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I've read two books recently that shed light on Buffet's investment strategy - "Seeking Wisdom," which quotes a lot of the principles Buffet and his partner Mun

I've read two books recently that shed light on Buffet's investment strategy - "Seeking Wisdom," which quotes a lot of the principles Buffet and his partner Munger use, and "The Intelligent Investor" which deals primarily with assessing fundamental investment values and making intelligent investments instead of knee-jerk reactions to booms and busts. Buffet has said "The Intelligent Investor" is his pick for best book ever written on investing. They're both quite good. Seeking Wisdom is more about mental models and getting better heuristics for quick decisionmaking and assessment of complicated things. Derek Sivers's notes on it are good: http://sivers.org/book/SeekingWisdom http://sivers.org/book/SeekingWisdom I don't know a great summary of Intelligent Investor to link to, but it's definitely recommended - it's a finance book so not beach reading, but it's light and casual enough and not too academic. It's as about as readable as you can get for a serious book on finance.

Jayasimhan 16y ago
I'm reading Seeking Wisdom now, and loving it.. I'm so blown by the fact that awesome stuff like these are often hidden deep in the web and not so obvious even for a regular reader.
- achompas 16y ago
  I'd love to get a copy, but Amazon is seemingly out of stock (only new copies at $30). Where did you get your copy? EDIT: answered my own question, here's the publisher's order form: https://www.poorcharliesalmanack.com/orderform_v4.php https://www.poorcharliesalmanack.com/orderform_v4.php
notaddicted 16y ago
I've read Intelligent Investor and Security Analysis (1934 ed.) and bios of both Munger and Buffett, and I found Alice Schroeder's Buffett biography to be pretty good. It is long, but it covers a lot of stuff that he might not tend to mention as a public figure ... and you can see how his investment style evolved from Benjamin Graham style value investing into his present strategy. Also Buffett wrote letters to his partnership during the 60s that give a simple explanation of his investment style and explain some of his larger non-securities investments: http://www.ticonline.com/buffett.partner.letters.html http://www.ticonline.com/buffett.partner.letters.html ... this would be how he thought when he was merely a millionaire.

Jayasimhan 16y ago

I'm reading Seeking Wisdom now, and loving it.. I'm so blown by the fact that awesome stuff like these are often hidden deep in the web and not so obvious even for a regular reader.

achompas 16y ago
I'd love to get a copy, but Amazon is seemingly out of stock (only new copies at $30). Where did you get your copy? EDIT: answered my own question, here's the publisher's order form: https://www.poorcharliesalmanack.com/orderform_v4.php https://www.poorcharliesalmanack.com/orderform_v4.php

notaddicted 16y ago

I've read Intelligent Investor and Security Analysis (1934 ed.) and bios of both Munger and Buffett, and I found Alice Schroeder's Buffett biography to be pretty good. It is long, but it covers a lot of stuff that he might not tend to mention as a public figure ... and you can see how his investment style evolved from Benjamin Graham style value investing into his present strategy. Also Buffett wrote letters to his partnership during the 60s that give a simple explanation of his investment style and explain some of his larger non-securities investments: http://www.ticonline.com/buffett.partner.letters.html http://www.ticonline.com/buffett.partner.letters.html ... this would be how he thought when he was merely a millionaire.