The Winning Investment Habits of Warren Buffett & George Soros (Paperback)

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Key Phrases: investment niche, losing investor, profit expectancy, Master Investor, Warren Buffett, George Soros (more...)

Editorial Reviews

Review

"A must read!" Strait Times, Singapore "Reads like a thriller!" Peter Chen, investor, Sydney, NSW" --This text refers to an out of print or unavailable edition of this title.

Review

"…Tier teaches readers to invest smartly by delving into the skills, philosophies & investment strategies of some of the world’s richest self-made men…" – PW

"[He] has chronicled the mental habits that made Buffett and Soros the world’s richest investors – and allowed him to give up the rat-race." -Jennifer Hill, The Scotsman

"One of the most exciting investment books to come down the pike in a while."
-Laissez Faire Book Review

"…Tier’s approach is especially valuable because Soros’s and Buffett’s methods are so often different- yet, as Tier shows…amazingly similar. Great book – something I rarely say about this genre." -Doug Casey, editor, International Spectator.

"...great read…I recommend it…gets to the essential reasons for the investment success of Soros and Buffett better than any other book I have read…" - Chris Weber, editor, The Weber Global Opportunities Report

"Tier has written an excellent book. His chapter on exit strategies alone…is worth the price of the book." -Dr. Mark Skousen, editor, Forecasts & Strategies

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Product Details

• Paperback: 368 pages
• Publisher: St. Martin's Griffin (August 22, 2006)
• Language: English
• ISBN-10: 0312358784
• ISBN-13: 978-0312358785
• Product Dimensions: 8.3 x 5.5 x 1 inches
• Shipping Weight: 10.4 ounces (View shipping rates and policies)
• Average Customer Review: 4.2 out of 5 stars  See all reviews (21 customer reviews)
• Amazon.com Sales Rank: #45,521 in Books (See Bestsellers in Books)

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Customer Reviews

Most Helpful Customer Reviews

41 of 42 people found the following review helpful:

5.0 out of 5 stars One of the best investment books out there!, March 28, 2007

By	Winston Koh (Los Altos, CA United States) - See all my reviews (REAL NAME)

I am surprised that this book doesn't get the attention that it so rightly deserved. This is indeed a hidden gem! I have read dozens of investment books over the years and this book definitely belongs to my all-time top 5 must read. The writing is simply amazing with investment advices that are clear, succint and easily applicable to our own investment situations.

The book caters to a broad audience with investment advices that will prove beneficial to even the most seasoned investors. Beginners will love the book's approach detailing a step-by-step mental checklist to go through when making investment decisons. I am truly impressed by the author's careful research of coming out with 23 winning habits employed by the world's most successful investors including Warren Buffett and George Soros. I always thought that Warren is a true long-term investor and business owner whereas George is a amazing speculator taking advantages of current market conditions. Their investment philosophies must be worlds apart. Boy, was I wrong. As the author points out, they both have the same 23 winning investment habits as they go thru the same mental checklist when making investment decisions! This book is indeed a revelation.

I won't spoil the party by telling you what the 23 winning habits are. But I promise that each page is a head-turner and you will learn so much and improve your investment record up a notch for every habit that you acquired and practiced. It is one of those rare investment books that I have read cover-to-cover for a great many times and still find the urge to refer back to it. I am sure you will too!

14 of 14 people found the following review helpful:

5.0 out of 5 stars Great Investment Recipe Book, September 6, 2007

By	Christopher Mayer "Chris Mayer" (Gaithersburg, Maryland USA) - See all my reviews (REAL NAME)

I often think about successful investing as consisting of lots of different ingredients. But the key is getting all the ingredients right. Lots of people know some things, but they can't seem to put them all together into a coherent and workable investment style.

Tier's book helps you do that by taking apart and studying the nuances in Warren Buffett's and George Soros's approaches. Toward the back, it also includes a look at Carl Icahn and John Templeton.

Anyway, Tier breaks these styles down into winning habits. They are great fun to read about and Tier finds anecdotes and stories that you may not have heard before.

It's inspiring reading, actually, and it got me thinking about lots of different things successful investors do.

One of my favorite investment books.

6 of 6 people found the following review helpful:

5.0 out of 5 stars an NLP approach: study the thinking of successful investors, May 18, 2008

By	Robert Shuler (Friendswood, TX USA) - See all my reviews (REAL NAME)

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Author Mark Tier applies Neuro-Linguistic Programming to investing. NLP is a discipline that says if you want to be good at something, emulate the thoughts of those who are masters and your own performance will follow. He collects all the information he can on Warren Buffett and George Soros and what they say they are thinking, and distills out 23 common elements. Then he compares this to several other investors.

The author then urges you to develop your own investing style and discover what your strengths are, rather than giving you particular advice or a system. He provides some advice on how to discover your investing style, but exactly how to develop one's own system is a little incomplete. What to do once you have it is very complete, although he gives an example of something John Templeton did late in life which seems completely outside John's system.

The book is an efficient way to gain insight into Warren and George without having to read multiple books by or about each man.

It also became clear to me for the first time that some people do become very wealthy only through investing, not through business or other means. So it is possible.

Warren Buffett's value philosophy is fairly well known, however the author gives the clearest account that owning a business and controlling the cash flow to make additional investments, a key point of Buffet's method, is not the same as just owning the stock, and a key difference between Buffett and his mentor Benjamin Graham.

Soros' investing philosophy is less well known, and the author provides insight into how Soros tests his ideas in the market before making the commitment to huge positions. Those of you interested in various "trading" styles might also want to check out The Complete TurtleTrader: The Legend, the Lessons, the Results.