How Buffett Does It: 24 Simple Investing Strategies from the World's Greatest Value Investor

by James Pardoe

Overview

A concise, no-nonsense rulebook for investors looking to achieve Buffett-like results

Warren Buffett is one of the wealthiest investor in the world. Millions of independent investors follow his every move. But why Buffett? What signs does he see that others miss? And more important, what can investors do to follow Buffett's path to investment and financial success? How Buffett Does It explores the 24 primary rules Buffett has followed from day one, and that people from market novices to seasoned veterans can use to strengthen their investing results.

Drawing from literally hundreds of quotes and maxims, Buffett admirer and attorney James Pardoe has chosen those that encapsulate and explain the Buffett legend. This plain-talking and investor-friendly guidebook takes readers on an in-depth journey through strategies including:

• Focus on not losing money rather than making it
• Don't own any stock for 10 minutes that you wouldn't own for 10 years
• Be fearful when others are greedy and greedy when others are fearful

Product Details

ISBN-13:	9780071449120
Publisher:	McGraw Hill LLC
Publication date:	06/27/2005
Series:	Mighty Managers Series
Edition description:	First Edition
Pages:	176
Product dimensions:	5.26(w) x 8.22(h) x 0.71(d)

About the Author

James Pardoe (Los Angeles, CA) is the principal attorney with Pardoe & Associates and one of today’s most knowledgeable followers of Warren Buffett. He received his JD from Pepperdine University.

Table of Contents

	The Warren Buffett Way	1
Chapter 1	Choose Simplicity over Complexity	5
Chapter 2	Make Your Own Investment Decisions	11
Chapter 3	Maintain Proper Temperament	17
Chapter 4	Be Patient	23
Chapter 5	Buy Businesses, Not Stocks	31
Chapter 6	Look for a Company That Is a Franchise	39
Chapter 7	Buy Low-Tech, Not High-Tech	45
Chapter 8	Concentrate Your Stock Investments	51
Chapter 9	Practice Inactivity, Not Hyperactivity	57
Chapter 10	Don't Look at the Ticker	63
Chapter 11	View Market Downturns as Buying Opportunities	69
Chapter 12	Don't Swing at Every Pitch	75
Chapter 13	Ignore the Macro; Focus on the Micro	81
Chapter 14	Take a Close Look at Management	87
Chapter 15	Remember, The Emperor Wears No Clothes on Wall Street	95
Chapter 16	Practice Independent Thinking	101
Chapter 17	Stay within Your Circle of Competence	107
Chapter 18	Ignore Stock Market Forecasts	113
Chapter 19	Understand "Mr. Market" and the "Margin of Safety"	119
Chapter 20	Be Fearful When Others Are Greedy and Greedy When Others Are Fearful	127
Chapter 21	Read, Read Some More, and Then Think	133
Chapter 22	Use All Your Horsepower	139
Chapter 23	Avoid the Costly Mistakes of Others	145
Chapter 24	Become a Sound Investor	151
	Further Reading	155