Of all the Buffett watchers in the investment world, Robert Hagstrom, author of The Warren Buffett Way, The Warren Buffett Portfolio, and Latticework, is perhaps the best at distilling the investment wisdom of the Oracle of Omaha. In The Essential Buffett, Hagstrom conducts a thorough review of Buffett's philosophy of "focus investing" and then applies it to investment in sectors that Buffett himself usually ignores: technology and international stocks. Written in a style that's accessible to all levels of investors, The Essential Buffett not only serves as a great introduction to Warren Buffett but offers an innovative way to apply focus investing to the New Economy. --Harry C. Edwards

FROM THE PUBLISHER

"In this book, Robert G. Hagstrom helps you draw on the wisdom and counsel of Warren Buffett to succeed in today's challenging market. Hagstrom explains how Buffett analyzes companies and selects stocks. He then shows you how these techniques can be applied to technology, small-cap, and international stocks - areas Buffett traditionally has not explored." "Buffett built a multibillion-dollar business empire by confidently following a course that often put him at odds with Wall Street trends. The Essential Buffett outlines the core principles that you will want to incorporate into every stock decision you make: invest in a business, not a stock - you'll look at a company's economics as if you were taking over as CEO tomorrow; demand a margin of safety for each purchase - how to keep risk at a minimum; manage a focus portfolio - a comprehensive portfolio strategy, used with spectacular results by Buffett, which focuses the investment process on a few outstanding companies; and protect yourself from the speculative and emotional forces of the market - a lesson thousands of investors have now come to appreciate the hard way."--BOOK JACKET.

SYNOPSIS

Robert Hagstrom shows readers how to apply Buffett's principles to technology and international investing using real-life case studies of successful fund managers. He explains Buffett's principles and provides insights into the psychology behind focus investing, showing how Buffett's thinking can best be applied in the new economy.

FROM THE CRITICS

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