The Warren Buffett Way, Second Edition
A decade has passed since the book that introduced
Warren Buffett to the world -- The Warren Buffett Way by Robert
Hagstrom -- first appeared. Since then, Buffett has solidified his
reputation as the greatest investor of all time -- quietly 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 else's competence, some people still do
not understand how this value investing legend can consistently perform so
well. That's 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 Buffett's 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 Buffett's strategies by stock
purchases -- as he did in the first edition -- Hagstrom makes "Buffett's
Way" more accessible to you, the individual investor, by presenting
Buffett's basic tenets of investing and illuminating these principles with
relevant and up-to-date examples from Buffett's 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 world's 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, Buffett's 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 you --
whether you're a seasoned investor or just getting started -- understand and
employ the investment strategies that have made Buffett so successful for
over five decades.
- Presents a brief history of Buffett from
boyhood to Berkshire Hathaway, and reveals the individuals and events
that shaped his investing philosophy
- Outlines the business, management, finance, and
value tenets that make up the core of Buffett's investing approach
- Examines Buffett's ongoing process of managing
a portfolio from knowing which stocks to hold, and for how long, to
deciding if, when, and how to cash out some investments and move into
- Discusses the psychology of money and how
Buffett uses this concept to avoid common investment mistakes and
recognize other people's mistakes in time to profit from them
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.
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Added: November 15th 2004
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