New Releases by Robert G. Hagstrom

Celebrates 25 years of Buffett’s focus investing strategy with fresh insights for today’s investors For more than two decades, The Warren Buffett Portfolio has guided investors toward mastering the art of focus investing—a strategy that concentrates on a select group of superior businesses rather than spreading resources thin across countless holdings. With the release of the 25th Anniversary Edition, Robert G. Hagstrom, one of the most respected interpreters of Warren Buffett’s investment philosophy, offers fresh insights into why concentrated portfolios remain the key to long-term wealth creation, even in today’s volatile markets. This updated edition addresses the limitations of conventional portfolio theory and challenges readers to rethink risk, diversification, and market efficiency through the lens of Buffett’s remarkable success. Hagstrom expands the original work with powerful new material that reflects what he has learned since introducing the concept of focus investing. New chapters explore the philosophy of focus investing including a deeper exploration of Charlie Munger’s “Art of Achieving Worldly Wisdom.” In addition, there are new chapters on the mathematics of focus investing, psychology of focus investing and how to think about the structure of markets. Equipping investors at every level with the tools, models, and mental framework needed to build portfolios capable of outperforming the market over time, The Warren Buffett Portfolio, 25th Anniversary Edition: Compares modern portfolio theory with Buffett’s alternative view of risk and portfolio management. Provides update analysis of “Superinvestors of Buffettville.” Explains probability theory and how to apply to investing, Kelly Optimization Model, high active share investing, frequency versus magnitude, sideways markets, trends of the system versus trends in the system. Explores the psychology of investing through the insights of myopic loss aversion, the fallacy of risk tolerance questionnaires, System 1 and System 2 thinking, and the psychology of misjudgment models. Tutors readers on how to build a latticework of mental models explaining the core models of rationality, pragmatism, philosophy of language, self-reliance, physics model of equilibrium along the side the biological model of evolution and adaptation. Presents new frameworks for how to think about market prices and the changing structure of markets, patience premium, wisdom of crowds and diversity breakdowns. Offers a fresh, new approach to investing called “business-driven investing” designed for achieving and compounding long-term growth. Combining rigorous analysis with practical guidance, The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy, 25th Anniversary Edition, is essential reading for undergraduate and graduate students in finance, economics, and investment management courses, especially within MBA and CFA programs. It also serves as a trusted reference for professional investors, portfolio managers, and financial advisors seeking to refine their strategies and achieve superior results

An insightful new take on the life and work of one of the world's most remarkable investors: Warren Buffett In the 30th Anniversary Edition of The Warren Buffett Way, celebrated author and investor Robert Hagstrom delivers the definitive version of his bestselling compendium of the investment strategies made famous by Warren Buffett. The Warren Buffett Way describes the twelve investment tenets of Warren Buffett's strategy called business-driven investing and his distinct approach to managing a portfolio of businesses. You'll learn how you can apply these same principles to building your own portfolio and find discussions on the psychology of long-term investing, its optimal benefits, and how to avoid the most common pitfalls and mistakes encountered by investors. This latest edition includes: A new author preface to complement the existing forewords from Peter Lynch, Bill Miller, and Howard Marks. Insights on how to achieve worldly wisdom advanced by Warren Buffett's longtime business partner Charlie Munger. Footnotes and references to academic work that supports and expands on Warren Buffett's investment approach and portfolio management. The complete Berkshire Hathaway common stocks portfolios from 1977-2021. An indispensable guide to the remarkable work and accomplishments of Warren Buffett, The Warren Buffett Way is a can't-miss resource for professional and individual investors who want to learn from the world's greatest investor.

PUJIAN UNTUK BUKU THE WARREN BUFFETT WAY ÒThe Warren Buffett Way menjelaskan mengenai karier Buffett dan memberikan berbagai contoh di masa kini tentang bagaimana teknik-teknik dan metode-metode investasinya kemudian berkembang, serta orang-orang penting yang terlibat dalam proses itu. Buku ini juga menjelaskan tentang berbagai keputusan investasi penting yang membuahkan sejarah kinerja yang tak tertandingi.Ó ?PETER S. LYNCH, penulis buku terlaris, One Up on Wall Street dan Beating the Street ÒBuku yang sangat berguna tentang metode seorang investor yang dianggap oleh banyak orang sebagai investor terbesar di dunia.Ó ?The Wall Street Journal ÒRobert Hagstrom memberikan penelitian mendalam tentang strategi-strategi Warren Buffett, serta Ôbagaimana dan mengapaÕ yang melatarbelakangi setiap pilihan sekuritas utamanya yang berkontribusi terhadap rekor kesuksesannya yang luar biasa. Kebijaksanaan dan filosofinya yang ÔsederhanaÕ juga merupakan bagian dari buku yang komprehensif, menarik, dan menyenangkan untuk dibaca ini.Ó ?JOHN C. BOGLE, founder and retired CEO, The Vanguard Group ÒSungguh luar biasa. Buffett mendapatkan banyak perhatian atas ajaran yang dia sebarkan, tetapi tidak ada seorang pun yang bisa menggambarkan dengan lebih baik apa yang dipraktikkannya daripada Hagstrom. Buku ini menggambarkan kenyataan dari setiap saham utama yang pernah dibeli oleh Buffett dan mengapa dia membelinya. Sungguh menarik. Anda bahkan bisa mencobanya sendiri.Ó ?JOHN ROTHCHILD, penulis buku terlaris, The Bear Book dan The Davis Dynasty ÒTidak ada seorang pun yang dapat menggambarkan dengan lebih baik apa yang dipraktikkan oleh Buffett selain Hagstrom.Ó ?Time ÒHampir semua orang yang penasaran mengenai hubungan antara perilaku ekonomi, kinerja perusahaan, dan naik turunnya pasar saham akan mendapatkan hal-hal yang menarik di buku ini.Ó ?The Economist

The bestselling book on Warren Buffett returns, with new insights and a companion video component Often described as the greatest investor of all time, Warren Buffett grew a $100 investment in the late 1950s into an investment empire. In the process, he has become one of the wealthiest individuals in the world, and the foremost authority on investing of our generation. With over one million copies sold, The Warren Buffett Way is the definitive book on "The Oracle of Omaha's" investment methods. Completely revised and updated, the Third Edition of The Warren Buffett Way + Video focuses on the timeless principles and strategies behind Buffett's extraordinary investment success. This edition contains new chapters on the important distinctions between investing and trading, as well as an examination of the most successful disciples of Warren Buffett. Throughout the book, fresh examples and case studies are used and Buffett's successful formula is distilled in a way that will provide value to readers for decades to come. Video featuring Robert Hagstrom discussing several important topics within the book is a valuable addition to this version of The Warren Buffett Way This edition represents the totality of Buffett's investment career and focuses on his timeless investing principles Written by foremost Buffett expert Robert Hagstrom Engaging and informative the Third Edition of The Warren Buffett Way + Video is essential—not just for avid Buffett fans, but for anyone who wants to know what it takes to make the best investment decisions possible.

The bestselling book and workbook on Warren Buffett, with new insights on his continued success Often described as the greatest investor of all time, Warren Buffett grew a $100 investment in the late 1950s into an investment empire. In the process, he has become one of the wealthiest individuals in the world, and the foremost authority on investing of our generation. With over one million copies sold, The Warren Buffett Way is the definitive book on "The Oracle of Omaha's" investment methods. Completely revised and updated, the Third Edition of The Warren Buffett Way focuses on the timeless principles and strategies behind Buffett's extraordinary investment success. This specific package contains the book—which includes new chapters on the important distinctions between investing and trading and an examination of the most successful disciples of Warren Buffett—as well as the Workbook, which is filled with a wealth of practical insights that will help you understand and apply the proven principles found in the book. This combination will allow you to gain a better perspective of Buffett’s successful formula and show you what it takes to make more informed investment decisions. A comprehensive package that contains both The Warren Buffett Way, Third Edition book and Workbook Represents the totality of Buffett's investment career and focuses on his timeless investing principles The Workbook contains informative question-and-answer sections that correspond to the topics covered throughout the actual book Written by foremost Buffett expert Robert Hagstrom Engaging and informative the Third Edition of The Warren Buffett Way + Workbook is a must-have—not just for avid Buffett fans, but for anyone who wants to know what it takes to make the best investment decisions possible.

The Warren Buffett Way Workbook consists of over 500 questions and answers to help readers of The Warren Buffett Way reinforce and cement their knowledge of Buffett’s hugely successful investment approach. The Workbook follows The Warren Buffett Way, 3e, providing a combination of multiple choice and essay questions for each chapter in the core book. Given the depth and range of questions, a reader who masters the material in the Workbook will be equipped with the knowledge to begin to apply Buffett’s methods to his/her own investment portfolio. All answers are provided in the Workbook, including answers to the essay questions. The perfect accompaniment to The Warren Buffett Way, 3e and The Warren Buffett Way Video Course, the Workbook will provide readers with a sure path to begin investing just like Warren Buffett.

本书为对独立理财感兴趣的投资者提供了集中投资股本、管理投资股本的知识框架。用浅显易懂的语言介绍了集中投资的理论基础、知识构架、选股工具及其应用。

Applying Buffett's principles to technology and international investing From the bestselling author of The Warren Buffett Way and The Warren Buffett Portfolio comes The Essential Buffett: Timeless Principles for the New Economy. In this fresh take on Buffett's irrefutable investment methods, Robert Hagstrom shows readers how to apply Buffett's principles to technology and international investing using real-life case studies of successful fund managers like Legg Mason's Bill Miller. Following the Buffett model, Hagstrom explains Buffett's four timeless principles: 1) analyze a stock as a business; 2) demand a margin of safety for each purchase; 3) manage a focus portfolio; 4) protect yourself from the speculative and emotional forces of the market. Then Hagstrom shows how Buffett's thinking can be applied in the new economy, addressing technology investing, international investing, small cap stocks, and socially responsible investing. Perhaps most valuable are Hagstrom's insights into the psychology behind Buffett's focus investing. For the first time, we are given sure-fire guidelines on how to become a winning Buffett disciple. The Essential Buffett will include convenient sidebars featuring key Buffett ideas, enabling readers to quickly compare Buffett's fundamental tenets.

Hagstrom, bestselling author of "The Warren Buffett Way, " delves into the techniques of some of the world's legendary sleuths--Sir Arthur Conan Doyle's Sherlock Holmes; Edgar Allan Poe's Auguste Dupin; and G. K. Chesterton's Father Brown--to demonstrate that the same mental skills that characterize a good detective also define a good investor.

本书包括:思维模式格栅;物理学:平衡的学问;生物学:物种的起源;社会学:蚂蚁、塌落和复杂系统等内容。

From the bestselling author of The Warren Buffett Way, a revealing inside look at the booming business-and investment opportunities-of NASCAR "Hagstrom's insights and observations bring a refreshing 'outside' business perspective to our industry." --From the Foreword by William C. France, President, NASCAR "From its origins in Daytona in the '50s to today's live network broadcasts for millions of devoted fans, Robert Hagstrom offers an in-depth look at the fastest-growing sport in the country. The NASCAR Way explains how and why dozens of Fortune 500 companies have been lining up to jump on board." --Michael T. Hargrave, Senior Motorsports Manager, Anheuser-Busch, Inc. "It is great to be associated with NASCAR, the France family, and for me to get paid for what I love-to race! In The NASCAR Way, you see a prime-time sport." --Dale Earnhardt, 7-time NASCAR Winston Cup champion "An accurate and entertaining perspective to the unbridled capitalism that has built NASCAR into the #2 sport in America after football." --Bill Nielsen, Director, Promotion Development and Licensing, Kellogg USA, Inc. "Hagstrom understands how our business works both on and off the track. His perception of our sport will have you racing through the pages on the edge of your seat. The book is definitely a winner!" --Dale Jarrett, Winston Cup driver

Traverses the disciplines of finance, psychology, physics, biology, and philosophy to provide a greater understanding of investing.

Pourquoi Warren Buffett est-il considéré comme le grand maître du monde de l'investissement ? Comment a-t-il réussi à transformer 100 $ en 12 milliards de dollars en 40 ans de carrière à la bourse ? De quelle manière l'investisseur moyen peut-il tirer profit des méthodes de Warren Buffett ? Telles sont les questions auxquelles l'auteur tente de répondre dans cet ouvrage. Nous découvrons que Warren Buffett étudie les affaires avec sérieux et intérêt, qu'il est capable de déterminer rapidement l'élément clé d'une société ou la manière de régler un problème complexe avec une précision hors pair. Warren Buffett a fait fortune en choisissant d'investir dans des entreprises qui sont dans son " champ de compétence ", dirigées par des personnes honnêtes et orientées sur le rendement aux actionnaires. Coca-Cola, Capital Cities/ABC, Gillette, American Express en font partie. Les stratégies de Warren Buffett vous permettra de connaître l'approche de Warren Buffett, ses principes et sa philosophie de l'investissement. Essentiellement, Warren Buffett nous propose des conseils basés sur le bon sens et la sagesse. Des recommandations simples et efficaces dont peuvent bénéficier tous les investisseurs, débutants ou chevronnés.

Phương Pháp Đầu Tư Warren Buffett - Những nguyên lý đầu tư của nhà đầu tư vĩ đại nhất thế giới Thị trường chứng khoán ngày càng sôi động. Nhiều “Chuyên gia tự phát” thi nhau phát biểu hoặc truyền tay những phương pháp, mánh khóe đầu tư để thu hút sự chú ý của các nhà đầu tư. Nguồn thông tin nhiễu động đó khiến các nhà đầu tư non kinh nghiệm hoặc nhẹ dạ dễ bị cuốn vào, lạc lối và có thể bị lạc mãi mãi. Bởi vì sự thực là KHÔNG CÓ NHIỀU CÔNG THỨC HIỆU QUẢ trong thị trường. Warren Buffett là nhà đầu tư vĩ đại nhất thế giới, rất ít người có thể sánh kịp tốc độ kiếm tiền vừa nhanh vừa bền vững như ông. Qua nhiều năm, trí tuệ và kỷ lục đầu tư của ông đã mê hoặc cộng đồng đầu tư chuyên nghiệp, trở thành hình mẫu nổi tiếng nhất trong lĩnh vực đầu tư. Nguồn gốc thành công của ông đến từ lối tư duy và các chiến lược đúng đắn đã được giới đầu tư thế giới công nhận là phương pháp luận phù hợp với cả cá nhân và các tổ chức muốn tăng cơ hội kiếm lời từ thị trường chứng khoán. Cuốn sách Phương Pháp Đầu Tư Từ Warren Buffett được Alpha Books mua bản quyền và phát hành sẽ giúp các nhà đầu tư Việt Nam có cái nhìn chính xác về sự nghiệp và nắm bắt được những chiến lược từng giúp Warren Buffett thành công. PHƯƠNG PHÁP ĐẦU TƯ TỪ WARREN BUFFETT CÓ GÌ HẤP DẪN? Được tập hợp và phân tích từ các báo cáo của Buffett - nguồn tài liệu đã được ông công khai và chấp nhận cho xuất bản, cuốn sách trở thành phương tiện tốt nhất để bạn đọc có thể tiếp cận với tư duy kinh doanh và phương pháp đầu tư của Buffett. Nghiên cứu những hoạt động gần đây của Buffett để rút ra những bài học và xem xét khi nào sự thay đổi môi trường tài chính dẫn đến những thay đổi trong chiến lược đầu tư của ông. Những nội dung có trong cuốn sách này bao gồm : - Trình bày ngắn gọn tiểu sử của Buffett, một trong những tỷ phú giàu nhất thế giới hiện nay. - Tiết lộ những yếu tố và sự kiện hình thành nên triết lý đầu tư của Buffett - Phác họa các nguyên lý kinh doanh ,quản lý ,tài chính và giá trị hình thành nên phương pháp đầu tư Buffett - Phân tích quá trình quản lý danh mục đầu tư - Thảo luận khái niệm tâm lý tiền bạc và cách Buffett sử dụng khái niệm này để tránh những sai lầm thông thường trong đầu tư. Mục tiêu chính của “Phương pháp đầu tư từ Warren Buffett” là giúp các nhà đầu tư hiểu và áp dụng những chiến lược đầu tư đem lại thành công cho Buffett. Cuốn sách này được trình bày sao cho một người chưa có kinh nghiệm về kinh doanh và tài chính cung có thể hiểu được, qua đó giúp bạn có cái nhìn chính xác hơn về những biến động và quy luật đầu tư trên thị trường chứng khoán. Cho dù bạn có đủ tiền để mua 10% cổ phần của một công ty, hay chỉ mua được 100 cổ phiếu thì cuốn sách này cũng giúp bạn thu lợi nhuận khi đầu tư. CHUYÊN GIA NÓI VỀ CUỐN PHƯƠNG PHÁP ĐẦU TƯ TỪ WARREN BUFFETT? “Đây là một cuốn sách tuyệt vời nhất miêu tả những hoạt động thực tiễn của Buffett.” — Times “Một cuốn sách chứng khoán quan trọng hàng đầu...Nếu bạn nghĩ mình biết tất cả về Warren Buffett, thì sẽ còn nhiều điều bạn cần biết từ cuốn sách này". — Forbes “Bất kỳ ai quan tâm đến mối quan hệ giữa hành vi kinh tế, hoạt động của các tập đoàn và sự thăng trầm của thị trường chứng khoán đều sẽ tìm thấy nhiều điều bổ ích trong cuốn sách này. — The Economist “Phương pháp đầu tư từ Warren Buffett là cuốn sách dễ hiểu đối với mọi độc giả bởi Robert G. Hagstrom đã cô đọng những kỹ thuật đầu tư của tỷ phú Warren Buffett thành những nguyên lý đơn giản. — The Dallas Morning News