3 of 3 people found the following review helpful:
5.0 out of 5 stars
A great book for the begginer investor......... :-), February 5, 1999
By A Customer
This review is from: Warren Buffett Speaks : The Wit and Wisdom from the World's Greatest Investor (Audio Cassette)
I think that this is an excellent book for anyone wanting to learn how the worlds most famous investor made his riches or anyone wanting to follow in his footsteps.
As a 14 year old who loves business and investing ......... this book can be read and understood by almost anyone
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1 of 2 people found the following review helpful:
4.0 out of 5 stars
The details of Buffett's philosophy aren't explained, January 2, 2001
This review is from: Warren Buffett Speaks : The Wit and Wisdom from the World's Greatest Investor (Audio Cassette)
Ok, this is is so simple that even fifth graders can understand it. It is however, painfully superficial. Only the most rudimentry information is presented about Buffett. Buffett said in the book that you can't think of good ideas by reading/talking. I agree, and that makes the book pretty much worthless. Here is an example of where he is lacking in details. (no fault of the author). He talks about how he only buys stocks for the long term and actually wants a 100% tax on profits from stocks that were held less than a year or two. He doesn't explain the economic ramificiations clearly. He makes investing sound like buy it and forget it. I paraphrase something he said, "we buy a stock and leave it alone until we hear bad news, we don't care about the good news". I mean, come on, over simplification, can you really believe that? He thinks that stock price directly correlate with company's fundamentals. I agree, but uh, long term is a long time. Ok just to sum it up, this book is really more of a biography than a 'investment philosophy+tips for investing'
I think the book is bad because of the lack of information from Buffett. And I am 18 years old and I have been investing for 4 years now.
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