HOBOKEN, N.J.--(EON: Enhanced Online News)--Wiley Global Finance, the Professional Development business, finance and accounting arm of John Wiley & Sons, is pleased to announce the publication of a revised edition of its New York Times bestselling book The Warren Buffett Way 3e, by Robert Hagstrom, Chief Investment Strategist at Legg Mason and prolific investing author. This third edition of The Warren Buffett Way includes new chapters, case studies, and an overall revision that reflects new trends and thinking in this post-recession world. In addition to the new hardcover, Wiley created a companion website, warrenbuffettway.com, that contains a valuation tool Buffett uses in his stock analysis, a social community, and an array of information to put Buffett's approach into practice. There’s also a workbook that complements the new book, and a video course available on both DVD and streaming video.
“Warren Buffett is the single most successful investor we know, and he’s been employing the same strategy successfully for the past 60 years. Why can’t more people invest like Buffett does? Because emotions get in the way. They lack patience and rationality. The psychology is what gets in the way”
Despite the avalanche of information available to today's investor, many still struggle to earn a profit. But far above the market madness stands the insights and experience of Warren Buffett. In this latest edition of The Warren Buffett Way, Hagstrom puts the "Oracle of Omaha's" investment philosophy in perspective, while revealing how investors can incorporate his effective approach into their own endeavors.
“Warren Buffett is the single most successful investor we know, and he’s been employing the same strategy successfully for the past 60 years. Why can’t more people invest like Buffett does? Because emotions get in the way. They lack patience and rationality. The psychology is what gets in the way,” says Hagstrom.
Opening with an engaging look at Buffett's personal and professional history, this timely book quickly moves on to introduce the individuals—from Benjamin Graham and Philip Fisher to Charlie Munger—who influenced the way Buffett looks at investing.
From here, Hagstrom begins to breakdown Buffett's methodology and makes a case for why what Buffett does is "not beyond anybody else's competence." Readers will become familiar with Buffett's proven approach to selecting stocks as well as buying businesses—both of which follow a similar pattern built on timeless principles codified into twelve tenets. They’ll learn how his principles are applied to many Berkshire Hathaway purchases, including the classic purchase of Coca-Cola and more recent transactions involving IBM and Heinz. And after learning how to make rational decisions about which stocks to buy, Hagstrom shows how to pull it all together by addressing why Buffett thinks focus investing greatly simplifies the task of portfolio management. The book offers insights into the psychological challenges of managing a Warren Buffett portfolio as well as the role of patience in long-term investing.
ROBERT G. HAGSTROM is one of the best-known authors of investment books for general audiences. He has written nine books, including the New York Times bestselling The Warren Buffett Way and The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy. He is also the author of The NASCAR Way: The Business That Drives the Sport; The Detective and the Investor: Uncovering Investment Techniques from the Legendary Sleuths; and Investing: The Last Liberal Art. Robert is a graduate of Villanova University with a BA and MA and is a Chartered Financial Analyst. He lives with his family in Villanova, Pennsylvania. Visit Robert's website at www.RobertHagstrom.com.