The Warren Buffett Way, 2nd Edition

Version: Abridged
Author: Robert G. Hagstrom
Narrator: Stefan Rudnicki
Genres: Business, Finance
Publisher: Random House (Audio)
Date: October 2004
Length: 4 hours, 30 minutes
Ratings:
Formats:
  • CD

Overview

The WARREN BUFFETT WAY

Peter Lynch, bestselling author of One Up on Wall Street, says he's "the Greatest Investor of them all."

What is the secret of Warren Buffett's spectacular success?

How has he managed to so consistently beat all the major indices and so regularly come up a market winner? Is his track record really nothing more than a rare statistical aberration—or is it the result of an identifiable approach that other investors can learn and master? The Warren Buffett Way offers investors their first in-depth look at the innovative investment and business strategies behind the spectacular success of living legend Warren E. Buffett. Tracing Warren Buffett's career from the beginning, Robert G. Hagstrom, Jr., tells us exactly how, starting with an initial investment of only $100, Buffett built a business empire worth $19.4 billion.

A folksy midwesterner given to terse, homespun wisdom, Warren E. Buffett is one of the most closely watched figures in business today. A savvy investor and brilliant stock-picker, Buffett disdains market trends and sees himself as an investor in businesses rather than stocks.

"Warren Buffett is often characterized simply as a 'value investor' or a 'Ben Graham disciple.' Hagstrom fills in the rest of the story with some immensely practical pointers on prospering in the market." —Martin S. Fridson Managing Director Merrill Lynch

"Warren Buffett is surely the Greatest Investor of this century—not so much because he built a great fortune within a free market as because he has shared his important thinking with us and has openly demonstrated the sagacity and courage so vital to success. Berkshire Hathaway has been my largest, longest investment. Warren has been my best teacher." —Charles D. Ellis Managing Partner Greenwich Associates

The Warren Buffett Way is both a fascinating read and a valuable resource for investors and business leaders.

Business Week called him "The Most Famous Investor."

Forbes dubbed him "The richest person in America and an investment genius on a scale that the world rarely sees."

"The Warren Buffett Way outlines his career and presents examples of how his investment techniques and methods evolved and the important individuals in that process. It also details the key investment decisions that produced his unmatched record of performance. Finally the book contains the thinking and the philosophy of an investor that consistently made money using the tools available to every citizen no matter their level of wealth." —from the Foreword by Peter S. Lynch Bestselling author, One Up on Wall Street and Beating the Street

"Robert Hagstrom presents an in-depth examination of Warren Buffett's strategies, and the 'how and why' behind his selection of each of the major equity securities that have contributed to his remarkable record of success. His 'homespun' wisdom and philosophy are also part of this comprehensive, interesting, and readable book." —John C. Bogle Chairman, The Vanguard Group

"In simple language this book tells the rules by which the most successful American stock investor of modern time got that way. It could be a godsend to the legion of unhappy investors who keep floundering because they ignore the basics of major investment success."—Phil Fisher Author of Common Stocks and Uncommon Profits

Reviews (5)

The Warren Buffet Way

Written by Anonymous on June 12th, 2010

  • Book Rating: 4/5

Good information, but dry presentation.

The Right Combination of Theory and Practice...

Written by Ryan Christie on June 30th, 2007

  • Book Rating: 5/5

I thoroughly enjoyed this book, as it demonstrated in good, plain English just what lies at the core of Warren Buffet's investment strategy. I found the text very easy to follow and logically laid out so that I wasn't constantly having to go back over topics before I progressed. This was my first on Mr. Buffet, so I'm not sure if it was redundant from earlier titles as Jack Welch's books get. Had I not been commuting while listening, I would have found myself taking copious notes at times. I recommend for the beginner as well as those with an econometric or business education as it sheds light into the depth of Mr. Buffet's rather simple, yet seemingly not often adhered to, philosophy on focus investing. While many today preach diversification as the be-all/end-all on investing, it was a nice breath of fresh air to hear a more logically based approach for those willing to take the time to achieve higher than average results.

Warren Buffet way

Written by Charlie Dixon on June 24th, 2007

  • Book Rating: 2/5

His personal background was interesting but the last part of book on the formulas and how-to's was dreadfully slow. I had a hard time finishing the book.

Experience + Common Sense

Written by Anonymous on November 22nd, 2006

  • Book Rating: 5/5

A great introduction to (perhaps) the best investor of our times.

A good introduction to Warren Buffet's philosophy

Written by Anonymous from Franklin, MA on June 21st, 2005

  • Book Rating: 4/5

This audiobook was a good introduction to Warren Buffett's investment philosophy with an appropriate amount of time devoted to people that have influenced him . This was by no means a comprehensive overview of all his investments and thier rationale. This would be a good audiobook for those who are not familiar with Buffet's investment strategies.

Author Details

Author Details

Hagstrom, Robert G.

Robert Hagstrom is Senior Vice President and Director at Baltimore-based Legg Mason Focus Capital, a global financial services company over 100 years old. Its clients include corporations, individual investors, and government entities. Legg Mason's core businesses are investment advisory services, securities brokerage and capital markets. Previously, Hagstrom was the principal and vice president of Lloyd, Leith & Sawin; senior investment officer with First Fidelity bank; and an investment broker for Legg Mason Wood Walker. Hagstrom's latest major work is Latticework (cloth) and The Art of Inve