A $10,000 investment in Warren Buffett's original 1956 portfolio would today be worth a staggering $250 million ... after taxes! What are his investing secrets? How to Pick Stocks Like Warren Buffett contains the answers and shows, step-by-profitable-step, how any investor can follow Buffett's path to consistently find bargains in all markets: up, down, or sideways. How to Pick Stocks Like Warren Buffett sticks to the basics: how Buffett continually finds bargain stocks passed over by others. Written by an actual financial analyst who uses Buffett's strategies professionally, this tactical how-to book includes:
Timothy P. Vick is a nationally known investment analyst and business valuation expert. Vick is the founder and editor of the nationally distributed newsletter Today's Value Investor, and contributing editor and analyst for Dow Theory Forecasts, one of the nations's oldest and most influential market newsletters. Prior to his work as an analyst, Vick was an award-winning business and government journalist in Chicago. He has been quoted by The New York Times, CNN, The Washington Post, AP, Chicago Tribune, Investor's Business Daily, and Gannett Newspapers, as well as Kiplinger's Money, Financial World and Futures. Vick holds a Master's degree in Management from Purdue University.
I have read a number of books on Buffett and I have to say that I quite enjoyed this one. The author's numerical aptitude is beyond what I have seen in most of these books. I really like his expanded description (almost a whole chapter) of Buffett' well known 'no strike' stock picking analogy in Chapter 8 as well as his overview of Buffett's risk arbitrage activities (Chapter 18). Highly recommended for those interested in following Buffett's investing approach.
Vick lays out a well informed argument for long-term value investing. He lays out strong arguments against short-term trading verses long-term investing, and over-diversification. It is a good departure point for anyone seeking to create long-term wealth.
This is an excellent book written by Timothy Vick that teaches the investor how to invest like Warren Buffett. This book lays a good foundation into revealing the principles and strategies that have made Warren Buffett the world's greatest investor. I really like the fact that the information provided in the book is easy to understand and to implement.
I bought this book in 2012 I found this book in a local library in my town when I was doing another school project which is not related to this book. Once I picked up the book I cannot stop reading and I just like found the treasure trove. Then I purchased it on Amazon and still, I will review the book in my spare time. Never regret the purchasing, but cannot understand why so less comment of this book, maybe because it was published in 2000.
PATIENCE - BUFFETT WATCHED DISNEY FOR 30 YEARS BEFORE BUYING BACK IN. HE STUDIED AND WAITED FOR 30 YEARS UNTIL SILVER WAS ATTRACIVELY PRICES TO HIM.
Buffett charged 25% outperformance fee over 6% in partnership.
When profits as % of GDP are low and interest rates are low = bullish. Opposite of 2017 conditions.
Investors take on risk when they fail to be diligent.
Money saved is money compounded.
The probabilities of errors multiplies as you add more layers of detail to your analysis, so keep models simple.
Stability is an important determinant in valuing an enterprise.
Before buying shares he makes sure the stock is capable of returning 15% pa over the long term.
Consistency is the mother of capital gains.
We view change as more of a threat investment-wise than an opportunity. An absence of chance is goo to protect businesses already making a lot of money.
Market liquidity is a liability rather than an asset for the average investor.
Don't disturb a position that is going to be worth a great deal later.
You are buying an earnings stream so the lower the price the better. Celebrate falling, not rising prices, if you plan to keep building your portfolio.