{"product_id":"buffett-beyond-value-isbn-9780470467152","title":"Buffett Beyond Value","description":"\u003cp\u003eA detailed look at how Warren Buffett really invests\u003c\/p\u003e \u003cp\u003eIn this engaging new book, author Prem Jain extracts Warren Buffett's wisdom from his writings, Berkshire Hathaway financial statements, and his letters to shareholders and partners in his partnership firms-thousands of pages written over the last fifty years. Jain uncovers the key elements of Buffett's approach that every investor should be aware of.\u003c\/p\u003e \u003cp\u003eWith \u003ci\u003eBuffett Beyond Value\u003c\/i\u003e, you'll learn that, contrary to popular belief, Warren Buffett is not a pure value investor, but a unique thinker who combines the principles of both value and growth investing strategies. You'll also discover why understanding CEOs is more important than studying financial metrics; and why you need an appropriate psychological temperament to be a successful investor.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eReveals Buffett's multifaceted investment principles\u003c\/li\u003e \u003cli\u003eDiscusses how Buffett thinks differently from others about portfolio diversification, market efficiency, and corporate governance\u003c\/li\u003e \u003cli\u003eHighlights how you can build a diverse and profitable investment portfolio\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWith this book as your guide, you'll learn how to successfully invest like Warren Buffett.\u003c\/p\u003e Preface ix\u003cbr\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart One Introduction and Background 1\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1 The Thrill of Investing in Common Stocks 3\u003c\/p\u003e \u003cp\u003eChapter 2 1965–2009: Lessons from Significant Events in Berkshire History 9\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Two Buffett Investing = Value + Growth 23\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 3 Value Investing—It's Like Buying Christmas Cards in January 25\u003c\/p\u003e \u003cp\u003eChapter 4 Growth Investing 43\u003c\/p\u003e \u003cp\u003eChapter 5 Intrinsic Value 57\u003c\/p\u003e \u003cp\u003eChapter 6 Buffett Investing = Value + Growth 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Three Other People’s Money 87\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 7 Insurance—Other People’s Money 89\u003c\/p\u003e \u003cp\u003eChapter 8 Reinsurance: More of Other People’s Money 99\u003c\/p\u003e \u003cp\u003eChapter 9 Tax Deferment: Interest-Free Loans from the Government 109\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Four Success in Retailing, Manufacturing, and Utilities 113\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 10 If You Don’t Know Jewelry, Know Your Jeweler 115\u003c\/p\u003e \u003cp\u003eChapter 11 Compete Like Mrs. B 123\u003c\/p\u003e \u003cp\u003eChapter 12 Why Invest in Utility Companies? 129\u003c\/p\u003e \u003cp\u003eChapter 13 High Profits in Honest-to-Goodness Manufacturing Companies 137\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Five Risk, Diversification, and When to Sell 143\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 14 Risk and Volatility: How to Think Profitably About Them 145\u003c\/p\u003e \u003cp\u003eChapter 15 Why Hold Cash: Liquidity Brings Opportunities 155\u003c\/p\u003e \u003cp\u003eChapter 16 Diversification: How Many Baskets Should You Hold? 161\u003c\/p\u003e \u003cp\u003eChapter 17 When to Sell 169\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Six Market Efficiency 175\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 18 How Efficient Is the Stock Market? 177\u003c\/p\u003e \u003cp\u003eChapter 19 Arbitrage and Hedge Funds 185\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Seven Profitability and Accounting 193\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 20 M = Monopoly = Money 195\u003c\/p\u003e \u003cp\u003eChapter 21 Who Wins in Highly Competitive Industries? 205\u003c\/p\u003e \u003cp\u003eChapter 22 Property, Plant and Equipment: Good or Bad? 211\u003c\/p\u003e \u003cp\u003eChapter 23 Key to Success: ROE and Other Ratios 217\u003c\/p\u003e \u003cp\u003eChapter 24 Accounting Goodwill: Is It Any Good? 223\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Eight Psychology 229\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 25 How Much Psychology Should You Know? 231\u003c\/p\u003e \u003cp\u003eChapter 26 How to Learn from Mistakes 243\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart Nine Corporate Governance 249\u003cbr\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 27 Dividends: Do They Make Sense in This Day and Age? 251\u003c\/p\u003e \u003cp\u003eChapter 28 Should You Invest in Companies That Repurchase Their Own Shares? 257\u003c\/p\u003e \u003cp\u003eChapter 29 Corporate Governance: Employees, Directors, and CEOs 263\u003c\/p\u003e \u003cp\u003eChapter 30 Large Shareholders: They Are Your Friends 273\u003c\/p\u003e \u003cp\u003eConclusion B = Baseball = Buffett 277\u003c\/p\u003e \u003cp\u003eAppendix A Summary of the Book 281\u003c\/p\u003e \u003cp\u003eNotes 283\u003c\/p\u003e \u003cp\u003eAbout the Author 295\u003c\/p\u003e \u003cp\u003eIndex 297\u003c\/p\u003e  \u003cp\u003e\u003cb\u003ePREM C. JAIN\u003c\/b\u003e is the McDonough Professor of Accounting and Finance at the McDonough School of Business, Georgetown University, in Washington, D.C. He has previously taught at the Wharton School of the University of Pennsylvania and the Freeman School of Business at Tulane University. His research has been published in many prestigious finance and accounting journals including the \u003ci\u003eJournal of Finance \u003c\/i\u003eand the \u003ci\u003eJournal of Accounting Research\u003c\/i\u003e. Jain received a doctorate from the University of Florida and a master’s degree in applied economics from the University of Rochester. He is also a CPA in the state of Florida.   \u003c\/p\u003e\u003cp\u003eWhile Warren Buffett’s investment ideas are simple to understand, his success can be difficult to duplicate—unless you become familiar with how he really goes about the process of investing. \u003c\/p\u003e\u003cp\u003eIn this engaging new book, author Prem C. Jain extracts Warren Buffett’s investment wisdom from Berkshire Hathaway annual reports, Buffett’s letters to shareholders and partners in his partnership firms, and as many of Buffett’s other writings as he could find—thousands of pages written over the past fifty years. Through this effort, Jain uncovers the key elements of Buffett’s approach and offers an accessible way to apply it to your own investment endeavors. \u003c\/p\u003e\u003cp\u003eWith \u003ci\u003eBuffett Beyond Value\u003c\/i\u003e, you’ll quickly learn that, contrary to popular belief, Warren Buffett is not a pure value investor, but a unique thinker who combines the principles of both value and growth investing strategies. You’ll also discover why Buffett emphasizes the importance of high-quality management above many other metrics when evaluating a company he’s interested in. \u003c\/p\u003e\u003cp\u003eWritten for anyone serious about stock market investing, this unique guide skillfully outlines the proven principles Buffett has followed over the course of his long and successful career and shows you what it takes to make them work for you. Topics include: \u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eHow to build a diverse and profitable portfolio the Warren Buffett way\u003c\/li\u003e \u003cli\u003eWhy you need an appropriate psychological temperament to be a successful investor\u003c\/li\u003e \u003cli\u003eBuffett’s thoughts on market efficiency and the ways in which you can incorporate them into your investment decision making\u003c\/li\u003e \u003cli\u003eHow issues related to profitability and accounting can provide you with a perspective that is uncommon in investing circles\u003c\/li\u003e \u003cli\u003eWhy Buffett thinks differently from others about portfolio diversification, corporate governance, and much more\u003c\/li\u003e\n\u003c\/ul\u003e \u003cp\u003eIf there’s one person worth listening to when it comes to investing—whether you’re an individual investor, a student, an academic, or a professional portfolio manager—it’s Warren Buffett. And with \u003ci\u003eBuffett Beyond Value \u003c\/i\u003eas your guide, you’ll gain valuable insights that could enhance your understanding of investing and improve your ability to make more profitable decisions in today’s markets.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988863107301,"sku":"NP9780470467152","price":27.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470467152.jpg?v=1761781823","url":"https:\/\/k12savings.com\/es\/products\/buffett-beyond-value-isbn-9780470467152","provider":"K12savings","version":"1.0","type":"link"}