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How to Pick Stocks Like Warren Buffett

Profiting from the Bargain Hunting Strategies of the World's Greatest Value Investor

Timothy P. Vick

McGraw-Hill, 2000

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Timothy Vick is a fairly well known advocate for value investing, but in his latest book, he rolls out the mother-of-all value investors as a champion. In using Warren Buffett as the basis for his easily digestible lessons on value investing - the simple strategy of investing in companies that are currently undervalued by the market - Vick proves that the concept of an engaging investment book is not an oxymoron. By holding up the Buffett example, Vick illustrates the greatest axiom of value investing: Over time, the price of any asset will find its intrinsic value. Buffett clung to this mantra throughout the ’90s, missing out on some of the biggest market returns in history. getAbstract strongly recommends this book for its clear explanation of how Buffett analyzed the New Economy market and how you can mimic him going forward. Because in the end, he was right and they were wrong.

Summary

Buffett’s Billions: The Beginning

Warren Buffett accumulated a $30 billion fortune through careful investing using mathematics to guide his investment decisions. For 45 years, he has been essentially a capital allocator, or fundraiser, who seeks cheap money in the financial world. His usual approach is to buy a cash-generating company and then to compound that firm’s money at annual rates reaching 20% to 30%, with the proceeds going into his investment firm, Berkshire Hathaway. His career has been based on exploiting the world’s financial inefficiencies, again and again, compounding his income.

Buffett developed an early interest in the stock market working for the Omaha, Nebraska, brokerage managed by his father, Howard. By age 10, Warren was filing stock and bond certificates and posting stock quotes on a blackboard at Buffett, Sklenicka and Company. Even as a child, he charted price movements and read books about investing. After buying his first stock when he was 11 years old, Buffett began trading paper stock certificates.

In 1947, Buffett went to college at the Wharton School of Business at the University of Pennsylvania and finished his degree at the University...

About the Author

Timothy Vick is a senior analyst with Arbor Capital Management, which has offices in Anchorage, Alaska; Jacksonville, Florida and Chicago. He is the founder and former editor-in-chief of the nationally distributed market newsletter Today’s Value Investor , the author of Wall Street on Sale , and a consultant to small businesses on valuation and strategic planning. He has appeared on CNBC and CNN.

How to Pick Stocks Like Warren Buffett

Profiting from the Bargain Hunting Strategies of the World's Greatest Value Investor

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Buffett’s Billions: The Beginning

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