What will you learn from this book
Take-Aways
• If you cannot understand a company’s business model, then do not invest in it simply because it was recommended by someone.
• Smart investors avoid a diversified portfolio. They believe in focus investing.
• If you are confident in your investments, then the volatility in the day-to-day stock market is insignificant.
• Read annual reports and trade reports. To understand those, you should know accounting which is the language of business.
• Don’t judge a company by its short term prices. A better way is to check its return on equity, operating margins and cash generating capability.
• In investing, discipline and temperament are more important than your IQ.
| Language | English |
|---|---|
| ISBN-13 | 9780739315705 |
| No of pages | 262 |
| Font Size | Medium |
| Book Publisher | John Wiley & Sons |
| Published Date | 12 Nov 2004 |
About Author
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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.
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