{"product_id":"buffett-and-beyond-website-9781118955772","title":"Buffett and Beyond  Website","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eConstruct a portfolio that is sure to outperform market averages\u003c\/b\u003e  \u003cp\u003eWarren Buffett had it right all along. Now it''s your turn to learn how to construct a portfolio that is sure to outperform the market averages, as well as almost every professional money manager in the world. Warren Buffett''s method of predictability can determine a future target price, which in turn determines his all-important purchase price. However, Buffett doesn''t draw conclusions of his predictability method relative to the future total returns of portfolios. That''s where \u003ci\u003eBuffett and Beyond\u003c\/i\u003e comes in, taking Buffett''s method one giant step \u003ci\u003ebeyond\u003c\/i\u003e, proving that if you select a portfolio of stocks using the predictability method in this book, you will outperform 96% of professional money managers over the long term.\u003c\/p\u003e \u003cp\u003eIn addition to the information in the book, readers will have access to a password-protected website that includes tutorial videos, PowerPoint slides, free trial access \u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePreface: From Then Until Now xiii\u003c\/p\u003e \u003cp\u003eIntroduction: A Sea Story xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: The Purpose of This Book—Your Journey 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: About Warren Buffett 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Determining the Earning Capacity of a Company (Now Really, Can It Be This Easy?) 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Beach Factor 12\u003c\/p\u003e \u003cp\u003eClean Surplus 13\u003c\/p\u003e \u003cp\u003eDetermining an Efficient Company 14\u003c\/p\u003e \u003cp\u003eTake Your Bank Account 14\u003c\/p\u003e \u003cp\u003eBonds 15\u003c\/p\u003e \u003cp\u003eEarning Capacity 15\u003c\/p\u003e \u003cp\u003eHow to Determine the Operating Efficiency of a Company 17\u003c\/p\u003e \u003cp\u003eSooo Important 19\u003c\/p\u003e \u003cp\u003eYou See . . . ROE Tells Us Everything 19\u003c\/p\u003e \u003cp\u003eLet’s Ask Warren 20\u003c\/p\u003e \u003cp\u003eSummary—the Key to the Investing Business 21\u003c\/p\u003e \u003cp\u003eWhy Hasn’t the Entire World Figured This Out Yet? 21\u003c\/p\u003e \u003cp\u003eYou Will Learn 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: My Theory of Why Most Money Managers of the World Cannot Outperform the Market Averages 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMy Contest—Beware How You Select the Random Portfolio 29\u003c\/p\u003e \u003cp\u003eOne Step Beyond Buffett 30\u003c\/p\u003e \u003cp\u003eYou Don’t Have to Worry 30\u003c\/p\u003e \u003cp\u003eFun with Our Portfolio Reviews 31\u003c\/p\u003e \u003cp\u003eIn Summary 32\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: A Very Simple Income Statement and an Even Simpler Balance Sheet\u003c\/b\u003e 35\u003c\/p\u003e \u003cp\u003eThe Income Statement 36\u003c\/p\u003e \u003cp\u003eThe Balance Sheet 36\u003c\/p\u003e \u003cp\u003eTying Together the Income Statement and Balance Sheet 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: The Return on Equity Ratio 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThis Chapter and the Next and the Next 43\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: The Return Portion of the Return on Equity Ratio 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Income Statement: Return 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: The Equity Portion of the Return on Equity 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEarnings 55\u003c\/p\u003e \u003cp\u003eAccounting Statements and the Link between Them 55\u003c\/p\u003e \u003cp\u003eThe General Motors Story 57\u003c\/p\u003e \u003cp\u003eThe Central Flaw of Traditional Accounting 60\u003c\/p\u003e \u003cp\u003eLet’s Not Forget the Main Question 60\u003c\/p\u003e \u003cp\u003eAddendum to The General Motors Story 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: How to Determine an Equitable Equity Number 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLet’s Review Just a Bit 65\u003c\/p\u003e \u003cp\u003eOur New Return on Equity Equation 67\u003c\/p\u003e \u003cp\u003eWhat Does Warren Buffett Say about All This? 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: The Predictability of Finance Valuation Models 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEfficiency Is the Key 73\u003c\/p\u003e \u003cp\u003eCollege and Finance Valuation Models—They Just Don’t Work Very Well 74\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Clean Surplus ROE—the Only Comparable Efficiency Ratio 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eClean Surplus 81\u003c\/p\u003e \u003cp\u003eI Forget, What Are We Looking For? Let’s Review! 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: What Buffett Looks for in a Company, or How Clean Surplus Accounting Recognizes the Quality of a Company 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBuffett 88\u003c\/p\u003e \u003cp\u003eThe Consumer Monopoly versus the Commodity Type of Business 89\u003c\/p\u003e \u003cp\u003eThe Commodity Type of Business: Companies Buffett Avoids 89\u003c\/p\u003e \u003cp\u003eThe Consumer Monopoly: The Type of Business Buffett Loves 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: General Electric Then and Now 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Purchase Price 97\u003c\/p\u003e \u003cp\u003eBack to Basics 99\u003c\/p\u003e \u003cp\u003eA Very Important Point 100\u003c\/p\u003e \u003cp\u003eBack to the Good Bank 100\u003c\/p\u003e \u003cp\u003eBeware, Beware, Beware 102\u003c\/p\u003e \u003cp\u003eA Real Stock 103\u003c\/p\u003e \u003cp\u003eThe P\/E Ratio 105\u003c\/p\u003e \u003cp\u003eBack to the Future 107\u003c\/p\u003e \u003cp\u003eLet’s Discount Back—the All Important Purchase Price 108\u003c\/p\u003e \u003cp\u003eImportant Note: Approximately 110\u003c\/p\u003e \u003cp\u003eVery Important Addendum 111\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: General Motors Then and Now 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLet’s Look at General Motors 116\u003c\/p\u003e \u003cp\u003eHigh ROE 116\u003c\/p\u003e \u003cp\u003eConsistency Up to 2002 117\u003c\/p\u003e \u003cp\u003eCompare 118\u003c\/p\u003e \u003cp\u003eThe Blind Kid—A Sea Story 119\u003c\/p\u003e \u003cp\u003eA Lesson to Be Learned 120\u003c\/p\u003e \u003cp\u003eSo You See, Folks 121\u003c\/p\u003e \u003cp\u003eAddendum to the General Motors Saga 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: The Beginning: The Initial Research 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Work with the Dow 30? 126\u003c\/p\u003e \u003cp\u003eConstructing the Portfolio: My First Research into Clean Surplus 127\u003c\/p\u003e \u003cp\u003eMethodology 127\u003c\/p\u003e \u003cp\u003e1987: The Year of the Anomaly 129\u003c\/p\u003e \u003cp\u003eBuffett the Anomaly 129\u003c\/p\u003e \u003cp\u003eMore Parameters: The Simple Rules 130\u003c\/p\u003e \u003cp\u003eThe Test Period Parameters 130\u003c\/p\u003e \u003cp\u003eThe Results 131\u003c\/p\u003e \u003cp\u003eCompounded Returns 132\u003c\/p\u003e \u003cp\u003eIs There a Correlation Between the ROEs and the Returns? 133\u003c\/p\u003e \u003cp\u003eGetting Published in an Academic Journal 135\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Continuing Research: The Doctoral Research on the S\u0026amp;P 500 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinally, a Lead for Clean Surplus Accounting—Buffett, Graham, Ohlson 138\u003c\/p\u003e \u003cp\u003eThe Results of the Research 139\u003c\/p\u003e \u003cp\u003eMethodology 139\u003c\/p\u003e \u003cp\u003eNotice the Difference 141\u003c\/p\u003e \u003cp\u003eStandardized Against the Market 142\u003c\/p\u003e \u003cp\u003ePortfolio Construction 142\u003c\/p\u003e \u003cp\u003eResults: First Test Period 143\u003c\/p\u003e \u003cp\u003eResults: Second Test Period 144\u003c\/p\u003e \u003cp\u003eBias 144\u003c\/p\u003e \u003cp\u003eSummary of Results 145\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Rules for Structuring a Great Growth Portfolio 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDebt 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Great, Great Job, but You’re Fired 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA New Definition 156\u003c\/p\u003e \u003cp\u003eThe Research Begins 156\u003c\/p\u003e \u003cp\u003eThe First Class 157\u003c\/p\u003e \u003cp\u003eTo Teach or Not to Teach? 159\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Stocks on Our Radio Show 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBack in 2012 163\u003c\/p\u003e \u003cp\u003eThe Structure of This Report 165\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Stories of Audience Hecklers 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Know]It]All Half]Back 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21: A Great Dividend Income and Growth Strategy—Part I: The Economic Spectrum of Dividend Stocks 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePortfolio Parameters 175\u003c\/p\u003e \u003cp\u003eThe Four Stages of the Business Life Cycle 176\u003c\/p\u003e \u003cp\u003eThe Maturity Stage 179\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22: A Great Dividend Income and Growth Strategy—Part II: Selecting Stocks That Are Growing Their Dividends for Our Portfolio 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23: A Great Dividend Income and Growth Strategy—Part III: Selecting Stocks That Are Growing in Price for Our Portfolio 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePhilip Morris International 192\u003c\/p\u003e \u003cp\u003eAT\u0026amp;T 194\u003c\/p\u003e \u003cp\u003eA Pretty Good Portfolio Stock 195\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24: Enhanced Income 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCovered Option Writing 201\u003c\/p\u003e \u003cp\u003eWhat Does This Have to Do with Options? 202\u003c\/p\u003e \u003cp\u003eWhat? Give Up My Stock? Shame on You! 203\u003c\/p\u003e \u003cp\u003eA Bit of Technical Analysis 204\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25: Portfolio Insurance 207\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Does Buffett Do? 209\u003c\/p\u003e \u003cp\u003eSo What Can We Do? 209\u003c\/p\u003e \u003cp\u003eOk, So What Can We Do to Take the Guessing out of Investing? 210\u003c\/p\u003e \u003cp\u003eThe Amazing Thing About Portfolio Insurance 210\u003c\/p\u003e \u003cp\u003eMarket Crash Mentality 211\u003c\/p\u003e \u003cp\u003eBack to the Crash Mentality 211\u003c\/p\u003e \u003cp\u003eWhich Scenario Do You Prefer? 211\u003c\/p\u003e \u003cp\u003eHow Do We Insure Our Portfolios? 212\u003c\/p\u003e \u003cp\u003eCash, Cash, Cash 213\u003c\/p\u003e \u003cp\u003eBut How Much Cash? 213\u003c\/p\u003e \u003cp\u003eWhat Do We Mean by Market Conditions? 215\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 26: What Have You Learned? A Summary 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDividend Income and Growth Strategy 220\u003c\/p\u003e \u003cp\u003ePortfolio Insurance and Enhanced Income 221\u003c\/p\u003e \u003cp\u003ePutting the Odds of Success on My Side 222\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 27: We Won’t Leave You Out There Alone 225\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ewww.wiley.com\/go\/buffettandbeyond 225\u003c\/p\u003e \u003cp\u003eThe Weekly Video 226\u003c\/p\u003e \u003cp\u003eThe Computer Program 226\u003c\/p\u003e \u003cp\u003eTutorial Videos 227\u003c\/p\u003e \u003cp\u003eFor Individual Investors 227\u003c\/p\u003e \u003cp\u003eFor Professional Money Managers, Wealth Managers, and Investment Advisors 228\u003c\/p\u003e \u003cp\u003eAbout the Author 231\u003c\/p\u003e \u003cp\u003eIndex 233\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866381758807,"sku":"9781118955772","price":19.54,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118955772.jpg?v=1722278384","url":"https:\/\/bookcurl.com\/products\/buffett-and-beyond-website-9781118955772","provider":"Book Curl","version":"1.0","type":"link"}