The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy Book + PRICE WATCH * Amazon pricing is not included in price watch

The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy Book

It's no secret that most mutual funds fail to beat the performance of the S&P 500. And if the pros can't beat the averages, it's not unreasonable to assume that most individual investors can't either. Why? According to Robert Hagstrom, author of The Warren Buffett Portfolio, a big reason is the industry's emphasis on diversification. In the interest of minimising risk, many investors have "become intellectually numb to its inevitable consequence: mediocre results." As a result, they wind up owning too many stocks and churn their portfolios unnecessarily (for example, the average mutual fund holds 100 stocks and turns over 80% of its portfolio annually). In The Warren Buffett Portfolio, Hagstrom shows how Buffett and others use the idea of focus investing to organise a winning portfolio. Unlike Hagstorm's first book, The Warren Buffett Way, which dealt with how the world's greatest investor selects individual companies, this book looks at the mathematics, the psychology, and the mental models necessary to build a successful portfolio. The basic ideas: pick no more than 10 to 15 companies with a good track record and high probability of future success, plan to hang on to them for at least five years and ignore predictions and the sometimes terrifying swings in market behaviour. It's hard to argue with Hagstrom's approach, especially when he practices what he preaches. His fund, the Legg Mason Focus Trust, has 15 stocks, an annual turnover rate of 9%, and percentage annual returns in the mid 30's. For thoughtful investors and devotees of Warren Buffett, The Warren Buffett Portfolio is well-written guide aimed at those who are looking for more than the next hot stock tip. Recommended. --Harry C. Edwards, Amazon.comRead More

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  • Foyles

    The Warren Buffett Way provided the first look into the strategies that the master uses to pick stocks. A New York Times bestseller, it is a valuable and practical primer on the principles behind the remarkable investment run of the famed oracle of Omaha. In this much-awaited companion to that book, author Robert Hagstrom takes the next logical step, revealing how to profitably manage stocks once you select them. THE WARREN BUFFETT PORTFOLIO will help you through the process of building a superior portfolio and managing the stocks going forward.Building a concentrated portfolio is critical for investment success. THE WARREN BUFFETT PORTFOLIO introduces the next wave of investment strategy, called focus investing. A comprehensive investment strategy used with spectacular results by Buffett, focus investing directs investors to select a concentrated group of businesses by examining their management and financial positions as compared to their stock prices. A strategy that has historically outperformed the market, focus investing is based on the principle that a shareholder's return from owning a stock is ultimately determined by the economics of the underlying business.Hagstrom explains in easy-to-understand terms exactly what focus investing is, how it works, and how it can be applied by any investor at any level of experience. He demonstrates how Buffett arranges his stocks in a focus portfolio and reveals why this is as responsible for his incredible returns as the individual stocks he picks. Ultimately, Hagstrom shows how to use this technique to build and manage a portfolio to achieve the best possible results.

  • BookDepository

    The Warren Buffett Portfolio - Mastering the Power of the Focus Investment Strategy : Paperback : John Wiley & Sons Inc : 9780471392644 : 0471392642 : 28 Nov 2000 : The Warren Buffett Way provided the first look into the strategies that the master uses to pick stocks. A New York Times bestseller, it is a valuable and practical primer on the principles behind the remarkable investment run of the famed oracle of Omaha.

  • ASDA

    Robert Hagstrom explains what focus investing is how it works and how investors can apply it. He demonstrates how Buffett arranges his stocks in a focus portfolio and reveals why this is as responsible for his returns as the individual stocks he picks.

  • Blackwell

    Praise for THE WARREN BUFFETT PORTFOLIOTHE EXTRAORDINARY FOLLOW-UP TO THE MOST IMPORTANT STOCK BOOK OF THE 1990s.KENNETH L. FISHER, Forbes This is an outstanding investment book and an important one. In The Warren Buffett Way, Robert Hagstrom...

  • 0471392642
  • 9780471392644
  • Robert G. Hagstrom
  • 28 November 2000
  • John Wiley & Sons
  • Paperback (Book)
  • 256
  • 2nd Revised edition
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