From the bestselling author of The Warren Buffett Way and The Warren Buffett Portfolio comes The Essential Buffett: Timeless Principles for the New Economy. In this fresh take on Buffett's irrefutable investment methods, Robert Hagstrom shows readers how to apply Buffett's principles to technology and international investing using real-life case studies of successful fund managers like Legg Mason's Bill Miller. Following the Buffett model, Hagstrom explains Buffett's four timeless principles: 1) analyze a stock as a business; 2) demand a margin of safety for each purchase; 3) manage a focus portfolio; 4) protect yourself from the speculative and emotional forces of the market. Then Hagstrom shows how Buffett's thinking can be applied in the new economy, addressing technology investing, international investing, small cap stocks, and socially responsible investing. Perhaps most valuable are Hagstrom's insights into the psychology behind Buffett's focus investing. For the first time, we are given sure-fire guidelines on how to become a winning Buffett disciple. The Essential Buffett will include convenient sidebars featuring key Buffett ideas, enabling readers to quickly compare Buffett's fundamental tenets.
作者簡介
ROBERT G. HAGSTROM is the author of The Warren Buffett Way: Investment Strategies of the World’s Greatest Investor; The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy; The NASCAR Way: The Business That Drives the Sport; an
圖書目錄
1 THE UNREASONABLE MAN Lesson 1 Lesson 2 A Better Yardstick Lesson 3 The Search for Patterns Why Has Wall Street Ignored Warren Buffett? A DiffErent Way of Thinking 2 THE WORLD'S GREATEST INVESTOR Investment Beginnings The Buffett Partnership, Ltd. The Early Days of Berkshire Hathaway The Insurance Business A Mosaic of Other Businesses The Man and His Company 3 LESSONS FROM THE THREE WISE MEN OF FINANCE Benjamin Graham Philip Fisher Charlie Munger A Blending of Influeces 4 GUIDELINES FOR BUYING A BUSINESS:TWELVE IMMUTABLE TENETS Business Tenets Management Tenets Financial Tenets Market Tenets The Coca-Cola Company The Intelligent Investor 5 FOCUS INVESTING: THEORY AND MECHANICS Focus Investing: The Big Picture Do the Math Modern Portfolio Theory 6 MANAGING YOUR PORTFOLIO:THE CHALLENGE OF FOCUS INVESTING John Maynard Keynes Charles Munger Partnership Sequoia Fund Lou Simpson Three Thousand Focus Investors A Better Way to Measure Performance Two Good Reasons to Move Like a Sloth Fair Warning Label 7 THE EMOTIONAL SIDE OF MONEY The Temperament of a True Investor 8 MEW OPPORTUNITLES,TIMELESS PRINCIPLES NOTES ACKNOWLEDGMENTS INDEX