Description
Book SynopsisTrade ReviewWarren Buffett has talked extensively about his investment philosophy but unfortunately less so on actual investments. By digging up long forgotten annual reports and sharing his own thoughtful insights, Yefei Lu does an excellent job of filling in the missing pieces of the puzzle in understanding how Buffett invests. -- Robert Vinall, CEO, RV Capital
In the crowded market for books about Warren Buffett, portfolio manager Yefei Lu has written a uniquely valuable, information-packed volume. This instant classic analyzes twenty of Buffett's most notable investments, starting in 1958 and continuing through to today. A must read! -- John Mihaljevic, publisher,
The Manual of IdeasA simple and useful analysis of Warren Buffett's twenty key investments over the course of his fifty-plus-years career. Lu has done a great job in illustrating the key factors that Buffett paid attention to in assessing the risk-reward profile of each investment. There are many lessons to be learned in this book for anyone interested in long-term investing. -- John Elkann, Chairman and CEO, Exor S.p.A.
Yefei Lu does us all a great favor in making it so easy to follow him as he looks back at the key investments Buffett made throughout his career. Lu provides his own analysis of what Buffett would have seen, and invites us to sit in Buffett's shoes ourselves by providing as much primary source information as possible—a monumental research effort by any measure. One even has the feeling of reaching certain critical investment insights, right alongside Buffett, that greatly influenced his development as an investor. -- Joel Cohen, MIT Investment Management Company
For serious investors and analysts eager to transcend the cult of personality around Buffett and discern what actually makes him great, this study comes highly recommended. * Publishers Weekly *
Recommended for any investor or student seeking financial expertise. * Library Journal *
[
Inside the Investments of Warren Buffett] provide[s] great insights into deep value investing. * Seeking Alpha *
By examining twenty of Warren Buffett's investments over a fifty-year period from 1960 through 2011, Yefei Lu discusses Buffett's likely analysis of each one and the lessons to be learned from them. Inside the Investments of Warren Buffett should appeal to value investors and those wanting to benefit from Buffett's investment experience. -- M. Ali Khan, Abram Hutzler Professor of Political Economy, Johns Hopkins University
uniquely valuable, information-packed volume.... By digging up long forgotten annual reports and sharing his own thoughtful insights, Yefei Lu does an excellent job filling in the missing pieces of the puzzle in understanding how Buffest invests. * Value Walk *
The most detailed analysis to date of Buffett's long-term investment portfolio. * Value Walk *
Lu's work is a must-have for anyone teaching or studying finance. Even if you have a shelf full of books about Warren Buffett and his investing style, this is an excellent edition.... Essential. * CHOICE *
This is a well-written book based on foundational planning, research on the 20 companies presented, and good preparation. * Biz India *
Table of ContentsAcknowledgments
Introduction
Part I: The Partnership Years (1957-1968)1. 1958: Sanborn Map Company
2. 1961: Dempster Mill Manufacturing Company
3. 1964: Texas National Petroleum Company
4. 1964: American Express
5. 1965: Berkshire Hathaway
Part II: The Middle Years (1968-1990)6. 1967: National Indemnity
7. 1972: See's Candies
8. 1973: The
Washington Post9. 1976: GEICO
10. 1977: The
Buffalo Evening News11. 1983: Nebraska Furniture Mart
12. 1985: Capital Cities/ABC
13. 1987: Salomon Inc.—Preferred Stock Investments
14. 1988: Coca-Cola
Part III: The Late Years (1990-2011)15. 1989: US Air Group
16. 1990: Wells Fargo
17. 1998: General Re
18. 1999: MidAmerican Energy Holdings Company
19. 2007-2009: Burlington Northern
20. 2011: IBM
Part IV: Lessons Learned21. Evolution of Buffett's Investment Strategy
22. What We Can Learn from Buffett
Appendix A
Appendix B
Notes
Selected Bibliography
Index
