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It is Buffett's rare ability to keep his head about him when others are losing theirs that has allowed him to run circles around the rest of Wall Street.Hagstrom delivers exactly what he promises: he explains the "Warren Buffett Way" which is not a set formula, but rather a set of underlying principles and ideas which are not constrained by simple charts or ratios.I listen to many, many audiobooks, and this one had the best narration I can remember. In fact, he may succeed in his quest to teach them to outperform so-called "professionals."Particularly interesting to me was his emphasis on the Behavorial Finance aspect of Buffett's success, which I think usually gets short thrift in most accounts of his success. Hagstrom emphasizes that the actual valuation techniques Buffett uses are not unique, but rather derivative of what other pioneers before him have discovered. I have read around a dozen books about Warren Buffett, the famous "Oracle of Omaha" who is arguably the best stock investor that ever lived. This audiobook is an excellent investment of your time and money. He never talks down to the reader - even investment professionals will find it interesting. This book by Robert Hagstrom is the best of the bunch, for those that are interested in understanding and (possibly) duplicating his investment methods.Hagstrom manages to maintain the perfect balance between oversimplifying and getting lost in the details of Buffett's investment principles. At the same time, he is accessible to stock market novices.
I amstill trying to absorb what I am reading, just hoping all the information will all register in the end. The book came promptly and in good condition. I was just on a bent to know more about Mr. Buffett.
Practical books with a lot of information to be used by the regular reader. Hellenbooks has provided excellent service, delivery and condition of the books. I would insist to combine shipping so I can buy more books from them, the charges for each one is $3.99 and can add up.
The Intelligent Investor by Benjamin Graham3. vague yet glamorous. However, if someone already has a rudimentary sense of investment knowledge or experience, Hagstrom's book brings nothing of value to the table in terms of teaching investors effective ways to invest.If one truly wants to learn the investing methods, I would alternatively suggest three different sources for accurate and effective information.1. in a laughable engagement of "analysis" (if a true value investor considers things like chart reading and axioms like "buy low" to be analysis, I certainly did not).What he does do is provide a terrific primer for someone who most likely knows nothing about stocks and/or Warren Buffett.
As a value investor and shareholder in Berkshire Hathaway, I was excited when this book came out and bought it for reading on our family vacation to Florida. an examination of Warren Buffett's own Berkshire Hathaway annual reportsEach of these sources of investment knowledge have been available to the public for a long time now at many public libraries. Security Analysis by Benjamin Graham and David Dodd2. What I found was that I had acquired a terrible waste of a perfectly good $20 bill.
He provides a great amount of space in the book to describing the man himself, and deferring to his quotes. Don't good money on the Hagstrom title, as you can instead put this money toward your actual investments in the future. so much for VALUE investing.Hagstrom's book reads like an MSNBC story. He rehashes several of Buffett's most profitable stock transactions to date (Coca-Cola, Washington Post Company, etc).
This was an easy read compared to some others on Buffett but you won't really learn methods here just a story of how.
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