An insightful new take on the life and work of one of the world's most remarkable investors: Warren Buffett
In the 30th Anniversary Edition of The Warren Buffett Way, celebrated author and investor Robert Hagstrom delivers the definitive version of his bestselling compendium of the investment strategies made famous by Warren Buffett. 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. You'll learn how you can apply these same principles to building your own portfolio and 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 Charlie Munger.
* 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 1977-2021.
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.
In the 30th Anniversary Edition of The Warren Buffett Way, celebrated author and investor Robert Hagstrom delivers the definitive version of his bestselling compendium of the investment strategies made famous by Warren Buffett.
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 $800 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.
