The Warren Buffett portfolio : mastering the power of the focus investment strategy

Author(s)

Bibliographic Information

The Warren Buffett portfolio : mastering the power of the focus investment strategy

Robert G. Hagstrom

John Wiley, c1999

  • : pbk

Available at  / 6 libraries

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Note

Includes bibliographical references (p. 223-232) and index

Description and Table of Contents

Volume

ISBN 9780471247661

Description

This text encapsulates the author's ability to discover investment trends, while clearly introducing them to the lay reader. By controversially debunking the conventional investment routes, Hagstrom uses research to identify an approach that goes against the grain of industry biases and tackles the status quo, overriding the long-term performance of active investing and indexes. The solution to mediocre returns, as he sees it, is in the practice of focus investing - a method that calls for the long-term optimisation of capital by concentrating on select businesses. Hagstrom shows readers how to identify these particular companies and why this method is most rewarding. He also outlines the strategies and philosophies of focus investing in detail, and shows readers how to implement them.
Volume

: pbk ISBN 9780471392644

Description

The Warren Buffett Way provided the first look into the strategies that the master uses to pick stocks. A New York Times bestseller, it is a valuable and practical primer on the principles behind the remarkable investment run of the famed oracle of Omaha. In this much-awaited companion to that book, author Robert Hagstrom takes the next logical step, revealing how to profitably manage stocks once you select them. THE WARREN BUFFETT PORTFOLIO will help you through the process of building a superior portfolio and managing the stocks going forward. Building a concentrated portfolio is critical for investment success. THE WARREN BUFFETT PORTFOLIO introduces the next wave of investment strategy, called focus investing. A comprehensive investment strategy used with spectacular results by Buffett, focus investing directs investors to select a concentrated group of businesses by examining their management and financial positions as compared to their stock prices. A strategy that has historically outperformed the market, focus investing is based on the principle that a shareholder's return from owning a stock is ultimately determined by the economics of the underlying business. Hagstrom explains in easy-to-understand terms exactly what focus investing is, how it works, and how it can be applied by any investor at any level of experience. He demonstrates how Buffett arranges his stocks in a focus portfolio and reveals why this is as responsible for his incredible returns as the individual stocks he picks. Ultimately, Hagstrom shows how to use this technique to build and manage a portfolio to achieve the best possible results.

Table of Contents

Focus Investing. The High Priests of Modern Finance. The Superinvestors of Buffettville. A Better Way to Measure Performance. The Warren Buffett Way Tool Belt. The Mathematics of Investing. The Psychology of Investing. The Market as a Complex Adaptive System. Where Are the .400 Hitters? Appendices. Notes. Acknowledgments. Index.

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