| 商家名称 | 信用等级 | 购买信息 | 订购本书 |
 |
 |
Pilgrimage to Warren Buffett's Omaha: A Hedge Fund Manager's Dispatches from Inside the Berkshire Hathaway Annual Meeting |  |
 |
|
Pilgrimage to Warren Buffett's Omaha: A Hedge Fund Manager's Dispatches from Inside the Berkshire Hathaway Annual Meeting | |
They come to Omaha by the tens of thousands, flocking to an annual meeting that has become legendary for investors, businesspeople, and fans of one of the most savvy capitalists on the planet. They come to eat steak, buy furniture at a discount, and bask in the brilliance of value investor extraordinaire, Warren Buffet.
. .Hedge fund founder, financial blogger, and professional skeptic Jeff Matthews got his own highly-coveted ticket to the Berkshire Hathaway meeting held only for shareholders and their guests--and proceeded to post reports on his blog, offering tempting glimpses into the much-discussed meeting. Now Matthews delivers a full-length account of his adventures at this infamous financial hoedown. In addition to offering a thoroughly entertaining first-hand account of Berkshire Hathaway's meeting, he answers questions investor's are asking, including:
. . Does Buffett's famed penny-pinching cripple his companies?. Why does Buffet--a bridge partner and best friend of Bill Gates--not own any technology stocks?. How does the extremely rational Buffett square his well-known social progressiveness with his lily-white audience of investors?. Is Buffet really an "Oracle"?. What information, insights, and ideas do the meeting's attendees pick up-and how do they put this information to use in their own investments?. Will Berkshire-Hathaway survive his death? . .Matthews also applies his financial acumen to harvesting potent lessons from his experiences that you can use as you survey the investment field, from finding how the world�s greatest investor evaluates not only businesses but the people who run them, to the importance of �just reading and thinking� and the value of having a smart, cynical partner. With the dispatches from this exclusive financial carnival, Pilgrimage to Warren Buffett's Omaha puts you at the forefront of an investor's dream come true.
. ."There are very few secrets to be revealed about a man who really doesn�t have many secrets. But this book does take you inside that secret place � the Mecca of the Midwest. It�s very easy to read and full of classic Buffett-isms � well worth the pilgrimage for those of us who don�t own any Berkshire Hathaway shares or for anyone who wants to learn more about investing from the man who says the first rule of investing it to, 'read everything.'"
--CNBC.COM 作者简介
Jeff Matthews founded Ram Partners, LP, a hedge fund based in Greenwich, CT, in 1994. His distinctive financial blog, Jeff Matthews Is Not Making This Up, is regularly featured in the Wall Street Journal’s blog roll and has a loyal following among Wall Street analysts, traders, and portfolio managers, as well as investors around the world.
目录Introduction
1: This is Big 2: Why Omaha?
3: The Newspaper Generation
4: The Oracle of Omaha
5: When the Math Doesn’t Work
6: What if Bob Nardelli Had Done This Once in a While?
7: One Word: “Rational”
8: Budding Buffetts and the Best of All Worlds.
9: Artful Dodging
10: What Now?
11: The Most Versatile Investor in the World
12: “You Don’t Want to Let Him Down”.
13: An Uncomfortable Truth: “The Undeserving Poor” and Mail-Order Brides.
14: Who Do You Trust? Body Language and “What They Laugh About”.
15: Avoiding Catastrophe; Some Bad Advice; and One Unanswerable Question
16: On the Cheap
网友对Pilgrimage to Warren Buffett's Omaha: A Hedge Fund Manager's Dispatches from Inside the Berkshire Hathaway Annual Meeting的评论
I have held Berkshire Hathaway for some time. The book gave readers a better understanding of the operations of this firm. As an investor I and other are simply interested the results. In the recent past the results were mediocre and the large railroad acquisitions are not as simple as they may seem. Before I read the book. I was enchanted with the results and the common sense applied to the business. Can it continue? Some of his disciples have succeeded. There are few if any investors that have a similar structure. I wish them well, it may never happen again in these United States.
Buffet and Munger are to be admired for what they have done but it is no "case study" for any MBA school. How can anyone emulate their structure or logic?
We, as a nation, require better and more successful modes of operation. Whether you or I make some money is not the issue. What happens to us a nation is much more important. We need a better trading system and more honest trading companies. We need to feed those who need food and clothe those who are bare. We need to study our founding fathers and to emulate their successes. I fear it will never happen.
Moish
I brought this book for a flight from NYC to LA and it was perfect. I've read all the classic studies of Buffett, and this book was a great read and a great refresher on Buffet's investment principles. Matthews shows plenty of awe for Buffett and his consistent returns, and he brings life and color to Munger which I really appreciated. Though I am a shareowner (B-class), I'll probably never make the journey to the Berkshire annual meeting myself. This book is the next best thing.
Purchased this as a gift for my son, who absolutely loved it. He is involved in the financial world and has great respect for Warren Buffett. A great book according to him.
Excellent bird's eye view by someone with an interest. I have 50 shares of Berkshire B. Never go to a meeting, because I save the money for another share. There's always a lot written about the meetings. But this was like I was there. He even complained accurately about his rent car and trying to get something to eat. Just like I envisioned visiting anywhere with a sudden influx of 30K people. Good read.
The author Jeff Matthews, hedge fund manager at Ram Partners and blogger, is also one of the characters in the text as it almost has the form of a diary. The main character is not Matthews however, it's not even Warren Buffett. The spotlight instead falls on the Woodstock of capitalism, the AGM of Birkshire Hathaway. Matthews travelled to the 2006 and 2007 AGMs and wrote about the experience on his blog and gave all the rest of us, who probably never will, a seat on the front row. The blogs then turned into this book and the experience turned Matthews into a devotee to what even Charlie Munger has called "somewhat of a cult".
On the surface this is almost a sociological study of the yearly 30.000 person event. The AGM is part of Buffett's attempt to gain a high quality ownership base through constant communication of his values and philosophy. The highlight is the Q&A-session that goes on almost a full Saturday and anyone can ask anything apart from what Buffett is investing in next. Beside the Q&A-session there are furthermore exhibition halls for the Berkshire companies' products, private dinners and lunches with Buffett and other Berkshire dignitaries, cocktail parties etc. Matthews takes the reader to what is a combination of a sports event, a country fair and a revival meeting to meet with countless of white couples nearing retirement age and groups of men in their middle ages who are there to see the Buffett and Munger show.
The good thing is that the author apart from an amateur sociologist also is a fund manager. This enables him to pick up and comment on all the nuggets in Buffett's investment philosophy. Concepts like staying within you circle of competence, being in Omaha to get out of the jitter on Wall Street, the value of versatility, flexibility and preparedness in investing and the scepticism towards academic finance is all there. Matthews discusses Buffett's search for companies with durable competitive advantages, high return on invested capital, trustworthy management and the focus on avoiding mistakes, "I put a heavy weight on safety", as Warren puts it.
Many of the questions put to Buffett regards how to succeed with investments. The answer to read everything on the subject, to sit and think a lot and to develop an investment style that suits yourself is perhaps not the quick way to riches that many wanted as an answer but it contains tons of wisdom. On less generic advice is however given and that is that all an investor needs to know about investing is to be found in chapters 8 and 20 of Ben Grahams book The Intelligent Investor - the chapters that discuss how to think about market fluctuations and why you should have a margin of safety between price and value when you invest.
The combination of curiousness of the event and understanding of the investment philosophy that Buffett's comments relate to makes Matthews an ideal guide and the book a nice read. The blog format is easily digestible and it's easy to just continue with the next chapter. Even though Matthews is a value investor from start its apparent how the event is affecting him. I enjoyed being able to follow him around into the midst of rural US. However I'm not sure that this is a book suitable for those who want to learn about how Buffett invests. The investment philosophy is much too wrapped up in other reflections and not really spelled out clearly. The books by Mary Buffett or Robert Hagstrom will do a better job.
In May 1956 a young Buffett invested $100 into Buffett Partnership. Half a century later he is not only the richest man in the world but also leader of a cult. This book is a chance to get a better understanding of a phenomenon of our time.
This is a review by eqtbooks.com
喜欢Pilgrimage to Warren Buffett's Omaha: A Hedge Fund Manager's Dispatches from Inside the Berkshire Hathaway Annual Meeting请与您的朋友分享,由于版权原因，读书人网不提供图书下载服务
