- Hardcover: 320 pages
- Publisher: Scribner; 1st edition (November 13, 1997)
- Language: English
- ISBN-10: 0684837137
- ISBN-13: 978-0684837130
- Product Dimensions: 6.5 x 1.2 x 10 inches
- Shipping Weight: 1.3 pounds (View shipping rates and policies)
- Average Customer Review: 113 customer reviews
- Amazon Best Sellers Rank: #605,115 in Books (See Top 100 in Books)
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Other Sellers on Amazon
+ $3.99 shipping
+ Free Shipping
Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett the World's Most Famous Investor Hardcover – November 13, 1997
|New from||Used from|
Frequently bought together
Customers who bought this item also bought
Americans are infatuated with the stock market. The number of households that own stock has increased from around 20 percent in the early 1980s to over 40 percent today. The market offers the hope of quick wealth and early retirement, and just about everyone who is in the market is looking for an edge, from sources such as CNBC and Wall Street Week to the Beardstown Ladies and "The Motley Fool." So it should be no surprise the most successful investor of our time--Warren Buffett--has been the subject of dozens of books and magazine articles. The value of Buffett's company, Berkshire Hathaway, has increased from $18 per share in 1965 to over $70,000 per share today. The interest in Buffett has spawned an approach to investing called "Buffettology," which is the subject of a book by the same name written by Buffett's former daughter-in-law, Mary Buffett.
In Buffettology, Mary Buffett, with the help of David Clark, details Warren Buffett's approach to investing. It's a style of investing based on the work of Benjamin Graham and one that requires a quality that most investors lack--discipline. Mary Buffett writes, "As you read through this book you will come to see that having a business perspective on investing is more about discipline than philosophy.... In short, other people's follies, brought on by fear and greed, will offer you, the investor, the opportunity to take advantage of their mistakes and benefit from the discipline of committing capital to investment only when it makes sense from a business perspective.... You will find that almost everything that relates to business perspective investing is alien to Wall Street folklore.
Buffettology examines Buffett's methods for valuing companies and selecting stocks--it even encourages you to buy a calculator and work through the valuation formulas that Buffett uses when researching companies to buy. The book not only serves as a useful guide to understanding how Buffett invests, it's an excellent primer to investing in stocks, whether you plan to become a Buffettologist or not. Highly recommended. --Harry C. Edwards, Business editor
Stevin Hoover Hoover Capital Management Absolutely the best book ever written on Warren Buffett's investment methods. --investment
Try the Kindle edition and experience these great reading features:
Read reviews that mention
Showing 1-8 of 113 reviews
There was a problem filtering reviews right now. Please try again later.
CON -- The some spelling errors, sentence structure and page numbering in the Table of Contents is definitely off -- other than that I would classify these items as a "slight irritation" -- forgiveness is good. If you are a detail-oriented I would say -- "just let it go" -- otherwise it might derail you from the message, as it tried to do with me.
OVERALL -- I learned some new key insights and these have certainly helped me to look at investing in a different light, such as the priority order of key management principles that can tell you if management is shareholder focused or not. Thinking through the concept that management capability takes a backseat to having a solid economic foundation, was an obvious, but certainly overlooked concept it seems by market players. Following a solid foundation, are retained earnings, repurchasing shares and then dividends, all of which are based on Return on Equity and to what degree they increase shareholder value. One unexpected insight from the financial analysis mechanics for me is that it made me think about my mindset regarding even simple day-to-day expenditures and investments of time. Applying the RoE model to this as well, revealed that there are certainly areas where I could get a better return -- or the awareness that I may not even know my current RoE.
KNOWLEDGE CANNOT BE UNLEARNED
The odd thing about knowledge is that once you know it, it's difficult to un-learn it. You may choose not to use it, but its difficult to not have it popup in your head during your thinking. Therefore one is forever shaped by the continual presence of new knowledge. This can impact one's decisions or at the very least it can alter one's processing. While this book may not be life-altering for you, it may set you on a different life path trajectory (if only by one degree) -- which in turn may change where you ultimately land.
I reread the book in January 2013 and was very embarresed to discover all the valuable material I had completely missed. This book is a fun read, definitely not a textbook. If you are interested in "buy and hold" investing, don't want to read another teztbook, and would like to improve your investment "batting average", then buy this book. Also follow directions and purchase the recommended Texas Instruments BA 35 Solar calculator. I didn'y follow this direction and paid the price until I "learned".
The author also attempts to condense Warren Buffett's investing methods into a simple formula. (Her main credential: she was married to his son for a while back in the 80s and 90s).
But Warren Buffett and his investing strategies are not as simple as the author seems to imply. And markets change fast.
For instance there are also some bullet proof "Buffett companies" listed that you should have bought at the top:Fannie Mae (collapsed) Freddie Mac (collapsed) MBIA (a toxic asset dump that has also collapsed)--the author also recommends Circuit City and print media as great investments... But you get the point.
This book was lightweight when it was published 11 years ago and though it holds some overall interest can hardly be recommended in 2009.
I loved it so much I just ordered the New Buffettology. This is the way I have no doubts in my mind and I am an MBA, CPA. So I think I have a little more knowlege of these things than others. Though I am no Warrn Buffet by any means.
The bottom line is this book takes you by the hand and has you thinking like Warren Buffet. Thank you Mary Buffett for sharing with the world.
The only thing she is taking to long to put up her web pages. I cannot wait to see what she gives us next.