The Warren Buffett Way

by Hagstrom, Robert G.; Miller, Bill; Fisher, Kenneth L.

• ISBN13: 9780471743675
• ISBN10: 0471743674
• Edition: 2nd
• Format: Paperback
• Copyright: 2005-10-04
• Publisher: Wiley

Summary

Buffett is back . . . and better than before!A decade has passed since the book that introduced the world to Warren Buffett -- The Warren Buffett Way by Robert Hagstrom -- first appeared. That groundbreaking book spent 21 weeks on the New York Times Hardcover Nonfiction Bestseller list and sold over 1 million copies.Since then, Warren Buffett has solidified his reputation as the greatest investor of all time -- becoming even richer and more successful, despite the wild fluctuation of the markets. How does this value investing legend continue to do it? That's where Robert Hagstrom and the Second Edition of The Warren Buffet Way come in. This edition is a completely revised and updated look at the Oracle of Omaha -- comprising 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. This edition is especially accessible as Buffett's basic tenets of investing are presented and illuminated with relevant and up to date examples.Order your copy today!

Author Biography

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.

Table of Contents

Foreword to the Second Edition	vii
Bill Miller
Foreword to the First Edition	ix
Peter S. Lynch
Preface	xv
Introduction	xix
Kenneth L. Fisher
The World's Greatest Investor	1	(10)
The Education of Warren Buffett	11	(18)
``Our Main Business Is Insurance'': The Early Days of Berkshire Hathaway	29	(12)
Buying a Business	41	(20)
Investing Guidelines: Business Tenets	61	(20)
Investing Guidelines: Management Tenets	81	(28)
Investing Guidelines: Financial Tenets	109	(12)
Investing Guidelines: Value Tenets	121	(20)
Investing in Fixed-Income Securities	141	(16)
Managing Your Portfolio	157	(20)
The Psychology of Money	177	(12)
The Unreasonable Man	189	(10)
Afterword: Managing Money the Warren Buffett Way	199	(12)
Appendix	211	(14)
Notes	225	(10)
Acknowledgments	235	(4)
Index	239