Warren Buffett - Master of the Market
By Jay Steele
Publisher: Harper Paperbacks
Number Of Pages: 224
Publication Date: 1999-12-01
ISBN-10 / ASIN: 0380788861
ISBN-13 / EAN: 9780380788866
Warren Buffett is known as the billionaire investment expert of the century and everyone would love to know the secret of his success. In his own words, Buffett is just a regular guy who likes fast food, honest work, and people he can trust. Throw in incredible instincts, a genius for numbers, meticulous research, and an almost sure-fire investment philosophy, and you begin to understand how he's become a legend in his own time.
With just a few thousands of dollars from relatives and friends, and by taking calculated risks with small companies and staying with them, he managed, almost single-handedly, to turn Salomon Brothers around. Giants like Disney, American Express, McDonald's, Gillette, and Coca-Cola have all been affected by Buffett's magic touch, and he owns a chunk of all of them. By thirty-one, BUffett had already made himself a millionaire, and he's worked his way steadily toward the top of the Forbes list.
Here is a fascinating portrait of Warren Buffett, known for his investigating genius, his sense of humor, and his mean turn of a phrase. It's an amazing story of a man who carved his own path through American business by doing his homework, backing companies he believed in, and growing rich on their success-a story that will show you that opportunity abounds for anyone willing to go for it.
Summary: A narration on the life of Warren
Rating: 3
Review: At first glance, one would think that this is primarily a book on how to invest using the principles of Warren Buffett. Very much the contrary, this book is actually a narration of the life of Warren, from his days as a child (where he worked part-time as a paper boy) up to describing all his major acquisitions. Sixteen chapters of the book are devoted to this; the remaining one chapter of the book summarises the nine principles of investing.
It is interesting to read about how Warren grows up and his major investment successes. The final chapter would also serve as a very good checklist:
1) Know the numbers and what they mean.
2) Invest in products you understand.
3) Read widely to value prospects.
4) Always maintain a margin of safety.
5) Become a fanatic about investments.
6) Avoid buying "popular" stocks.
7) The secret of compound interest.
Know when to invest.
9) Never run with the street pack.
Certainly, when deciding what stock to purchase, each and every stock should be torn apart and analysed just as one would do when buying/starting any business. And what others feel that a particular stock is worth should not affect our own evaluation of the business prospects. It is the presence of such mismatch in pricing that allows investors like Warren to achieve their extraordinary returns.
Recommendations: This book would be suitable for people who know a little of Warren Buffett and would like to know more about him without going into too much details. For die-hard fans that had already read his annual newsletters to his Berkshire shareholders, they probably wouldn't learn anything new here.
Summary: Good book for Warren Buffett newbies
Rating: 4
I am just getting into Warren Buffett and his Berkshire Hathaway stock. If you are looking for a quick easy read on the history of Warren Buffett and his company, this book would fill that need. This book covered the Buffett history and explained how the "Baby Berkshires" came about. I am sure there are other books that go into more detail, but this book will be a good book to start with.
Summary: A waste of time
Rating: 1
I have read every book regarding Warren Buffett and in my opinion this one is by far the worst. I would urge readers to spend their money on other Buffett books. Any of the other ones would be better than this one.
This one simply regurgitates everything already written about the man and it's not even done with originality.
Summary: Warren Buffett: Master of the Market
Rating: 1
This book does not reveal anything new about WEB
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