Warren Buffett started his first investment partnership in 1956 with $100. By 1993, his net worth of $8.3 billion was the largest personal fortune in the United States. In this worldwide best-seller, investment strategist Robert G. Hagstrom analyzes Buffett's methods and reveals the secrets to his incredible achievements. The approach that has made Buffett so phenomenally successful is a simple “buy-and-hold” strategy. He looks to buy shares only in businesses he can fully understand, so he can determine whether he is paying a fair or bargain price, based on the intrinsic value of the company. A meticulous researcher, he ignores general market trends in deciding whether to hold onto his shares, because he knows stock prices are an unreliable indicator of how much a company is really worth. Filled with spectacular examples and lucid explanations of Buffett's simple, common-sense approach, The Warren Buffett Way is made all the more clear by this perceptive reading from Nelson Runger.
