New Releases by Robert G. Hagstrom

In the 30th Anniversary Edition of The Warren Buffett Way, celebrated author and investor Robert Hagstrom delivers the definitive version of his bestselling compendium of the investment strategies made famous by Warren Buffett. The Warren Buffett Way describes the twelve investment tenets of Warren Buffett''s strategy called business-driven investing and his distinct approach to managing a portfolio of businesses. You''ll learn how you can apply these same principles to building your own portfolio and find discussions on the psychology of long-term investing, its optimal benefits, and how to avoid the most common pitfalls and mistakes encountered by investors. This latest edition includes: A new author preface to complement the existing forewords from Peter Lynch, Bill Miller, and Howard Marks. Insights on how to achieve worldly wisdom advanced by Warren Buffett''s longtime business partner Charlie Munger. Footnotes and references to academic work that supports and expands on Warren Buffett''s investment approach and portfolio management. The complete Berkshire Hathaway common stocks portfolios from 1977-2021.

Ob Sport, Musik, Kunst oder Wissenschaft – stets gibt es Namen, die auch dem Laien etwas sagen und die für Perfektion, Vollendung oder zumindest höchste Meisterschaft stehen. Franz Beckenbauer, John Lennon, Andy Warhol oder Albert Einstein – jedermann weiß Bescheid. In Sachen Börse ist Warren Buffett so ein Name. Der erfolgreichste Investor der Welt, verehrt und (meist mit weniger Erfolg) kopiert von Millionen. Eine Ikone. Unter all den Büchern, die über ihn geschrieben wurden, ist das hier das Meisterwerk: "Sein Weg" – wie es kurz genannt wird – von Robert Hagstrom. Millionenfach verkauft und jetzt 30 Jahre alt. Zur Feier gibt es eine Neuauflage – Strong Buy!

En "Cómo piensa Warren Buffett: dentro de la mente del mejor inversor del mundo", Hagstrom abre nuevos caminos con un profundo análisis de la sabiduría esencial de Buffett: un rico mosaico de ideas y conocimientos de muy diversos ámbitos de lo que Buffett llama “Money Mind”. ¿Qué es exactamente una Money Mind? Por un lado, es una forma de pensar sobre los grandes asuntos financieros, como la asignación de capital. Por el otro, es la síntesis de una mentalidad general para invertir con éxito en un mercado de valores que hoy alcanza unos ritmos vertiginosos; una mentalidad que se basa en el aprendizaje, la adaptación y el hacer caso omiso al ruido irrelevante. Este libro no es un método. Es un libro sobre formas de pensar. "Cómo piensa Warren Buffett: dentro de la mente del mejor inversor del mundo" explica las filosofías de la confianza en uno mismo, el estoicismo, el racionalismo y el pragmatismo, y cómo contribuyen a las decisiones de inversión inteligentes. También se hace un repaso general de la evolución de la inversión en valor; se explica cómo desarrollar una mentalidad inversora orientada a la empresa y describe los rasgos que definen el éxito de la gestión activa. Por último, analiza algunas facetas sorprendentes de una Money Mind: las del deportista, el maestro y el artista. En resumen, "Cómo piensa Warren Buffett: dentro de la mente del mejor inversor" ayuda a los lectores a comprender los componentes básicos de una Money Mind, para que puedan empezar a incorporar sus principios al servicio de una vida de valor.

En una carrera financiera que abarca casi sesenta años, Warren Buffett ha tenido que afrontar un número infinito de desafíos, alcanzando siempre un éxito sin precedentes. Su humildad, su integridad moral y su honestidad intelectual no solo han hecho que millones de inversores le aprecien, sino que lo han convertido en objeto de estudio por parte de todos aquellos que deciden seguir una carrera financiera. En esta nueva edición, Hagstrom sitúa la filosofía de inversión del “Oráculo de Omaha”, muy alejada de los excesos del mercado, en la perspectiva histórica correcta y, al mismo tiempo, muestra cómo podemos utilizar este enfoque de forma eficaz en nuestro propio provecho. Después de recorrer con detalle su trayectoria personal y profesional, Hagstrom pasa a examinar las personalidades, desde Benjamin Graham y Philip Fisher hasta Charlie Munger, que han influido en la visión financiera de Buffett. A continuación, se explora el método de Warren Buffett pieza por pieza, demostrando que lo que hace Buffett no está más allá de las habilidades intelectuales de ninguno de nosotros, y cómo su método para comprar y vender acciones se basa en doce sólidos principios a los que no afectan las modas. A través de información de primera mano, Hagstrom explica cómo estos principios sustentan muchas adquisiciones (Coca-Cola, IBM, Heinz), las razones fundamentales que hay tras ellas y por qué concentrar las inversiones simplifica la gestión de la propia cartera de acciones. Pero no solo eso: también se analizan los retos psicológicos que debemos superar para gestionar una cartera con el método Warren Buffett y el papel que desempeña la paciencia en las inversiones a largo plazo. Puede que aprender los principios de Warren Buffett y basar sus inversiones en ellos no nos haga ricos, pero nos ayudará sin duda a administrar mejor nuestra cartera de acciones y a hacerla más rentable con el tiempo.

An insightful new take on the life and work of one of the world''s most remarkable investors: Warren Buffett In the 30th Anniversary Edition of The Warren Buffett Way, celebrated author and investor Robert Hagstrom delivers the definitive version of his bestselling compendium of the investment strategies made famous by Warren Buffett. The Warren Buffett Way describes the twelve investment tenets of Warren Buffett''s strategy called business-driven investing and his distinct approach to managing a portfolio of businesses. You''ll learn how you can apply these same principles to building your own portfolio and find discussions on the psychology of long-term investing, its optimal benefits, and how to avoid the most common pitfalls and mistakes encountered by investors. This latest edition includes: A new author preface to complement the existing forewords from Peter Lynch, Bill Miller, and Howard Marks. Insights on how to achieve worldly wisdom advanced by Warren Buffett''s longtime business partner Charlie Munger. Footnotes and references to academic work that supports and expands on Warren Buffett''s investment approach and portfolio management. The complete Berkshire Hathaway common stocks portfolios from 1977-2021. An indispensable guide to the remarkable work and accomplishments of Warren Buffett, The Warren Buffett Way is a can''t-miss resource for professional and individual investors who want to learn from the world''s greatest investor.

PUJIAN UNTUK BUKU THE WARREN BUFFETT WAY ÒThe Warren Buffett Way menjelaskan mengenai karier Buffett dan memberikan berbagai contoh di masa kini tentang bagaimana teknik-teknik dan metode-metode investasinya kemudian berkembang, serta orang-orang penting yang terlibat dalam proses itu. Buku ini juga menjelaskan tentang berbagai keputusan investasi penting yang membuahkan sejarah kinerja yang tak tertandingi.Ó ?PETER S. LYNCH, penulis buku terlaris, One Up on Wall Street dan Beating the Street ÒBuku yang sangat berguna tentang metode seorang investor yang dianggap oleh banyak orang sebagai investor terbesar di dunia.Ó ?The Wall Street Journal ÒRobert Hagstrom memberikan penelitian mendalam tentang strategi-strategi Warren Buffett, serta Ôbagaimana dan mengapaÕ yang melatarbelakangi setiap pilihan sekuritas utamanya yang berkontribusi terhadap rekor kesuksesannya yang luar biasa. Kebijaksanaan dan filosofinya yang ÔsederhanaÕ juga merupakan bagian dari buku yang komprehensif, menarik, dan menyenangkan untuk dibaca ini.Ó ?JOHN C. BOGLE, founder and retired CEO, The Vanguard Group ÒSungguh luar biasa. Buffett mendapatkan banyak perhatian atas ajaran yang dia sebarkan, tetapi tidak ada seorang pun yang bisa menggambarkan dengan lebih baik apa yang dipraktikkannya daripada Hagstrom. Buku ini menggambarkan kenyataan dari setiap saham utama yang pernah dibeli oleh Buffett dan mengapa dia membelinya. Sungguh menarik. Anda bahkan bisa mencobanya sendiri.Ó ?JOHN ROTHCHILD, penulis buku terlaris, The Bear Book dan The Davis Dynasty ÒTidak ada seorang pun yang dapat menggambarkan dengan lebih baik apa yang dipraktikkan oleh Buffett selain Hagstrom.Ó ?Time ÒHampir semua orang yang penasaran mengenai hubungan antara perilaku ekonomi, kinerja perusahaan, dan naik turunnya pasar saham akan mendapatkan hal-hal yang menarik di buku ini.Ó ?The Economist

“Este livro contextualiza os princípios e o raciocínio do investidor mais inteligente da nossa era. É uma obra-prima.” – Lawrence Cunningham, organizador de As cartas de Warren Buffett Este não é um método de investimento, mas uma forma de pensar sobre como ganhar dinheiro. Neste livro, o gestor de capitais Robert Hagstrom mergulha na sabedoria de Warren Buffett para revelar as ideias e atitudes que compõem o que o megainvestidor chama de “Mente Monetária”. Uma Mente Monetária é um modo de pensar sobre grandes questões de finanças – como alocação de capital – e, ao mesmo tempo, um mindset que contempla o aprendizado contínuo, a adaptação e a capacidade de não se deixar levar pelos ruídos do mercado. Para atingir esse elevado estado mental nos investimentos, o autor nos convida a um passeio pela filosofia, mostrando o papel do estoicismo, do racionalismo e do pragmatismo nas inteligentes decisões de negócio de Buffett. Ele também explica como evoluiu o investimento em valor e traça paralelos com a arte e o esporte, revelando conexões surpreendentes e plenas de sentido. Este é um guia para entender os princípios da Mente Monetária de Warren Buffett e investir com sucesso em mercados cada vez mais imprevisíveis.

Neste livro, o famoso autor best-seller Robert G. Hagstrom examina os principais modelos mentais em Física, Biologia, Ciências Sociais, Psicologia, Filosofia, Literatura e Matemática e como ter conhecimento deles pode ajudar a ser um melhor investidor. Apesar de tratar-se de um livro sobre investimentos, não haverá instruções sobre como investir ou escolher ações. O objetivo é apresentar uma nova forma de pensar e um entendimento mais claro de como mercados e a economia funcionam e com base no conhecimento do famoso investidor americano Warren Buffett.

Robert G. Hagstrom ist einer der weltweit besten Kenner von Warren Buffett und Berkshire Hathaway. Zahlreiche Bücher aus seiner Feder, darunter der Weltbestseller "Warren Buffett: Sein Weg. Seine Methode. Seine Strategie.", legen davon Zeugnis ab. Doch auch ihn vermag das "Orakel von Omaha" noch zu verblüffen und zu inspirieren. Eine eher beiläufige Bemerkung auf der Berkshire-Hathaway-Hauptversammlung öffnete Hagstrom die Augen. Das Resultat ist sein neues Buch, in dem er Buffetts ganzheitliches Konzept von einem erfolgreichen Investor zeichnet und seine Anpassung an die gewandelte Investment-Landschaft – Stichwort Big Tech – analysiert. So treten bislang nicht beachtete Facetten zutage, die das Investment-Genie Buffett in einem neuen Licht erscheinen lassen.

真正過人的投資策略，是以常識作為基礎。 價值投資的經典之書， 記載偉大投資家的思維、信念、投資觀和成功之道。 華倫．巴菲特因其投資技術聞名，而有「奧馬哈先知」的稱號，不僅是投資贏家，也是投資怪傑。此外，他也被譽為「歷史上最優秀的投資者」，利用獨特的投資策略，為自己也為其投資人創造可觀的財富。 「我們所做的事，不超出任何人的能力範圍。」──華倫．巴菲特 ◆ 投資，要用經營者的角度 人人都想知道巴菲特如何創造龐大財富？其實他的策略簡單到令人難以置信！資深財務分析師羅伯特．海格斯壯用十年時間追蹤，寫成《巴菲特勝券在握》一書，歸納出巴菲特做投資決策時依據的四步驟、十二道基本原則。當多數人關心股價變化時，巴菲特則悉心觀察企業的全貌，若不夠了解企業經營的基本面，那投資人便很容易在出現一點小狀況時就被嚇跑。 ◆ 恐懼，是看重基本面財經分析者的密友 當人們對大環境事件的憂慮升到最高點時，事實上也是最佳交易的時機。巴菲特的投資策略不僅以「常識」為思考基礎，更揉合了二十世紀兩位投資大師，班傑明．葛拉漢與菲力普．費雪提點的奧義。葛拉漢提出「安全邊際」，協助巴菲特學習掌握起伏的情緒；費雪則給予巴菲特可行的方法學，使他能夠理性判定出好的長期投資。 ◆ 學習巴菲特評價一間企業的方法 當別人貪婪時，巴菲特戒慎。他僅使用熟稔的投資策略，避免任何可能產生巨大虧損的風險。無論是選出值得長抱的股票，或是管理自己的波克夏公司，這些原則構成他權衡投資策略的核心。 一、企業原則 這家企業是簡單可以了解的嗎？ 這家企業的經營歷史是否穩定？ 這家企業的長期發展遠景是否看好？ 二、經營原則 經營者是否理性？ 經營者是否對股東誠實坦白？ 經營者是否會盲從其他法人機構的行為？ 三、財務原則 這家企業的股東權益報酬率是多少？ 這家企業的股東盈餘有多少？ 這家企業毛利率高嗎？ 保留的每一塊錢盈餘都創造一塊錢的市場價值嗎？ 四、市場原則 這家企業有多少實質價值？ 這家企業能否以顯著的價值折扣購得？ 本書細數巴菲特買過的股票，並詳述每個選擇背後的「為何」與「如何」。不僅為巴菲特的成功做了種種見證，也是一般人能夠學習長期獲利的致勝之道。 常勝推薦 Jenny Wang JC趨勢財經觀點版主 Mr.Market市場先生 財經作家 安納金 財經作家 雷浩斯 價值投資者、財經作家 閱讀本書，請把自己當成一位企業分析師，懂得挑出值得長抱的好公司，才是真正的價值投資。──Jenny Wang／JC趨勢財經觀點版主 在投資領域，如果想讓成果更好，也許我們需要改變的並非投資技巧，而是讓自己的心態和以前有所不同。──Mr.Market市場先生／財經作家 此書當中所列舉的十二個原則，對我的啟發層面既深且廣……經過自己二十多年來的股海翻騰、進進出出，到最後來看，這些原則對我仍簡單好用，並且讓我心中十分踏實。──安納金／財經作家 在這些前所未有的動亂之中，持續複習巴菲特的選股智慧，確確實實是「勝券在握」的唯一法則。──雷浩斯／價值投資者、財經作家

Warren Buffett é o mais famoso investidor de todos os tempos e um dos mais admirados gestores da atualidade - além, é claro, de um dos homens mais ricos do mundo. Como ele se tornou tão bem-sucedido com a compra de ações e empresas? E, mais importante, que ensinamentos ele pode oferecer a quem deseja investir na Bolsa?Esta nova edição do já clássico livro de Robert G. Hagstrom traz tudo que você precisa saber sobre Buffett e suas técnicas, como: Os 12 princípios básicos que orientam suas compras de ações; sua formação intelectual e os mestres em que se inspira; seu foco no investimento a longo prazo; novos estudos de caso, com suas mais recentes aquisições (como IBM e Heinz); um aprofundamento do fascinante campo das finanças comportamentais, que explicam o que há por trás dos principais obstáculos enfrentados pelos investidores. Ao abordar de forma simples as estratégias da maior lenda dos investimentos, este livro o ajudará a enxergar o mercado financeiro com novos olhos, instigando-o a ter muito mais sucesso com seu portfólio.-Ninguém jamais descreveu as práticas de Buffett melhor do que Hagstrom. Aqui você encontrará a mais pura verdade sobre cada grande ação que Buffett já comprou e o motivo dessa compra. Fascinante. Simplesmente o mais importante livro sobre ações [-] Se você acha que sabe tudo sobre Warren Buffett, tem muito a aprender com esta obra. Forbes

歷久不衰的成功投資策略 數百萬股民的案頭經典 尊重邏輯，厭惡愚蠢；擁抱單純，避開複雜。 最偉大投資家的思考與哲學，值得每個人一讀再讀。 ▍想要看懂「大好時機」，先學會「像巴菲特的眼光」！ 巴菲特這位價值投資的傳奇人物何以持續擁有好績效？長期研究與觀察巴菲特的作者海格斯壯帶你有效學習巴氏投資法及其投資策略的精髓！《巴菲特勝券在握的十二個原則》逐步說明形成巴菲特投資法核心的事業、管理團隊、財務及價值守則，也審視巴菲特管理投資組合的做法，從中探討「穩中求勝」的致富方法。 ▍最好的投資點子，只有來自於你自己的腦袋。 想要高明投資，最好先知道造成愚蠢行為的種種誘惑！本書除了整理巴菲特選股、持股的邏輯，更從影響巴菲特的人與事當中勾勒出他的投資哲學。巴菲特總是謙稱自己做的，一般人都做得到。事實上，唯有看出他人失誤並引以為鑑，才能養成投資性格，找到獲利機會！ 【重點精華｜巴菲特十二個投資原則】 ◆ 事業守則 1. 這項事業是否簡單易懂？ 2. 這項事業是否有一貫的營運紀錄？ 3. 這項事業長期遠景是否看好？ ◆ 管理團隊守則 4. 管理團隊是否夠理性？ 5. 管理團隊是否坦白對待股東？ 6. 管理團隊能否獨排眾議？ ◆ 財務守則 7. 股東權益報酬是多少？ 8. 公司「業主盈餘」（owner earning）為何？ 9. 獲利率多少？ 10. 公司每保留一美元能否至少創造一美元的市場價值？ ◆ 價值守則 11. 這家公司的價值為何？ 12. 能否以相當便宜的折扣價格買到它？ ◤如果你是入門投資者，巴菲特的十二個原則幫助你檢視買進的是不是一門好事業； 若你有志於投資，巴菲特的十二個原則更是讓你提升投資境界的常勝之道。◢ 各界推薦 JC趨勢財經觀點版主 Jay Chiao 價值投資者、財經作家 雷浩斯 常勝推薦 前群益投信總經理、中國多家基金公司顧問 陳忠慶 專文導讀 《巴菲特勝券在握的12個原則》這本書就如同武功祕笈，人人得而修習之，但最後一步是將所學化為無形，內建於心。……投資亦是如此，讀完本書，你將獲得投資中最歷久不衰的原則，但是千萬不要將自己侷限在規則當中，而是應該學會規則、適應規則，最後突破規則，找出自己的投資原則。 ──Jay Chiao（JC趨勢財經觀點版主） 海格斯壯在本書中說，他想證實的點就是巴菲特所說的：「我做的並沒有超出一般人的能力範圍，想要有不平凡的成果，不見得要做不平凡的事情。」那麼我們這些一般人該如何開始呢？我認為最簡單的方法就是寫下這十二條原則，試著跟你的投資朋友們解釋這些原則；當你能清楚地說明這些概念之後，成功就離你不遠了。 ──雷浩斯（價值投資者、財經作家）

《經濟學人》、《紐約時報》、《華爾街日報》、《時代》、《富比士》、彼得林區、柏格一致推薦 你可能讀過關於巴菲特的書，但你有讀到最新的巴菲特投資法嗎？ ★ 研究巴菲特超過20年、百萬冊暢銷鉅作《勝券在握》海格斯壯最新力作！ ★ 巴菲特的實際做法，沒有人比海格斯壯描寫得更好。──《時代》雜誌（Time） ★ 精彩剖析波克夏公司持股的9個經典公司案例──IBM、亨氏食品……，為何持股？何時買進？一次全解密！ 在負利率時代，錢放在銀行竟越放越少？！ 聰明人早就懂得仿效股神巴菲特， 買股就要選到好公司並長抱股票，這樣能確保資產不縮水之外，還能穩穩領股息，賺到安穩人生！ 華倫•巴菲特是有史以來世界上最著名的投資人，同時也是全世界第四位最有錢的人，難得的是，這些驚人財富全靠他睿智的投資腦袋而來，他如何做到？有何祕訣？ 作者海格斯壯研究巴菲特長達20年之久，可說是研究巴菲特最透徹的人之一。本書歷數巴菲特六十多年來的投資之路，描述巴菲特生動有趣，彷彿巴菲特就在眼前。 他從巴菲特寫給股東的信、波克夏年報、報導訪問中精心歸納整理出巴菲特4大滾雪球投資法、12個選股原則，並揭示20世紀的投資巨人們如葛拉漢到費雪、蒙格的重要觀點。此外他以波克夏持股最有名的九家公司為案例，更新股神最新投資走向如收購亨氏食品、投資IBM……，以四大滾雪球投資法檢視這些無與倫比的投資績效。 本書亦大舉涉獵了投資數學、行為財務學，以實際理論剖析巴菲特思考邏輯。巴菲特曾說「我做的事並未超過任何人的能力範圍」，只要熟悉巴菲特的方法，你也能發展出專屬於個人的最佳投資組合，在股海中穩中求勝！ 贏家推薦（依姓名筆劃排序） 周文偉 財經專欄作家 陳江挺《炒股的智慧》作者 陳重銘 《6年存到300張股票》作者 闕又上 美國又上成長基金經理人 ★ 我在心灰意冷、決定離開股市之際，看了海格斯壯寫的兩本書……，股票資產從一百萬成長至三千萬，本人就是遵循巴菲特投資哲學最好的案例。 ──周文偉 財經專欄作家 ★ 做為經典價值投資的著作，這本書值得一讀。 ──陳江挺 暢銷書《炒股的智慧》作者 ★ 本書詳細介紹巴菲特的投資智慧，如果能夠勤加研讀，相信可以幫助投資人悠游於股海，樂於投資。 ──陳重銘 《每年多存300張股票》作者 ★ 這本書非常值得投資者仔細閱讀。見賢思齊，貼近巴菲特的智慧，但別忘了要做自己。 ──闕又上 美國又上成長基金經理人、財務規劃師（CFP） ★ 幾乎每一個對經濟行為、公司績效與股市起伏之間的關係好奇的人，都會發現這本書很引人入勝。 ──《經濟學人》（The Economist） ★ 這是一本不同凡響的著作，記錄了很多人公認的全世界最偉大投資人的投資方法。 ──《華爾街日報》（The Wall Street Journal） ★ 巴菲特的實際做法，沒有人比海格斯壯描寫得更好。 ──《時代》雜誌（Time） ★ 將巴菲特投資策略應用到新經濟的一本全面入門書。 ──《財富雜誌》（Fortune） ★ 可說是最重要的股票書……如果你以為你已經知道巴菲特的一切，這本書還是有很多讓你可以學習的地方。 ──《富比士》雜誌（Forbes） 財經界專業人士強力推薦！ ★ 本書大受歡迎的程度，就可以證明本書分析正確，建議實用。 ──比爾•米勒（Bill Miller），LMM對沖基金主席暨投資長 ★ 對於本書的讀者，我希望我能針對一段非常重要的投資歷史，提供一個非常個人的角度，以及某些使用本書最佳方式的看法。我談到巴菲特先生的部分會比較少，因為這是本書的主題，而且海格斯壯也已經優雅又見解獨特地在書中涵蓋了一切。 ──肯恩•費雪（Ken Fisher），知名投資家菲利浦•費雪之子 ★ 本書描繪了巴菲特的職業生涯，並提出他的投資技巧與方法如何演變的例子，以及在過程中影響他最深的人。本書也詳細說明了巴菲特達到無人能及的成就的關鍵投資決策。 ──彼得•林區（Peter S. Lynch），暢銷書《彼得林區選股戰略》作者 ★ 海格斯壯深入檢視了了巴菲特的投資策略，以及他每一個重要選股背後的原因，這些選擇造就他驚人的成功紀錄。本書涵蓋面廣泛，引人入勝，非常具有可讀性，而他「毫不造作」的智慧與哲學，也是豐富本書的一部分。 ──約翰•柏格（John C. Bogle）先鋒集團創辦人、退休總裁 ★ 這本書是第一流的。巴菲特因為他的宣傳得到很多人的注意，但他的實際做法，沒有人比海格斯壯描寫得更好。本書有關於他每一次買進重要股票的內幕與背後原因。實在非常吸引人。你甚至可以在家試試這些做法。 ──約翰•羅斯查德（John Rothchild），暢銷書《The Bear Book and The Davis Dynasty》作者

In una carriera finanziaria lunga quasi sessant’anni, Warren Buffett si è confrontato con un’infinità di sfide ottenendo sempre un successo senza pari. La sua umiltà, la sua integrità morale e la sua onestà intellettuale non solo lo hanno fatto amare da milioni di investitori, ma sono anche oggetto di studio per tutti coloro che decidono di intraprendere una carriera finanziaria. Nonostante la mole di informazioni disponibili oggi sul mercato azionario, molti investitori faticano ancora a ottenere dei profitti. La visione e l’esperienza di Warren Buffett si collocano lontano dagli eccessi del mercato. Ecco per ché in questa nuova edizione Hagstrom colloca la filosofia di investimento dell’«Oracolo di Omaha» nella giusta prospettiva storica e, contemporaneamente, mostra come è possibile usare efficacemente questo approccio nel proprio lavoro. Dopo aver esaminato in dettaglio la sua storia personale e professionale, Hagstrom si dedica a esaminare le personalità - da Benjamin Graham e Philip Fisher a Charlie Munger - che hanno influenzato la visione finanziaria di Buffett. Di seguito viene esplorato pezzo dopo pezzo il metodo Warren Buffett, dimostrando che ciò che Buffett fa non è oltre le capacità intellettuali di ognuno di noi, e come il suo metodo nel vendere e acquistare azioni si basi su dodici solidi principi inattaccabili dalle mode. Attraverso informazioni di prima mano, Hagstrom spiega come questi principi siano alla base di molte acquisizioni (Coca-Cola, IBM, Heinz), della razionalità che sta dietro queste sue decisioni e del perché focalizzare gli investimenti semplifichi la gestione del proprio portafoglio azionario. Ma non solo: contemporaneamente vengono mostrate quali sono le sfide psicologiche da superare per gestire un portfolio con il metodo Warren Buffett e il ruolo giocato dalla pazienza negli investimenti a lungo termine. Imparare i principi di Warren Buffett e basare i propri investimenti su di essi forse non farà diventare ricchi, ma aiuterà senz’altro a gestire meglio il proprio portafoglio azionario e a renderlo più profittevole nel tempo.

The bestselling book on Warren Buffett returns, with new insights and a companion video component Often described as the greatest investor of all time, Warren Buffett grew a $100 investment in the late 1950s into an investment empire. In the process, he has become one of the wealthiest individuals in the world, and the foremost authority on investing of our generation. With over one million copies sold, The Warren Buffett Way is the definitive book on "The Oracle of Omaha''s" investment methods. Completely revised and updated, the Third Edition of The Warren Buffett Way + Video focuses on the timeless principles and strategies behind Buffett''s extraordinary investment success. This edition contains new chapters on the important distinctions between investing and trading, as well as an examination of the most successful disciples of Warren Buffett. Throughout the book, fresh examples and case studies are used and Buffett''s successful formula is distilled in a way that will provide value to readers for decades to come. Video featuring Robert Hagstrom discussing several important topics within the book is a valuable addition to this version of The Warren Buffett Way This edition represents the totality of Buffett''s investment career and focuses on his timeless investing principles Written by foremost Buffett expert Robert Hagstrom Engaging and informative the Third Edition of The Warren Buffett Way + Video is essential—not just for avid Buffett fans, but for anyone who wants to know what it takes to make the best investment decisions possible.

The bestselling book and workbook on Warren Buffett, with new insights on his continued success Often described as the greatest investor of all time, Warren Buffett grew a $100 investment in the late 1950s into an investment empire. In the process, he has become one of the wealthiest individuals in the world, and the foremost authority on investing of our generation. With over one million copies sold, The Warren Buffett Way is the definitive book on "The Oracle of Omaha''s" investment methods. Completely revised and updated, the Third Edition of The Warren Buffett Way focuses on the timeless principles and strategies behind Buffett''s extraordinary investment success. This specific package contains the book—which includes new chapters on the important distinctions between investing and trading and an examination of the most successful disciples of Warren Buffett—as well as the Workbook, which is filled with a wealth of practical insights that will help you understand and apply the proven principles found in the book. This combination will allow you to gain a better perspective of Buffett’s successful formula and show you what it takes to make more informed investment decisions. A comprehensive package that contains both The Warren Buffett Way, Third Edition book and Workbook Represents the totality of Buffett''s investment career and focuses on his timeless investing principles The Workbook contains informative question-and-answer sections that correspond to the topics covered throughout the actual book Written by foremost Buffett expert Robert Hagstrom Engaging and informative the Third Edition of The Warren Buffett Way + Workbook is a must-have—not just for avid Buffett fans, but for anyone who wants to know what it takes to make the best investment decisions possible.

The Warren Buffett Way Workbook consists of over 500 questions and answers to help readers of The Warren Buffett Way reinforce and cement their knowledge of Buffett’s hugely successful investment approach. The Workbook follows The Warren Buffett Way, 3e, providing a combination of multiple choice and essay questions for each chapter in the core book. Given the depth and range of questions, a reader who masters the material in the Workbook will be equipped with the knowledge to begin to apply Buffett’s methods to his/her own investment portfolio. All answers are provided in the Workbook, including answers to the essay questions. The perfect accompaniment to The Warren Buffett Way, 3e and The Warren Buffett Way Video Course, the Workbook will provide readers with a sure path to begin investing just like Warren Buffett.

Robert G. Hagstrom is one of the best-known authors of investment books for general audiences. Turning his extensive experience as a portfolio manager at Legg Mason Capital Management into valuable guidance for professionals and nonprofessionals alike, he is the author of six successful books on investment, including The Warren Buffett Way, a New York Times best-seller that has sold more than a million copies. In this updated second edition of Investing: The Last Liberal Art, Hagstrom explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature. He discusses, for instance, how the theory of evolution disrupts the notion of the efficient market and how reading strategies for literature can be gainfully applied to investing research. Building on Charlie Munger''s famous "latticework of mental models" concept, Hagstrom argues that it is impossible to make good investment decisions based solely on a strong knowledge of finance theory alone. He reinforces his concepts with additional data and a new chapter on mathematics, and updates his text throughout to reflect the developments of the past decade, particularly the seismic economic upheaval of 2008. He has also added a hundred new titles to the invaluable reading list concluding the book. Praise for the first edition: "I read this book in one sitting: I could not put it down."—Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk "Elegant and irresistible. Robert G. Hagstrom makes the complex clear as he confidently crisscrosses through the disciplines of finance, biology, physics, and literature. The only way to understand investing better, [Investing] shows, is to understand the world better. Ideas spark off the page at every turn. This is simply a gem of a book."—James Surowiecki, New Yorker "Investing is a brisk and engaging read, and it is a pleasure to be in the presence of Hagstrom''s agile mind."—International Herald Tribune

Ben shu jie shao le ba fei te ru he rou he liang wei tou zi da shi ge lan mu ji fei xue de tou zi fang fa, Yi ji ta zai qi ye, Shi chang zhong de qin shen jing li, Xin shou jing zheng you shi tu, An quan bian ji ji qi zuo wei tou zi ce lüe de 4 bu zhou 12 yuan ze.

本书为对独立理财感兴趣的投资者提供了集中投资股本、管理投资股本的知识框架。用浅显易懂的语言介绍了集中投资的理论基础、知识构架、选股工具及其应用。