Trade Like Buffett

Author: (USA) Altucher, J. (Author), Hu Zhiqiang (Translator)
Publisher:
Publish Date: 2007-01-01
Features: Always remember two principles in investing: The first is never to lose money; the second is to never forget the first. — Warren Buffett In the past 50 years, no one has adopted a more diverse range of investment strategies than Buffett: stocks, commodity investments, bonds, arbitrage transactions, funds, and Graham-Dodd methods. This book details all of Buffett's investment trading methods. "Trading is a very tough business, and Like Buffett Trading adds another valuable book to the library collections that include materials related to Buffett. Many of the contents described in the book have never been covered in existing books about Buffett, which is absolutely worth reading for him." — Kenneth Fisher, "Portfolio Strategy" Columnist, Fisher Investments, Founder and CEO of Fisher Investments "Finally, someone has cracked the legendary buy-and-hold stock investment of Buffett. The author clearly explains how Buffett accumulated his wealth and how we can emulate him, with detailed case studies of his transactions. This book is a must-read for anyone who wants to understand how the investment master operates." — John Molson, author of Bull's Eye Investing, editor of Thoughts from the Frontline (an electronic investment newsletter) Buffett's Investment Career: Early Stage: Starting with $100, buying stocks priced below their value, practicing value investing, seizing special arbitrage opportunities, and discovering value. Mid Stage: Transitioning from a successful hedge fund manager to an asset allocator and a giant insurance company. There is no single way to summarize Buffett's investment style during this period. Late Stage: The 1990s and the following 21st century presented Buffett with an interesting dilemma—he had too much money to manage, yet there were too few excellent companies in the world. The direct result was that Buffett placed greater emphasis on safety. When the whole world was hyped about the internet concept in the 1990s, Buffett diversified his investments in bonds, silver, and foreign exchange. This book includes the details of all of Buffett's investment trading methods, and to discuss each investment strategy, the author interviewed financial experts who explained in detail how they successfully used these strategies and techniques. Buffett's Investment Career: Early Stage: Starting with $100, buying stocks priced below their value, practicing value investing; seizing special arbitrage opportunities, and discovering value. Mid Stage: Transitioning from a successful hedge fund manager to an asset allocator and a giant insurance company. There is no single way to summarize Buffett's investment style during this period. Late Stage: The 1990s and the following 21st century presented Buffett with an interesting dilemma—he had too much money to manage, yet there were too few excellent companies in the world. The direct result was that Buffett placed greater emphasis on safety. When the whole world was hyped about the internet concept in the 1990s, Buffett diversified his investments in bonds, silver, and foreign exchange. This book includes the details of all of Buffett's investment trading methods, and to discuss each investment strategy, the author interviewed financial experts who explained in detail how they successfully used these strategies and techniques.