The Warren Buffett Way, Second Edition by Robert G. Hagstrom

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!
Product Details
Amazon Sales Rank: #41643 in Books
Published on: 2004-10-25
Number of items: 1
Binding: Hardcover
272 pages
Editorial Reviews

From Publishers Weekly
Starting with $10,000 in 1956 and today worth some $8.5 billion, with significant holdings in Coca-Cola, Capital Cities/ ABC and the Washington Post Company, Omaha, Nebr.-based Buffet is a major player on Wall Street. Financial consultant Hagstrom, who did not interview his subject but obtained permission to quote from his Berkshire Hathaway annual reports, here outlines Buffet's iconoclastic tenets for investing. Unlike many entrepreneurs who take over companies to sell them off in bits, Buffet buys and holds. He rejects the "efficient market theory"; he doesn't worry about the stock market; and he buys a business, not a stock. He manages with a small staff, no computers and a "hands off" strategy. Learning his secrets here, now the rest of us can do a Buffet? Illustrations. Fortune Book Club dual main selection.
Copyright 1994 Reed Business Information, Inc.

From Library Journal
Hagstrom, a principal in a Philadelphia investment firm, describes the investment strategies and techniques used by Warren Buffett to realize enormous success as a professional investor. Aiming his analysis at the individual investor, Hagstrom reviews the influence of Buffett's mentors, Ben Graham and Philip Fisher, and illustrates Buffett's synthesis of their investment philosophies. Hagstrom provides case studies of Buffett's major investments, showing the qualities of the companies that had appeal. Buffett's investment philosophy espouses long-term investing, respect for good management, and recognition of the value of a business franchise. This insightful work is a worthwhile complement to Graham's classic writings, considered essential for new investors.
Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.
Copyright 1994 Reed Business Information, Inc.

The Wall Street Journal
...an extraordinarily useful account of the methods of an investor held by many to be the world's greatest.
Customer Reviews

Great Book about Warren Buffet
Gives you a simple overview about the investment genius. Great Book, gives you a feel forFinancial Statement Analysis: A Practitioner's Guide, 3rd Edition how the genius handles things.

Decent
The book is decent. If you really want to learn about the Buffet Way then there are better books -like "Making of an American capitalistic" and Essays of Buffet. This book tries to abstract the concepts and present them in an easy to read manner.

The reason I give it 3 stars is - after reading "Making of an American.." , I found the information in this book less useful.

Hagstrom does a good job of abstracting though.

Maybe I was expecting too much
It's not that this book isn't well written. It is factual and has much historical information. It thoroughly explains the early influences on Warren Buffet and how he has modified his approach over the years. After reading it, I'm not sure I really understand HOW WB decided to bet the farm on Coke or Washington Post, only that he did so. Perhaps it's too much to expect that I can read the book and become a genius investor or even understand how WB did.