The New Buffettology is the first guide to Warren Buffett's selective contrarian investment strategy for exploiting down stocks. This audiobook guides listeners through opportunity-rich bear markets, and step-by-step through the equations and formulas Buffett uses to determine what to buy, what to sell - and when. Authors Mary Buffett and David Clark explore Buffett's recent investments in detail, proving time and again that his strategy has earned enormous profits at a time no one expects them to - and with almost zero risk to his capital.
The New Buffettology is an essential companion to the original Buffettology, a road map to investment success in the worst of times.
©2002 Mary Buffett and David Clark. All rights reserved. (P)Simon & Schuster, Inc.
Based on the reviews and the author's affiliation with the legendary investor, I thought there would be many insights on Buffett's investment approach. There is none. This is a watered-down, elementary level explanation of Buffett's most basic investment principles, and some of the explanations are questionable and strenuous, like the definition of a "durable competitive advantage". This is not about Buffet's investment approach; it's a weak attempt by someone to try to interpret Buffet's investment style and is full of cliches. For example: Buy Hershey chocolate; it has a good brand and doesn't spend much money on R&D. Buy when it is cheap, not when it's expensive.
If you don't know that a company's "[stock] market capitalization" equals price per share multipled by number of shares outstanding, this is for you. If not, don't waste your money.
This was a terrific little book about how America's most suucessful investor has made his billions. It is not technical, though it was a terrific insight for a beginner like me.
When all is said and done, his system looks like this, find great companies and buy them when Mr. Market is depressed. Have I given away the secret of the book. No, I am sure lots of people hade said and done the same. Mr. Buffet just happens to be very, very good at it. Will this book make you as successful as Mr. Buffet? Probably not, but there is a good chance you will get some insights that will help you on your own way to financial independence.
When I first learned that Mary Buffet would be reading the book herself, I was a little skeptical. However, I found her voice to be very pleasing and her delivery well paced and easy to understand. Overall, I would say it was a good read; well worth the money spent.
Clear, concise and educational. I found this book to be very focused on the issues I was really interested in hearing about. Selective Contrarianism, Durable Competitive Advantage etc. Worth the money.
Warren Buffett is simply the great investor of all time. His investment style is not complex, far from it... but it is different than what may follow. Learning more and more about this amazing investor has helped me manage more of my own money and to get good returns. I enjoy how these two authors (who have jointly written a number of books on Warren Buffett's investment style) explain the investment style so well.
A bit dry
While many of the insights were already being applied from other books on this investment approach, this book provides a good summarizing of the approach and how it applies to some of the investments being made by Buffett at the time.
If anyone is interested in learning about Buffetology (the name sometimes given to the study of Warren Buffett's investment style), this is a very good start. The two authors have written a number of good ones, as have other writers. This book is a very good start...:)
This book explains stock investing in a way that makes sense with practical examples. Good for the pro and great for the beginner!
"An excellent read!"
This book is extremely interesting whether you are interest in "playing the stocks" or not. Mary Buffett is the narrator and I have to say she does an excellent job. It's extremely easy to listen to and to follow.
The basic trust of this book is to look for stocks that are under valued, have an excellent history and track record and are not price competitive. The author gives details on how to evaluate these companies using simple formulas so that you can select a stock that will give you a return in the double digit arena. The book also gives you a 10 step plan to evaluate the company to see if it's a "Buffett" company... these 10 steps are extremely well laid out and explained beautiful with financial information to back them up.
Some of the introduction of the book is quite amazing if you know little about the man Warren Buffett, who apparently started his first business at the age of 6!! Left home at 13 and had made over $6000 by the age of 18. His early life really shows a man who was driven from an early age.
In summary, if you are interested in investing for the long term, this is certainly the book for you and I would also recommend "The intelligent Investor" by Benjamin Graham... who incidentally was buffett's university lecturer. If you are however interested in market speculation and making risky "fast money" I would say choose another title.
PS. there is a workbook that you can buy separately that is excellent to help you understand the Math... highly recommend both.
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