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The Warren Buffett Way, Second Edition | 
 enlarge | Author: Robert G. Hagstrom
Creators: Bill Miller, Kenneth L. Fisher
Publisher: Wiley
Category: Book
List Price: $14.95
Buy New: $8.09
You Save: $6.86 (46%)
New (36) Used (19) from $7.99
Avg. Customer Rating:  78 reviews
Sales Rank: 3801
Media: Paperback
Edition: 2
Number Of Items: 1
Pages: 272
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 6 x 0.8
ISBN: 0471743674
Dewey Decimal Number: 332.6
EAN: 9780471743675
ASIN: 0471743674
Publication Date: October 4, 2005
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: Brand New, Perfect Condition, Please allow 4-14 business days for delivery. 100% Money Back Guarantee, Over 1,000,000 customers served.
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Product Description
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!
Download Description
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!
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| Customer Reviews: Read 73 more reviews...
 Simplemente aburrido May 7, 2008
0 out of 1 found this review helpful
es uno de los peores libros que he leido, no esta ni cerca de ser interesante, de hecho lei 10 libros desde que empece a leer este y aun no lo termino. Si necesitan saber algo mas de Warren busquen otras opciones.
 Price is what you Pay, and Value is what you Get. May 7, 2008
I like the cover of this book. The phrase, "The Way",
appears in Red Letters: Whereas 'Warren Buffett' appears
in white.
I think this book is the best book I read on investing,
not counting any book written by Buffett or Charles T. Munger.
It makes more sense than the writings of Benjamin Graham, who
was Buffett's mentor. What I learned reading Graham was that
just because equipment is worth $$$ on paper, it may go for
significantly less at a garage sale, because not everybody
wants a widget. This book considers how valuable intangibles
are, such as brand names, or mindshare. It stands as a
contrast to Ben Graham's approach, but there are similarities.
Namely, what you want to do is find investment opportunities
which can be characterized as follows: LOW RISK, HIGH YIELD.
Some people like to use slogans such as "Equal pay for work of
equal value" but if you try to think about what those slogans mean,
they make very little sense, and are almost hypnotic. PAY EQUITY
is not the same thing as WORK EQUITY. Are not most if not all
coal miners paid the same? Yet, if you ask those guys I think
they would much rather work in air-conditioned "office-like"
environments. Most office workers are female. Most coal miners
are male. Some choose to work out of necessity rather than
preference. For some, choices are limited. Buffett likes to
say, PRICE IS WHAT YOU PAY, VALUE IS WHAT YOU GET. And that is
not a slogan, it is a truth.
Money is a virtual concept: What you call a "penny" is a piece
of metal. Some, have lots of food stamps but contribute little
to "society" in terms of products and services. Why is that?
Hagstrom's book is the best book on what Buffett does, and
how he does it, not counting Buffett's own writings, such
as those found in Berkshire Hathaway's annual reports.
Buffett has also given interviews for magazines such as
Forbes and Fortune. Aside from this book, if you want
another, go with a book which Buffett himself has written.
How many "value investors" have asked, "What would Warren
Buffett do", and then done the opposite, while believing
they had not? How many "value investors" have actually
READ and FOLLOWED Warren Buffett's advice on how to pick
stocks?
The comedian Steve Martin once said the following, "I will
now suck, this stool, into my lungs, with this straw. Oh,
darn." Can you do what Warren Buffett can? Buffett has
actually said that it is doubtful that most, if anybody
else, in the investing world, can do what he can do. But
he does offer people advice, a way, an intelligent approach
to investing. But who has listened to him? Besides Charlie
Munger and Bill Gates, and maybe eight others? If you want
to be like Buffett a good place to start is his writings.
But as Charlie Munger once noted, "The person you really
want to admire is yourself". Ask not, WWBD. Ask, WHAT
SHOULD I DO? Try reading. Consider the value of a book
before enquiring after its price. Of course, Willingness to
Pay, is not the same as Ability to Pay.
review May 5, 2008
1 out of 1 found this review helpful
Possibly the best Buffet book ever written. If you only have two investment books, this should be one and the Intelligent Investor the second. Mr. Hagstrom covers several famous Buffet transaction's. The basis of Buffet's investment philosophies and several relatively easy examples of how to judge a company. A novice book but a fun read for experienced professionals.
Nice read and fascinating! March 21, 2008
0 out of 1 found this review helpful
Clearly, Warren Buffet has a gift for picking great stocks! If it was easy, we'd all be rich! This book is a great way to understand what Buffet looks for when he's buying. But, as Buffet is never interviewed for the book, (although he did read it before publishing, apparently), one has to wonder how accurate a depiction it is. That being said, if you're looking to learn from a master, this is a must read!
Get the Abridged Audio Version March 15, 2008
1 out of 1 found this review helpful
I would recommend an abridged audio CD or Cassette instead of a printed version of this book. The printed version is quite lengthy and is mainly based on the Buffet's letters to shareholders, freely available.
The abridged audio version exposes all the key aspects of Buffet's investment principles, for example: is the company in an industry with good economics, i.e., not an industry competing on price; is the debt-to-equity ratio low or is the earnings-to-debt ratio high, i.e. can the company repay debt even in years when earnings are lower than average; does the company have high and consistent Returns on Invested Capital; does the company retain earnings for growth; is the company free to adjust prices for inflation; and so on.
There is another, better book on this topic: "Buffetology" by Mary Buffett (former daughter-in-law of Warren Buffet). It not only addresses the questions above mentioned, but examines in details additional issues, like: a consumer monopoly vs a commodity; does the company have a consumer monopoly or brand name that commands loyalty; can any company with an abundance of resources compete successfully with the company; which formulas to use to differentiate a potential good investment based on projected compounded future earnings; and so on.
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