How to Build Wealth Like Warren Buffett: Principles and Practical Methods Used by the World's Greatest Investor

How to Build Wealth Like Warren Buffett: Principles and Practical Methods Used by the World's Greatest Investor

Posted by jack_miller | Published 7 months ago

With 2 ratings

By: Robert P. Miles, Robert Miles, et al.

Purchased At: $42.95

In How to Build Wealth Like Warren Buffett: Principles and Practical Methods Used by the World's Greatest Investor, acclaimed author and Buffett expert Robert Miles brings to light Warren Buffett the man, along with his simple yet highly effective business and investing principles. You will be inspired and motivated as Robert recounts the story of how Warren Buffett single-handedly became a self-made billionaire solely by investing in stocks and businesses that he believed in. You will learn how a simple $100 investment that he made in 1957 grew into the billions that have made him the world's second richest individual to date.

By listening to How to Build Wealth Like Warren Buffett: Principles and Practical Methods Used by the World's Greatest Investor, you will discover:

  • How Warren Buffett grew his empire and how you can apply his investment principles and strategies to build yours.
  • How to decipher the kind of investor you are and the kind of investor you'd like to be.
  • How to choose investments that are steadfast and have long-term track records.
  • Who Warren Buffett's mentors are and how you can apply their lessons to your life.
  • How you can benefit from becoming an investment owner rather than a trader.
  • The wealth-building strategies of Warren Buffett and his successor, Lou Simpson.
  • How traditional investment diversification may not be a strategy that works in your best interest.
  • How to break away from following the masses and find your own unique style.
  • Why you should focus on investing your money on Main Street rather than Wall Street.
  • Examples of Warren Buffett's impeccable character and how building your own personal character will ultimately affect all of your business and financial ventures.

Miles has an unusual tact here, because he covers move than you would first realize. One he unites the ideas of what it takes to invest like Buffet and then also run a company like Buffet i.e. Berkshire Hathaway. It is that two fold attack that is surprising; most break them up or don't realize the importance of having such a complete viewpoint that feeds into itself.

Tips abound: limit yourself to companies you understand or really want to know about, in depth i.e. become your own specialist. t's best to have a very strong #2 on-board, to discuss and bounce off ideas. Select the best and concentrate your time, labour and money in that. Being frugal isn't a vice. Remain debtless and try to live as simply as possible so you don't lost time and energy taking care of worthless assets. Ignore dividends -- because they channel assets away from the enterprise but also are taxable :-)

There are lots of other nuggets, like things & people that inspire Buffet peppered throughout ( John Maynard Keynes), health personal tips i.e. deny Keep yourself in good health, discipline yourself, keep yourself humble. Overall this really does make Buffet look like the Sage of Omaha but to be honest it's a lot of good sense in a very palatable package that helps you not just with your busines, your investments but with your overall handling of life. It's enjoyable to listen to and probably worth taking notes on, you could learn alot from Miles and Buffet and particularly the Berkshire annual report./TKL

- judah_miller

Having read and/or listened to a dozen or more books on Warren Buffett and Berkshire Hathaway, I have been disappointed by this one. While the various "nuggets" are, indeed, helpful, the author constantly repeats the same stories in different chapters throughout the book - in fact, from time to time I found myself double-checking to make sure I hadn't reinserted the same CD I had just listened to. Also, apparently Mr. Miles chose to narrate/read the audio book himself and, while he may be great at public speaking, his reading of this book seemed very dry and tough to listen to. Lastly, while I acknowledge that the book contained useful content, the author somehow managed to extend an hour's worth of content into approximately 5 hours of material.

- danna_robinson

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