Investing Without Fear: Options

Investing Without Fear: Options
Average customer rating:

Options Simplified

INVESTING WITHOUT FEAR - OPTIONS

INVESTING WITHOUT FEAR - OPTIONS

Investing Without Fear: Options
Harvey C. Friedentag
Manufacturer: Publications International
ProductGroup: Book
Binding: Paperback

General | Popular Economics | Business & Investing | Subjects | Books
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Futures | Investing | Business & Investing | Subjects | Books
Options | Investing | Business & Investing | Subjects | Books
Stocks | Investing | Business & Investing | Subjects | Books
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Come Into My Trading Room: A Complete Guide to Trading

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ASIN: 0942641655

Customer Reviews:

Options Simplified.......2006-09-29

Harvey Friedentag, a Denver-based registered investment adviser, has done all investors a favor. In writing this book, he clarifies many of the misunderstandings that surround the world of listed investment options.

Too many consider the use of investment options as another form of gambling. This impression remains, despite their ability to minimize portfolio risk, diversification while maximizing capital gains, income and downside protection.

This well-written book is not for beginners, the author cautions. Rather, it is for experienced investors who have been unsuccessful; those who have made either small gains or, worse, lost money. This easy-to-understand book provides grounding in investment options. It begins with definitions. Then, it proceeds to strategy and tactics. The chapter on taxes is worth the book's price.

"Fear always springs from ignorance," Ralph Waldo Emerson once wrote. Those words ring true in the investment world. By penning this book, Friedentag has gone a long way to alleviate much of the misunderstanding that surrounds options strategies.

INVESTING WITHOUT FEAR - OPTIONS.......2003-11-11

THIS BOOK IS AN EASY READ, WRITTEN BY AN INVESTMENT ADVISOR THAT KNOWS WHAT HE IS DOING. I NO LONGER HAVE FEAR TRADING STOCKS AS I ALWAYS HAVE OTHER INVESTORS MONEY TO HEDGE MY POSITIONS. THE CHAPTER ON MARGIN IS WORTH THE PRICE OF THE BOOK. YOU CAN GET IT ON AMAZON.COM. THE BOOK HAS BEEN UPDATED IN APRIL 2003.

INVESTING WITHOUT FEAR - OPTIONS.......2003-06-28

THIS EASY TO READ BOOK IS WRITTEN BY A SEC REGISTERED INVESTMENT ADVISOR. THE BEST PART IS THAT IT TEACHES THAT WHEN YOU INVEST YOU DO NOT WISH, HOPE OR PRAY. THESE DO NOT WORK AT ALL.
YOU WILL LEARN THAT THE PRICE OF A STOCK DOES NOT MATTER AS THE PRICE WILL ALWAYS VARY.

THE CHAPTER ON TAXS IS WORTH THE PRICE OF THE BOOK.

DR ALEXANDER ELDER AUTHOR OF COME INTO MY TRADING ROOM HAS SAID, "THIS IS A GEM OF A BOOK FOR SERIOUS OPTION WRITERS. MOST OPTION BOOKS DEAL WITH BUYING OPTIONS BECAUSE MOST BOOKS ARE WRITTEN FOR GAMBLERS."
OUR CLUB HAS MADE BIG MONEY IN THE MARKET DCOWNTURN AND WITH TAX-ADVANTAGED INVESTING. MEMBERS OF THE CONTRARIAN INVETMENT CLUB, DENVER COLORADO.

Average customer rating:

excellent

One of the Best Books on Investing and Trading

Worthwhile reading

Becoming Rich: The Wealth-Building Secrets of The World's Master Investors Buffett, Icahn, Soros

Worthless

Becoming Rich: The Wealth-Building Secrets of the World's Master Investors Buffett, Icahn, Soros
Mark Tier
Manufacturer: St. Martin's Press
ProductGroup: Book
Binding: Hardcover

General | Business & Investing | Subjects | Books
General | Investing | Business & Investing | Subjects | Books
Introduction | Investing | Business & Investing | Subjects | Books
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The Winning Investment Habits of Warren Buffett & George Soros

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Just One Thing: Twelve of the World's Best Investors Reveal the One Strategy You Can't Overlook

Common Stocks and Uncommon Profits and Other Writings

ASIN: 0312339860
Release Date: 2005-03-31

Book Description

Warren Buffett, Carl Icahn, and George Soros all started with nothing---and made billion-dollar fortunes solely by investing. But their investment strategies are so widely divergent, what could they possibly have in common?As Mark Tier demonstrates in this insightful book, the secrets that made Buffet, Icahn, and Soros the world's three richest investors are the same mental habits and strategies they all practice religiously. However, these are mental habits and strategies that fly in the face of Wall Street's conventional mindset. For example:Buffett, Icahn, and Soros do not diversify. When they buy, they buy as much as they can.They're not focused on the profits they expect to make. Going in, they're not investing for the money at all.They don't believe that big profits involve big risks. In fact, they're far more focused on not losing money than making it.Wall Street research reports? They never read them. They're not interested in what other people think. Indeed, Buffett says he only reads analyst reports when he needs a laugh.In Becoming Rich you can discover how the mental habits that guided your last investment decision stack up against those of Buffett, Icahn, and Soros. Then learn exactly how you can apply the wealth-building secrets of the world's richest investors to transform your own investment results.

Customer Reviews:

excellent .......2006-08-24

Well written, I believe if the advice is implemented completely the reader will becoming wealthy as the title implies.

One of the Best Books on Investing and Trading.......2006-07-15

I don't agree with absolutely everything that Mark Tier writes in this book - but the points I disagree on at least get me to think. I think there are more differences between Soros and Buffett than Tier would like. Some of the rules are relatively but not absolutely true - for example the don't diversify rule is relative. Buffett is in fact very diversified today across investments and operating businesses as a result of the pure size of Berkshire though insurance remains the primary business. Soros always diversified across individual stock investments but would take large futures positions. But the insights in the book far outweigh any of my criticisms. For the guy who says the book is worthless - the book is not very useful to someone with no experience in trading and investing. You need to come to this book with a lot of experience and maybe limited success and it will open your eyes. Having previously read biographies of Soros and Buffett and their own writings will help put things in context too. This is very much an advanced level text :)

Worthwhile reading.......2006-03-08

I found this book very interesting and would say it lived up to its billing. I specifically bought it to read about Carl Icahn but found the other investors interesting as well. It's always a good idea to learn from the best and these guys are some of the best, give it a try.

Becoming Rich: The Wealth-Building Secrets of The World's Master Investors Buffett, Icahn, Soros.......2006-02-23

I write financial newsletters for a living. I'm constantly being asked by my publisher's book subisidary to submit ideas for an investment title. I've bought every investment book with the name Buffett in the title. I've read most of them, although I've finished few of them. The best ones are The Warren Buffett Way, by Hagstrom, The Buffettology books, and Greenwald, et al's Value Investing: From Graham to Buffett and Beyond. Becoming Rich, is half a notch below these, but this is the book I wish I'd written, not any of those other three.

The best thing about Becoming Rich is that Tier, a veteran newsletter writer, always SHOWS you. He never merely tells you what his point is. This book has page after page of anecdotes and examples, including material I don't remember reading elsewhere about Buffett. For example, there's a great couple of paragraphs explaining what happened to Coke before Goizueta took over, and how Goizueta dug into the business, sold of all the garbage assets previous management had bought, and introduced Diet Coke, which became an instant smash hit.

Tier does a better job of summing up Soros's style than any of the Soros books. I can't get through Alchemy of Finance, but I really enjoyed reading about Soros in Becoming Rich. Icahn material is scarce, and Becoming Rich has material I haven't seen elsewhere, although Tier did tell me by e-mail that some of it came from the now out-of-print biography, King Icahn.

If you're an individual investor, you should read this book. If you're an educated financial professional, you've probably swallowed a fair amount of pure garbage as a part of your formal education. This book can help you discard it.

If you enjoy reading stories and anecdotes about business and great investors, you'll love this book. It doesn't hurt that, along the way, Tier calls out the principles that Buffett, Icahn and Soros used to get rich.

So...it's a useful book, a unique though simple approach to the topic, loaded with ultra-specific examples, delivered with a sense of urgency, fun and story-telling throughout.

~ Dan Ferris, Editor, Extreme Value
(www.stansberryresearch.com)

Worthless.......2005-08-13

This book is completely worthless. The strategies within this text constantly contradict themselves. For example don't take risks - focus on keeping what you have rather than building on what you've got. Then it goes on to say, risk; however, is in the eye of the beholder. One of the "strategies" in this book actually speaks of predicting the market before a trend even occurs. I guess the average Joe investor will be able to predict future market trends before the experts do, huh? Basically this book reads as follows, invest in strong companies and/or companies that are deeply discounted, but fundamentally sound ... Don't diversify your portfolio ... Put all your eggs in one basket or just a few baskets. Be able to predict the future so that you can put your money into a sector that is about to take off, etc. If you are looking to build your wealth I would say step one is saving the money you would have spend purchasing this book and look else ware.

The Essential Buffett: Timeless Principles for the New Economy

Average customer rating:

Groan
Essential Principles
Very Good For a Newbie
If your going to invest learn from the best
Few new ideas following "The Warren Buffet Way"

The Essential Buffett: Timeless Principles for the New Economy
Robert G. Hagstrom Jr.
Manufacturer: Wiley
ProductGroup: Book
Binding: Paperback

General | Popular Economics | Business & Investing | Subjects | Books

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General | Investing | Business & Investing | Subjects | Books

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The Essays of Warren Buffett : Lessons for Corporate America
The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy
The Warren Buffett Way, Second Edition
How to Pick Stocks Like Warren Buffett: Profiting from the Bargain Hunting Strategies of the World's Greatest Value Investor
How to Think Like Benjamin Graham and Invest Like Warren Buffett

ASIN: 047122703X

Amazon.com

Of all the Buffett watchers in the investment world, Robert Hagstrom, author of The Warren Buffett Way, The Warren Buffett Portfolio, and Latticework, is perhaps the best at distilling the investment wisdom of the Oracle of Omaha. In The Essential Buffett, Hagstrom conducts a thorough review of Buffett's philosophy of "focus investing" and then applies it to investment in sectors that Buffett himself usually ignores: technology and international stocks. Written in a style that's accessible to all levels of investors, The Essential Buffett not only serves as a great introduction to Warren Buffett but offers an innovative way to apply focus investing to the New Economy. --Harry C. Edwards

Book Description

Applying Buffett's principles to technology and international investing

From the bestselling author of The Warren Buffett Way and The Warren Buffett Portfolio comes The Essential Buffett: Timeless Principles for the New Economy. In this fresh take on Buffett's irrefutable investment methods, Robert Hagstrom shows readers how to apply Buffett's principles to technology and international investing using real-life case studies of successful fund managers like Legg Mason's Bill Miller.

Following the Buffett model, Hagstrom explains Buffett's four timeless principles: 1) analyze a stock as a business; 2) demand a margin of safety for each purchase; 3) manage a focus portfolio; 4) protect yourself from the speculative and emotional forces of the market. Then Hagstrom shows how Buffett's thinking can be applied in the new economy, addressing technology investing, international investing, small cap stocks, and socially responsible investing. Perhaps most valuable are Hagstrom's insights into the psychology behind Buffett's focus investing. For the first time, we are given sure-fire guidelines on how to become a winning Buffett disciple.

The Essential Buffett will include convenient sidebars featuring key Buffett ideas, enabling readers to quickly compare Buffett's fundamental tenets.

Download Description

Customer Reviews:

Groan.......2003-05-14

Instead of calling this book "The Essential Buffett", Hagstrom should have called it "The Rehashed Buffett". I have read both of the author's previous books about Buffett, and they stand well on their own. This book, though, is just a cash grab. It is "essentially" just highlights from the other two books recycled into this "new" book.

If you haven't read the first two books should you read this one? I don't know... but if you have read the first two, don't bother with this patch job.

Essential Principles.......2002-10-21

Hagstrom has presented Buffett's philosophy that is understandable and correct. I intend to learn from Buffett's principles and to use them to my advantage, to make my billions.

Very Good For a Newbie.......2002-03-11

Hagstrom's The Essential Buffett is key to understanding successful investing strategies. However this very helpful book is not just about why Buffett makes his choices, but, how Buffett's thought process in deciding to pick a stock has come to be. Besides the genius of Buffett, the reader learns about stock market guru's Ben Graham, Philip Fisher and Berkshire Hathaway's vice-Chairman Charlie Munger. Hagstrom's examples of the companies Buffett has been with like: Net Jet, See's, Coca-Cola, Citigroup... teaches young investors Buffett's investment ideaology. Because Hagstrom uses assumptions and multiple mathematical examples to prove HIS own application of Buffett's investing style to tech stocks, The Essential Buffett is not a five star book.

If your going to invest learn from the best.......2001-11-16

Before I read the Essential Buffet I knew very little about Warren Buffett. I knew he was one of, if not the richest man in the world. I knew he made his fortune from the stock market, but that was basically all.
I began the book with the hope of learning what set him apart from the thousands of other investors that don't even come close to his successes.
The book begins with a general summery of what is to come. Then it gets into the details. You learn how his childhood shaped his decision making. Then it talks about his greatest influences Graham and Fischer. Then it talks about how he selects stocks.
All of the skills you learn not only teach you why he was successful but also how you can be. The author uses simple analagies to explain complex ideas, which makes it an easier read.
I recomend the book to those who are interested in the stock market, owning or managing a business or just in economics in general.

Few new ideas following "The Warren Buffet Way".......2001-09-03

Robert Hagstorm re-states the great principles included in his outstanding book "The Warren Buffet Way", adding references to the new economy just in the last chapter with a few recommendations.

I am a true believer in the doctrine taught in the three books by Hagstorm, and they opened a whole new field to me. But his first book remains the best. I put it in practice with excellent personal results so far.

The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy
Average customer rating:

A lattice of mental models for investing

Read Buffett, don't waste time with Hagstrom

Waste of time

Light, enjoyable and enlightening

A true treasure among modern investment books...

The Warren Buffett Portfolio: Mastering the Power of the Focus Investment Strategy
Robert G. Hagstrom
Manufacturer: Wiley
ProductGroup: Book
Binding: Paperback

General | Popular Economics | Business & Investing | Subjects | Books
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Introduction | Investing | Business & Investing | Subjects | Books
Stocks | Investing | Business & Investing | Subjects | Books
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ASIN: 0471392642

Amazon.com

It's no secret that most mutual funds fail to beat the performance of the S&P 500. And if the pros can't beat the averages, it's not unreasonable to assume that most individual investors can't, either. Why? According to Robert Hagstrom, author of The Warren Buffett Portfolio, a big reason is the industry's emphasis on diversification. In the interest of minimizing risk, many investors have "become intellectually numb to its inevitable consequence: mediocre results." As a result, they wind up owning too many stocks and churn their portfolios unnecessarily (for example, the average mutual fund holds 100 stocks and turns over 80 percent of its portfolio annually). In The Warren Buffett Portfolio, Hagstrom shows how Buffett and others use the idea of focus investing to organize winning portfolios.

Unlike Hagstrom's first book, The Warren Buffett Way, which describes how the world's greatest investor selects individual companies, this book looks at the mathematics, the psychology, and the mental models necessary to build a successful portfolio. The basic ideas: Pick no more than 10 to 15 companies with good track records and high probabilities of future success; plan to hang onto them for at least five years; and ignore predictions and the sometimes terrifying swings in market behavior. It's hard to argue with Hagstrom's approach, especially when he practices what he preaches. His fund, the Legg Mason Focus Trust, has 15 stocks, an annual turnover rate of 9 percent, and percentage annual returns in the mid-30s. For thoughtful investors and devotees of Warren Buffett, who are looking for more than the next hot stock tip, The Warren Buffett Portfolio is well-written guide. Recommended. --Harry C. Edwards

Book Description

The Warren Buffett Way provided the first look into the strategies that the master uses to pick stocks. A New York Times bestseller, it is a valuable and practical primer on the principles behind the remarkable investment run of the famed oracle of Omaha. In this much-awaited companion to that book, author Robert Hagstrom takes the next logical step, revealing how to profitably manage stocks once you select them. THE WARREN BUFFETT PORTFOLIO will help you through the process of building a superior portfolio and managing the stocks going forward.

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 businesses by examining their management and financial positions as compared to their stock prices. A strategy that has historically outperformed the market, focus investing is based on the principle that a shareholder's return from owning a stock is ultimately determined by the economics of the underlying business.

Hagstrom explains in easy-to-understand terms exactly what focus investing is, how it works, and how it can be applied by any investor at any level of experience. He demonstrates how Buffett arranges his stocks in a focus portfolio and reveals why this is as responsible for his incredible returns as the individual stocks he picks. Ultimately, Hagstrom shows how to use this technique to build and manage a portfolio to achieve the best possible results.

Customer Reviews:

A lattice of mental models for investing.......2007-05-29

The book is short, but gives you a lot to think about. I was interested in it mainly because Munger and Buffett gave it a nod. Many of the concepts were enlightening, he presents some good empirical evidence to support his arguments, and he hits all of the main points of the focus investment strategy which Buffett uses. He could have gone into a little more detail in the mathematics section, where I found myself dissatisfied with his unnecessarily vague and subjective treatment of the core concepts of probability. I say unnecessarily because I realize the purpose of the book is to give investors a mental framework for successful investment, but he could have easily included some practical information for investors on how to actually implement these strategies. For instance, a short example of his own, describing in detail the use of expected value (a simple statistical measure he alludes to but never mentions), would have helped to remedy the situation. He actually shows a simplified form of the Kelly Criterion (where payout is fixed), but failed to also include the more useful formula, which would have better shown the critical link between payout odds and probability (which together make up expected value), and optimal betting size. Sometimes little things like this make all the difference in our understanding, but in certain instances in the book he presents them as isolated concepts, and the informed reader is left believing the author doesn't really have a strong grasp of what he is writing, or at least didn't do a very good job of connecting his ideas together. He leaves it up to you to do the work of integrating the ideas into one. Still, he gives you the basic models you need, and does do a really good job incorporating his interviews with Buffett, Munger, Ruane, etc. into the book. If you will take the time to investigate and fill in the details, his theories will solidify nicely into one very powerful model, and this book will have served its intended purpose well.

Read Buffett, don't waste time with Hagstrom.......2006-08-16

I bought it, by the title mentioning W.B.
Wasted money: Whenever it comes to the details, he refers to his other book "The W.B way" (which I do not have, amazon ratings are poor though). Nothing wrong with the contents, but nothing new either. Just read the Berkshire Hathaway Annual Letter to the Shareholders (free on the web), with more and actually useful info. This book has ZERO value after reading the Letters, and this book ALONE does not quite help you picking stocks (although makes a good point in favor of WB's way)

Waste of time.......2005-08-09

Go right to the heart of the matter with Graham and Dodd's "Security Analysis" if you want to know how Buffett started. Hagstrom's book is a poorly executed fifth grader's book report on the primary investing philosophy of Buffett. Don't waste your money here. You'll regret it. This doesn't even scratch the surface of relevant information.

Light, enjoyable and enlightening.......2005-01-15

This book presents Buffet's and Hagstrom's portfolio allocation methods. I say Hagstrom's because I think that much of Buffet's allocation methodology remains between Buffet's ears -- and not that of Hagstrom the author. Also, I believe Buffet is more opportunistic; he acts decisively when opportunities present themselves.

The author adds discussion of technology stocks, an anathema of Buffet's, and the obligatory discussion of complex adaptive networks which might not be Buffet thinking but more along the lines of Charles Munger, his cohort.

Nevertheless, there are many interesting points in this book. I listened to the audio tapes and they excellent. I then took the book out from the library and liked the tapes more.

The author covers several important topics, in a summarized way, but also in a very interesting way. One topic done well was thinking in terms of probabilities. Another was diversification: don't over-diversify.

The author also quoted from several books outside of the financial area and have become intrigued with them. They were: Fire in the Mind (Johnson), Full House (Gould), Against the Gods (Bernstein).

I think Hagstrom is a very good author but his works seem to lack the detail that I like to see. He's one that can pull the strands of many topics together but perhaps skates over their details. I would have liked more detail on subjective probabilities as applied to the stock market for example. More on how Bayes, etc.

John Dunbar
Sugar Land, TX

A true treasure among modern investment books..........2003-07-03

In "The Warren Buffett Portfolio", author Robert Hagstrom devotes an entire book to debunking the greatest misconception prevalent in the investment world today: the myth of "diversification". Hagstrom sets out to prove that Mark Twain was a market wizard when he said "put all of your eggs in one basket, and guard the hell out of that basket!"

The heart of this book rests on the premise that a proper portfolio must be "diverse" (i.e. must include 40 to 100 different companies) in order to remain "safe" and avoid a loss of capital. However, while such a notion may decrease short-term volatility, it does not necessarily increase returns. Hagstrom examines investment guru Warren Buffett's ideas on the subject, such as "knowledge decreases risk, not the number of stocks in your portfolio". Such an approach makes sense. Which is better, to own a few companies that you know everything about, or a lot of companies that you know little or nothing about? The less you know about a company, the more likely it is that an unforeseen event will sneak up on you and hammer your portfolio.

The book also addresses the fallacy of "re-balancing a portfolio". Again, Warren asks, why are you selling off your best company to buy a bunch of under-performing companies? Such a line of thinking is akin to saying "Michael Jordan takes too many shots and makes too much money relative to the other players on his team, so he should be traded to another team for three players so as to decrease the risk of an injury hurting the team... or we should give more shot opportunities to players of lesser talent so that the team doesn't become dependent on Michael Jordan to win." Nobody ever won an NBA Championship with run-of-the-mill players, but the Bulls won six NBA titles by relying on Michael Jordan.

It's this stalwart advance in the face of conventional wisdom that separates this book from most in the stock investment genre. Give it a try. You may find it's the most profitable book you've ever purchased...

Britt Gillette
Author of "Conquest of Paradise: An End-Times Nano-Thriller"

What Do I Do with My Money Now?: Answers to Any Market from Warren Buffett, Peter Lynch, and Other Investors You Can Trust
Average customer rating:

Quite boring

What Do I Do with My Money Now?: Answers to Any Market from Warren Buffett, Peter Lynch, and Other Investors You Can Trust

Manufacturer: Marlowe & Company
ProductGroup: Book
Binding: Paperback

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Beating the Street

The Essays of Warren Buffett : Lessons for Corporate America

The Warren Buffett Way, Second Edition

ASIN: 1569244790

Book Description

As testified to by today’s headlines, investors have learned the hard way that they can’t always trust the information they get from companies, mutual-fund sponsors, brokerage analysts and other investment advisors. This collection of classic investment writing offers an alternative as the former Money magazine columnist presents the smartest investment advisers and journalists offering the best advice available for our challenging financial times The pieces collected here are by the most successful investors of the past and present—from former Fidelity Magellan Fund manager and best-selling author Peter Lynch on picking winning growth stocks to the World’s Greatest Investor Warren Buffett on sizing up a company’s prospects to John Templeton (on global investing) and Michael Price (on finding value in unlikely places)—as well as such leading financial writers as Andrew Tobias (on setting investment priorities), Gary Belsky (on the worst mistakes investors make), and John Rothschild. They combine to offer advice for beginning investors and experts alike. Readers will learn the smartest ways to create a portfolio of mutual funds and stocks that will see them through good times and bad.

Customer Reviews:

Quite boring.......2006-01-19

The books is a collection of a few articles written by a few famous investors. Of course, there is some wisdom in their words, but overall the selection looks pretty random. The articles are not really logically connected, written about different markets, different times and often are given out of the context. Just like mixing the best ingridients is not nessesary makes a good meal, this books is not adding much value by combining the pieces together.

It's also hard to recommend this book to any category of investors. It's clearly not a getting started guide for the beginners because there is no introduction to the market. And the serious investors would probably rather read the original works of those star investors.

Average customer rating:

Not sure what this is about

The Warren Buffett Portfolio
Robert G., Jr. Hagstrom , and Robert Hagstrom
Manufacturer: Phoenix Audio
ProductGroup: Book
Binding: Audio Cassette

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ASIN: 1590400178

Book Description

This audio reveals how to profitably manage stocks once you select them and will help you through the process of building a superior portfolio. Included topics are fundamental stock analysis, Buffet's investment methods and many pertinent examples from the world of investment.

Customer Reviews:

Not sure what this is about.......2002-11-16

I'm not sure what this is about after reading it. Actually I'm even more surprised noone has reviewed this (or read this?) or maybe I shouldn't be? Some chapters are written to reinforce the idea that a focus investment approach works. There is a chapter on the history of modern finance, another with mini-biographies of the Buffet roster. One on probabilities, but very vague at how to apply this for our own use. Then there is a chapter on behavioral finance and a chapter on proving why short-term forecasting does not work. How all this have to do with Warren Buffet, is anyone's guess. The author tries hard to associate these ideas with Buffet, but fails miserably. Ultimately, it is just a finance book littered with a dozen interesting facts with no coherence and an abundance of paraphrases from "Outstanding Investor Digest". Personally I only find the chapter on investor psychology and the "El Farol" problem (a proof why you cannot predict the market) facinating, but you can get this information from any good finance book.

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