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The book traces Warren Buffett's career from his humble childhood beginnings including his earliest entrepreneurial ventures, the influence of his father Howard Homan Buffett, studying and working with the legendary value investor Benjamin Graham, to launching his investment partnership at age 25 that later purchased control of a nearly bankrupt Berkshire Hathaway that became the 7th largest company in the world worth [...] billion.
The Warren Buffett Way describes the twelve investment tenets of Warren Buffett's strategy called business-driven investing and his distinct approach to managing a portfolio of businesses. Importantly, the book explains how you can apply these same principles to building your own portfolio. You'll also find discussions on the psychology of long-term investing, its optimal benefits, and how to avoid the most common pitfalls and mistakes encountered by investors.
This latest edition includes:
* A new author Preface to complement the existing Forewords from Peter Lynch, Bill Miller, and Howard Marks
* Insights on how to achieve worldly wisdom advanced by Warren Buffett's longtime business partner, the late Charlie Munger
* Five investment case studies: The Washington Post Company, GEICO, Capital Cities/ABC, The Coca-Cola Company, and Apple
* High active share investing; focused, low-turnover portfolios that beat the market
* Footnotes and references to academic work that supports and expands on Warren Buffett's investment approach and portfolio management
* The complete Berkshire Hathaway common stocks portfolios from 1977 to 2021
An indispensable guide to the remarkable work and accomplishments of Warren Buffett, The Warren Buffett Way is a can't-miss resource for professional and individual investors who want to learn from the world's greatest investor.
The book traces Warren Buffett's career from his humble childhood beginnings including his earliest entrepreneurial ventures, the influence of his father Howard Homan Buffett, studying and working with the legendary value investor Benjamin Graham, to launching his investment partnership at age 25 that later purchased control of a nearly bankrupt Berkshire Hathaway that became the 7th largest company in the world worth [...] billion.
The Warren Buffett Way describes the twelve investment tenets of Warren Buffett's strategy called business-driven investing and his distinct approach to managing a portfolio of businesses. Importantly, the book explains how you can apply these same principles to building your own portfolio. You'll also find discussions on the psychology of long-term investing, its optimal benefits, and how to avoid the most common pitfalls and mistakes encountered by investors.
This latest edition includes:
* A new author Preface to complement the existing Forewords from Peter Lynch, Bill Miller, and Howard Marks
* Insights on how to achieve worldly wisdom advanced by Warren Buffett's longtime business partner, the late Charlie Munger
* Five investment case studies: The Washington Post Company, GEICO, Capital Cities/ABC, The Coca-Cola Company, and Apple
* High active share investing; focused, low-turnover portfolios that beat the market
* Footnotes and references to academic work that supports and expands on Warren Buffett's investment approach and portfolio management
* The complete Berkshire Hathaway common stocks portfolios from 1977 to 2021
An indispensable guide to the remarkable work and accomplishments of Warren Buffett, The Warren Buffett Way is a can't-miss resource for professional and individual investors who want to learn from the world's greatest investor.
ROBERT G. HAGSTROM is one of the best-known authors of investment books including the New York Times bestseller The Warren Buffett Way and Investing: The Last Liberal Art. He has followed, studied, and written about Warren Buffett since 1984. Robert has over 40 years of experience as a professional investor. He is currently the Chief Investment Officer of EquityCompass Investment Management, LLC and Senior Portfolio Manager of the Global Leaders Portfolio. Robert was the institutional portfolio manager of the Growth Equity Strategy at Legg Mason Capital Management when he received honorable mention as Morningstar's Domestic Stock Fund Manager of the year in 2007.
Foreword to the First Edition ix
Foreword to the Second Edition xv
Foreword to the Third Edition xvii
Preface xxvii
Chapter One World's Greatest Investor 1
Understanding Patterns 3
The Making of an Entrepreneur 4
Buffett Limited Partnership 16
Berkshire Hathaway: Compounding Conglomerate 20
Chapter Two The Education of Warren Buffett 25
Howard Homan Buffett: Earliest Influence 26
Benjamin Graham: Developing an Investment Methodology 33
Philip Fisher: Discerning a Good Business 41
Charlie Munger: An Intellectual Perspective 50
Chapter Three Business- Driven Investing 65
Business Tenets 68
Management Tenets 71
Financial Tenets 79
Value Tenets 85
An Intelligent Investor 91
Chapter Four Common Stock Purchases 93
The Washington Post Company 96
GEICO Corporation 107
Capital Cities/ABC 120
The Coca- Cola Company 130
Apple, Inc. 140
The Value of Retained Earnings 159
Chapter Five Managing a Portfolio of Businesses 163
Portfolio Management Today: A Choice of Two 164
A Third Choice: Focus Investing 166
The Superinvestors of Buffettville 170
Three Thousand Focus Investors 181
A Better Way to Measure Performance 185
High Active- Share Investing 200
Chapter Six It's Not That Active Management Doesn't Work 203
High Priests of Modern Finance 204
Efficient Market Hypothesis 218
Investment and Speculation: Understanding the Difference 225
Investing in a Parallel Universe 230
Chapter Seven Money Mind 235
Sportsman, Teacher, Artist 238
Berkshire Hathaway: An American Institution 245
Appendix A Berkshire's Performance versus S&P 500 Index (1965-2022) 251
Appendix B Berkshire's Common Stock Portfolios (1977-2021) 253
Notes 279
Acknowledgments 293
About the Author 297
Index 299
Erscheinungsjahr: | 2024 |
---|---|
Fachbereich: | Betriebswirtschaft |
Genre: | Importe, Wirtschaft |
Rubrik: | Recht & Wirtschaft |
Medium: | Buch |
Inhalt: | Foreword to the First Edition ixForeword to the Second Edition xvForeword to the Third Edition xviiPreface xxviiChapter One World's Greatest Investor 1Understanding Patterns 3The Making of an Entrepreneur 4Buffett Limited Partnership 16Berkshire Hathaway |
ISBN-13: | 9781394239849 |
ISBN-10: | 139423984X |
Sprache: | Englisch |
Einband: | Gebunden |
Autor: | Hagstrom, Robert G |
Auflage: | 4th Anniversary edition |
Hersteller: | Wiley |
Verantwortliche Person für die EU: | Produktsicherheitsverantwortliche/r, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de |
Maße: | 232 x 156 x 35 mm |
Von/Mit: | Robert G Hagstrom |
Erscheinungsdatum: | 23.04.2024 |
Gewicht: | 0,574 kg |
ROBERT G. HAGSTROM is one of the best-known authors of investment books including the New York Times bestseller The Warren Buffett Way and Investing: The Last Liberal Art. He has followed, studied, and written about Warren Buffett since 1984. Robert has over 40 years of experience as a professional investor. He is currently the Chief Investment Officer of EquityCompass Investment Management, LLC and Senior Portfolio Manager of the Global Leaders Portfolio. Robert was the institutional portfolio manager of the Growth Equity Strategy at Legg Mason Capital Management when he received honorable mention as Morningstar's Domestic Stock Fund Manager of the year in 2007.
Foreword to the First Edition ix
Foreword to the Second Edition xv
Foreword to the Third Edition xvii
Preface xxvii
Chapter One World's Greatest Investor 1
Understanding Patterns 3
The Making of an Entrepreneur 4
Buffett Limited Partnership 16
Berkshire Hathaway: Compounding Conglomerate 20
Chapter Two The Education of Warren Buffett 25
Howard Homan Buffett: Earliest Influence 26
Benjamin Graham: Developing an Investment Methodology 33
Philip Fisher: Discerning a Good Business 41
Charlie Munger: An Intellectual Perspective 50
Chapter Three Business- Driven Investing 65
Business Tenets 68
Management Tenets 71
Financial Tenets 79
Value Tenets 85
An Intelligent Investor 91
Chapter Four Common Stock Purchases 93
The Washington Post Company 96
GEICO Corporation 107
Capital Cities/ABC 120
The Coca- Cola Company 130
Apple, Inc. 140
The Value of Retained Earnings 159
Chapter Five Managing a Portfolio of Businesses 163
Portfolio Management Today: A Choice of Two 164
A Third Choice: Focus Investing 166
The Superinvestors of Buffettville 170
Three Thousand Focus Investors 181
A Better Way to Measure Performance 185
High Active- Share Investing 200
Chapter Six It's Not That Active Management Doesn't Work 203
High Priests of Modern Finance 204
Efficient Market Hypothesis 218
Investment and Speculation: Understanding the Difference 225
Investing in a Parallel Universe 230
Chapter Seven Money Mind 235
Sportsman, Teacher, Artist 238
Berkshire Hathaway: An American Institution 245
Appendix A Berkshire's Performance versus S&P 500 Index (1965-2022) 251
Appendix B Berkshire's Common Stock Portfolios (1977-2021) 253
Notes 279
Acknowledgments 293
About the Author 297
Index 299
Erscheinungsjahr: | 2024 |
---|---|
Fachbereich: | Betriebswirtschaft |
Genre: | Importe, Wirtschaft |
Rubrik: | Recht & Wirtschaft |
Medium: | Buch |
Inhalt: | Foreword to the First Edition ixForeword to the Second Edition xvForeword to the Third Edition xviiPreface xxviiChapter One World's Greatest Investor 1Understanding Patterns 3The Making of an Entrepreneur 4Buffett Limited Partnership 16Berkshire Hathaway |
ISBN-13: | 9781394239849 |
ISBN-10: | 139423984X |
Sprache: | Englisch |
Einband: | Gebunden |
Autor: | Hagstrom, Robert G |
Auflage: | 4th Anniversary edition |
Hersteller: | Wiley |
Verantwortliche Person für die EU: | Produktsicherheitsverantwortliche/r, Europaallee 1, D-36244 Bad Hersfeld, gpsr@libri.de |
Maße: | 232 x 156 x 35 mm |
Von/Mit: | Robert G Hagstrom |
Erscheinungsdatum: | 23.04.2024 |
Gewicht: | 0,574 kg |