Trade Like Warren Buffett (Wiley Trading)
by James Altucher
List Price:
Our Price: $21.75
You Save: $28.20 (56%)
Availability: Usually ships in 1-2 business days
Buy Used: from $8.50 (click here)
Category: Book
See more book details and other editions
Book Summary Information
Author: James AltucherEdition: Hardcover
Audio: English (Unknown); English (Original Language); English (Published)
Published: 2005-02-11
ISBN: 0471655848
Number of pages: 246
Publisher: Wiley
Book Reviews of Trade Like Warren Buffett (Wiley Trading)
Book Review: Awful but not Worthless
Summary: 1 Stars
I am a Finance MBA and Buffettphile and this book barely held my attention. 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. The criteria are annualized 20% expected return and an estimated success probability of 80% or greater. 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.
Summary of Trade Like Warren Buffett (Wiley Trading)
"Trading is notoriously tough. 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."-Kenneth L. Fisher, Forbes' "Portfolio Strategy" Columnist Founder and CEO, Fisher Investments
"Finally, someone blows apart the myth that Warren Buffett is a buy-and-hold investor. 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."
-John Mauldin, author, Bull's Eye Investing editor of Thoughts from the Frontline (www.2000wave.com)
While Warren Buffett is considered the "world's greatest value investor," there's another side to Buffett that is rarely talked about. 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.
Finance Books
Book Subjects
- Arts & Photography
- Biographies & Memoirs
- Business & Investing
- Children's Books
- Comics & Graphic Novels
- Computers & Internet
- Cooking, Food & Wine
- Entertainment
- Gay & Lesbian
- Health, Mind & Body
- History
- Home & Garden
- Horror
- Law
- Literature & Fiction
- Mystery & Thrillers
- Nonfiction
- Outdoors & Nature
- Parenting & Families
- Professional & Technical
- Reference
- Religion & Spirituality
- Romance
- Science
- Science Fiction & Fantasy
- Sports
- Teens
- Travel
Most talked about in Finance Books
The Complete Idiot's Guide to Beating Debtby Steven D. Strauss
Alpha; Published: 1999-11-18; Mass Market Paperback; Book
Best price: $0.01
Price in other shops:
The Complete Idiot's Guide To Wills And Estatesby Steve Maple
Alpha Books; Published: 1997; Paperback; Book
Best price: $0.01
Financial Management and Recordkeeping: Activity Guide and Working Papers IIby McGraw-Hill
Glencoe/McGraw-Hill; Published: 1993-08-26; Paperback; Book
Price in other shops:
The Panic of 1907: Lessons Learned from the Market's Perfect Stormby Robert F. Bruner, Sean D. Carr
Wiley; Published: 2009-04-27; Paperback; Book
Best price: $9.37
Price in other shops:
Financial Institutions, Markets, and Moneyby David S. Kidwell, David W. Blackwell, David A. Whidbee, Richard L. Peterson
John Wiley & Sons Inc; Wiley; Published: 2008-01-14; Hardcover; Book
Best price: $54.99
Financial Accounting: Reporting and Analysisby Earl K. Stice, James Stice, Michael Diamond
South-Western College Pub; Published: 2001-12-28; Hardcover; Book
Best price: $11.65
Price in other shops:
The Money Book for the Young, Fabulous & Brokeby Suze Orman
PBS; Penguin Audio; Published: 2005-03-03; Audio CD; Book
Best price: $16.02
Price in other shops:
Money, Banking and Financial Marketsby Stephen Cecchetti
McGraw-Hill/Irwin; Published: 2007-08-17; Hardcover; Book
Best price: $34.61
Understanding Financial Statementsby Lyn M. Fraser, Aileen Ormiston
Prentice Hall; Published: 1997-11-20; Paperback; Book
Best price: $31.15
Price in other shops:
Foundations of Financial Management (The Irwin Series in Finance, Insurance, and Real Estate)by Stanley B. Block, Geoffrey A. Hirt
Mcgraw-Hill College; Published: 1999-07-01; Textbook Binding; Book
Best price: $28.90
Price in other shops:
Similar Books and other products
The New Buffettology: The Proven Techniques for Investing Successfully in Changing Markets That Have Made Warren Buffett the World's Most Famous Investorby Mary Buffett, David Clark
Scribner; Published: 2002-09-03; Hardcover; Book
Best price: $15.79
Price in other shops:
The Essays of Warren Buffett: Lessons for Corporate America, Second Editionby Warren E. Buffett, Lawrence A. Cunningham
The Cunningham Group; Published: 2008-04-14; Paperback; Book
Best price: $24.00
Price in other shops:
Buffett: The Making of an American Capitalistby Roger Lowenstein
Random House Trade Paperbacks; Published: 2008-04-29; Paperback; Book
Best price: $6.95
Price in other shops:
Warren Buffett and the Interpretation of Financial Statements: The Search for the Company with a Durable Competitive Advantageby Mary Buffett, David Clark
Scribner; Published: 2008-10-14; Hardcover; Book
Best price: $12.62
Price in other shops:
How to Pick Stocks Like Warren Buffett: Profiting from the Bargain Hunting Strategies of the World's Greatest Value Investorby Timothy Vick
McGraw-Hill; Published: 2000-08-23; Hardcover; Book
Best price: $14.75
Price in other shops:
The Wall Street Journal Guide to Investing in the Apocalypse: Make Money by Seeing Opportunity Where Others See Perilby James Altucher, Douglas R. Sease
HarperBusiness; Published: 2011-02-01; Paperback; Book
Best price: $1.84
Price in other shops:
The Most Important Thing: Uncommon Sense for the Thoughtful Investor (Columbia Business School Publishing)by Howard Marks
Columbia University Press; Published: 2011-05-01; Hardcover; Book
Best price: $16.60
Price in other shops:
SuperCash: The New Hedge Fund Capitalism (Wiley Trading)by James Altucher
Wiley; Published: 2006-03-24; Hardcover; Book
Best price: $20.00
Price in other shops:
The Forever Portfolio: How to Pick Stocks That You Can Hold for the Long Runby James Altucher
Portfolio Hardcover; Published: 2008-11-13; Hardcover; Book
Best price: $3.62
Price in other shops:
Trade Like a Hedge Fund: 20 Successful Uncorrelated Strategies and Techniques to Winning Profits (Wiley Trading)by James Altucher
Wiley; Published: 2004-03-08; Hardcover; Book
Best price: $37.98
Price in other shops: