The Warren Buffett Way Workbook

  • ID: 2543136
  • Book
  • 224 Pages
  • John Wiley and Sons Ltd
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THE IDEAL COMPANION TO THE WARREN BUFFETT WAY THIRD EDITION

The Warren Buffett Way Workbook is the ideal complement to the Third Edition of The Warren Buffett Way—enabling you to review and reflect on how one of the greatest investors in history goes about his business. This comprehensive guide provides an invaluable opportunity to explore your understanding of the strategies and techniques covered in the main text, before integrating them into your own investment endeavors.

The Workbook, which parallels the main book chapter by chapter, contains over 250 multiple–choice questions, with both answers and explanations of those answers, as well as over 200 essay exercises.

Topics reviewed include:

  • The basic set of principles, or tenets, that guide Buffett′s investment decisions—whether he′s buying a company outright or buying a piece of that business, in the form of shares of stock
  • The focus investing style in which Buffett prefers to manage a portfolio
  • How individuals from Benjamin Graham and Philip Fisher to Charlie Munger influenced the way Buffett sees investing
  • The psychological challenges of managing a Warren Buffett portfolio as well as the role of patience in long–term investing
  • And much more

Also available, The Warren Buffett Way Video Course. Narrated by Robert Hagstrom, it effectively brings Buffett to life from both a professional and personal perspective.

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Preface ix

PART I QUESTIONS

Chapter One A Five–Sigma Event: The World’s Greatest Investor 3

Multiple–Choice Questions 3

Essay Questions 8

Chapter Two The Education of Warren Buffett 9

Multiple–Choice Questions 9

Essay Questions 17

Chapter Three Buying a Business: The Twelve Immutable Tenets 19

Multiple–Choice Questions 19

Essay Questions 31

Chapter Four Common Stock Purchases: Nine Case Studies 35

Multiple–Choice Questions 35

Essay Questions 48

Chapter Five Portfolio Management: The Mathematics of Investing 53

Multiple–Choice Questions 53

Essay Questions 64

Chapter Six The Psychology of Investing 67

Multiple–Choice Questions 67

Essay Questions 73

Chapter Seven The Value of Patience 77

Multiple–Choice Questions 77

Essay Questions 82

Chapter Eight The World’s Greatest Investor 85

Multiple–Choice Questions 85

Essay Questions 95

PART II ANSWERS

Chapter One A Five–Sigma Event: The World’s Greatest Investor 99

Answers to Multiple–Choice Questions 99

Essay Answers 102

Chapter Two The Education of Warren Buffett 107

Answers to Multiple–Choice Questions 107

Essay Answers 112

Chapter Three Buying a Business: The Twelve Immutable Tenets 119

Answers to Multiple–Choice Questions 119

Essay Answers 127

Chapter Four Common Stock Purchases: Nine Case Studies 139

Answers to Multiple–Choice Questions 139

Essay Answers 148

Chapter Five Portfolio Management: The Mathematics of Investing 163

Answers to Multiple–Choice Questions 163

Essay Answers 170

Chapter Six The Psychology of Investing 181

Answers to Multiple–Choice Questions 181

Essay Answers 186

Chapter Seven The Value of Patience 193

Answers to Multiple–Choice Questions 193

Essay Answers 196

Chapter Eight The World’s Greatest Investor 201

Answers to Multiple–Choice Questions 201

Essay Answers 207

About the Authors 213

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Robert G. Hagstrom
Russell Rhoads
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