Poor Charlie s Almanack

Poor Charlie s Almanack
Author: Charles T. Munger
Publsiher: Unknown
Total Pages: 532
Release: 2008
ISBN: 9781578645015
Category: Investments
Language: EN, FR, DE, ES & NL

Poor Charlie s Almanack Book Excerpt:

Summary of Poor Charlie s Almanack by Peter D Kaufman

Summary of Poor Charlie s Almanack by Peter D  Kaufman
Author: QuickRead,Alyssa Burnette
Publsiher: QuickRead.com
Total Pages: 135
Release: 2022
ISBN: 1928374650XXX
Category: Study Aids
Language: EN, FR, DE, ES & NL

Summary of Poor Charlie s Almanack by Peter D Kaufman Book Excerpt:

Learn why Charles T. Munger is a name you need to know. Everyone knows about titans of industry like Warren Buffett or Donald Trump, but few people know the name Charles T. Munger. Poor Charlie’s Almanack (2005) sheds light on the reclusive life of one of the wealthiest men in America and the accomplishments he doesn’t want you to know about. Do you want more free book summaries like this? Download our app for free at https://www.QuickRead.com/App and get access to hundreds of free book and audiobook summaries. DISCLAIMER: This book summary is meant as a summary and an analysis and not a replacement for the original work. If you like this summary please consider purchasing the original book to get the full experience as the original author intended it to be. If you are the original author of any book published on QuickRead and want us to remove it, please contact us at [email protected]

Poor Charlie s Almanack

Poor Charlie s Almanack
Author: Charles T Munger,Peter D. Kaufman
Publsiher: Stripe Press
Total Pages: 0
Release: 2023-06-06
ISBN: 9781953953230
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Poor Charlie s Almanack Book Excerpt:

From the legendary vice-chairman of Berkshire Hathaway, lessons in investment strategy, philanthropy, and living a rational and ethical life. "Spend each day trying to be a little wiser than you were when you woke up," Charles T. Munger advises in Poor Charlie's Almanack. Originally published in 2005, this compendium of eleven talks delivered by the legendary Berkshire Hathaway vice-chairman between 1986 and 2007 has become a touchstone for a generation of investors and entrepreneurs seeking to absorb the enduring wit and wisdom of one of the great minds of the 20th and 21st century. Edited by Peter D. Kaufman, chairman and CEO of Glenair and longtime friend of Charlie Munger--whom he calls "this generation's answer to Benjamin Franklin"--this abridged Stripe Press edition of Poor Charlie's Almanack features a brand-new foreword by Stripe cofounder John Collison and a portable format. It also includes a new selection of archival images from Munger's life and career. Poor Charlie's Almanack draws on Munger's encyclopedic knowledge of business, finance, history, philosophy, physics, and ethics--and more besides--to introduce the latticework of mental models that underpin his rational and rigorous approach to life, learning, and decision-making. Delivered with Munger's characteristic sharp wit and rhetorical flair, it is an essential volume for any reader seeking to go to bed a little wiser than when they woke up.

Charlie Munger

Charlie Munger
Author: Tren Griffin
Publsiher: Columbia University Press
Total Pages: 224
Release: 2015-09-15
ISBN: 0231540418
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Charlie Munger Book Excerpt:

Charlie Munger, Berkshire Hathaway's visionary vice chairman and Warren Buffett's indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. His notion of "elementary, worldly wisdom"—a set of interdisciplinary mental models involving economics, business, psychology, ethics, and management—allows him to keep his emotions out of his investments and avoid the common pitfalls of bad judgment. Munger's system has steered his investments for forty years and has guided generations of successful investors. This book presents the essential steps of Munger's investing strategy, condensed here for the first time from interviews, speeches, writings, and shareholder letters, and paired with commentary from fund managers, value investors, and business-case historians. Derived from Ben Graham's value-investing system, Munger's approach is straightforward enough that ordinary investors can apply it to their portfolios. This book is not simply about investing. It is about cultivating mental models for your whole life, but especially for your investments.

Warren Buffett

Warren Buffett
Author: Robert G. Hagstrom
Publsiher: John Wiley & Sons
Total Pages: 277
Release: 2023-01-12
ISBN: 1394168446
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Warren Buffett Book Excerpt:

In Warren Buffett: Inside the Ultimate Money Mind, Hagstrom breaks new ground with a deep analysis of Buffett's essential wisdom, an intricate mosaic of wide-ranging ideas and insights that Buffett calls a Money Mind. What exactly is a Money Mind? At one level, it's a way of thinking about major financial issues such as capital allocation. At another level, it summarizes an overall mindset for successfully investing in today’s fast-paced stock market, a mindset that depends on a commitment to learning, adapting, and facing down irrelevant noise. This is not a method book. It is a thinking book. Warren Buffett: Inside the Ultimate Money Mind explains the philosophies of self-reliance, stoicism, rationalism, and pragmatism and their contributions to making intelligent investment decisions. It also outlines the evolution of value investing, discusses how to develop a business-driven investing mindset, and describes the defining traits of successful active management. Lastly, it examines the surprising aspects of a Money Mind – sportsman, teacher, and artist. In short, Warren Buffett: Inside the Ultimate Money Mind helps readers understand the building blocks that go into making a Money Mind so they can begin to incorporate its principles in the service to a life of value. Testimonials "An erudite masterpiece..." –Lawrence A. Cunningham, author; professor and director, Quality Shareholders Initiative, George Washington University "It's another must-read…" –Bethany McLean, journalist and Contributing Editor, Vanity Fair, author, Saudi America and co-author The Smartest Guys in the Room "Pure Genius! This is a game changer in investment books..." –Robert P. Miles, author; Executive in Residence, University of Nebraska at Omaha, Executive MBA Program, 'The Genius of Warren Buffett' "Effervescence and thoughtful analysis of Buffett's life and work..." –Tom Gayner, Co-chief Executive Officer, Markel Corporation "Hagstrom's books always enable readers to think about the world in new ways…" –Tren Griffin, author, Charlie Munger: The Complete Investor

The Four Filters Invention of Warren Buffett and Charlie Munger Second Edition

The Four Filters Invention of Warren Buffett and Charlie Munger   Second Edition
Author: Bud Labitan
Publsiher: Lulu.com
Total Pages: 207
Release: 2014-03-05
ISBN: 1304911977
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Four Filters Invention of Warren Buffett and Charlie Munger Second Edition Book Excerpt:

"The Four Filters Invention of Warren Buffett and Charlie Munger" examines each of the steps they perform in framing and making an investment decision. The author believes that Buffett and Munger expanded the field of "Behavioral Finance" by using this thoughtful and effective process. The genius of Buffett and Munger's four filters process was to capture all the important stakeholders in their decision making. Imagine... Products, Enduring Customers, Managers, and Margin-of-Safety... all in one mixed "qual + quant" formula. This second edition contains additional examples in this amazing process. This edition also contains the author's look into their 1988 valuation of Coca-Cola. Each chapter has additional specific examples. The author also discusses additional insights he has learned in the past five years since the first edition was released.

The Warren Buffett Shareholder

The Warren Buffett Shareholder
Author: Lawrence A. Cunningham,Stephanie Cuba
Publsiher: Harriman House Limited
Total Pages: 264
Release: 2018-04-20
ISBN: 0857197010
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Warren Buffett Shareholder Book Excerpt:

In this engaging collection of stories, 43 veterans of the Berkshire Hathaway Annual Shareholders Meeting explain why throngs attend year after year. Beyond the famous Q&A with Warren Buffett and Charlie Munger, these experts reveal the Berkshire Meeting as a community gathering of fun, fellowship and learning. The contributors whisk readers through the exciting schedule of surrounding events--book signings, panel discussions and social gatherings--and share the pulse of this distinctive corporate culture. Spanning decades, the book offers glimpses of the past and ideas of what lies ahead. To learn about what makes Buffett’s shareholders tick and all the happenings at the Berkshire Meeting, and to reminisce about past Meetings, make this delightful book your companion. Includes work by these bestselling authors: - Robert Hagstrom - Robert Miles - Jason Zweig - Joel Greenblatt - Vitally Katsenelson - Jeff Matthews - Charlie Tian - Whitney Tilson - Prem Jain - Karen Linder

1988 Valuation of Coca Cola

1988 Valuation of Coca Cola
Author: Bud Labitan
Publsiher: Lulu.com
Total Pages: 40
Release: 2013-04-08
ISBN: 1300916265
Category: Capitalists and financiers
Language: EN, FR, DE, ES & NL

1988 Valuation of Coca Cola Book Excerpt:

For years, we have wondered how Warren Buffett valued Coca-Cola, (KO), stock at such a deep bargain in 1988. This book describes a simple two stage discounted cash flow model that delivers a close approximation. This exercise is our quantitative estimation of Coca Cola's Intrinsic Value Per Share in 1988. First, we describe our 2-stage "discounted cash flow" valuation model. Our estimating model is strict. It assumes a business will only "live" for 20 years. Within the model, we apply compounding growth to the first 10 years. Then, we assume a lower growth rate for years 11 till the end of year 20. Since intrinsic value is a highly subjective figure, readers can adjust their model to the quality of the business they wish to value. This book also describes the Warren Buffett secret of "Yield On Cost" when investing in a high quality business bargain.

Tribe of Mentors

Tribe of Mentors
Author: Timothy Ferriss
Publsiher: Houghton Mifflin Harcourt
Total Pages: 627
Release: 2017
ISBN: 1328994961
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Tribe of Mentors Book Excerpt:

Life-changing wisdom from 130 of the world's highest achievers in short, action-packed pieces, featuring inspiring quotes, life lessons, career guidance, personal anecdotes, and other advice

The Art of the Good Life

The Art of the Good Life
Author: Rolf Dobelli
Publsiher: Hachette UK
Total Pages: 272
Release: 2017-11-02
ISBN: 1473667496
Category: Self-Help
Language: EN, FR, DE, ES & NL

The Art of the Good Life Book Excerpt:

The indispensable life manual from the author of the international bestseller, The Art of Thinking Clearly. 52 intellectual short-cuts for wiser thinking and better decisions, at home and at work. They may not guarantee you a good life, but they'll give you a better chance. Since the dawn of civilization, we've been asking ourselves what it means to live a good life: how should I live, what will truly make be happy, how much should I earn, how should I spend my time? In the absence of a single simple answer, what we need is a toolkit of mental models, a guide to practical living.

Warren Buffett on Business

Warren Buffett on Business
Author: Warren Buffett
Publsiher: John Wiley & Sons
Total Pages: 272
Release: 2009-12-09
ISBN: 0470502304
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Warren Buffett on Business Book Excerpt:

The proven business principles of Warren Buffett Warren Buffett is one of the most admired and prolific investors and managers in corporate America. Warren Buffett on Business is a timeless guide to strategies that can help you run a successful business. This book is a one-of-a-kind collection of Buffett's letters to the shareholders of Berkshire Hathaway written over the past few decades, and in a clear, simple style distills the basic principles of sound business practices. Through Buffett's own remarkable words, this practical management handbook shares valuable insights on communicating with, and treating employees and shareholders fairly; responsible corporate governance; ethical behavior; patience and perseverance; admitting mistakes; and having a passion for work. Contains priceless pearls of business and management wisdom, woven into a delightful narrative Designed in an accessible manner and organized by business and management topics with strong lessons from Buffett Provides direct, hands-on information on major topics concerning managers, entrepreneurs, business students, and anyone interested in business Informative and inspiring, this unique book puts Warren Buffett's business beliefs in perspective.

Capital Compounders

Capital Compounders
Author: Robin Speziale
Publsiher: Robin R. Speziale
Total Pages: 289
Release: 2018-10-19
ISBN: 1720210802
Category: Finance, Personal
Language: EN, FR, DE, ES & NL

Capital Compounders Book Excerpt:

FROM NATIONAL BESTSELLING AUTHOR ROBIN R. SPEZIALE – LEARN HOW TO MAKE MONEY INVESTING IN GROWTH STOCKS In Capital Compounders, DIY Investor & National Bestselling Author Robin R. Speziale makes it easy for anyone to beat the market and make money investing in growth stocks! Robin R. Speziale shares his journey building a $300,000+ stock portfolio before 30 (and how you can too!) by investing in growth stocks or “Capital Compounders” – stocks that double, and then double again, and again on the market. Capital Compounder stocks have achieved the “tenbagger” ($1 turns into $10), and some even the “100-bagger” ($1 turns into $100) status. Mr. Speziale discusses the commonalities of today’s market-beating growth stocks so that you can find the next ones in the future. WHAT YOU WILL LEARN IN THE BOOK: How you can turn $0 into $300,000 (and more) by saving, and then investing in growth stocksWhy growth investing is better than value investingWhat top growth stocks (“Capital Compounders”) have in common72 Rules for investing stocks; winning in the market, and managing a portfolioActual examples of tenbagger (10x return) and 100-bagger (100x return) stocks75+ events, and corporate developments that move stocksHow a hedge fund manager achieved a 24% compound annual return (since 1998!)50+ predictions for the futureExclusive interviews with a small-cap technology analyst, and a growth hedge fund managerHow to decode market psychology, and control your own behavioural biasesGrowth investing strategies from the world's top growth investorsDaily routine – how to stay on top of the stock market, and find new growth ideas100+ Free DIY investor resources (all of my favourites!)PLUS – FREE Investment Newsletter Subscription (inside the book) Capital Compounders is for both budding and seasoned investors. It’s entertaining (because finance can be dry), and includes lots of easy-to-learn tips and strategies on growth investing that you can apply in the stock market. Robin R. Speziale is a DIY Investor and Globe and Mail National Bestselling Author; Market Masters (2016). He's been investing in the stock market since 2005, and built a $300,000+ portfolio before 30. Mr. Speziale lives in Toronto, Ontario. Visit RobinRSpeziale.com and email Robin – [email protected]

A Man for All Markets

A Man for All Markets
Author: Edward O. Thorp
Publsiher: Random House
Total Pages: 416
Release: 2017-01-24
ISBN: 081299874X
Category: Biography & Autobiography
Language: EN, FR, DE, ES & NL

A Man for All Markets Book Excerpt:

The incredible true story of the card-counting mathematics professor who taught the world how to beat the dealer and, as the first of the great quantitative investors, ushered in a revolution on Wall Street. A child of the Great Depression, legendary mathematician Edward O. Thorp invented card counting, proving the seemingly impossible: that you could beat the dealer at the blackjack table. As a result he launched a gambling renaissance. His remarkable success—and mathematically unassailable method—caused such an uproar that casinos altered the rules of the game to thwart him and the legions he inspired. They barred him from their premises, even put his life in jeopardy. Nonetheless, gambling was forever changed. Thereafter, Thorp shifted his sights to “the biggest casino in the world”: Wall Street. Devising and then deploying mathematical formulas to beat the market, Thorp ushered in the era of quantitative finance we live in today. Along the way, the so-called godfather of the quants played bridge with Warren Buffett, crossed swords with a young Rudy Giuliani, detected the Bernie Madoff scheme, and, to beat the game of roulette, invented, with Claude Shannon, the world’s first wearable computer. Here, for the first time, Thorp tells the story of what he did, how he did it, his passions and motivations, and the curiosity that has always driven him to disregard conventional wisdom and devise game-changing solutions to seemingly insoluble problems. An intellectual thrill ride, replete with practical wisdom that can guide us all in uncertain financial waters, A Man for All Markets is an instant classic—a book that challenges its readers to think logically about a seemingly irrational world. Praise for A Man for All Markets “In A Man for All Markets, [Thorp] delightfully recounts his progress (if that is the word) from college teacher to gambler to hedge-fund manager. Along the way we learn important lessons about the functioning of markets and the logic of investment.”—The Wall Street Journal “[Thorp] gives a biological summation (think Richard Feynman’s Surely You’re Joking, Mr. Feynman!) of his quest to prove the aphorism ‘the house always wins’ is flawed. . . . Illuminating for the mathematically inclined, and cautionary for would-be gamblers and day traders”— Library Journal

The Dhandho Investor

The Dhandho Investor
Author: Mohnish Pabrai
Publsiher: John Wiley & Sons
Total Pages: 208
Release: 2011-01-06
ISBN: 9781118044681
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Dhandho Investor Book Excerpt:

A comprehensive value investing framework for the individual investor In a straightforward and accessible manner, The Dhandho Investor lays out the powerful framework of value investing. Written with the intelligent individual investor in mind, this comprehensive guide distills the Dhandho capital allocation framework of the business savvy Patels from India and presents how they can be applied successfully to the stock market. The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger. Readers will be introduced to important value investing concepts such as "Heads, I win! Tails, I don't lose that much!," "Few Bets, Big Bets, Infrequent Bets," Abhimanyu's dilemma, and a detailed treatise on using the Kelly Formula to invest in undervalued stocks. Using a light, entertaining style, Pabrai lays out the Dhandho framework in an easy-to-use format. Any investor who adopts the framework is bound to improve on results and soundly beat the markets and most professionals.

Why Do Bad Investments Happen to Smart People

Why Do Bad Investments Happen to Smart People
Author: Joseph D. Schulman
Publsiher: Xlibris Corporation
Total Pages: 112
Release: 2007-11-27
ISBN: 1425772390
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Why Do Bad Investments Happen to Smart People Book Excerpt:

Why do so many smart professional people make bad investments? Why do they often fail to accumulate significant wealth and sometimes make truly disastrous financial decisions? This book offers some answers to these questions. It then provides specific recommendations to help doctors, lawyers, scientists, teachers, and many other intelligent people avoid serious financial errors and achieve superior investment results. Sensible self-directed investing with long-term compounding of returns and avoidance of all unnecessary fees can produce remarkable accumulations of capital with limited risk. You can choose to be successful as a largely passive investor or as one more seriously involved in making individual investment decisions. This book tells you how to do it. Buying this short volume and then putting its advice into practice may become the most important financial decisions you have ever made. About the author - Joseph D. Schulman is an internationally known physician, medical research scientist, and biomedical entrepreneur. He is also a successful investor. Dr. Schulman is a graduate of Harvard Medical School and of the Executive M. B. A. (OPM) program at Harvard Business School. He lives with his wife, Dixie, in Oxford, MD and Palm Springs, CA.

INTO THE MINDS OF WARREN BUFFETT AND CHARLIE MUNGER

INTO THE MINDS OF WARREN BUFFETT AND CHARLIE MUNGER
Author: DANIEL. PECAUT
Publsiher: Jaico Publishing House
Total Pages: 306
Release: 2019
ISBN: 9388423607
Category: Electronic Book
Language: EN, FR, DE, ES & NL

INTO THE MINDS OF WARREN BUFFETT AND CHARLIE MUNGER Book Excerpt:

Oilfield Survival Guide Volume One For All Oilfield Situations

Oilfield Survival Guide  Volume One  For All Oilfield Situations
Author: Matthew J. Hatami
Publsiher: Oilfield Books
Total Pages: 326
Release: 2017-01-02
ISBN: 069281308X
Category: Technology & Engineering
Language: EN, FR, DE, ES & NL

Oilfield Survival Guide Volume One For All Oilfield Situations Book Excerpt:

Save Money, Time, and Lives with the Real-World Oil & Gas Experience of Others. Learning the Hard Way in the Oilfield can Cost You Millions, sometimes Billions of Dollars in addition to Injury and Loss of Life. Cut Through the Noise to Focus on the Most Critical Aspects of Working in the Oil and Gas Business. Based on over 1,000 Oil and Gas Situations involving Drilling, Cementing, Fracking, Wireline, Coil Tubing, Snubbing, Running Tools, Welding, Production, Workover, Logging, Trucking, Geology, Land, Engineering, Resource Development, Executive Management and much, much more. Expand Your Value Creation Opportunities by Learning from the Real-World Experience of Others. Whether you work in the office or in the field, work as a Company Man, Engineer, Driller, Tool Pusher, Roughneck, Geologist, Landman, Truck Driver, Frac Hand, Treater, Cementer, Lawyer, Flowback Hand, Welder, Geophysicist, Snubber, Pumper, Equipment Operator, Derrick Man, Mechanic, Petrophysicist, Roustabout, Manager, Director, VP, or Executive, consider adding Oilfield Survival Guide to your toolbox of knowledge. In other words, if you work hard for your money in the oil business, this book is for you. The oil & gas industry is one of the most capital-intensive businesses today. As a result, mistakes/situations can be expensive, in addition to injury and loss of life. To prevent undesirable situations, Oilfield Survival Guide was created, based on over 1,000 oil & gas situations. The ultimate guide for all oil and gas situations: ● Tactics ● Procedures ● Fatalities ● Short Stories ● Train Wrecks ● Disaster Avoidance ● Court Cases ● Life Savings Skills ● Checklists ●Troubleshooting ● Problem Job Prevention ● Oilfield Survival Guide is the ultimate oil industry resource to help manage oilfield risk and avoid mistakes by increasing your oil and gas knowledge and intelligence, utilizing a variety of methods, including: Tactics: Short and to the point guidelines to reduce risk and instill work principles to be successful in the oil industry, from the field to the office. Short Stories: Experience from the mistakes of others. Fatalities: Detailed analysis of oil and gas tragedies. Court Cases: Jury trials, expert witness testimony, and legal opinions on a variety of oil and gas cases. Procedures: Step-by-step process to create oilfield procedures and checklists, along with multiple examples. Operations Analysis: Oil and gas operations post-mortem, highlighting key learnings, practical knowledge, useful tips, and best practices. Over 1,000 oil and gas situations analyzed to create Oilfield Survival Guide.

The Personal MBA

The Personal MBA
Author: Josh Kaufman
Publsiher: Penguin UK
Total Pages: 464
Release: 2011-02-03
ISBN: 0141971096
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Personal MBA Book Excerpt:

This revised and expanded edition of the bestselling book, The Personal MBA by Josh Kaufman, gives you everything you need to transform your business, your career or your working life forever. An MBA at a top school is an enormous investment in time, effort and cold, hard cash. And if you don't want to work for a consulting firm or an investment bank, the chances are it simply isn't worth it. Josh Kaufman is the rogue professor of modern business education. Feted by everyone from the business media to Seth Godin and David Allen, he's torn up the rulebook and given thousands of people worldwide the tools to teach themselves everything they need to know. The Personal MBA teaches simple mental models for every subject that's key to commercial success. From the basics of products, sales & marketing and finance to the nuances of human psychology, teamwork and creating systems, this book distils everything you need to know to take on the MBA graduates and win. 'File this book under: NO EXCUSES' Seth Godin, author of Purple Cow and Linchpin 'Well on its way to becoming a business classic. You're pretty much guaranteed to get your money's worth - if not much, much more' Jason Hesse, Real Business 'Josh Kaufman has synthesized the most important topics in business into a book that truly lives up to its title. It's rare to find complicated concepts explained with such clarity. Highly recommended' Ben Casnocha, author of My Start-Up Life Josh Kaufman is an acclaimed blogger and consultant who helps people improve their business skills. He previously worked at Proctor & Gamble. Since 2005 Josh has been helping people learn about business without remortgaging their lives through his website, www.PersonalMBA.co

A Wealth of Common Sense

A Wealth of Common Sense
Author: Ben Carlson
Publsiher: John Wiley & Sons
Total Pages: 227
Release: 2015-06-22
ISBN: 1119024927
Category: Business & Economics
Language: EN, FR, DE, ES & NL

A Wealth of Common Sense Book Excerpt:

A simple guide to a smarter strategy for the individual investor A Wealth of Common Sense sheds a refreshing light on investing, and shows you how a simplicity-based framework can lead to better investment decisions. The financial market is a complex system, but that doesn't mean it requires a complex strategy; in fact, this false premise is the driving force behind many investors' market "mistakes." Information is important, but understanding and perspective are the keys to better decision-making. This book describes the proper way to view the markets and your portfolio, and show you the simple strategies that make investing more profitable, less confusing, and less time-consuming. Without the burden of short-term performance benchmarks, individual investors have the advantage of focusing on the long view, and the freedom to construct the kind of portfolio that will serve their investment goals best. This book proves how complex strategies essentially waste these advantages, and provides an alternative game plan for those ready to simplify. Complexity is often used as a mechanism for talking investors into unnecessary purchases, when all most need is a deeper understanding of conventional options. This book explains which issues you actually should pay attention to, and which ones are simply used for an illusion of intelligence and control. Keep up with—or beat—professional money managers Exploit stock market volatility to your utmost advantage Learn where advisors and consultants fit into smart strategy Build a portfolio that makes sense for your particular situation You don't have to outsmart the market if you can simply outperform it. Cut through the confusion and noise and focus on what actually matters. A Wealth of Common Sense clears the air, and gives you the insight you need to become a smarter, more successful investor.

The Warren Buffett Way

The Warren Buffett Way
Author: Robert G. Hagstrom
Publsiher: John Wiley & Sons
Total Pages: 256
Release: 2013-09-13
ISBN: 1118793994
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Warren Buffett Way Book Excerpt:

Warren Buffett is the most famous investor of all time and one of today’s most admired business leaders. He became a billionaire and investment sage by looking at companies as businesses rather than prices on a stock screen. The first two editions of The Warren Buffett Way gave investors their first in-depth look at the innovative investment and business strategies behind Buffett’s spectacular success. The new edition updates readers on the latest investments by Buffett. And, more importantly, it draws on the new field of behavioral finance to explain how investors can overcome the common obstacles that prevent them from investing like Buffett. New material includes: How to think like a long-term investor – just like Buffett Why “loss aversion”, the tendency of most investors to overweight the pain of losing money, is one of the biggest obstacles that investors must overcome. Why behaving rationally in the face of the ups and downs of the market has been the key to Buffett’s investing success Analysis of Buffett’s recent acquisition of H.J. Heinz and his investment in IBM stock The greatest challenge to emulating Buffett is not in the selection of the right stocks, Hagstrom writes, but in having the fortitude to stick with sound investments in the face of economic and market uncertainty. The new edition explains the psychological foundations of Buffett’s approach, thus giving readers the best roadmap yet for mastering both the principles and behaviors that have made Buffett the greatest investor of our generation.