Even Buffett Isn't Perfect

About the book and its Contents:

This book certainly raises a lot of eyebrows since a lot of people, myself included, admire Warren Buffett, arguably the greatest investor of our time.



The book itself contains only 10 chapters, which explain an investment strategy or characteristic unique to Buffett.

Review

After reading this book, you will appreciate that some of Buffett's strategies for investing won't work for the small investor. For instance, Buffett prefers to focus instead of diversify. For him, this works fine, but the same strategy may not work at all for another investor. 

Difficulty Level = 3/5

This is good for readers who already understand how Warren Buffett thinks and acts. 

Personal Rating = 3.5/5

This is a short book that focuses more on clarifying Buffett's strategies and relating it to the ordinary investor. If you want to learn more about investing in general, one should instead browse from my other recommended books.

Personal finance tip for today:


An investment is an investment when you bought it at a value and not when you bought it expensively and sold it even more expensively. The latter is deemed as speculation.

Buffett: The Making of an American Capitalist

About the book

This paperback edition is around 475 pages thick. It has also been replaced by a newer edition with a new cover as well.

Contents

This is a biography about Warren Buffett: undeniably one of the richest self-made billionaire investors in the world. His personal net worth at one point was around 50+ billion USD. The book begins with his birth in Omaha and ends with a chapter on the then-current events by the time the book draft was completed. 

Review

Roger Lowenstein, the author of the book, is one of the few who can write well about Warren Buffett. Though the book is quite lengthy, it is not boring at all to read, assuming you are truly interested in learning more about how Warren Buffett really thinks in several situations. It provides the necessary detail and the proper context for the generalizations people make about his investment policies and style. You will get to understand what he means by risk, margin of safety, and investment, as opposed to speculation. 

Difficulty Level = 3/5

For one who is not interested in reading biographies and not into finance, the reader might take considerable time before he/she finishes reading the book.

Personal Rating = 5/5

Having the proper mindset when it comes to investing is very important. For those who do want to understand Warren Buffett's investing style and personality. This book is very much recommended. Buffett is one the greatest investors we can learn from.

Related Links: