The Essential Buffett. Timeless Principles for the New Economy

Applying Buffetts principles to technology and international investing From the bestselling author of The Warren Buffett Way and The Warren Buffett Portfolio comes The Essential Buffett: Timeless Principles for the New Economy. In this fresh take on Buffetts irrefutable investment methods, Robert Hagstrom shows readers how to apply Buffetts principles to technology and international investing using real-life case studies of successful fund managers like Legg Masons Bill Miller. Following the Buffett model, Hagstrom explains Buffetts four timeless principles: 1) analyze a stock as a business; 2) demand a margin of safety for each purchase; 3) manage a focus portfolio; 4) protect yourself from the speculative and emotional forces of the market. Then Hagstrom shows how Buffetts thinking can be applied in the new economy, addressing technology investing, international investing, small cap stocks, and socially responsible investing. Perhaps most valuable are Hagstroms insights into the psychology behind Buffetts focus investing. For the first time, we are given sure-fire guidelines on how to become a winning Buffett disciple. The Essential Buffett will include convenient sidebars featuring key Buffett ideas, enabling readers to quickly compare Buffetts fundamental tenets.