San Antonio College Library

This book explains why we should stop thinking about top-rated stocks and mutual funds, shifts in interest rates, a nd predictions for a failing economy. Stop trying to beat the stock market average, which few "experts" ever do. Instead, just remember three simple principles: Don't put all your eggs in one basket. There's not such thing as a free lunch. Save for a rainy day.

Presents guidelines on how to invest successfully by becoming a "prudent speculator," explaining the role of psychology in risk taking while covering such topics as spotting an undervalued stock and knowing when to sell.

"Building a concentrated portfolio is critical for investment success. The Warren Buffett Portfolio introduces the next wave of investment strategy, called focus investing. A comprehensive investment strategy used with spectacular results by Buffett, focus investing directs investors to select a concentrated group of business by examining their management and financial positions as compared to their stock prices. A strategy that has historically out-performed...

"Yefei Lu, a private investor, starts with Buffett's interest in the Sanborn Map Company in 1960 and tracks nineteen more of his major investments in companies such as See's Candies, the Washington Post, GEICO, Coca-Cola, US Air, Wells Fargo, and IBM. With rare access to partnership letters, company documents, annual reports, third-party references, and other original sources, Lu pinpoints what is unique about Buffett's timing, instinct, use of outside...