Buffett always makes a point to investors that, when investing, think of it as buying ownership in the business and not only buying it as a stock.
Never before have we seen a man with an warren internal set of rules and convictions (an internal yardstick book as Buffett would call it) so strong that no one would be successful in throwing him off his finely calculated path to the top.
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warren As book you reevaluate your modeling book for this new year, keep this close in mind.Everyone betting in the stock market wants to make money but doesnt know how.Lawrence Cunningham solved that by going through the letters autobiography and organizing Buffetts thoughts around topics.Tony autobiography Robbins is the biggest promoter and teacher of this technique in todays world.Why I Read this Book: Warren Buffett is the epitome of success in many ways for a lot of people. This is a fantastic realization however.
That is essentially what ReadingForYourSuccess comes down.
Berkshire Hathaway bRK-A) shareholder letters that Buffett build writes.The author in a detailed manner wonderfully describes how.Buffett: What an Investor Learns 1,269 Miles from Wall Street, by next Janet Tavakoli, this is a Buffett book that really isnt about Buffett, startup september although he is one of the main characters.The Warren Buffett Way lays out all the rules of thumb, buffett uses in his investing and walks the reader manual through them with case studies out of Buffetts own portfolio.It is hard to imagine all of these authors have a definitive insight into Buffett as an investor or a person.If you have not taken advantage of these real time lessons, its not too late, but sadly that will not always be the case.I will warn you that I am a fanatic.Taken in total, however, his shareholder letters amount to the equivalent of several books though, if read back-to-back, they suffer for the lack of an editor.As an investor, his investment strategies had always stressed upon the style of Value Investing.Buffett is one of the worlds richest men, he had kept the track of his life focused on humility, simplicity, and modesty.Readers of all facets will have an enriching view into the life of the successful casio business magnate.You wonder though, even if you could model Warren, would you really want to?The Snowball: Warren Buffett and the Business of Life, by Alice Schroeder, and Buffett, Making of an American Capitalist by Roger Lowenstein If you read all of the above and still feel that you havent manager absorbed enough Buffett, then you have a problem.Snowball brings up plenty of realizations and surprises of Warrens life, but for me more than viajes anything, this was a lesson in modeling.