Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: meecho Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 27423  
Subject: Snowball on Warren Buffett: Book Review Date: 1/2/2011 3:35 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Read it if: You want to study every detail about how the world’s greatest investor lived his life.

Best insight for investors: Buffett had great success early on in his career focusing on Benjamin Graham’s undervalued “cigar butt” companies, businesses that had been written off by the market and were trading at less than the value that their assets would fetch in bankruptcy. These were dying companies, to be sure, but Buffett’s research showed him which ones were good for “one last puff.” Buffett’s real success, though, came from applying his investing skill to the quest for what his partner Charlie Munger called “great businesses” like Geico, Coca-Cola, and American Express.

Funniest Quote: “When [Buffett] finally got a car, he washed it only when it was raining, so the rain could do the manual labor of rinsing.”


My full review is posted here:

http://sigmaswan.blogspot.com/2011/01/sunday-book-review-sno...
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Berkshire Hathaway

Starting a Small Business
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement