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Title details for Inside the Investments of Warren Buffett by Yefei Lu - Available

Inside the Investments of Warren Buffett

Twenty Cases

by Yefei Lu
ebook
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Since the 1950s, Warren Buffett and his partners have backed some of the twentieth century's most profitable, trendsetting companies. But how did they know they were making the right investments? What did Buffet and his partners look for in an up-and-coming company, and how can others replicate their approach?
A gift to Buffett followers who have long sought a pattern to the investor's success, Inside the Investments of Warren Buffett presents the most detailed analysis to date of Buffet's long-term investment portfolio. Yefei Lu, an experienced investor, starts with Buffett's interest in the Sanborn Map Company in 1958 and tracks nineteen more of his major investments in companies like See's Candies, the Washington Post, GEICO, Coca-Cola, US Air, Wells Fargo, and IBM. Accessing partnership letters, company documents, annual reports, third-party references, and other original sources, Lu pinpoints what is unique about Buffett's timing, instinct, use of outside knowledge, and postinvestment actions, and he identifies what could work well for all investors in companies big and small, domestic and global. His substantial chronology accounts for broader world events and fluctuations in the U.S. stock market, suggesting Buffett's most important trait may be the breadth of his expertise.

  • Creators

  • Publisher

  • Release date

    August 9, 2016

  • Formats

    • OverDrive Read

      • ISBN: 9780231541688
      • File size: 7815 KB

    • EPUB ebook

      • ISBN: 9780231541688
      • File size: 7815 KB

  • Languages

    • English

  • Reviews

    • Publisher's Weekly

      June 13, 2016
      Warren Buffett’s investment acumen is frequently celebrated but less often analyzed, and those analyses are rarely as thorough or dispassionate as this one from debut author Lu, a portfolio manager at Shareholder Value Management. Lu has selected 20 companies—some obscure (the Sanborn Map Company), some household names (IBM, Coca-Cola)—in which Buffett obtained an interest between 1958 and 2011. Through historical research and financial statement analysis, Lu has attempted to divine what Buffett saw in them. Some common themes emerge. Buffett preferred, as he quipped, to buy a wonderful company at a fair price rather than a fair company at a wonderful price. He also looked for transparency; consistent earnings growth or compounded returns; good management; and opportunities to outperform the stock market through undervalued securities, “workouts,” or “control situations.” One of Lu’s conclusions is that it is indeed possible for ordinary investors to replicate Buffett. She reveals a cautious, methodical investor who sought businesses with structural advantages that grew over time and who also, in demanding a “margin of safety,” seldom risked capital. For serious investors and analysts eager to transcend the cult of personality around Buffett and discern what actually makes him great, this study comes highly recommended.

    • Library Journal

      August 1, 2016

      Portfolio manager Lu's book answers the questions readers may have about making potential investments into a company. Containing 20 cases that span Warren Buffett's early investments into recent years, it should not be considered as another document of Buffett's works, but is to be used as an investment guide. Each of the cases contains all relevant financials, which readers can apply to understand what factors were behind Buffett's investment decisions as well as tools to use when deciding to invest. These include examining the financials and analyzing the operating segments of the company and the competitive environment in which any subbusinesses operate. It can be read alongside titles such as Benjamin Graham's The Intelligent Investor. Lu's book presents actual situations that investors would face when grappling with whether to make an investment and lessons learned from each choice. VERDICT Recommended for any investor or student seeking financial expertise.--Adesh Rampat, Port of Spain, Trinidad and Tobago

      Copyright 2016 Library Journal, LLC Used with permission.

Formats

  • OverDrive Read
  • EPUB ebook

subjects

Languages

  • English

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