Investment Strategies of the World's Greatest Investor

By Robert G. Hagstrom

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Readers` Reviews

★ ★ ★ ☆ ☆
caradino fobbs
BOTTOM LINE:

More of the same information about Warren Buffett. We all know his story and his investment style. We know about his blockbuster deals in retrospect. Trying to dupicate his success; THAT's the tricky part!
★ ★ ★ ★ ★
p g meyer
banknewsletter.com also has great small bank ideas
★ ★ ★ ★ ☆
bob griffith
I think it is a very good book to understand how the guys thinks about the whole game of investing. You can clearly see the signs of a seasoned investor throughout the book. But how much useful will it be for people like you and me, that's questionable. Imagine if Tiger Woods tells you how he plays golf or Mozart tells you how he composed those lyrics. It is kind of that. I think it is just a knack of things that either you have or you don't have. But do read the book just to get some idea about the financial market and its potholes that you need to be aware of.
The Search for the Company with a Durable Competitive Advantage :: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting :: Hannah's List (Reprint) (3/27/11) - By Debbie Macomber :: UNSUB: A Novel :: Warren Buffett and the Business of Life - The Snowball
★ ★ ☆ ☆ ☆
allie mason
I can quickly summarize this book for you:

<ul>

<li>Warren Buffett is a very intelligent man</li>

<li>Coca-cola Washington Post, Wells Fargo are all exemplar companies</li>

<li>Buy good value companies with good management</li>

</ul>

This book does not go beyond repeating these points. It does not answer the mechanics of valuing companies or Warren Buffet's methodology of determining good companies. It merely looks at companies who have done "well" and provides historical data on what "well" means. The author does not even attempt to explain the companies' success by analyzing management's decisions or otherwise.

This book is a good start for somebody who has never seen an investment book, but provides no real information to help with evaluating businesses. The information presented in this book can be summarized in 3 chapters -- Chapter 1 for Warren Buffets biography, chapter 2 for investment philosophies. Chapter 3 for historical data for Warren Buffet's favourite companies.
★ ★ ☆ ☆ ☆
zrinka
First let me say that the low rating I'm giving does not reflect my opinion of Warren Buffett and his methods in general, but rather specifically this book by Hagstrom.
I was quite disappointed by this book. It seems confused about whether it is an investment guide or historical narrative, and so fails to do an adequate job of either. (For a much more interesting account of Buffett's life and investments, read Roger Lowenstein's biography).
I was hoping this book would explain in specific detail HOW Buffett determines whether a company's shares are undervalued by the market and by how much. However I found that the few explanations in this book are too vague to be of any real practical application in analyzing companies and making investment decisions. The book spends more time detailing WHAT Buffett has invested in, as opposed to WHY. And more time discussing what happened to these companies AFTER Buffett had invested in them, rather than what specifically made them attractive to Buffett beforehand.
Maybe this would be a good enough book for someone to read as an introduction to Buffett, if it wasn't just so boring!
★ ★ ★ ★ ★
ann hardman
This book describes Buffet's investment principles and decisions in a clear, brief and very good way. Especially interesting is the discussion of the tenets that guide Buffet's purchases and the analysis of some of Buffet's investments, following these tenets. Buffet is the most succesful investor of the last decades, so studying his decisions and philosophy is, according to me, one of the best things an investor can do to learn about the business. This book offers an excellent opportunity to do so.
(By the way, if you really want to know how Buffet operates, reading the books of his masters, Fisher and especially Graham, is a requisite too!)
★ ★ ★ ★ ★
sam smith
Haagstrom is certainly a man after Buffet's heart. Reading the book makes me wanna go work for Buffett, but he doesn't hire MBAs. Learn the secrets that could change your life and realize that it's not luck and combination of circumstances that created the greatest legend outside Wall Street.
★ ★ ★ ★ ☆
lauren wilson
The Warren Buffet Way is covered on pages 256-268. The remainder of the book is historical examples of companies that Mr. Buffet purchased over the years, with each mapped into the principles that were outlined on those twelve pages. It's a shame Mr. Buffet avoids learning technology, and therefore he's missed the entire technology equity explosion - he could have made his customers and partners a LOT more money.
★ ★ ★ ★ ★
noor dee
As an abnormal investor, I have noted Buffett's investment strategies as being almost the same as my own, except that I do not have the financial backing or expertise of the "sage from Omaha". Truthfully, with the track record that Warren Buffett has demonstrated, why do investors follow the theories of other "gurus" that went to MBA school just to network and not learn a [darn] thing about business strategy and how to identify true value? While I did find the author a tad hard to follow at times, the information gave me insight into how Warren Buffett makes his superior investment decisions.
★ ★ ★ ☆ ☆
abdul
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.
★ ★ ★ ★ ★
william pasteris
I read this book on a plane. Buffet's past record of increasing wealth for his shareholder at 23% a year for a few decades is the best proof of his investment philosophy.I am more than happy to find a that my own investment idea (which was very close to Buffet's) had been proved by him. What kind of effect this book had on me? I became Berkshire Hathway's shareholder soon after reading the book, at a cost of more than $47,000!Bill Yeung
★ ★ ★ ★ ☆
majid
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!
★ ★ ★ ★ ★
brent smith
An investment breakthrough. Finally, after 30 years of investing, a book which lays out a rational game plan. Each point in the book is explained and justified. What I could have done with this method in the last 30 years! The mathematics are not so clear, but you can have it done for you at [...]
★ ★ ★ ☆ ☆
lindsey426
It wasnt a bad book and it didnt waste my time. But I want more meat from the author. More specifics on what makes this man tick would be appreciated. Its not bad - read it if you want to begin a discussion on Buffett. Don't waste your time if you already know something about Buffett.
★ ★ ★ ★ ★
zain
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. Practical books with a lot of information to be used by the regular reader.
★ ★ ★ ★ ★
darrick
I always thought that Warren Buffet made his fortune like every other crazy stockmarket freak, i.e until I read this book. Hagstrom explains how Buffet is able to rises above the market chaos. A must read for anyone interested in investing in the stockmarket.
★ ★ ★ ★ ★
madison roy
Excellent book for those interested in learning how Warren Buffett values stocks and businesses. I really learned quite a bit for the first read now I'm reading it a second time to pick up on what I might have missed!

Excellent book!
★ ★ ★ ★ ★
margaret
If you are reading this book just to be better informed, I think you will get your money's worth. I feel I got a five-star education. But if you are going to read it to make a decision to buy or not to buy Berkshire Hathaway, you should keep these two points in mind: First, almost everyone considers Warren Buffet to be the world's greatest investor. This special attribute of Mr. Buffet might be reflected in the price of Berkshire Hathaway stock. If Warren Buffet were no longer around, what would that do to Berkshire Hathaway? Hasn't Mr. Buffet's greatness built in a premium in Berkshire Hathaway stock?
Second, this book proves that Mr. Buffet beat Mr. Market most of the time under normal circumstances. In abnormal circumstances, Mr. Market could beat Mr. Buffet. Abnormal circumstances would exist if Mr. Market went into a long, deep depression (like he did in the 1930's and dropped in value by 90%). And could a second terrorist attack similar to 9/11 cause Mr. Market to panic and create abnormal circumstances in the economy?
No matter how good the company, Mr. Market can and will hurt the value of its stock. If there is another terrorist attack like 9/11, Mr. Market will panic and Coca Cola, Washington Post, GEICO, etc., would all suffer terribly.
★ ★ ★ ★ ★
laura armstrong
This is one of the most helpful books on investing that I have ever read. I have only one suggestion for the author - Please add more details on the "Residual Value" calculations on Pages 291 thru 298.
★ ★ ★ ★ ☆
sean greenberg
Doesn't get into enough detail, but I liked the book overall. It's a good read for an airplane.
★ ★ ★ ★ ☆
joshua west
It is a book that can help anyone interested in knowing and understanding Buffetts philosofy on being a great business man and a great investor.
★ ★ ★ ★ ☆
sue wang
This is a great (and quick) read of how Warren Buffet invests. Beware if you are not interested in technical or financial speak, could be cumbersome. Great for anyone who has some basic finance knowledge.
★ ★ ★ ★ ★
aileen
An easy read that give us insight into the world of investing done right. This book is a must read for all business major students, without exception.
★ ☆ ☆ ☆ ☆
keaton mowery
Go right to the heart of the matter with Graham and Dodd's Security Analysis if you want to know how Buffett started. Hagstrom's book is a poorly executed fifth grader's book report on the primary investing philosophy of Buffett. Don't waste your money here. You'll regret it. This doesn't even really scratch the surface of relevant information.
★ ★ ☆ ☆ ☆
aisazia
I have tried to follow the aggressive growth investment strategies of Mr. Richards, but I have lost a great deal of money during this period. I appreciated the writing style and the content of the book which left both enthused and looking forward to boosting the value of my portfolio. Unfortunately, I think that Mr. Richard's premise that "the trend is your friend" is specious and misleading, because sometimes the trend is not your friend. I think perhaps I will attempt to adopt a less aggressive approach, and may try the 'value investing' approach of a Mr. Warren Buffet, whose company Berkshire Investments attempts to follow this approach, although they have lost a lot of money recently. Or maybe I will just try some treasury bonds, or maybe try nothing at all, or try gardening.
★ ★ ★ ★ ★
emily ellis
Advice: Don't buy the '97 paperback edition. Small 4 1/8" X 6 3/4" sized. Print so small, it's very difficult to read.
★ ★ ★ ★ ★
ehheekajeshika
After reading this book, I have seen the errors in my ways.
I have discovered that the only way to real power is becoming a day trader.
At any rate, me and buddy Trotsky have founded a new investors club which meets at my crypt each Saturday.
Best of luck to my friends the Deaniacs.
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