Appearing on the PBS show Money World in 1993, Buffett was asked what investment advice he would give a money manager just starting out. “I’d tell him to do exactly what I did 40- odd year ago, which is to learn about every company in the United State that has publicly traded security. “
Moderator Adam Smith protested, “But there’s 27,000 public companies”
“Well”, said Buffett, “start with the A’s “
Para above is from the book The Warren Buffett Way. One of the great book of Investment one can have on his/her Library. Though book talk about Mr Buffett Investment philosophy which might not suite to many Investors today still I believe the core idea display in book will help individual investor to look the business from eye of Mr Buffett.
We here try to highlight essence of book in few words:
Author has classified Mr Buffett all investment in four core principles:
With above four principle you would find how Mr Buffett has discovered his greatest investments like Coco-Cola, Washington Post , Gillette, Wells Fargo etc. The idea of finding successful business is still applicable but after Mr. Buffett no such a great investor came who have applied it with such a ease.
Later part of book displays how to manage portfolio and psychology of money. Robert Hagstrom,the author , did true justice to the idea of Warren Buffett in the book. Writing book on such a topic is not easy. He had kept the thing simple that reader can connect with it. Get your copy today if you have not yet read it from here: The Warren Buffett Way
“We don’t need to be smarter than rest, we have to be more disciplined than the rest” ~WAAREN BUFFETT