A detailed look at how Warren Buffett really invests
In this engaging new audiobook, author Prem Jain extracts Warren Buffett's wisdom from his writings, Berkshire Hathaway financial statements, and his letters to shareholders and partners in his partnership firms. Jain uncovers the key elements of Buffett's approach that every investor should be aware of.
With Buffett Beyond Value, you'll learn that, contrary to popular belief, Warren Buffett is not a pure value investor, but a unique thinker who combines the principles of both value and growth investing strategies. You'll also discover why understanding CEOs is more important than studying financial metrics; and why you need an appropriate psychological temperament to be a successful investor.
With this audiobook as your guide, you'll learn how to successfully invest like Warren Buffett.
©2010 Prem C. Jain (P)2012 Audible, Inc.
This is the best on Warren Buffett's investment strategies that I have read so far. And I have read many...
The part I like most was the chapter on financial ratios. Jain gives more than just abstract narrative and actually discusses financial mathematics, with examples, in a case-study like format. I believe such an approach at once makes the advice about value investing very practical and actionable.
Jain is a professor of finance at Wharton. I was surprised to see that somebody coming from academy could openly and favorably expound Buffett style investing strategies which challenge many of the current academic dogmas. Efficient Market Hypothesis , or its many variants, continues to becloud the investment management and financial econometrics as pedagogies at many of the B-schools. To Jain's credit , he has not allowed his theoretical finance background hamper his exposition of what has been seen to be holding true in practice.
Another guy who does this very well is Joel Greenblatt, who is essentially a Hedge Fund manager dabbling in academics as a hobby. I endorse his books too for the practitioners of value investing. Greenblatt, however, has evolved his own unique quantitative style with value investing as the base.
If you have never read any book on Warren Buffett style investing, this is perhaps the only book you might want to read if you do not want to read too many. You could for sure give Mary Buffett's books a pass after reading this one. The same goes for the rest of the cottage industry which has developed around writing books on Buffett, cycling the same content in different ways.
Loved it there were many great insights and no unnecessary history about him personally that is not as useful and is summarized well in other books.
I was disappointed. This book was written for the complete novice. Takes too much time explaining beginner concepts, such as describing how assets depreciate or explaining how Goodwill isn't good feelings toward a company. He also draws conclusions and makes simplistic investment recommendations that are only loosely connected to Buffett...I'm not at all convinced Buffett would agree with at least half of them. MAYBE good for a high school kid who has never read another book on WB.
the lessons are good
the topic has potential but the reader is pretty bad
Mike Chamberlain needs a different job
it was worthwhile to learn about most the subsidiary companies, and their history as most of them do, under berkshire hathaway and other similar companies by comparison to Berkshire. Also explanations on why Buffett may have sold early on certain stock. Otherwise most of it was just reiterating the common value investing principles and strategies.
"Well organised audiobook"
Considering that the author had to write this book based on info he could find BY HIMSELF it's pretty good.
It's not life changing, but I'm glad I took the time to listen to it.
Narrator let's it down a bit though.
"An amazing book"
I have read many books about Warren's Buffett investing principles and this one belongs among the best.
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