The Warren Buffett Way
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The Warren Buffett Way | |
Author | Robert Hagstrom |
---|---|
Country | USA |
Language | English |
Subject(s) | Investment |
Publisher | John Wiley & Sons |
Publication date | 12 November 2004 - 2nd edition |
ISBN | ISBN 978-0471648116 |
The Warren Buffett Way, a book by author Robert Hagstrom, outlines the principles of value investing practiced by successful investor Warren Buffett.
The first edition, published in 1994, sold over a million copies and spent 21 weeks on the New York Times Hardcover Nonfiction Bestseller list.[1] A decade later, Hagstrom issued a second, expanded edition.
The principles included:
- Purchase businesses with excellent long-term prospects
- Purchase businesses at a large discount to their intrinsic value
- Purchase businesses with a high return on invested capital
- Purchase businesses with honest managers