A detailed look at how Warren Buffett really invests
In this engaging new book, author Prem Jain extracts Warren Buffett's wisdom from his writings, Berkshire Hathaway financial statements, and his letters to shareholders and partners in his partnership firms-thousands of pages written over the last fifty years. Jain uncovers the key elements of Buffett's approach that every investor should be aware of.
With "Buffett Beyond Value," you'll learn that, contrary to popular belief, Warren Buffett is not a pure value investor, but a unique thinker who combines the principles of both value and growth investing strategies. You'll also discover why understanding CEOs is more important than studying financial metrics; and why you need an appropriate psychological temperament to be a successful investor.Reveals Buffett's multifaceted investment principlesDiscusses how Buffett thinks differently from others about portfolio diversification, market efficiency, and corporate governanceHighlights how you can build a diverse and profitable investment portfolio
With this book as your guide, you'll learn how to successfully invest like Warren Buffett.
Great summary of what Buffett's investing philosophy is about. However the author is in love with Buffett and fails to assess Buffett's investing record with a critical eye. Not so successful investments like Netjets were favorably discussed. Saloman Brothers wasn't even mentioned throughout the book. You would think Buffett is flawless after reading this book, except he is not. There is more to be learnt from his mistakes than his successes. Interesting book overall, recommend that you read it in the library tho.
MAKE ONLY A LIMITED NUMBER OF STOCK MARKET DECISIONS IN YOUR LIFETIME.
When a compensation plan is simple and focused dramatic results ensue.
Look for companies in which CEO's own a significant interest in the company's stock and dont receive excessive compensation from the company, espectially through options = good alignment.
WB combines the value investing principle of maintaining low downside risk but pairs it with the growth investing principle of putting money into companies with sustainable growth opportunities.
One key trait that makes WB successful is his ability to focus.
An investor can learn about a company's culture from its spending practices.
Buying a retailer without good management is like buying the Eiffel tower without an elevator.
You are better off with managers who are financially conservative in their own lives.
Ignorance makes volatility your enemy, but knowledge makes it your friend.
More often than not its a mistake to sell a monopoly or a growing company when you have become knowledgeable about the company and its products.
If you are able to pinpoint undervalued/quality companies it may not matter if you are over-confident. Over-confidence by itself is not a bad human characteristic in picking stocks.
By now anyone who has read our reviews knows we read a great deal about Warren Buffett's investing style.
Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing by Prem C. Jain helps would-be investors to learn a little more about how the Oracle of Omaha approaches investing.
Jain writes in an easy-to-understand style with many analogies to back up what he is trying to teach his readers.
We would love to read a book on investing written by Buffett. Unfortunately, he has yet to write one. The next best thing is to read books written by people who have studied his ways and have tried to imitate his investments.
We would love to know how Buffett makes money if he buys stocks to hold forever, but doesn’t look for stocks that pay a dividend.
The more we read about Buffett, the more we want to know. Buffett Beyond Value helps answer some of our many questions. We give it all five stars.
We borrowed a copy of this book from the Wharton County, Texas Library. We are under no obligation to write any review, positive or negative.
We are disclosing this in accordance with the Federal Trade Commission's 16 CFR, Part 255.
For anyone who has read a reasonable amount on both Buffett and value investing, there is nothing groundbreaking or new about the content Jain writes about. That said, drawing from Buffett's annual letters and interviews, I found it to be a very broad summation of Warren Buffett's investment philosophy and strategy. It would be a very good introduction for someone new to the subject and as someone in the camp of those who have read quite widely on Buffett, I still found it to be a good reminder of investment tenets that I'll apply immediately in my work.
Amazing tips and thought provoking stories for anyone looking to invest, whether you are investing in the stock market or looking to invest on a corporate level. This book starts at a middle level, for people already familiar with basic financial terms and investment strategies. I would recommend it if you have existing baseline knowledge, and are looking to become more strategic and look toward long-term growth.
Took me forever to finish. Probably would’ve been more beneficial and efficient to read some of Buffett’s letters myself. Not a terrible book if you are very new to investing.
Good book....simple, straightforward, concise and dead-on in describing Warren Buffett's most important investment philosophies and practices. Prem Jain knows a lot about his subject....he created a class at Tulane University dedicated to studying the "Buffett way" of investing. As a professor and a successful individual investor, he also has the ability to convey his message in a most understandable way. If you are a Buffett adherent, this is a must read book.
This book explains that Buffett is not a value investor, as many people believe, but a Renaissance investor. This means he uses a full suite of investment philosophies based on what will work best. Easy to read, understand and has changed my ideas of how I approach investing in businesses.
Some chapters are really interesting. 1) Success in retailing, manufacturing and utility 2) profitability and accounting. For me most interesting part was why buffet invested in utility company. Gives a fresh perspective to look at NTPC and Power grid.
It is good book to help you determine the value of company and determine the growth potential of company. Some chapters offer insight and put theory into practice. The con of this book is that Buffett never confirm the way he analyse the company as written in this book.