The Warren Buffett Way

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. ^[2]

The principles included:

1. Purchase businesses with excellent long-term prospects
2. Purchase businesses at a large discount to their intrinsic value
3. Purchase businesses with a high return on invested capital
4. Purchase businesses with honest managers

References