The Buffettology Workbook: Value Investing The Warren Buffett Way (Paperback)

~ (Author), (Author) "Short-sightedness and the bad news phenomenon..." (more)
Key Phrases: pretax annual compounding rate, share equity value, annual compounding growth rate, Freddie Mac, Capital Cities, Value Line (more...)

Editorial Reviews

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

Review

Stevin HooverHoover Capital ManagementAbsolutely the best book ever written on Warren Buffett's investment methods.

BusinessWeekA probe inside the head of a financial genius.

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

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Product Details

• Paperback: 192 pages
• Publisher: Scribner; 1st edition (January 3, 2001)
• Language: English
• ISBN-10: 0684871718
• ISBN-13: 978-0684871714
• Product Dimensions: 10.8 x 8.5 x 0.5 inches
• Shipping Weight: 1 pounds (View shipping rates and policies)
• Average Customer Review: 3.5 out of 5 stars  See all reviews (11 customer reviews)
• Amazon.com Sales Rank: #67,977 in Books (See Bestsellers in Books)

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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)

...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.

9 of 9 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)

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"

33 of 42 people found the following review helpful:

1.0 out of 5 stars Warren Buffett - deja vu, February 16, 2001

By	"lszadv" (Valley Stream, New York United States) - See all my reviews

Mary Buffett's second book on her former father-in-law's investment techniques is a big disappointment. Most of the chapters in this second books are a complete re-write of her first offering.

Each chapter ends with a few rather simplistic questions, and a review of each chapter "key points". Many if not all of the same mistakes - both financial and grammatical are repeated in this second book.

Unlike her first book - Buffettology - Mary Buffett does include a few case studies at the end of the book as they relate to actual stock purchases by Warren Buffett.

Beginner and serious devotees of Warren Buffett's investment style are better served with her first book, or better still by reading Warren Buffett's letters to shareholders or any of the other fine books on the same subject matter. Investors can skip this workbook.