The Buffettology Workbook: Value Investing The Warren Buffett Way [Paperback]

Mary Buffett (Author), David Clark (Author)

Book Description

Publication Date: January 3, 2001

Timeless Investing Strategies for Any Economy

For five decades, Warren Buffett has been making himself one of the wealthiest men in the world, amassing more than 30 billion dollars by investing in the stock market. Remarkably, he did it by spurning popular Wall Street trends, adhering instead to his own unique discipline, one the world has come to know as Buffettology. In The Buffettology Workbook, internationally acclaimed writer and lecturer Mary Buffett has again joined forces with David Clark, the world's leading authority on Warren Buffett's investment methods, to create an in-depth, step-by-step guide to the concepts and equations Warren Buffett uses to create fantastic wealth.

Here you will learn:

• The difference between a great company and a great undervalued company
• How the short-sightedness of Wall Street pundits can work to your advantage
• Where to look for investments with long-term, consistent, and extraordinary growth potential
• To perform the same financial calculations Buffett uses, and apply them to stocks you'd like to buy

Editorial Reviews

Review

Stevin Hoover Hoover Capital Management Absolutely the best book ever written on Warren Buffett's investment methods.

BusinessWeek A probe inside the head of a financial genius.

Rocky Mountain News (Denver) One of the best books about mega investor Warren Buffett.

About the Author

Mary Buffett is an international bestselling author and speaker on the investment methods of Warren Buffett.  She gained her unique insight while married to Warren’s son Peter for twelve years.  She is gifted in her ability to make the complex world of investments easy to understand and has done so before audiences from California to New York to London to Beijing.  

David Clark holds degrees in both finance and law, and in the late seventies was the founding member of the original Buffettologists – a small group of early Berkshire shareholders who studied the investment methods of Warren Buffett.  He is now recognized as one of the world’s leading authorities on the subject and has written extensively on it.  He lives in Warren Buffett’s hometown, Omaha Nebraska, and is the Managing Director of a private partnership that invests primarily in arbitrage situations.

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Product Details

• Paperback: 192 pages
• Publisher: Scribner; Original edition (January 3, 2001)
• Language: English
• ISBN-10: 0684871718
• ISBN-13: 978-0684871714
• Product Dimensions: 10.8 x 8.5 x 0.4 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 3.6 out of 5 stars  See all reviews (16 customer reviews)
• Amazon Best Sellers Rank: #256,561 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

43 of 45 people found the following review helpful:

5.0 out of 5 stars For those who just can't get enough Buffett, February 16, 2001

By 

Kyran J. Flaherty - See all my reviews
(REAL NAME)   

This review is from: The Buffettology Workbook: Value Investing The Warren Buffett Way (Paperback)

...like me. I know that this is just basically a rewrite of the original "Buffettology" with updated numbers, but I thoroughly enjoyed it. The book is even broken up like the original, with a descriptive first section and a math oriented second section. I would have like to see more company examples in the second section and a smaller descriptive section, though.

If you have the original "Buffettology" there's really not a lot new here, so it could be an alternative for someone who has not been exposed to the original.

10 of 10 people found the following review helpful:

5.0 out of 5 stars An excellent tool for the individual investor..., July 5, 2003

By 

Britt Gillette "www.brittgillette.com" (Chesapeake, VA United States) - See all my reviews
(REAL NAME)   

This review is from: The Buffettology Workbook: Value Investing The Warren Buffett Way (Paperback)

Written by Mary Buffett, former daughter-in-law of Warren Buffett, and David Clark, a portfolio manager, "The Buffettology Workbook" is the best investment I've ever made. The financial formulas you'll find in this book are all the ones they should teach in business school, but don't.

The book is broken down into 23 chapters, each no more than a few pages, so you can read a chapter a day (and continue to review the chapters for the rest of your investing career). The first seven chapters give a breakdown of Warren's investment philosophy, value investing. Here, you learn about the short-sightedness of the market and the bad news phenomenon. Also, the authors identify the difference between commodity-type businesses and consumer monopolies, and tell you why it's far better to own consumer monopolies. Once you understand these concepts, you're halfway toward success as an investor. Now, you need to learn how to identify the correct buying opportunity. That's where the true value of this book comes into play, offering formulas and equations you won't find most books.

The remaining chapters in the book focus on the examination of financial statements, the acquisition of pertinent information (what's important and what's not), then they tell you how determine an investment's desirability. You'll learn the value of high rates of return on shareholder equity, how to measure management's ability to utilize retained earnings, and Warren's ideas for the Internet and short-term arbitrage commitments.

I read this book beginning to end the day I got it, but I'll continue to familiarize myself with its formulas for the rest of my investing career. Although it marks only the beginning of one's investment knowledge, learning these bedrock principles are what separate successful investors from mere average ones... Buy this book!

Britt Gillette
Author of "Conquest of Paradise: An End-Times Nano-Thriller"

5 of 5 people found the following review helpful:

5.0 out of 5 stars Great book if you have read The New Buffettology, May 14, 2004

By A Customer

This review is from: The Buffettology Workbook: Value Investing The Warren Buffett Way (Paperback)

This is a good book and it is an even better book if it is used with their other book entitled The New Buffettology - which is better than the first edition entitled just Buffettology. In regard to the reader from TX Buffett uses growth of book value to determine the relative performance of Berkshire Hathaway - just check out the annual report. And Buffett is on record saying that a company is worth its future income stream discounted to present value - though Charlie Munger and I have never seen him do it. This was brought up at the 2001 Berkshire annual meeting. As far Ben Graham is concern Buffett and Munger are both on record saying that they no longer use the Graham's method - still worth the read though. Tim Vick, who wrote "Wall Street on Sale", loves the Buffettology series so much he wrote the cover recommendation. Check it out! And get on the program! You won't be sorry you did!!!