Billionaire Warren Buffett is without a doubt one of the world's greatest investors. And this easy-to-read book written by his one-time daughter-in-law, Mary Buffett, captures the very essence of his investment strategy and management ideas in the most accessible form ever.
In The Tao of Warren Buffett you will find out the "secrets" of Warren Buffett — America's greatest stock investor ever.
Had you invested just $10,000 in Buffett's holding company Berkshire Hathaway in 1965, your investment would be worth nearly $30 million today.
In contrast, $10,000 in the S&P 500 would have risen to roughly $500,000.
Do you need to be a genius to accumulate wealth like Buffett?
In The Tao of Warren Buffett you'll discover the answer is a resounding "no."
Buffett believes that anyone with common sense and a sound investing philosophy can make a fortune investing.
In The Tao of Warren Buffett you'll find out for yourself 125 of Buffett's most important investment principles — easily explained with a quote from the Sage of Omaha himself.
Warren Buffett |
Buffett laughs at the idea that so many Americans depend on investment brokers to make their investment decisions — when these same investors are usually smarter and more successful than their brokers.
He also disdains the investment view that one should buy and sell constantly — and make the big brokerage houses rich.
Buy and keep valuable stocks — Buffett reminds you they are not stocks but are businesses — and hold on to them as they accumulate real value, Buffett argues.
No more stock tickers, computerized trading programs, constant limit orders to your broker.
Sit back and watch your portfolio grow and grow!
Buffett made his fortune by being a true contrarian investor. He avoids the herds. He avoids fads. He avoids manias.
Making Buffett's ideas even more accessible, The Tao offers 125 quotes subdivided into 13 groups, including Getting and Staying Rich . . . Warren's Mentors . . . Analysts, Advisers, Brokers — Follies to Avoid . . . When to Sell, When to Leave . . . and Long-Term Economic Value Is the Secret to Exploiting Short-Term Stock Market Folly.
Unlock the Secrets of Warren Buffett to Build Wealth
By reading a few quotes and comments each day, the "Buffett Way" to wealth will really sink in, and you will really grasp the simple yet profound principles enabling you to become and stay wealthy.
The Tao of Warren Buffett makes Buffett's investment strategy extremely accessible, and includes such nuggets as:
- Why Warren Buffett drove an old VW Beetle for so long (it could have been worth $1,000,000).
- The secret stock lesson Buffett uncovered at the age of 11 — he still uses it today.
- How to find companies that are "one wonderful business."
- What Buffett means when he says, "Invest like a Catholic."
- The real reason Buffett won't even look at business projections that stock analysts put out.
- Buffett's famous baseball analogy and what it means to look for the "perfect pitch."
- "You don't have to try to get rich overnight to eventually get rich" using Warren's sure-fired methods.
- How to follow the business, not the stock price.
- Why Buffett never would have lost money in GM and Ford and his key advice for investing in value stocks.
- Use Buffett's "10 to 15 years' time" frame when looking to invest in a new business.
- What Buffett means when he says, "Never ask a barber if you need a haircut."
- Why Buffett believes "simple behavior is more effective" and why the so-called priests of Wall Street are so dangerous.
- Avoid diversification! As Buffett says, "It makes very little sense for those who know what they're doing."
- How to employ Buffett's "few well-chosen eggs" strategy.
- Don't turn your stock into your pet. It isn't human.
- The real reason Warren Buffett always avoids initial public offerings.
Yes, The Tao of Warren Buffett offers tons of practical investment advice.
It is a MUST-read for all investors and managers. And a great permanent addition to your library that you will want to read again and again.
The Tao of Warren Buffett inspires, amuses, sharpens the mind, and offers priceless investment savvy that anyone can take to the bank. This irresistibly browsable and entertaining book is destined to become a classic.
"This is destined to be the business world's Little Red Book that investors and managers will resort to over and over. David Clark and Mary Buffett have again captured the heart, soul, and ethos of Warren Buffett — giving us practical, lasting strategies we can use to improve our financial performance."
— Timothy Vick, Senior Portfolio Manager, The Sanibel Captiva Trust Co., and author of How to Pick Stocks like Warren Buffett.
Mary Buffett is an author and lecturer on investing and was married to Warren's son Peter for 12 years. She and David Clark — a long-time friend of the Buffett family who is a portfolio manager, attorney, and lecturer on the subject of Buffettology — are the best-selling authors of the internationally acclaimed investment books Buffettology, The New Buffettology, and The Buffettology Workbook.
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