Buffettology by Mary Buffett
The Stock Market is a popular avenue that offers the hope of acquiring wealth and early retirement. It is estimated that the number of households that own stock has increased from about 20 percent in the early 1980s to over 40 percent today.
Which better person to seek insights from than from the most successful investor of our time? Warren Buffet, the author and subject of dozens of books and magazine articles has come up with another approach to investing called Buffettology.
In Buffettology, myths of Wall Street folklore is replaced by business perspective investing. It espouses a style of investing that is based on an essential quality that most investors lack. This essential quality is discipline. Through this book, one will come to realize that having a business perspective on investing is more about discipline than philosophy.
It will offer one the insight that most failures and mistakes in investing is brought upon by fear and greed and this insight will offer the investor the opportunity to take advantage of this mistakes made by the masses. This one insight alone will enable the investor to take advantage of these mistakes and benefit by having the discipline to invest only when the investment makes sense from a business perspective.
One will also be introduced to Buffet’s methods for valuing companies and selecting stocks. It will also provide readers with valuation formulas that Buffet personally uses when researching a company to buy.
Buffetology is definitely one of the best books ever to be written on Warren Buffet’s investment methods and is an excellent primer to investing in stocks.
