The Warren Buffett Way

Great book to have an overview of value investing and start your journey from here. I will definitely need to dive more into the specifics

I am not finished yet merely half-way into the book but I wanted to review this book; I just could not wait ;-) to tell you all about it. I am taking my time and digesting it all because the meat needs to be chewed, enjoyed and digested thoroughly. I am enjoying each aspect of this book and can't say enough...............I am loving this book.I have purchased several books pertaining to Buffett and have followed him and his work for a few years. I was interested in him not only because of his investments but his character is to be rewarded; money isn't everything. I have not finished the other books that I have purchased about him but want to be able to absorb this one first before moving forward into the others. Nor have I gotten a chance to delve into the website yet, I can't wait.This book helps you to see and delve into the ways into which Buffett processes his investments but also shows how his upbringing, mentors and experiences has helped him in his investment endeavors and the investment choices that he makes as seen in Chapter 2: The Education of Warren Buffet. Here it provides an understanding of the industry and having hands on experience does help but in not letting money be your guide is best. Once you understand then you can make better and educated decisions.Everyone may not be able to have the same types of successes as Buffett has had but to understand the method behind the man says a lot. Robert G. Hagstrom does a good job in breaking down the book. As in Chapter 4: Common Stock Purchases - Nine Case Studies in the tenets that he uses are valuable from Simple and Understandable and Price Point to Candor/Rationality. Stay tuned for a follow-up from me once I finish the book and review the website.Up unto this point this book is Highly Recommended.

Two years ago, I started as a retail investor and tried gobbledygooks theories--aka those very partial to technical analysis to the extent that the company's intrinsic value and fundamentals are brushed aside--that prove to encourage highly-speculative attitude, a type of attitude that could erase one's funds. Feeling beaten down, I purchased every book with Warren Buffet's name, of course including this one.The good thing about The Warren Buffett Way is the author tends to stay away from high falutin words that their understandable to anyone willing learn value investment. This is way different from the books I bought about technical analysis that included mathematical equations with some weird Greek letters.

Explica claramente las inversiones más importantes de Warren Buffett y el porqué de sus decisiones. Además desmenuza los criterios más importantes a la hora de elegir empresas.

I got deep into the Warren Buffet rabbit hole in the past year. Got to read all of Berkshire annual letters. I searched for a good complementary book that will allow me to learn more directly about how can I use WB methods in my own portfolio selection. This book is the exact thing that I wished for. Full of knowledge and construct in a very clean and easy to understand way to help someone like me with concrete steps to use.

An excellent, nuts and bolts discussion of Warren Buffett's investment thesis and strategy. After about a 75 page background on Buffett, Berkshire and the Buffett history and mystique, Hagstrom dives into the investment philosophy. He manages to distill the Buffett approach into ten tenets:*Is the business understandable?*Does the business have a consistient operating history?*Does the business have favorable long term prospects?*Is management rational in capital allocation?*Is management candid with shareholders?*Does management resist the institutional imperative?*You need to focus on return on equity, not earnings per share.*Calculate "owner earnings" to get a true reflection of value.*Look for companies with high profit margins.*For every dollar retained, make sure the market value increases by at least one dollar.*Understand what is the value of the business?*Can the business be purchased at a significant discount to value?He then analyzes many Berkshire investments looking at these ten tenets. Once you have read the book, you will have a better understanding through Hagstrom's thorough examples of how to apply these tenets to an investment. A good, practical and not too wonkish book.

I've heard this, in the car, maybe 10 or 20 times. It makes me think -- and feel -- the importance of studying, and of course, what to actually study. I have a hard time understanding Annual Reports (from publicly traded companies), as all those accounting terms, and GAAP standards (hardy har har) make it difficult to figure out if a company is making more money than it spends, but more importantly Hagstrom's book gives an insight into Buffett's approach which includes, as an example, reading all those "footnotes", as well getting a feel for whether management is doing what they say they're going to do.I think that companies' annual reports are partly "boilerplate" info, but I also think they are INTENDED to obfuscate, since the real question is to determine whether a company makes more than it spends (profit), and secondly whether shareholders tend to benefit (or if the company plows that cash back into their own agenda).