The Warren Buffett Way

This is not an auto-biography but an in-depth look into how Warren Buffett chose his investments via his methods and philosophy.

What it taught me:
1) Ignore stock market fluctuations;
2) Buy shares as if you were buying businesses;
3) If you are too lazy to do your homework, buy an index fund instead.


Should you read it?:
The analysis of the different companies that Buffett has invested in is pretty detailed and is full of statistics. This is definitely heavy reading and not recommended for those who hate data analysis. Moreover, each investment of Buffett is scrutinized by the author in every chapter and it can get pretty tedious.
You can gain the most out of it if you have some prior knowledge of equities and bonds.
However, you can gain a pretty good understanding of the Buffett way by reading the first 2 chapters (which gives you some background information on the man) and the last 2 chapters (which summarizes the key methods that Buffett employs).
The Afterword is not to be missed as it shows how the Buffett way can be employed in the modern economy.


Favourite Quote:
'All we want is to be in businesses that we understand, run by people whom we like, and priced attractively relative to their future prospects'

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