From Publishers Weekly
Starting with $10,000 in 1956 and today worth some $8.5 billion, with significant holdings in Coca-Cola, Capital Cities/ ABC and the Washington Post Company, Omaha, Nebr.-based Buffet is a major player on Wall Street. Financial consultant Hagstrom, who did not interview his subject but obtained permission to quote from his Berkshire Hathaway annual reports, here outlines Buffet's iconoclastic tenets for investing. Unlike many entrepreneurs who take over companies to sell them off in bits, Buffet buys and holds. He rejects the "efficient market theory"; he doesn't worry about the stock market; and he buys a business, not a stock. He manages with a small staff, no computers and a "hands off" strategy. Learning his secrets here, now the rest of us can do a Buffet? Illustrations. Fortune Book Club dual main selection. Copyright 1994 Reed Business Information, Inc.


From Library Journal
Hagstrom, a principal in a Philadelphia investment firm, describes the investment strategies and techniques used by Warren Buffett to realize enormous success as a professional investor. Aiming his analysis at the individual investor, Hagstrom reviews the influence of Buffett's mentors, Ben Graham and Philip Fisher, and illustrates Buffett's synthesis of their investment philosophies. Hagstrom provides case studies of Buffett's major investments, showing the qualities of the companies that had appeal. Buffett's investment philosophy espouses long-term investing, respect for good management, and recognition of the value of a business franchise. This insightful work is a worthwhile complement to Graham's classic writings, considered essential for new investors.Joseph Barth, U.S. Military Acad. Lib., West Point, N.Y.Copyright 1994 Reed Business Information, Inc.


The Wall Street Journal
...an extraordinarily useful account of the methods of an investor held by many to be the world's greatest.


Time
It's first rate. Buffett gets a lot of attention for what he preaches, but nobody has described what he practices better than Hagstrom. Here is the lowdown on every major stock he ever bought and why he bought it. Fascinating.--John Rothchild


From AudioFile
The investment legend's personal story and investment methods make for a surprisingly captivating audio. Though Stefan Rudnicki's pacing is too slow, crisp writing and a fast-moving story line make this condensed production of Hagstrom's 1994 book captivating listening. The author is the preeminent Buffett expert, and it shows. Though the abridgment sacrifices some of the folksy texture and cultural context of Buffett's life, the strategies connected with Buffett's success are spelled out with elegant clarity--not just the business formulas, but the personal biases and management philosophies, as well. An essential investment audio, and a nice resource for all equity investors. T.W. © AudioFile 2005, Portland, Maine-- Copyright © AudioFile, Portland, Maine


From Booklist
Warren Buffett was identified as the richest person in America by Forbes last year. Of the more than 70 individuals or families worth more than $1 billion on Forbes list, only Buffett acquired his wealth through investing. Hagstrom, a principal at a Philadelphia investment firm, has tracked the success of Buffett for more than 10 years and argues that the same strategies that Buffett uses in selecting acquisitions can be used by individuals in selecting stocks. Buffett's firm, Berkshire Hathaway, has one of the most widely read annual reports issued, with Buffett himself personally contributing advice, humor, and insight. Hagstrom had Buffett's approval in including extensive quotes from these reports, but Buffett cooperated in no other way with this book. Hagstrom examines the influence of Benjamin Graham and his classic The Intelligent Investor on Buffett and details what Buffett looks for in his investments. Recommended for libraries with popular investment collections. David Rouse


Book Description
Buffett is back . . . and better than before!

A decade has passed since the book that introduced the world to Warren Buffett -- The Warren Buffett Way by Robert Hagstrom -- first appeared. That groundbreaking book spent 21 weeks on the New York Times Hardcover Nonfiction Bestseller list and sold over 1 million copies.

Since then, Warren Buffett has solidified his reputation as the greatest investor of all time -- becoming even richer and more successful, despite the wild fluctuation of the markets. How does this value investing legend continue to do it? That's where Robert Hagstrom and the Second Edition of The Warren Buffet Way come in. This edition is a completely revised and updated look at the Oracle of Omaha -- comprising Buffett's numerous investments and accomplishments over the past ten years, as well as the timeless and highly successful investment strategies and techniques he has always used to come out a market winner. This edition is especially accessible as Buffett's basic tenets of investing are presented and illuminated with relevant and up to date examples.

Order your copy today!


The publisher, John Wiley & Sons
Warren Buffett is a savvy investor and notoriously brilliant stockpiler who can raise the price of a company's stock simply by purchasing its shares. This fascinating book covers his life and his innovative, highly successful investment theories and tactics that encourage investors to act like owners--building and reengineering companies instead of stripping and selling them.


From the Inside Flap
A decade has passed since the book that introduced Warren Buffett to the world–The Warren Buffett Way by Robert Hagstrom–first appeared. Since then, Buffett has solidified his reputation as the greatest investor of all time–quietly amassing a multibillion-dollar fortune, despite the wild fluctuation of the markets. Although Buffett has claimed time and again that what he does is not beyond anybody else’s competence, some people still do not understand how this value investing legend can consistently perform so well. That’s where Robert Hagstrom and the Second Edition of The Warren Buffett Way come in. This completely revised and updated look at the Oracle of Omaha encompasses Buffett’s numerous investments and accomplishments over the past ten years, as well as the timeless and highly successful investment strategies and techniques he has always used to come out a market winner. Rather than presenting Buffett’s strategies by stock purchases–as he did in the first edition–Hagstrom makes "Buffett’s Way" more accessible to you, the individual investor, by presenting Buffett’s basic tenets of investing and illuminating these principles with relevant and up-to-date examples from Buffett’s investments, including common stocks, private companies, and high-yield bonds. Standing far above the market madness, this timely guide distills the wisdom and insight of the world’s greatest investor. It skillfully . . . Presents a brief history of Buffett from boyhood to Berkshire Hathaway, and reveals the individuals and events that shaped his investing philosophy Outlines the business, management, finance, and value tenets that make up the core of Buffett’s investing approach Examines Buffett’s ongoing process of managing a portfolio from knowing which stocks to hold, and for how long, to deciding if, when, and how to cash out some investments and move into others Discusses the psychology of money and how Buffett uses this concept to avoid common investment mistakes and recognize other people’s mistakes in time to profit from them Change is constant, but the investment principles outlined in this book have remained the same. In an environment that seems to favor the speculator over the investor, Buffett’s investment advice has proven, time and again, to be a safe harbor for millions of lost investors. No one understands Warren Buffett like Robert Hagstrom, and in the Second Edition of The Warren Buffett Way, Hagstrom will help you–whether you’re a seasoned investor or just getting started–understand and employ the investment strategies that have made Buffett so successful for over five decades.


From the Back Cover
PRAISE FOR THE WARREN BUFFETT WAY FIRST EDITION "Nobody has described what Buffett practices better than Hagstrom." --Time "Simply the most important new stock book . . . If you think you know all about Warren Buffett, you have a lot to learn from this book." --Forbes "It’s first rate. Buffett gets a lot of attention for what he preaches, but nobody has described what he practices better than Hagstrom. Here is the lowdown on every major stock he ever bought and why he bought it. Fascinating." --Fortune "Almost anybody curious about the relationship between the behavior of economics, the performance of firms, and the ups and downs of the stock market will find something of interest here." --The Economist "The Warren Buffett Way is accessible to average readers because Mr. Hagstrom reduces the billionaire’s techniques to some easily understandable tenets . . . the book demonstrates the rewards that can come down the road." --The Dallas Morning News


About the Author
ROBERT G. HAGSTROM is Senior Vice President of Legg Mason Capital Management and the portfolio manager of the Legg Mason Growth Trust. He is a member of the CFA Institute and the Financial Analysts of Philadelphia. The Warren Buffett Way sold more than 1,000,000 copies worldwide and spent twenty-one weeks on the New York Times bestseller list. Robert lives with his family in Villanova, Pennsylvania.

ANNOTATION

Starting with an investment of only $100, investor Warren Buffett has managed to amass billions by buying pieces of companies and holding on to them. Hagstrom, who has followed Buffett's career since the early '80s, focuses here on his investment strategies and shows how they have evolved over the years. Foreword by Peter Lynch.

FROM THE PUBLISHER

A decade has passed since the book that introduced Warren Buffett to the world-The Warren Buffett Way by Robert Hagstrom-first appeared. Since then, Buffett has solidified his reputation as the greatest investor of all time-quietly amassing a multibillion-dollar fortune, despite the wild fluctuation of the markets. Although Buffett has claimed time and again that what he does is not beyond anybody else's competence, some people still do not understand how this value investing legend can consistently perform so well. That's where Robert Hagstrom and the Second Edition of The Warren Buffett Way come in. This completely revised and updated look at the Oracle of Omaha encompasses Buffett's numerous investments and accomplishments over the past ten years, as well as the timeless and highly successful investment strategies and techniques he has always used to come out a market winner.

Rather than presenting Buffett's strategies by stock purchases-as he did in the first edition-Hagstrom makes "Buffett's Way" more accessible to you, the individual investor, by presenting Buffett's basic tenets of investing and illuminating these principles with relevant and up-to-date examples from Buffett's investments, including common stocks, private companies, and high-yield bonds. Standing far above the market madness, this timely guide distills the wisdom and insight of the world's greatest investor. Change is constant, but the investment principles outlined in this book have remained the same. In an environment that seems to favor the speculator over the investor, Buffett's investment advice has proven, time and again, to be a safe harbor for millions of lost investors. No one understands Warren Buffett like Robert Hagstrom, and in the Second Edition of The Warren Buffett Way, Hagstrom will help you-whether you're a seasoned investor or just getting started-understand and employ the investment strategies that have made Buffett so successful for over five decades.

SYNOPSIS

This New York Times bestseller shares Warren Buffet's approach to buying stocks—or more recently bonds—and recounts the key investment decisions that have led to Buffet's financial success. The second edition discusses the companies Buffet has bought since 1994, and adds chapters on portfolio management and the psychology of money. Annotation ©2004 Book News, Inc., Portland, OR

FROM THE CRITICS

Wall Street Journal

An extraordinarily useful account of the methods of an investor held by many to be the world￯﾿ﾽs greatest.

John Rothchild - Time

It's first rate. Buffett gets a lot of attention for what he preaches, but nobody has described what he practices better than Hagstrom. Here is the lowdown on every major stock he ever bought and why he bought it. Fascinating. You could even try this at home.

Phil Fisher

In simple language this book tells the rules by which the most successful American stock investor of modern time got that way. It could be a godsend to the legion of unhappy investors who keep floundering because they ignore the basics of major investment success.

Martin S. Fridson

Warren Buffett is often characterized simply as a 'value investor' or a 'Ben Graham disciple.' Hagstrom fills in the rest of the story with some immensely practical pointers on prospering in the market.

Wall Street Journal

. . . an extraordinarily useful account of the methods of an investor held by many to be the world's greatest. Read all 12 "From The Critics" >

WHAT PEOPLE ARE SAYING

It's first rate. Buffett gets a lot of attention for what he preaches, but nobody has described what he practices better than Hagstrom. Here is the lowdown on every major stock he ever bought and why he bought it. Fascinating. You could even try this at home. (John Rothchild, Financial columnist, Time magazine) — John Rothchild

If you think you know all about Warren Buffett, you have a lot to learn from this book. I can't say enough good things about it, so I won't say much more than read it. (Kenneth L. Fisher, Forbes)  — Kenneth L. Fisher

Robert Hagstrom presents an in-depth examination of Warren Buffett's strategies, and the 'how and why' behind his selection of each of the major securities that have contributed to his remarkable record of success. His 'homespun' wisdom and philosophy are also part of this comprehensive, interesting, and readable book. (John C. Bogle, Chairman, The Vanguard Group) — John C. Bogle