Description
Book SynopsisSee the worldâs #1 investor like never beforeâand learn how you can replicate his success
Many books have been written about Warren Buffettâs value-investing strategy, and volumes more have been written about becoming a top-tier value investor. Even so, no one can touch the success Warren Buffett has achieved. Why? In this revealing examination of Buffettâs success, practitioner, professor, and bestselling author Ðlena Chirkova proposes the key to replicating his achievements is found in his acquisition practices as well as his investment strategy.
In The Warren Buffett Philosophy of Investment, she looks at the man in full to piece together the framework leading to his unmatched wealth-generating prowess. The cornerstone of her study goes beyond investment theory to show Buffettâs core wealth drivers are his philosophies behind Berkshire Hathaway. From his decision to create a joint stock company (instead of a mutual fund) to his hands-off policy with acqu
Table of Contents
Preface vii
Acknowledgments xi
Introduction 1
1 Forefathers 17
2 What Kind of Business Does Warren Buffett Like? 45
3 Warren Buffett’s Investment Principles 85
4 Comparing Buffett with Other Investors 107
5 An Excursion Through Financial Theory and Corporate Finance with Warren Buffett 135
6 The Use of Debt by Berkshire Hathaway 169
7 Early Acquisitions: The Strategy Has Crystallized 187
8 “Who Is the Fairest of Them All?”: The Role of Imagein Buffett’s Investment Strategy 205
9 Buffett as a Strategic and Portfolio Investor 231
10 Reputation at Work 253
11 Beyond the Frontiers of Investment Theory 269
Conclusion 283
Appendix 289
Bibliography 295
Index 309
