The Essential Buffett: Timeless Principles for the New Economy FROM THE PUBLISHER
"In this book, Robert G. Hagstrom helps you draw on the wisdom and counsel of Warren Buffett to succeed in today's challenging market. Hagstrom explains how Buffett analyzes companies and selects stocks. He then shows you how these techniques can be applied to technology, small-cap, and international stocks - areas Buffett traditionally has not explored." "Buffett built a multibillion-dollar business empire by confidently following a course that often put him at odds with Wall Street trends. The Essential Buffett outlines the core principles that you will want to incorporate into every stock decision you make: invest in a business, not a stock - you'll look at a company's economics as if you were taking over as CEO tomorrow; demand a margin of safety for each purchase - how to keep risk at a minimum; manage a focus portfolio - a comprehensive portfolio strategy, used with spectacular results by Buffett, which focuses the investment process on a few outstanding companies; and protect yourself from the speculative and emotional forces of the market - a lesson thousands of investors have now come to appreciate the hard way."--BOOK JACKET.
SYNOPSIS
Robert Hagstrom shows readers how to apply Buffett's principles to
technology and international investing using real-life case studies of
successful fund managers. He explains Buffett's principles and provides
insights into the psychology behind focus investing, showing how
Buffett's thinking can best be applied in the new economy.
FROM THE CRITICS
Booknews
Hagstrom revises, updates, and expands his analysis of Warren Buffett's investment methodology, often excerpting from his earlier works. He covers both his stock selection and his style of portfolio management, and throws in advice on how to apply the principles. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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