Product Review
A concise, no-nonsense rulebook for investors looking to achieve Buffett-like results Warren Buffett is one of the wealthiest investor in the world. Millions of independent investors follow his every move. But why Buffett? What signs does he see that others miss? And more important, what can investors do to follow Buffett's path to investment and financial success?
How Buffett Does It explores the 24 primary rules Buffett has followed from day one, and that people from market novices to seasoned veterans can use to strengthen their investing results.
Drawing from literally hundreds of quotes and maxims, Buffett admirer and attorney James Pardoe has chosen those that encapsulate and explain the Buffett legend. This plain-talking and investor-friendly guidebook takes readers on an in-depth journey through strategies including:
- Focus on not losing money rather than making it
- Don't own any stock for 10 minutes that you wouldn't own for 10 years
- Be fearful when others are greedy and greedy when others are fearful
Customer Reviews
Average Customer Review
(13 customer reviews) 6 of 6 people found the following review helpful
Excellent, easy reading introduction to value investing,
May 9, 2006 Norman Repacholi (Melbourne, Australia) - See all my reviews
This review is from: How Buffett Does It: 24 Simple Investing Strategies from the World's Greatest Value Investor (Mighty Managers Series) (Hardcover)
`How Buffett does it' is an excellent introductory book for people interested in value investing, or interested in Mr Buffett's investment methodology.
The book is written in a very easy to read, and easy to understand manner and will give you a solid foundation for building your value knowledge investing further. There are no formulae on how to calculate the true value of a share, or worked examples that will help you do this for your own selected shares, which would have been nice to see as an appendix, which was why I didn't give the book 5 stars. If you have other Buffett books in your library then this book will probably recover old ground. If you're just starting out, then I would recommend this as one of the better books with which to start your education.
Other reviews written on this book are fair, if you're looking for an in-detail how to book, then this is not your book, if you're looking for simple guidelines you can remember and apply easily this...Read more
7 of 8 people found the following review helpful
Common sense spread over 24 chapters,
December 25, 2006 apollo11 - See all my reviews
This review is from: How Buffett Does It: 24 Simple Investing Strategies from the World's Greatest Value Investor (Mighty Managers Series) (Hardcover)
Pardoe has written an easy-to-read book, split up into 24 short chapters. He gives us an insight into the investment method of Warren Buffett, without going into details. It seems that he really had to stretch himself to fill 24 chapters, as some thoughts are repeated in various chapters. "Don't follow the herd", "Practice independent thinking", "Buy when everybody else is selling" are covered in different chapters, although they cover the same thing. The main success factor of Warren Buffett, however, is touched upon only very briefly: Buy companies below their intrinsic value, in other words: Buy the 1-Dollar-bill for 40 cents.
What is this intrinsic value? How do you determine it? How can Buffett forecast future cash flows more accurately than all the other highly paid wall street experts? This is what the reader would like to know!
The reader is not interested in common sense statements like "Buy companies whose products are needed or desired and have no close...Read more
1 of 1 people found the following review helpful
Excellent book on Buffett's investment style,
January 10, 2008 Stephen M. Geraci "Steve-o" (USA) - See all my reviews
This review is from: How Buffett Does It: 24 Simple Investing Strategies from the World's Greatest Value Investor (Mighty Managers Series) (Hardcover)
An excellent primer on value investing. I never thought I would enjoy a book about investing as much I did this one. James Pardoe does an excellent job when he talks about the 24 simple investing strategies that has made Warren Buffett the second richest man in the world. This is not a how to book, but there is very good information in here that will put you on the right path to value investing. We all won't become a Warren Buffett but using these strategies will make you money and you can become your own financial advisor.
Some so-called experts make the world of investing seem like rocket science and that is exactley what they want you to believe. Buffett's strategies are common sense and he has often said anyone with average intelligence can impliment them.
However, as simple as they are, to become a good value investor you must do your homework, know the business you are going to buy and have the proper temperament. Buffett does not use any computer...Read more
