Inside The Investments Of Warren Buffett

Author: Yefei Lu
Publisher: Columbia University Press
ISBN: 0231541686
Size: 67.31 MB
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Since the 1950s, Warren Buffett and his partners have backed some of the twentieth century’s most profitable, trend-setting companies, but how did they know they were making the right investments? Did Buffett take the lead on every decision, or was the key to act cooperatively? What did Buffet and his partners look for in an up-and-coming company, and is it possible for others to copy their approach? A gift to Buffett followers who have long sought a pattern to the investor’s success, Inside the Investments of Warren Buffett presents the most detailed analysis to date of Buffet’s long-term investment portfolio. Yefei Lu, a private investor, starts with Buffett’s interest in the Sanborn Map Company in 1960 and tracks nineteen more of his major investments in companies such as See’s Candies, the Washington Post, GEICO, Coca-Cola, US Air, Wells Fargo, and IBM. With rare access to partnership letters, company documents, annual reports, third-party references, and other original sources, Lu pinpoints what is unique about Buffett’s timing, instinct, use of outside knowledge, and postinvestment actions, and he identifies what could work for all investors with companies big and small, global and domestic. His substantial chronology accounts for broader world events and fluctuations in the U.S. stock market, suggesting Buffett’s most important trait may be his open and alert worldview.

Warren Buffett

Author: Ayano Morio
Publisher: John Wiley & Sons
ISBN: 1118179110
Size: 56.22 MB
Format: PDF, Kindle
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"Buffett has generously endowed us all with a sensible and intelligent roadmap for investing." —Robert G Hagstrom "Warren Buffett - The Oracle of Everything. He has been right about the stock market, rotten accounting, CEO greed, and corporate governance. The rest of us are just catching on." —Fortune "Warren Buffett has turned value investing into an art form, piling up the world's second largest individual fortune and persuading millions to mimic the low-tech, buy-and-hold style of stock picking he practices at Berkshire Hathaway." —Time "Buffett and Munger are, without doubt, two of the greatest investors and capital allocators of all time, so investors would be well served to study their thinking carefully." —The Motley Fool "Warren Buffett - Ace stockpicker, and now, an empire-builder." —BusinessWeek

What I Learned Losing A Million Dollars

Author: Jim Paul
Publisher: Columbia University Press
ISBN: 0231164688
Size: 24.92 MB
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Jim Paul's meteoric rise took him from a small town in Northern Kentucky to governor of the Chicago Mercantile Exchange, yet he lost it all--his fortune, his reputation, and his job--in one fatal attack of excessive economic hubris. In this honest, frank analysis, Paul and Brendan Moynihan revisit the events that led to Paul's disastrous decision and examine the psychological factors behind bad financial practices in several economic sectors. This book--winner of a 2014 Axiom Business Book award gold medal--begins with the unbroken string of successes that helped Paul achieve a jet-setting lifestyle and land a key spot with the Chicago Mercantile Exchange. It then describes the circumstances leading up to Paul's $1.6 million loss and the essential lessons he learned from it--primarily that, although there are as many ways to make money in the markets as there are people participating in them, all losses come from the same few sources. Investors lose money in the markets either because of errors in their analysis or because of psychological barriers preventing the application of analysis. While all analytical methods have some validity and make allowances for instances in which they do not work, psychological factors can keep an investor in a losing position, causing him to abandon one method for another in order to rationalize the decisions already made. Paul and Moynihan's cautionary tale includes strategies for avoiding loss tied to a simple framework for understanding, accepting, and dodging the dangers of investing, trading, and speculating.

Warren Buffett Wealth

Author: Robert P. Miles
Publisher: John Wiley & Sons
ISBN: 9780471656746
Size: 50.41 MB
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The strategies and techniques of THE investment legend Warren Buffett Wealth follows the world's greatest investor from the beginning of his career, as he takes a 100-dollar investment and turns it into one of the most successful multibillion-dollar companies in the world. By carefully detailing how Buffett began his career and discussing what he learned from Benjamin Graham, this book reveals the true secrets to Buffett's success. Readers will see how Buffett reached the pinnacle of his profession by following certain key principles such as investing in old-style traditional American companies, holding the companies forever, and hiring and keeping the same managers. Robert P. Miles (Tampa, FL) is a writer, speaker, and consultant. He is also the author of The Warren Buffett CEO (0-471-44259-3) and 101 Reasons to Own the World's Greatest Investment: Warren Buffett's Berkshire Hathaway (0-471-41123-X).

Charles Schwab

Author: John Kador
Publisher: John Wiley & Sons
ISBN: 9780471434313
Size: 27.64 MB
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Schwab's revolutionary approach to success in the face of adversity Since its founding in 1973, Schwab has led the full-brokerage market by stressing customer service. Today, Schwab has established itself as a company with a unique identity: old-fashioned integrity meets technology-empowered financial services. Charles Schwab tells the compelling story of this organization's uncanny ability to reinvent itself around an unchanging set of core values. This book is organized into five sections, each representing a critical juncture for the company when it was forced to reinvent itself or be consumed. Along the way, Kador highlights Schwab's immutable laws, direct from the Chairman and CEO: 1) Create a cause, not a business; 2) the corporate vision is only as good as the values of its culture; 3) welcome upheaval. In the whirlwind economic environment we currently face, Charles Schwab provides readers with valuable lessons on how businesses can survive and thrive in any situation.

Book Of Value

Author: Anurag Sharma
Publisher: Columbia University Press
ISBN: 0231541694
Size: 42.89 MB
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The financial markets are incredibly noisy and full of opinions, innuendo, and misinformation. They overwhelm the senses, confuse, and disorient, inviting all kinds of deception. No lesson on investing is complete without accounting for the emotional and psychological biases that can lead investors astray and how to correct for those biases. Analytical techniques are useless if they are not integrated into a well-conceived decision framework that recognizes how we are wired to perceive the world around us. That is why Book of Value looks to philosophy and psychology to redefine modern portfolio theory for investors at all skill levels. Building off of the philosophy of Thomas Kuhn and Karl Popper, Anurag Sharma defines an “art of looking” that blocks out the din of the market and pinpoints deep value. Sharma outlines how to be mindful of psychological biases, frame investment decisions, and correctly apply key analytical techniques to build lucrative and durable stock portfolios. A groundbreaking guide full of lasting value, this book should be on the shelf of anyone who takes investing seriously.

Buffett S Bites The Essential Investor S Guide To Warren Buffett S Shareholder Letters

Author: L. J. Rittenhouse
Publisher: McGraw Hill Professional
ISBN: 0071743251
Size: 19.79 MB
Format: PDF, Mobi
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INVESTING PRINCIPLES FROM THE MASTER Ignore Sound Bites That Rattle Markets Treat Market Pessimism as Your Friend Do the Little Things Right Protect Your Capital When the Facts Turn Upside Down Rely on CEOs Who Nurture Healthy Corporate Cultures Remember That Large, Unfathomable Derivatives Are Still Financial Weapons of Mass Destruction Seek Simplicity and Candor Millions of people download Warren Buffett's shareholder letters, searching for tips from the world's greatest investor. Many miss the best part of his letter: his principles. It is their loss. Following these principles, Buffett has turned Berkshire Hathaway, a struggling textile manufacturer, into one of the most respected companies in the world. Early investors have become billionaires. This essential guide to Buffett's shareholder letters highlights what the pundits aren’t telling you and what you can learn about building long-lasting wealth. Warren Buffett is one of the most successful investors in history. His annual letters to Berkshire Hathaway shareholders have attained legendary status among Wall Street and Main Street investors. Each informative and entertaining letter offers lessons about life, business, and the art of investing that are essential to creating long-lasting wealth. They are based on Buffett's dogged pursuit of the Golden Rule of ownermanager partnership: Treat shareholders the way you would want to be treated—if you were in their place. In Buffett's Bites, L. J. Rittenhouse, CEO candor expert and former Wall Street banker, serves up an in-depth look at Buffett’s 2008 shareholder letter, highlighting 25 tantalizing nuggets of wisdom. These "bites" afford an inside look at Buffett's unconventional ways that have created Berkshire Hathaway's unrivaled success. With unflinching honesty and insight, the "Oracle of Omaha" talks candidly about today’s turbulent market: what makes a company worth investing in; why you shouldn't panic when experts insist "the sky is falling"; when to re-evaluate your portfolio; and how to invest safely and wisely for the long haul. Each savory bite is enhanced with practical information and a timeless moral that can be applied to your own wealth-building strategies.

Pilgrimage To Warren Buffett S Omaha A Hedge Fund Manager S Dispatches From Inside The Berkshire Hathaway Annual Meeting

Author: Jeff Matthews
Publisher: McGraw Hill Professional
ISBN: 0071601988
Size: 60.32 MB
Format: PDF, Docs
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They come to Omaha by the tens of thousands, flocking to an annual meeting that has become legendary for investors, businesspeople, and fans of one of the most savvy capitalists on the planet. They come to eat steak, buy furniture at a discount, and bask in the brilliance of value investor extraordinaire, Warren Buffet. Hedge fund founder, financial blogger, and professional skeptic Jeff Matthews got his own highly-coveted ticket to the Berkshire Hathaway meeting held only for shareholders and their guests--and proceeded to post reports on his blog, offering tempting glimpses into the much-discussed meeting. Now Matthews delivers a full-length account of his adventures at this infamous financial hoedown. In addition to offering a thoroughly entertaining first-hand account of Berkshire Hathaway's meeting, he answers questions investor's are asking, including: Does Buffett's famed penny-pinching cripple his companies? Why does Buffet--a bridge partner and best friend of Bill Gates--not own any technology stocks? How does the extremely rational Buffett square his well-known social progressiveness with his lily-white audience of investors? Is Buffet really an "Oracle"? What information, insights, and ideas do the meeting's attendees pick up-and how do they put this information to use in their own investments? Will Berkshire-Hathaway survive his death? Matthews also applies his financial acumen to harvesting potent lessons from his experiences that you can use as you survey the investment field, from finding how the world’s greatest investor evaluates not only businesses but the people who run them, to the importance of “just reading and thinking” and the value of having a smart, cynical partner. With the dispatches from this exclusive financial carnival, Pilgrimage to Warren Buffett's Omaha puts you at the forefront of an investor's dream come true. "There are very few secrets to be revealed about a man who really doesn’t have many secrets. But this book does take you inside that secret place – the Mecca of the Midwest. It’s very easy to read and full of classic Buffett-isms – well worth the pilgrimage for those of us who don’t own any Berkshire Hathaway shares or for anyone who wants to learn more about investing from the man who says the first rule of investing it to, 'read everything.'" --CNBC.COM

Building The Next Berkshire Hathaway

Author: Daniel Braem
Publisher:
ISBN: 9781608606115
Size: 55.63 MB
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It is becoming more and more difficult to find well-managed companies in today's business world. The recent financial blowups demonstrate the overriding lack of respect for shareholders. For their own benefit, management risks shareholder assets without restraint. If the risky bets pay off, bonuses are awarded. If the risky bets fail, it is no loss to management and they may just get a hefty severance package in the process. However, from back in the 1960s, one man, Warren Buffett, has dedicated himself completely to his shareholders. In managing Berkshire Hathaway, Buffett took a company worth $40 per share and built it into and empire worth close to $100,000 per share in today's market. In spite of this incredible success, very few of Buffett's actions are replicated in modern business practices. Building the Next Berkshire Hathaway outlines the business principles that helped establish this company as one of the best run in U.S. history. Whether you are an investor who wants to be able to recognize the potential for business success or an executive ready to establish policies that benefit your shareholders, this book is an indispensable resource. There are a number of books that will tell you how to invest like Warren Buffett-this book takes it a step further to show how his success as a CEO was tied to his treatment of shareholders.

The Buffett Essays Symposium

Author: Lawrence A. Cunningham
Publisher: Harriman House Limited
ISBN: 0857195395
Size: 39.38 MB
Format: PDF
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Among the landmark occasions in the legendary history of Berkshire Hathaway and its iconic co-leaders, Warren Buffett and Charlie Munger, was a 1996 symposium held in New York at Cardozo Law School. The focus of the symposium was Warren's letters to Berkshire shareholders. The format was a series of panels with two dozen different experts dissecting all the ideas in the letters, about corporate governance, takeovers, investing, and accounting. Intellectual sparks illuminated the two-day affair, which drew unusual press interest for an academic convocation. While the principal tangible result of the conference was the publication of the international best-seller, The Essays of Warren Buffett: Lessons for Corporate America, the transcript of the symposium is now being made available with annotations and updated commentary that show just how timeless the topics are and how venerable the principles Buffett laid out remain. I had the honor of hosting the event, editing The Essays, and now publishing this archival treasure, with current assessments by such luminaries as Robert Hagstrom as well as several participants from the original symposium.