Buffett Beyond Value: Why Buffett Looks to Growth and Management When Investing
- 4h 42m
- Prem C. Jain
- John Wiley & Sons (US)
- 2010
While Warren Buffett's investment ideas are simple to understand, his success can be difficult to duplicate—unless you become familiar with how he really goes about the process of investing.
In this engaging new book, author Prem C. Jain extracts Warren Buffett's investment wisdom from Berkshire Hathaway annual reports, Buffett's letters to shareholders and partners in his partnership firms, and as many of Buffett's other writings as he could find—thousands of pages written over the past fifty years. Through this effort, Jain uncovers the key elements of Buffett's approach and offers an accessible way to apply it to your own investment endeavors.
With Buffett Beyond Value, you'll quickly learn that, contrary to popular belief, Warren Buffett is not a pure value investor, but a unique thinker who combines the principles of both value and growth investing strategies. You'll also discover why Buffett emphasizes the importance of high-quality management above many other metrics when evaluating a company he's interested in.
Written for anyone serious about stock market investing, this unique guide skillfully outlines the proven principles Buffett has followed over the course of his long and successful career and shows you what it takes to make them work for you. Topics include:
- How to build a diverse and profitable portfolio the Warren Buffett way
- Why you need an appropriate psychological temperament to be a successful investor
- Buffett's thoughts on market efficiency and the ways in which you can incorporate them into your investment decision making
- How issues related to profitability and accounting can provide you with a perspective that is uncommon in investing circles
- Why Buffett thinks differently from others about portfolio diversification, corporate governance, and much more
If there's one person worth listening to when it comes to investing—whether you're an individual investor, a student, an academic, or a professional portfolio manager—it's Warren Buffett. And with Buffett Beyond Value as your guide, you'll gain valuable insights that could enhance your understanding of investing and improve your ability to make more profitable decisions in today's markets.
About the Author
Prem C. Jain is the McDonough Professor of Accounting and Finance at the McDonough School of Business, Georgetown University, in Washington, D.C. He has previously taught at the Wharton School of the University of Pennsylvania and the Freeman School of Business at Tulane University. His research has been published in many prestigious finance and accounting journals including the Journal of Finance and the Journal of Accounting Research. Jain received a doctorate from the University of Florida and a master's degree in applied economics from the University of Rochester. He is also a CPA in the state of Florida.
In this Book
-
Preface
-
The Thrill of Investing in Common Stocks
-
1965–2009: Lessons from Significant Events in Berkshire History
-
Value Investing—It's Like Buying Christmas Cards in January
-
Growth Investing
-
Intrinsic Value
-
Buffett Investing = Value + Growth
-
Insurance: Other People's Money
-
Reinsurance: More of Other People's Money
-
Tax Deferment: Interest‐Free Loans from the Government
-
If You Don't Know Jewelry, Know Your Jeweler
-
Compete Like Mrs. B
-
Why Invest in Utility Companies?
-
High Profits in Honest‐to‐Goodness Manufacturing Companies
-
Risk and Volatility: How to Think Profitably about Them
-
Why Hold Cash: Liquidity Brings Opportunities
-
Diversification: How Many Baskets Should You Hold?
-
When to Sell
-
How Efficient Is the Stock Market?
-
Arbitrage and Hedge Funds
-
M = Monopoly = Money
-
Who Wins in Highly Competitive Industries?
-
Property, Plant, and Equipment: Good or Bad?
-
Key to Success: ROE and Other Ratios
-
Accounting Goodwill: Is It Any Good?
-
How Much Psychology Should You Know?
-
How to Learn from Mistakes
-
Dividends: Do They Make Sense in This Day and Age?
-
Should You Invest in Companies That Repurchase Their Own Shares?
-
Corporate Governance: Employees, Directors, and CEOs
-
Large Shareholders: They Are Your Friends
