The Warren Buffett Portfolio: Focus Investment Strategies of the World's Greatest Investor - Couverture rigide

Hagstrom, Robert G.

Couverture rigide

ISBN 10 : 0471247669 ISBN 13 : 9780471247661

Editeur : John Wiley & Sons Inc, 1999

Synopsis

This text encapsulates the author's ability to discover investment trends, while clearly introducing them to the lay reader. By controversially debunking the conventional investment routes, Hagstrom uses research to identify an approach that goes against the grain of industry biases and tackles the status quo, overriding the long-term performance of active investing and indexes. The solution to mediocre returns, as he sees it, is in the practice of focus investing - a method that calls for the long-term optimisation of capital by concentrating on select businesses. Hagstrom shows readers how to identify these particular companies and why this method is most rewarding. He also outlines the strategies and philosophies of focus investing in detail, and shows readers how to implement them.

A propos du livre

Quatrième de couverture

The Warren Buffett Way provided the first look into the strategies that the master uses to pick stocks. A New York Times bestseller, it is a valuable and practical primer on the principles behind the remarkable investment run of the famed oracle of Omaha. In this much–awaited companion to that book, author Robert Hagstrom takes the next logical step, revealing how to profitably manage stocks once you select them. The Warren Buffett Portfolio will help you through the process of building a superior portfolio and managing the stocks going forward.

Building a concentrated portfolio is critical for investment success. The Warren Buffett Portfolio introduces the next wave of investment strategy, called focus investing. A comprehensive investment strategy used with spectacular results by Buffett, focus investing directs investors to select a concentrated group of businesses by examining their management and financial positions as compared to their stock prices. A strategy that has historically outperformed the market, focus investing is based on the principle that a shareholder′s return from owning a stock is ultimately determined by the economics of the underlying business.

Hagstrom explains in easy–to–understand terms exactly what focus investing is, how it works, and how it can be applied by any investor at any level of experience. He demonstrates how Buffett arranges his stocks in a focus portfolio and reveals why this is as responsible for his incredible returns as the individual stocks he picks. Ultimately, Hagstrom shows how to use this technique to build and manage a portfolio to achieve the best possible results.

In order to clearly outline the strategies and philosophies of focus investing, The Warren Buffett Portfolio draws on the collective wisdom of Warren Buffett and other mavens of focus investing, including economist John Maynard Keynes and investors Philip Fisher, Bill Ruane of the Sequoia Fund, Lou Simpson at GEICO, and Charlie Munger, Vice–Chairman of Berkshire Hathaway.

Where The Warren Buffett Way provided the necessary tools to pick common stocks, The Warren Buffett Portfolio supplies you with the structure for organizing them into a focus portfolio and the intellectual framework needed to manage it. Together, they offer the ultimate road map to success for individual investors who choose to manage their own portfolios.

Advance Praise for The Warren Buffett Portfolio.

"This is an outstanding investment book and an important one. In The Warren Buffett Way, Robert Hagstrom explained how Warren Buffett invests. In The Warren Buffett Portfolio he explains how you can become a better investor. Studied carefully and taken to heart, the principles and methods covered in this book will profit the novice and professional alike. A rare achievement."–Bill Miller, President, Legg Mason Fund Advisor, Inc. and Morningstar′s 1998 Domestic Equity Fund Manager of the Year.

"Thank you, Robert Hagstrom, for the finely honed thinking, the clear writing, and the simple strategies that help all of us be more successful at one of life′s most intriguing and intimidating tasks: investing our money."–Janet Lowe, author of Warren Buffett Speaks and The Rediscovered Benjamin Graham.

"Does your favorite mutual fund own too many stocks for its own good? Do fewer stocks produce happier returns? Hagstrom makes a persuasive and provocative case."–John Rothchild, author of The Bear Book: Survive and Profit in Ferocious Markets.

Acclaim for the New York Times bestseller.

The Warren Buffett Way.

"Simply the most important new stock book of the 1990s, to date. Buy it and read it."–Kenneth L. Fisher, Forbes.

"An extraordinarily useful account of the methods of an investor held by many to be the world′s greatest." –The Wall Street Journal.

Biographie de l'auteur

ROBERT G. HAGSTROM is the author of The Warren Buffett Way: Investment Strategies of the World′s Greatest Investor and The NASCAR Way: The Business That Drives the Sport. Hagstrom is Senior Vice President and Director of Legg Mason Focus Trust.

Détails de l'édition

• Éditeur: John Wiley & Sons Inc
• Date d'édition: 1999
• Langue: anglais
• ISBN 10: 0471247669
• ISBN 13: 9780471247661
• Reliure: Relié
• Nombre de pages: 256
• Coordonnées du fabricant: non disponible
• Personne responsable: non disponible