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This is the best on Warren Buffett's investment strategies that I have read so far. And I have read many...
The part I like most was the chapter on financial ratios. Jain gives more than just abstract narrative and actually discusses financial mathematics, with examples, in a case-study like format. I believe such an approach at once makes the advice about value investing very practical and actionable.
Jain is a professor of finance at Wharton. I was surprised to see that somebody coming from academy could openly and favorably expound Buffett style investing strategies which challenge many of the current academic dogmas. Efficient Market Hypothesis , or its many variants, continues to becloud the investment management and financial econometrics as pedagogies at many of the B-schools. To Jain's credit , he has not allowed his theoretical finance background hamper his exposition of what has been seen to be holding true in practice.
Another guy who does this very well is Joel Greenblatt, who is essentially a Hedge Fund manager dabbling in academics as a hobby. I endorse his books too for the practitioners of value investing. Greenblatt, however, has evolved his own unique quantitative style with value investing as the base.
If you have never read any book on Warren Buffett style investing, this is perhaps the only book you might want to read if you do not want to read too many. You could for sure give Mary Buffett's books a pass after reading this one. The same goes for the rest of the cottage industry which has developed around writing books on Buffett, cycling the same content in different ways.
9 of 10 people found this review helpful
the author gives some points and uses a thought process not found in other books
1 of 1 people found this review helpful
it was worthwhile to learn about most the subsidiary companies, and their history as most of them do, under berkshire hathaway and other similar companies by comparison to Berkshire. Also explanations on why Buffett may have sold early on certain stock. Otherwise most of it was just reiterating the common value investing principles and strategies.
Considering that the author had to write this book based on info he could find BY HIMSELF it's pretty good.
It's not life changing, but I'm glad I took the time to listen to it.
Narrator let's it down a bit though.