Author(s): Robert G. Hagstrom
Buffett is back . . . and better than before! A decade has passed since the book that introduced the world to Warren Buffett - The Warren Buffett Way by Robert Hagstrom - first appeared. That groundbreaking book spent 21 weeks on the New York Times Hardcover Nonfiction Bestseller list and sold over 1 million copies. Since then, Warren Buffett has solidified his reputation as the greatest investor of all time - becoming even richer and more successful, despite the wild fluctuation of the markets. How does this value investing legend continue to do it? That's where Robert Hagstrom and the Second Edition of The Warren Buffet Way come in. This Second Edition is a completely revised and updated look at the Oracle of Omaha - comprising Buffett's numerous investments and accomplishments over the past ten years, as well as the timeless and highly successful investment strategies and techniques he has always used to come out a market winner. Rather than presenting Buffett's strategies by stock purchases - as he did in the first edition - Hagstrom makes "Buffett's Way" more accessible to the individual investor by presenting Buffett's basic tenets of investing and illuminating these principles with relevant and up to date examples from Buffett's investments. Readers will also see how Buffett's investing has evolved over time as he has applied his fundamental principles beyond stocks to include other areas - such as private companies, bonds, and foreign currency. No one understands Warren Buffett like Robert Hagstrom. Buffett himself commented that the first edition of The Warren Buffett Way was honest and accurate. The Second Edition of The Warren Buffett Way provides the same integrity and quality of information, with a decade's worth of new material that is sure to please seasoned investors while introducing a new generation of readers to the greatest investor of all time.
ROBERT G. HAGSTROM is Senior Vice President of Legg Mason Capital Management and the portfolio manager of the Legg Mason Growth Trust. He is a member of the CFA Institute and the Financial Analysts of Philadelphia. The Warren Buffett Way sold more than 1,000,000 copies worldwide and spent twenty-one weeks on the New York Times bestseller list. Robert lives with his family in Villanova, Pennsylvania.
Foreword to the Second Edition (Bill Miller). Foreword to the First Edition (Peter S. Lynch). Preface. Introduction (Kenneth L. Fisher). 1. The World's Greatest Investor. 2. The Education of Warren Buffett. 3. "Our Main Business Is Insurance": The Early Days of Berkshire Hathaway. 4. Buying a Business. 5. Investing Guidelines: Business Tenets. 6. Investing Guidelines: Management Tenets. 7. Investing Guidelines: Financial Tenets. 8. Investing Guidelines: Value Tenets. 9. Investing in Fixed-Income Securities. 10. Managing Your Portfolio. 11. The Psychology of Money. 12. The Unreasonable Man. Afterword: Managing Money the Warren Buffett Way. Appendix. Notes. Acknowledgments. Index.