Investment Bible

Author: (American) Kiplinger / He Yuzhu and others
Publisher:
Publish Date: 2005-04-01
Features: Warren Buffett, a legendary stock market investment genius. Unlike the profit-driven myths of Wall Street, Buffett, who never aimed for quick profits, created a true legend. In less than half a century, he created tens of thousands of millionaires, expanding his capital by over 30,000 times, while the Dow Jones 30 Industrial Average index rose by only about 11 times during the same period. This book showcases his unique personality, extraordinary talents, noble virtues, investment philosophy, and other distinctive traits through more than 200 typical real-life stories of Buffett, allowing readers to learn his value investment philosophy and investment skills as if they were experiencing it firsthand. This book is suitable for: professionals in the field of securities investment, students of finance and related majors in universities and colleges, and hobbyists interested in securities investment.
Warren Buffett, a legendary stock market investment genius. The wisdom crystallized by Buffett: Berkshire Hathaway Company. Forty years ago, Berkshire Hathaway was a struggling textile factory. Under Buffett's meticulous management, the company's net assets grew from $228.87 million in 1964 to $162 billion by the end of 2001, and its stock price rose from $7 per share to $90,000. Today, Berkshire Hathaway Group has evolved into a renowned enterprise in the Fortune Global 500, encompassing three major industries: banking, funds, and insurance; news media; and large holding companies, as well as equity investments in major enterprises like Coca-Cola, American Express, Gillette, Disney, Time Warner, and Solomon Company, along with various bond portfolio investments. It ranks 13th among the top 100 most capitalized companies in the world. Only after the U.S. stock market bubble burst in 2001 did Buffett's value investment philosophy and long-term holding strategy gain widespread recognition, as the public once again focused on the earnings, prices, and values of listed companies. Over more than 40 years, Buffett has generated over 30,000 times in high returns for hundreds of thousands of shareholders who trusted his investment philosophy and invested in his company, creating millions of millionaires, billionaires, and even billionaires for over 300,000 Berkshire shareholders in the United States, the United Kingdom, Germany, India, and Canada. Statistics show that only in Omaha, where Buffett has long resided, there have been 200 Buffett-level billionaires. Each business owned by Berkshire Hathaway is a part of Buffett's value investment philosophy, being painted on the financial canvas of "The Investment Bible." Today, Buffett is building Berkshire Hathaway from scratch into a financial empire—one that not only holds unimaginable economic value but also possesses eternal value beyond worldly money.
Buffett himself possesses extraordinary creativity, noble character, quick wit, and a humor that everyone enjoys. Over the years, dozens of corporate managers who have worked with him have remained loyal to him, except for those who have retired or passed away. This book presents Buffett's thoughts, insights, actions, and behaviors in the securities market through more than 200 typical real-life stories, allowing readers to feel as if they are witnessing it firsthand, making it tangible, touchable, and learnable. At the same time, the book provides an in-depth yet accessible analysis of his personality, talents, and the trust shareholders have in him. Buffett primarily adopts a long-term investment strategy: "There is nothing more foolish than betting against America. Since 1776, such bets have never won." The story of Warren Buffett begins here.