Review Buffettology: The Previously Unexplained Techniques That Have Made Warren Buffett The Worlds
by MARY BUFFETT and DAVID CLARK
Description
If you are looking for something, probably a reading that will change the way you see the world of trading, try getting some Buffett. This isn’t the unlimited food you get to enjoy in a restaurant or hotel, but the world of trading, according to Buffett.
(Waren) Buffett is a cemented name in the trading industry as he is one of the elites who became successful in trading. Hence, Buffettology is an ideology about trading, a new lens of seeing the world of trading, along with its complexities and intricacies. When you try to understand and see trading with some Buffettology, it’s like seeing success written all over your trading career as Warren Buffett cornered the market.
Acquire the winning trading perspective and discover even more by reading Mary Buffett’s Buffettology.
About the Authors
Mary Buffett is a known international speaker on business and finance and a regular contributor to several publications. Marry Buffett, together with Sean Seah, incepted the Buffett Online School, which is a site dedicated to sharing investment insights through webinars.
David Clark is Mary Buffett’s co-author for the book and has written several investment books.
Table of Contents
The book contains the following contents:
PART I: THE ART OF BASIC BUFFETTOLOGY
1. Before You Begin This Book
2. How to Use This Book
3. Roots
4. Investing from a Business Perspective
5. What Is Businesslike Investing?
6. Warren’s View of Earnings
7. The Price You Pay Determines Your Rate of Return
8. The Corporation, Stocks, Bonds — a Few Useful Explanations
9. Valuing a Business
10. The Only Two Things You Need to Know About Business Perspective Investing: What to Buy — and at What Price
11. What We Can Learn from Warren’s Secret Weapon: The Magic of Compounding
12. Determining What Kind of Business You Want to Own
13. The Theory of an Expanding Intrinsic Value
14. The Mediocre Business
15. How to Identify the Excellent Business — the Key to Warren’s Good Fortune
16. Nine Questions to Help You Determine If a Business Is Truly an Excellent One
17. Where to Look for Excellent Businesses
18. More Ways to Find a Company You Want to Invest In
19. What You Need to Know About the Management of the Company You May Invest In
20. When a Downturn in a Company Can Be an Investment Opportunity
21. How Market Mechanics Whipsaw Stock Prices to Create Buying Opportunities
22. Inflation
23. Inflation and the Consumer Monopoly
24. A Few Words on Taxation
25. The Effects of Inflation and Taxation on the Rate of Return, and the Necessity to Obtain a 15% Return on Your Investment
26. The Myth of Diversifications Versus the Concentrated Portfolio
27. When Should You Sell Your Investments?
28. Warren’s Different Kinds of Investments
PART II: ADVANCED BUFFETTOLOGY
29. The Analyst’s Role in Ascertaining Earning Power
30. The Mathematical Tools
31. Test #1, to Determine at a Glance the Predictability of Earnings
32. Test #2, to Determine Your Initial Rate of Return
33. Test #3, to Determine the Per Share Growth Rate
34. Determining the Value of a Company Relative to Government Bonds
35. Understanding Warren’s Preference for Companies with High Rates of Return on Equity
36. Determining the Projected Annual Compounding Rate of Return, Part I
37. Determining the Projected Annual Compounding Rate of Return, Part II
38. The Equity/Bond with an Expanding Coupon
39. Using the Per Share Earnings Annual Growth Rate to Project a Stock’s Future Value
40. How a Company Can Increase Its Shareholders’ Fortunes by Buying Back the Company’s Stock
41. How to Determine If Per Share Earnings Are Increasing Because of Share Repurchases
42. How to Measure Management’s Ability to Utilize Retained Earnings
43. Short-Term Arbitrage Commitments
44. Bringing It All Together: The Case Studies:
Gannett Corporation, 1994
Federal Home Loan Mortgage Corporation, 1992
McDonald’s Corporation, 1996
How Warren Got Started: The Investment Vehicle
46. Fifty-four Companies to Look At
47. Waiting for the Perfect Pitch Epilogue