The Midas Touch: The Strategies That Have Made Warren Buffett the World's Most Successful Investor
by
John Train
Second edition featuring a brand new foreword. If you had put $10,000 in Buffett's original investing partnership at its inception in 1956, you would have collected about $293,738 by the time he dissolved it at the end of 1969. He had never suffered a down year, even in the severe bear markets of 1957, 1962, 1966, and 1969. When the partnership was wound up, you could have...more
Hardcover, 208 pages
Published
June 1st 2009
by Harriman House Ltd
(first published October 1986)
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people try and appear what they fear they are not.
-the secret of making money is to avoid risks
-the best investors are misers
-do not be guided by what people say, do nto tell people what you are doing
-choose on the basis of value no popularity
-keep permanent capital loss to a minimum (not short term quotational loss)
-85% graham which is value (graham), 15% growth (fisher)
-commodity businesses attract competition in good times. there are never 3 ...more
-the secret of making money is to avoid risks
-the best investors are misers
-do not be guided by what people say, do nto tell people what you are doing
-choose on the basis of value no popularity
-keep permanent capital loss to a minimum (not short term quotational loss)
-85% graham which is value (graham), 15% growth (fisher)
-commodity businesses attract competition in good times. there are never 3 ...more
I'm a big fan of John Train, so I may have overrated this book, but overall I think it gives a nice core overview of Buffet's philosophy and how it stems from and is connected to both his personal life and financial decision making. It's probably less relevant today due to all the attention Buffet has received in the media and business world.
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