Robert G. Hagstrom

En una carrera financiera que abarca casi sesenta años, Warren Buffett ha tenido que afrontar un número infinito de desafíos, alcanzando siempre un éxito sin precedentes. Su humildad, su integridad moral y su honestidad intelectual no solo han hecho que millones de inversores le aprecien, sino que lo han convertido en objeto de estudio por parte de todos aquellos que deciden seguir una carrera financiera.En esta nueva edicion, Hagstrom situa la filosofia de inversion del Oraculo de Omaha, muy alejada de los excesos del mercado, en la perspectiva historica correcta y, al mismo tiempo, muestra como podemos utilizar este enfoque de forma eficaz en nuestro propio provecho.Despues de recorrer con detalle su trayectoria personal y profesional, Hagstrom pasa a examinar las personalidades, desde Benjamin Graham y Philip Fisher hasta Charlie Munger, que han influido en la vision financiera de Buffett. A continuacion, se explora el metodo de Warren Buffett pieza por pieza, demostrando que lo que hace Buffett no esta mas alla de las habilidades intelectuales de ninguno de nosotros, y como su metodo para comprar y vender acciones se basa en doce solidos principios a los que no afectan las modas. A traves de informacion de primera mano, Hagstrom explica como estos principios sustentan muchas adquisiciones (Coca-Cola, IBM, Heinz), las razones fundamentales que hay tras ellas y por que concentrar las inversiones simplifica la gestion de la propia cartera de acciones. Pero no solo eso: tambien se analizan los retos psicologicos que debemos superar para gestionar una cartera con el metodo Warren Buffett y el papel que desempeña la paciencia en las inversiones a largo plazo.Puede que aprender los principios de Warren Buffett y basar sus inversiones en ellos no nos haga ricos, pero nos ayudara sin duda a administrar mejor nuestra cartera de acciones y a hacerla mas rentable con el tiempo."Simplemente el mejor libro sobre el tema. Si creeis saberlo todo sobre Warren Buffett, leer estas paginas revelara que todavia teneis mucho que aprender ".-Forbes"Cualquiera que tenga algun interes sobre el comportamiento de la economia, el comportamiento de la Bolsa y las fluctuaciones de la bolsa, tendria que leerlo ".-The Economist

En Cómo piena Warren Buffett, Hagstrom explora nuevos terrenos con un profundo análisis de la sabiduría esencial de Buffett: un rico mosaico de ideas y conocimientos de muy diversos ámbitos de lo que Buffett llama Money Mind. ¿Que es exactamente una Money Mind? Por un lado, es una forma de pensar sobre los grandes asuntos financieros, como la asignacion de capital. Por el otro, es la sintesis de una mentalidad general para invertir con exito en un mercado de valores que hoy alcanza unos ritmos vertiginosos; una mentalidad que se basa en el aprendizaje, la adaptacion y el caso omiso al ruido irrelevante. Como piensa Warren Buffett explica las filosofias de la confianza en uno mismo, el estoicismo, el racionalismo y el pragmatismo, y como contribuyen a las decisiones de inversion inteligentes. Tambien se hace un repaso general de la evolucion de la inversion en valor; se explica como desarrollar una mentalidad inversora orientada a la empresa y describe los rasgos que definen el exito de la gestion activa. Por ultimo, analiza algunas facetas sorprendentes de una Money Mind: las del deportista, el maestro y el artista. En resumen, Como piensa Warren Buffett ayuda a los lectores a comprender los componentes basicos de una Money Mind, para que puedan empezar a incorporar sus principios al servicio de una vida de valor.

Robert G. Hagstrom is one of the best-known authors of investment books for general audiences. Turning his extensive experience as a portfolio manager at Legg Mason Capital Management into valuable guidance for professionals and nonprofessionals alike, he is the author of six successful books on investment, including The Warren Buffett Way, a New York Times best-seller that has sold more than a million copies. In this updated second edition of Investing: The Last Liberal Art, Hagstrom explores basic and fundamental investing concepts in a range of fields outside of economics, including physics, biology, sociology, psychology, philosophy, and literature. He discusses, for instance, how the theory of evolution disrupts the notion of the efficient market and how reading strategies for literature can be gainfully applied to investing research. Building on Charlie Munger's famous "latticework of mental models" concept, Hagstrom argues that it is impossible to make good investment decisions based solely on a strong knowledge of finance theory alone. He reinforces his concepts with additional data and a new chapter on mathematics, and updates his text throughout to reflect the developments of the past decade, particularly the seismic economic upheaval of 2008. He has also added a hundred new titles to the invaluable reading list concluding the book. Praise for the first edition: "I read this book in one sitting: I could not put it down." -- Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk "Elegant and irresistible. Robert G. Hagstrom makes the complex clear as he confidently crisscrosses through the disciplines of finance, biology, physics, and literature. The only way to understand investing better, [Investing] shows, is to understand the world better. Ideas spark off the page at every turn. This is simply a gem of a book." -- James Surowiecki, New Yorker "Investing is a brisk and engaging read, and it is a pleasure to be in the presence of Hagstrom's agile mind." -- International Herald Tribune

Esta visión del Oráculo de Omaha abarca las numerosas inversiones y logros de Buffett de los últimos diez años, así como las estrategias y técnicas válidas para cualquier época y tremendamente exitosas, que siempre ha utilizado para revelarse como un ganador en el mercado. Hagstrom logra que el Metodo Buffett sea mas accesible para usted, el inversor individual, al presentar los principios basicos que este utiliza.

Neste livro, o famoso autor best-seller Robert G. Hagstrom examina os principais modelos mentais em Física, Biologia, Ciências Sociais, Psicologia, Filosofia, Literatura e Matemática e como ter conhe

In Warren Buffett: Inside the Ultimate Money Mind, Hagstrom breaks new ground with a deep analysis of Buffett's essential wisdom, an intricate mosaic of wide-ranging ideas and insights that Buffett calls a Money Mind. What exactly is a Money Mind? At one level, it's a way of thinking about major financial issues such as capital allocation. At another level, it summarizes an overall mindset for successfully investing in today's fast-paced stock market, a mindset that depends on a commitment to learning, adapting, and facing down irrelevant noise.This is not a method book. It is a thinking book. Warren Buffett: Inside the Ultimate Money Mind explains the philosophies of self-reliance, stoicism, rationalism, and pragmatism and their contributions to making intelligent investment decisions.It also outlines the evolution of value investing, discusses how to develop a business-driven investing mindset, and describes the defining traits of successful active management. Lastly, it examines the surprising aspects of a Money Mind - sportsman, teacher, and artist. In short, Warren Buffett: Inside the Ultimate Money Mind helps readers understand the building blocks that go into making a Money Mind so they can begin to incorporate its principles in the service to a life of value.

Esta segunda edición de Warren Buffett abarca las numerosas inversiones y logros de Buffet, el mayor inversor de todos los tiempos, durante los últimos diez años, así como las estrategias y técnicas con las que Buffet se ha revelado como un ganador en el mercado. El libro incluye una breve historia de la vida de Buffet, la esencia de su estrategia inversora, el analisis del proceso de gestion de su cartera de valores y enseña a evitar los errores de inversion mas frecuentes.

Sin duda es el mejor libro sobre la inversión en bolsa que se ha escrito hasta hoy.” KENNETH L. FISHER Forbes Describe extraordinariamente las técnicas del inversor más grande del mundo.” The Wall St

An insightful new take on the life and work of one of the world's most remarkable investors: Warren BuffettIn the 30th Anniversary Edition of The Warren Buffett Way, celebrated author and investor Robert Hagstrom delivers the definitive version of his bestselling compendium of the investment strategies made famous by Warren Buffett. The Warren Buffett Way describes the twelve investment tenets of Warren Buffett's strategy called business-driven investing and his distinct approach to managing a portfolio of businesses. You'll learn how you can apply these same principles to building your own portfolio and find discussions on the psychology of long-term investing, its optimal benefits, and how to avoid the most common pitfalls and mistakes encountered by investors.

Warren Buffett is the most famous investor of all time and one of todays most admired business leaders. He became a billionaire and investment sage by looking at companies as businesses rather than prices on a stock screen. The first two editions of The Warren Buffett Way gave investors their first in-depth look at the innovative investment and business strategies behind Buffetts spectacular success. The new edition updates readers on the latest investments by Buffett. And, more importantly, it draws on the new field of behavioral finance to explain how investors can overcome the common obstacles that prevent them from investing like Buffett. New material includes: - How to think like a long-term investor just like Buffett.- Why loss aversion, the tendency of most investors to overweight the pain of losing money, is one of the biggest obstacles that investors must overcome.- Why behaving rationally in the face of the ups and downs of the market has been the key to Buffetts investing success.- Analysis of Buffetts recent acquisition of H.J. Heinz and his investment in IBM stock.The greatest challenge to emulating Buffett is not in the selection of the right stocks, Hagstrom writes, but in having the fortitude to stick with sound investments in the face of economic and market uncertainty. The new edition explains the psychological foundations of Buffetts approach, thus giving readers the best roadmap yet for mastering both the principles and behaviors that have made Buffett the greatest investor of our generation.

The Warren Buffett Way Workbook consists of over 500 questions and answers to help readers of The Warren Buffett Way reinforce and cement their knowledge of Buffetts hugely successful investment approach.The Workbook follows The Warren Buffett Way, 3e, providing a combination of multiple choice and essay questions for each chapter in the core book. Given the depth and range of questions, a reader who masters the material in the Workbook will be equipped with the knowledge to begin to apply Buffetts methods to his/her own investment portfolio. All answers are provided in the Workbook, including answers to the essay questions.The perfect accompaniment to The Warren Buffett Way, 3e and The Warren Buffett Way Video Course, the Workbook will provide readers with a sure path to begin investing just like Warren Buffett.