But Altucher's new book adds a noteworthy addition to the library on Warren Buffett. He shows a lot of Buffett that isn't readily available in the existing common literature. Definitely required reading for any serious Buffett buff. Altucher has given us an insightful and well-written commentary on how Buffett has amassed his track record, and what we can do to emulate him.
He details the trade-by-trade examples. This is a must read for anyone wanting to learn about how the Master Investor works. Although Buffett has gained recognition for his value investing approach to the markets, the fact is that nobody-over the past fifty years-has traded and invested with a more diverse group of strategies than Buffett.
Trade Like Warren Buffett challenges the current coverage of this great investor by including details of all of Buffett's investing and trading methods, including mean reversion, commodities, bonds, arbitrage, market timing, funds, as well as Graham-Dodd. To augment the discussion of each strategy, Trade Like Warren Buffett also includes interviews with leading financial professionals, who reveal in detail how they've successfully used the same techniques.
There is no one way to sum up Warren Buffett's investment style. But if you're interested in boosting the performance of your portfolio, Trade Like Warren Buffett can show you how.
Warren Buffett has had one of the longest and most successful investment careers of all time. While he's considered the "world's greatest value investor," there's another side to Buffett that is not very well known. Given the fact that Buffett's investment career has spanned five decades and multiple styles and disciplines, is it possible to Trade Like Warren Buffett? It's impossible to trade exactly like Warren Buffett, but with author James Altucher as your guide, you'll come close.
In addition to the value investing approach, this book discusses other, lesser-known trading strategies and techniques that have helped to make Buffett the greatest investor in history. Altucher skillfully details Buffett's career and uncovers the paths that led to his success. You'll have a front row seat to the best that Buffett has to offer, including:.
But if you're interested in boosting the performance of your portfolio, taking a page from Warren Buffett is the best way to start. Would you like to tell us about a lower price?
Learn more about Amazon Prime. Interesting Finds Updated Daily. Share Facebook Twitter Pinterest. Image Unavailable Image not available for Color: This item does not ship to Ukraine. Please check other sellers who may ship internationally. Product Description "Trading is notoriously tough. From the Inside Flap Warren Buffett has had one of the longest and most successful investment careers of all time. You'll have a front row seat to the best that Buffett has to offer, including: During the '70s and '80s, Buffett made the full transition from successful hedge fund manager to operator, asset allocator, and insurance company magnate The Later Years: During the '90s and '00s, there was a flight to safety from the dot-com bubble as well as a diversification into bonds, silver, fixed-income arbitrage, and ultimately, foreign currencies There is no one way to sum up Warren Buffett's investment style.
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Please try again later. If you are looking for more insight into why Buffett is the best investor evet, then this book will help you understand some of the techniques he has used beyond the traditional 'buy and hold' and value dogma.
Buffett has indeed written his own rules. How much this now applies to the individual investor in the modern era is debatable, but a good additional to any investor's library. Was this review helpful to you? Slosberg on July 28, Kindle Edition Verified Purchase.
An interesting book which feels like it needed a bit longer in editing. Some chapters speak directly to Buffett's investing, and these are good, but others are left as raw interviews or as a brain dump of unrelated strategies the author favors. Excellent book and service. By Curt Brandt on April 21, They did a very poor editing job. The numerous errors detract from the work. A lot of "Buffett-like" and "Buffett-style" speculation but not so much Buffett. The book is lacking in too many areas to illustrate them all.
I'll use the chapter on merger arbitrage as an example. Mr Altucher mentions some studies on merger arbitrage and how you can improve your success rate. He completely fails mention Graham's criteria for entering a merger arbitrage transaction as stated in the Intelligent Investor.
Buffett probably still uses these. His overall treatment of merger arbitrage is woefully superficial. Anyone can calculate the return on capital if the merger succeeds. How do you determine the expected return on capital if the merger fails?
How can you determine the implied probability of success from current market pricing? These and many other critical areas to one who practices merger arbitrage are not discussed. While the book is not written in sufficient detail to actually be useful, Mr Altucher did cite many academic studies that I am anxious to read when I have the time. Mr Altucher, you got me. You put "Buffett" in the title and I bought the book. By lasgiddi on February 23, A simple depiction of Warren Buffett's methods.
Wish the author had gone in more details of the theories involved. The book did not help my trading much. It was more of an informational review than anything else. By Glen Bradford on July 3, James continues to talk about how he is going to touch on things that warren has done but overall I wasn't really impressed with this book.
That said, reading this was useful for building out my mental framework and I do like james altucher.. By Neal Kluge on March 11, If one holds a stock for years and even decades and then sells, is that a trade or an investment? What is the period of holding where a trade can be called an investment? By Mariusz Skonieczny on August 14, I don't think that many people see Buffett as a trader. Most view him as a long-term investor who buys companies that possess competitive advantages and holds them forever.
However, the author points out that Buffett has used many different investment strategies such as cigar butt, value investing, special arbitrage situations, workouts, distressed debt, merger arbitrage, and spin-offs. This book covers all of these strategies. So those who are looking for the classic Warren Buffett buy-and-hold strategy might find it disappointing.
He made pretty good money using other strategies, but unfortunately many of these opportunities do not exist in the same way as they did years ago. The reason for this is the Internet and the growing number of hedge funds exploiting these same opportunities.
I found it interesting to learn how Buffett evolved as the financial environment was changing. I think that Buffett's experience with so many investment strategies gives him an edge over other money managers because it makes him well-rounded. Learn how to invest your money, how to pick stocks, and how to make money in the stock market. See all 23 reviews. Most recent customer reviews 2. Published on March 11, by PK. Published on March 10, by Jonathan D.
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