses, read and listened to books on strategies and numerous case studies. At times I've wondered if I was just being too risk averse for my own good, but I'm glad I've not given in because what implicitly held be back is exactly what Warren Buffet warns against: speculative investment.
Great read and highly recommended. I'm looking forward to learning more about Warren Buffet and Berkshire Hathaway.
