"The market is there only as a reference point to see if anybody is offering to do anything foolish"
The Warren Buffet way is a book not about the life of Mr Warren Buffet , but about his principles, ideologies and strategies. Berkshire Hathaway and its portfolio is explained in great detail in this book. This book is more about explaining what Buffet did to be where he is today and why he did it in a particular manner.
The book starts of explaining the early days of Mr Buffet and slowly builds on the principles he learnt from his early interactions with the world of finance. After giving a brief introduction about the methods/routines employed by Mr Buffet , it dives into explaining each and every acquisition of his company. After which , through various chapters , we understand the portfolio of Berkshire Hathaway through the scrutinizing aspects used by Mr Buffet and his team during their selection.The book keeps visiting Mr Buffets thoughts from time to time on his small and large, but intriguing work decisions.
The book takes you through some bad,some good and a lot of remarkable assets of Berkshire Hathaway and how and who brought about the key difference in their running. Even though, there is a sufficient amount of finance jagran in the book, it does not leave the normal eye dejected. The author must be given credit for the simplicity in his writing.The author leaves the reader , every now and then ,with a quote from Mr Buffet and a Case study about a company that was taken over.
What for me,stood apart in the book, is the experience of glancing into the mind of Mr Buffet, (who is not glorified one bit in this book). His way of looking for an opportunity to invest and his simple and straightforward key impact points always keep him ahead of the game in an industry that is as volatile as sodium.
For someone like me , who has very minimal knowledge over the concepts of investing , this was a great book to start out as it helped me understand not key concepts but key strategies of one of the most influential and avid investor of all time. As Mr Buffet always says,
"We don't have to be smarter than the rest, we have to be more disciplined than the rest"
