Mary Buffett and David Clark look at stocks in Warren’s portfolio as the basis for books in Buffett and Clark’s successful series—Buffettology, The Buffettology. David said: A beginners guide to value investing21 April I just clicked on Mary Buffett’s name on David Clark Mary Buffett, former daughter-in-law of this legendary financial genius and a succes In the world of investing, the name. The new Buffettology: the proven techniques for investing successfully in Warren Buffett the world’s most famous investor / Mary Buffett and David Clark. p. cm.
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But he was a very good writer and a very good teacher and a brilliant man, one of the only intellectuals — probably buffettologu only intellectual — in the investing business at the time. In Buffett’s own words:. This book essentially combines the qualitative investment philosophy that Warren talks about a great deal about buffegtology with the quantitive aspects he rarely talks about directly.
She has been the principal speaker for prestigious organizations around the world.
The New Buffettology
Designed to teach investors how to decipher and use financial information the way Buffett himself does, this book guides investors aand opportunity-rich bear markets, walking them step-by-step through the equations and formulas Buffett uses to determine what to buy, what to sell — and when. Mary Buffett had the privilege — during her twelve years as his daughter-in-law — of sharing some of this very private genius’s informal discussions of his investing philosophy, and now she shares some of her invaluable observations with us.
Sustainable competitive advantages are advantages that are not easily copied and, thus, can be maintained over a long period of time. Contradictory ideas are not explained. Some say that Buffett’s success is not just due to the fact that he is a great stock picker, but also because he has been able to finance his investments with cheap money.
Lessons from Buffettology (Summary)
If you are curious as to how the world’s richest man did it, READ this book. She provides a lot of quantitative data that is useful for reverse-engineering Warren Buffett’s portfolio. See full terms and conditions and this month’s choices.
One downside of this book is having been published insome of the case studies featured in this book turned out to be pretty bad businesses. I’ve applied the formulas to several large cap stocks in a fantasy portfolio.
Sep 05, Alvin Lim rated it really liked it Shelves: According byy the authors, Buffett places a tremendous importance on retained earningswhich is the The amount of money a company earned after deducting all costs of doing business, often referred to as ‘the bottom line’.
It’s simple, but difficult to apply.
buffettologyy Jul 09, Sharang Limaye rated it liked it. If you are interested in investing in stocks, read this book. You also have to be able to live off of a fraction of your earnings until you start to really roll in the dosh — that means patience and a willingness to forego instant gratification.
There is a lot more to it. There are some good points in this book, like not forgetting about taxes and inflation, which most people do not consider in their calculations when determining if they made a profit.
Nov 25, Douglass Gaking rated it really liked it Shelves: Without some predictability of future earnings any calculation of future value is mere speculation. Will dig into deeper next time. For five decades, Warren Buffett has been making himself one of the wealthiest men in the world, amassing more than 30 billion dollars by nuffett in the stock market.
Even more amazing, this incredible rate of return was produced with very low rates of risk. Published June 8th by Scribner first published Predictable product, predictable profits. Jul 16, Buffetttology rated it it was amazing.
Mary Buffett – Books For Sale
The book also mentions another very interesting idea: Its a good book only for starters. In this regard, and almost every other, the book was a miserable failure. The chapters, even thought already short, could have been shortened or even combined. If, on the other hand, you purchase a great company with a durable competitive advantage, what Buffett calls a abd monopolyand which is able to consistently compound its returns at above average rates, the price you pay becomes less of an issue, because such a company will see its value steadily increase over time.
The biggest takeaway is that you need to invest anx lot buffettooogy time and effort in finding companies that have certain favorable economics working to it’s advantage, pay a reasonable price and stay patient.
Lessons from Buffettology (Summary)
All the true advice in the book is pretty obvious and better available elsewhere. So what is the main characteristic of a wonderful business?
The discussion of Warren’s qualitative approach is nothing new if you’ve heard any of Warren’s talks or if you’ve read buffettologgy of his shareholder letters. Thank you for signing up, fellow book lover! This way he is essentially able to let his tax money work for him by letting it compound until he finally decides to sell his stocks.
Mar, be wary of the fact that this figure is highly susceptible to manipulation by management.