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Trade Like Warren Buffett (Wiley Trading)
ISBN: 0471655848     Date Published: 2005-02-11     Author(s): James Altucher
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Hardcover
Wiley
246 Pages
 
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06/20/2013 01:29:07
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Editorial Review - Book Description:
`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.
 
Customer Review:
Total Reviews: (19)
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23 of 28 People found the following review helpful.

Awful but not Worthless, April 21, 2006 ByCurt Brandt - See all my reviews Amazon Verified Purchase(What's this?) This review is from: Trade Like Warren Buffett (Wiley Trading) (Hardcover) 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...
 
17 of 21 People found the following review helpful.

Glad I Bought It, March 8, 2005 ByE. Brosio - See all my reviews This review is from: Trade Like Warren Buffett (Wiley Trading) (Hardcover) I was first exposed to James Altucher's work on theStreet.com and have always found his articles to be worthwhile. "Trade Like Warren Buffett" is no different. Mr. Altucher's concise observations and comfortable writing style make this book a fun, fast read. People who have had little exposure to Buffett literature beyond the endless magazine cover stories will see that he is at heart an extremely ambitious and competitive investor who is not above making a quick trade, timing the market or relying at least in part on anecdotal evidence when buying a stock. But even though Mr. Altucher makes short work of the "buy and hold forever" myth that surrounds Buffett, he clearly respects Buffett's prowess and accomplishments. I particularly liked the examination of Buffett's current stock holdings and the stories from his early investing career. And there are a couple of interviews with money managers that provide good perspective. It was a little frustrating to...
 
35 of 47 People found the following review helpful.

Buy Buffettology Instead, March 28, 2005 ByIf Alan Wilder Was An American (Chicago, IL USA) - See all my reviews This review is from: Trade Like Warren Buffett (Wiley Trading) (Hardcover) This book was rather weak. It touched on alot of interesting topics but often didn't dive into them in detail. It also had interviews with at least 3 people who run mutual and hedge funds that didn't have much to do with Buffett's record itself. I've read just about all of the books on Buffett out there and this one was not one of the best by far. Buy Buffettology or the New Buffettology. They are far better.
 
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