{"product_id":"buffett-and-beyond-website-isbn-9781118955772","title":"Buffett and Beyond, + Website","description":"\u003cb\u003eConstruct a portfolio that is sure to outperform market averages\u003c\/b\u003e  \u003cp\u003eWarren Buffett had it right all along. Now it's your turn to learn how to construct a portfolio that is sure to outperform the market averages, as well as almost every professional money manager in the world. Warren Buffett's method of predictability can determine a future target price, which in turn determines his all-important purchase price. However, Buffett doesn't draw conclusions of his predictability method relative to the future total returns of portfolios. That's where \u003ci\u003eBuffett and Beyond\u003c\/i\u003e comes in, taking Buffett's method one giant step \u003ci\u003ebeyond\u003c\/i\u003e, proving that if you select a portfolio of stocks using the predictability method in this book, you will outperform 96% of professional money managers over the long term.\u003c\/p\u003e \u003cp\u003eIn addition to the information in the book, readers will have access to a password-protected website that includes tutorial videos, PowerPoint slides, free trial access to a video newsletter, and a trial subscription to the author's computer program, which follows the research presented in the book.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eExplains Clean Surplus Accounting (CSA) to determine Return on Owners' Equity (ROE)\u003c\/li\u003e \u003cli\u003eUses CSA to determine ROE in a unique way to verify Buffett's all-important purchase price\u003c\/li\u003e \u003cli\u003eDraws conclusions between Clean Surplus Return on Equity and future total returns\u003c\/li\u003e \u003cli\u003eShows that every portfolio selected from the S\u0026amp;P 500 index with above-average Clean Surplus ROEs outperformed the S\u0026amp;P average during the test periods from 1987 to the present\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eIf you're an investor, this book will impact your financial life forever.\u003c\/p\u003e \u003cp\u003ePreface: From Then Until Now xiii\u003c\/p\u003e \u003cp\u003eIntroduction: A Sea Story xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1: The Purpose of This Book—Your Journey 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2: About Warren Buffett 5\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3: Determining the Earning Capacity of a Company (Now Really, Can It Be This Easy?) 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Beach Factor 12\u003c\/p\u003e \u003cp\u003eClean Surplus 13\u003c\/p\u003e \u003cp\u003eDetermining an Efficient Company 14\u003c\/p\u003e \u003cp\u003eTake Your Bank Account 14\u003c\/p\u003e \u003cp\u003eBonds 15\u003c\/p\u003e \u003cp\u003eEarning Capacity 15\u003c\/p\u003e \u003cp\u003eHow to Determine the Operating Efficiency of a Company 17\u003c\/p\u003e \u003cp\u003eSooo Important 19\u003c\/p\u003e \u003cp\u003eYou See . . . ROE Tells Us Everything 19\u003c\/p\u003e \u003cp\u003eLet’s Ask Warren 20\u003c\/p\u003e \u003cp\u003eSummary—the Key to the Investing Business 21\u003c\/p\u003e \u003cp\u003eWhy Hasn’t the Entire World Figured This Out Yet? 21\u003c\/p\u003e \u003cp\u003eYou Will Learn 22\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4: My Theory of Why Most Money Managers of the World Cannot Outperform the Market Averages 25\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMy Contest—Beware How You Select the Random Portfolio 29\u003c\/p\u003e \u003cp\u003eOne Step Beyond Buffett 30\u003c\/p\u003e \u003cp\u003eYou Don’t Have to Worry 30\u003c\/p\u003e \u003cp\u003eFun with Our Portfolio Reviews 31\u003c\/p\u003e \u003cp\u003eIn Summary 32\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: A Very Simple Income Statement and an Even Simpler Balance Sheet\u003c\/b\u003e 35\u003c\/p\u003e \u003cp\u003eThe Income Statement 36\u003c\/p\u003e \u003cp\u003eThe Balance Sheet 36\u003c\/p\u003e \u003cp\u003eTying Together the Income Statement and Balance Sheet 37\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6: The Return on Equity Ratio 41\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThis Chapter and the Next and the Next 43\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7: The Return Portion of the Return on Equity Ratio 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Income Statement: Return 47\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8: The Equity Portion of the Return on Equity 53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEarnings 55\u003c\/p\u003e \u003cp\u003eAccounting Statements and the Link between Them 55\u003c\/p\u003e \u003cp\u003eThe General Motors Story 57\u003c\/p\u003e \u003cp\u003eThe Central Flaw of Traditional Accounting 60\u003c\/p\u003e \u003cp\u003eLet’s Not Forget the Main Question 60\u003c\/p\u003e \u003cp\u003eAddendum to The General Motors Story 61\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9: How to Determine an Equitable Equity Number 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLet’s Review Just a Bit 65\u003c\/p\u003e \u003cp\u003eOur New Return on Equity Equation 67\u003c\/p\u003e \u003cp\u003eWhat Does Warren Buffett Say about All This? 69\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10: The Predictability of Finance Valuation Models 71\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEfficiency Is the Key 73\u003c\/p\u003e \u003cp\u003eCollege and Finance Valuation Models—They Just Don’t Work Very Well 74\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11: Clean Surplus ROE—the Only Comparable Efficiency Ratio 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eClean Surplus 81\u003c\/p\u003e \u003cp\u003eI Forget, What Are We Looking For? Let’s Review! 83\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12: What Buffett Looks for in a Company, or How Clean Surplus Accounting Recognizes the Quality of a Company 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBuffett 88\u003c\/p\u003e \u003cp\u003eThe Consumer Monopoly versus the Commodity Type of Business 89\u003c\/p\u003e \u003cp\u003eThe Commodity Type of Business: Companies Buffett Avoids 89\u003c\/p\u003e \u003cp\u003eThe Consumer Monopoly: The Type of Business Buffett Loves 92\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 13: General Electric Then and Now 97\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Purchase Price 97\u003c\/p\u003e \u003cp\u003eBack to Basics 99\u003c\/p\u003e \u003cp\u003eA Very Important Point 100\u003c\/p\u003e \u003cp\u003eBack to the Good Bank 100\u003c\/p\u003e \u003cp\u003eBeware, Beware, Beware 102\u003c\/p\u003e \u003cp\u003eA Real Stock 103\u003c\/p\u003e \u003cp\u003eThe P\/E Ratio 105\u003c\/p\u003e \u003cp\u003eBack to the Future 107\u003c\/p\u003e \u003cp\u003eLet’s Discount Back—the All Important Purchase Price 108\u003c\/p\u003e \u003cp\u003eImportant Note: Approximately 110\u003c\/p\u003e \u003cp\u003eVery Important Addendum 111\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 14: General Motors Then and Now 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLet’s Look at General Motors 116\u003c\/p\u003e \u003cp\u003eHigh ROE 116\u003c\/p\u003e \u003cp\u003eConsistency Up to 2002 117\u003c\/p\u003e \u003cp\u003eCompare 118\u003c\/p\u003e \u003cp\u003eThe Blind Kid—A Sea Story 119\u003c\/p\u003e \u003cp\u003eA Lesson to Be Learned 120\u003c\/p\u003e \u003cp\u003eSo You See, Folks 121\u003c\/p\u003e \u003cp\u003eAddendum to the General Motors Saga 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 15: The Beginning: The Initial Research 125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy Work with the Dow 30? 126\u003c\/p\u003e \u003cp\u003eConstructing the Portfolio: My First Research into Clean Surplus 127\u003c\/p\u003e \u003cp\u003eMethodology 127\u003c\/p\u003e \u003cp\u003e1987: The Year of the Anomaly 129\u003c\/p\u003e \u003cp\u003eBuffett the Anomaly 129\u003c\/p\u003e \u003cp\u003eMore Parameters: The Simple Rules 130\u003c\/p\u003e \u003cp\u003eThe Test Period Parameters 130\u003c\/p\u003e \u003cp\u003eThe Results 131\u003c\/p\u003e \u003cp\u003eCompounded Returns 132\u003c\/p\u003e \u003cp\u003eIs There a Correlation Between the ROEs and the Returns? 133\u003c\/p\u003e \u003cp\u003eGetting Published in an Academic Journal 135\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 16: Continuing Research: The Doctoral Research on the S\u0026amp;P 500 137\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinally, a Lead for Clean Surplus Accounting—Buffett, Graham, Ohlson 138\u003c\/p\u003e \u003cp\u003eThe Results of the Research 139\u003c\/p\u003e \u003cp\u003eMethodology 139\u003c\/p\u003e \u003cp\u003eNotice the Difference 141\u003c\/p\u003e \u003cp\u003eStandardized Against the Market 142\u003c\/p\u003e \u003cp\u003ePortfolio Construction 142\u003c\/p\u003e \u003cp\u003eResults: First Test Period 143\u003c\/p\u003e \u003cp\u003eResults: Second Test Period 144\u003c\/p\u003e \u003cp\u003eBias 144\u003c\/p\u003e \u003cp\u003eSummary of Results 145\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 17: Rules for Structuring a Great Growth Portfolio 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDebt 153\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 18: Great, Great Job, but You’re Fired 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA New Definition 156\u003c\/p\u003e \u003cp\u003eThe Research Begins 156\u003c\/p\u003e \u003cp\u003eThe First Class 157\u003c\/p\u003e \u003cp\u003eTo Teach or Not to Teach? 159\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 19: Stocks on Our Radio Show 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBack in 2012 163\u003c\/p\u003e \u003cp\u003eThe Structure of This Report 165\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 20: Stories of Audience Hecklers 169\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Know]It]All Half]Back 170\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 21: A Great Dividend Income and Growth Strategy—Part I: The Economic Spectrum of Dividend Stocks 173\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePortfolio Parameters 175\u003c\/p\u003e \u003cp\u003eThe Four Stages of the Business Life Cycle 176\u003c\/p\u003e \u003cp\u003eThe Maturity Stage 179\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 22: A Great Dividend Income and Growth Strategy—Part II: Selecting Stocks That Are Growing Their Dividends for Our Portfolio 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 23: A Great Dividend Income and Growth Strategy—Part III: Selecting Stocks That Are Growing in Price for Our Portfolio 189\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePhilip Morris International 192\u003c\/p\u003e \u003cp\u003eAT\u0026amp;T 194\u003c\/p\u003e \u003cp\u003eA Pretty Good Portfolio Stock 195\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 24: Enhanced Income 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCovered Option Writing 201\u003c\/p\u003e \u003cp\u003eWhat Does This Have to Do with Options? 202\u003c\/p\u003e \u003cp\u003eWhat? Give Up My Stock? Shame on You! 203\u003c\/p\u003e \u003cp\u003eA Bit of Technical Analysis 204\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 25: Portfolio Insurance 207\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Does Buffett Do? 209\u003c\/p\u003e \u003cp\u003eSo What Can We Do? 209\u003c\/p\u003e \u003cp\u003eOk, So What Can We Do to Take the Guessing out of Investing? 210\u003c\/p\u003e \u003cp\u003eThe Amazing Thing About Portfolio Insurance 210\u003c\/p\u003e \u003cp\u003eMarket Crash Mentality 211\u003c\/p\u003e \u003cp\u003eBack to the Crash Mentality 211\u003c\/p\u003e \u003cp\u003eWhich Scenario Do You Prefer? 211\u003c\/p\u003e \u003cp\u003eHow Do We Insure Our Portfolios? 212\u003c\/p\u003e \u003cp\u003eCash, Cash, Cash 213\u003c\/p\u003e \u003cp\u003eBut How Much Cash? 213\u003c\/p\u003e \u003cp\u003eWhat Do We Mean by Market Conditions? 215\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 26: What Have You Learned? A Summary 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDividend Income and Growth Strategy 220\u003c\/p\u003e \u003cp\u003ePortfolio Insurance and Enhanced Income 221\u003c\/p\u003e \u003cp\u003ePutting the Odds of Success on My Side 222\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 27: We Won’t Leave You Out There Alone 225\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ca href=\"http:\/\/www.wiley.com\/go\/buffettandbeyond\"\u003ewww.wiley.com\/go\/buffettandbeyond\u003c\/a\u003e 225\u003c\/p\u003e \u003cp\u003eThe Weekly Video 226\u003c\/p\u003e \u003cp\u003eThe Computer Program 226\u003c\/p\u003e \u003cp\u003eTutorial Videos 227\u003c\/p\u003e \u003cp\u003eFor Individual Investors 227\u003c\/p\u003e \u003cp\u003eFor Professional Money Managers, Wealth Managers, and Investment Advisors 228\u003c\/p\u003e \u003cp\u003eAbout the Author 231\u003c\/p\u003e \u003cp\u003eIndex 233\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eD\u003csmall\u003eR\u003c\/small\u003e. JOSEPH BELMONTE\u003c\/b\u003e is a renowned investment strategist and market thinker. Dr. Belmonte has taught investments, corporate finance, and advanced managerial finance for many years, and has lectured to numerous professional and investment groups across the country.   \u003c\/p\u003e\u003cp\u003eOver any ten year period, 96% of professional money managers cannot outperform the market averages without taking on added risk. It would be just as effective to pick stocks by blindly throwing darts! That’s why, when a successful investor like Warren Buffett comes along, the world takes notice. Buffett is known as one of the most successful investors in history. In \u003ci\u003eBuffett and Beyond, Second Edition\u003c\/i\u003e, his simple strategy is revealed so that any investor can replicate it. This book also goes one step beyond Buffett’s approach, demonstrating a proven method for predicting the future success of portfolio positions. This book walks readers through the step-by-step process of improving the odds by building solid growth portfolios as well as dividend growth and income strategies. \u003c\/p\u003e\u003cp\u003eBuffett is famous for his long-term approach to investments, and this book reinforces the strategy that has worked so well for the Berkshire Hathaway chairman. But few people know that the method used by Buffett is the real foundation of his success. Clean Surplus Accounting, explained in depth in \u003ci\u003eBuffett and Beyond\u003c\/i\u003e, structures the calculations that let investors discover a very unique Return on Owner’s Equity (ROE). This simple accounting method is powerful enough to beat out even the most complex systems used on Wall Street in terms of both income and growth. This book, along with the videos available on the companion website, allows readers to make decisions using the same guidelines Warren Buffett uses every day. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eBuffett and Beyond\u003c\/i\u003e contains no magic, no jargon, and no passing fads. Instead, it shows investors an approach that has been working for over half a century. This book even takes Buffett’s strategy one step further to take the guesswork out of port-folio building. Knowing when an investment will yield predictable long-term returns—and when it won’t—is within the reach of any individual investor using the Clean Surplus Accounting method. This method expands on what Buffett has taught us and provides a solid framework for ensuring investment stability and income far into the future.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47988863140069,"sku":"NP9781118955772","price":29.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118955772.jpg?v=1761781824","url":"https:\/\/k12savings.com\/products\/buffett-and-beyond-website-isbn-9781118955772","provider":"K12savings","version":"1.0","type":"link"}