Think, Act, and Invest Like Warren Buffett: The Winning Strategy to Help You Achieve Your Financial and Life Goals

Think, Act, and Invest Like Warren Buffett: The Winning Strategy to Help You Achieve Your Financial and Life Goals

Posted by jack_miller | Published 7 months ago



With 68 ratings

By: Larry Swedroe

Purchased At: $17.00 (8 used & new offers)

Bedrock investing principles for profiting in today’s shaky markets

If you wanted to create the next earth-shattering consumer product, Steve Jobs would be an ideal role model to follow. If you planned to become a great golfer, you might look to Arnold Palmer or Jack Nicklaus.

So, if your goals were to outperform other investors and achieve your life’s financial goals, what should you do?

Think, act and invest like the best investor out there: Warren Buffett. While you can’t invest exactly like he does, Think, Act, and Invest Like Warren Buffett provides a solid, sensible investing approach based on Buffett’s advice regarding investment strategies.

When it comes to investing, Director of Research for the BAM Alliance and CBS News blogger Larry Swedroe has pretty much seen it all—and he’s come to the conclusion that simple is better, that adopting basic investing principles always increases an investor’s chance of success and that Buffett is the perfect model for such investing.

In Think, Act, and Invest Like Warren Buffett, Swedroe provides the foundational knowledge you need to:

  • Develop a financial plan to help you make rational decisions on a consistent basis
  • Determine the level of risk that’s right for you and allocate your assets accordingly
  • Create a strong portfolio that will weather any economic storm
  • Manage your portfolio—rebalance periodically to maintain proper risk levels

The beauty of the Buffett approach is its profound simplicity: follow the basics, keep your cool, and have a sense of humor.

The market volatility of recent years has ushered in armies of economists, forecasters and other so-called experts whose job it is to explain how everything works. Somehow, they have managed to muddy the waters even more.

The truth is, investing is easier than you think—even in today’s economy. “Complex problems can have simple solutions,” Swedroe writes. Think, Act, and Invest Like Warren Buffett helps you go back to the basics—so you can leap in front of the investing pack.

Praise for Think, Act, and Invest Like Warren Buffett:

“You could not spend a more profitable hour than reading Larry Swedroe’s wise and lucid investment guide.”
—Burton Malkiel, author, A Random Walk Down Wall Street

“If you've been wondering why you've had such a hard time investing well, Playing the Winner's Game will diagnose your ills and treat them in just ninety short, delightful pages.”
—William Bernstein, author, A Splendid Exchange and The Investor’s Manifesto

“Follow the investment strategy advocated by Larry Swedroe, and free yourself to spend your time on life's treasures—like your family and friends!”
—William Reichenstein, professor, Baylor University

“As someone who teaches a college investments course, I would not have thought it possible to do what Swedroe has done in such a short concise book.”
—Edward R. Wolfe, professor of finance, Western Kentucky University

“It's amazing. Larry Swedroe managed to pen a magnificent book not only chock full of actionable advice, but one that's fun to read. Get a copy and treat yourself to a better financial future.”
—Harold Evensky, president, Evensky & Katz

Larry Swedroe is the undisputed expert in helping investors manage portfolios the smart way. His new book, Playing the Winner’s Game, combines all facets of wealth management in an inspiring and powerful manner.”
—Bill Schultheis, author, The New Coffeehouse Investor

Warren Buffet does not invest per the book’s instructions.
Nonetheless this is an excellent book.
This is only book most investors need to read. If you have a little to moderate investing knowledge this book will get you pointed on the most productive direction. From here you just need to keep your hands in your pockets.

- elliot_stewart

Although I have investment experience , I really enjoyed book and have recommended it to folks
that don't have a clue when it comes investing in the stock market.

And the feedback from those with little or no experience has been very positive.

Basically, the author breaks down complicated decision making into a simple to understand format.

You may have to read certain sections twice or so yet if you want to be in the stock market, you can pick up
the basic concepts and general terms to begin taking control of your financial future.

- hazel_nelson

I've read 9 of Larry Swedroe's 12 books, and every one was filled with valuable information from front to back. His latest, "Think, Act, and Invest Like Warren Buffett", is no exception. Larry shares conclusive evidence that backs up Warren Buffett's own recommendation that "by periodically investing in an index fund the know-nothing investor can actually outperform most investment professionals". While it's not impossible for actively managed funds to outperform passively managed index funds, Larry demonstrates that it is unwise to try your luck with actively managed. Larry also covers the importance of a well-rounded financial plan that takes into account your willingness, need, and ability to take an appropriate level of risk for your unique situation. He then takes the reader through various investment portfolio building blocks, as well as portfolio maintenance techniques and tips on working with financial advisors. Toward the end of the book he wraps it all together with his 30 rules of prudent investing, all concisely written and absolutely correct.

Larry Swedroe is a very knowledgeable finance expert, he's tremendously gifted with the written word, and he is a champion of individual investors everywhere. His writing distills key takeaways from the last 60 years of finance research into easily understandable prose. My recommendation: pick up a copy of this easy-to-read book and follow its guidelines for decades to come. You'll be glad you did.

- clare_stewart

I bought this book for my husband. He's read it at least 4 times that I know of

- keegan_rodriguez

I learned something from this book. I have not been a fan of Mr Buffetts politics but i am not voting for him, i am seeking advice, and i think i got good advice on a few items. As a matter of fact after reading the book i called my investor and ask him a few questions that obviously took him by surprise. His response was, "you've been reading something, haven't you?"
my suggestion is that you should be reading something too.

- johnny_rivera

I thought this would be a beginner's guide to the stock market. If you order this, make sure you know all the "language" of the market because the author assumes you do and uses it constantly.

- linda_davis

I have read several of Larry Swedroe's books and found all the others to be quite useful. This book was good, but the tie in with Buffet is a bit of a stretch. It seemed as if Buffet was used as more of a catch to get people to buy it. Swedroe's other books are all 5* in my opinion.

- paisley_hall

More about DFA funds than Warren Buffett. Not Larry's best book, he has written others about the same subject, Index Funds before.

- aria_martin

This book does not contain any buffet investment strategies. This book title only only contain. this not at all book related Buffet.

- deacon_johnson

The title is more than a little misleading ... the focus is not really on Warren Buffett's style but Swedroe's.

- kyle_hernandez

good read

- dakota_baker

To invest one have to think and then act. How to do that you learn here.

- sarah_morris

very good.

- jacoby_wood

I think this is Larry's equivalent of "The Investment Answer", and as such it is a good book for people who have never read any books about investing and want to get started. Having read dozens of these types of books I found it a bit weak in details (though this seems to be the point!), but more importantly doesn't have a whole lot to do with the way Warren Buffet invests (Be very rich, be very smart and very lucky in the first 15-20 years of your investing career. Have billions to take advantage of weakness in the economy and distressed companies. Have your name on its own merit increase the value of shares you purchase. Buy large amounts of highly-concentrated equity positions and hold them forever. There, I just wrote my own short book about investing the Buffet way! I never heard about Buffet as an index investor...).

I am a huge fan of many of Larry's other books, which are more detailed but also very easy to read and give better direction/information. You would be much better off reading "Wise Investing Made Simple", one of my all time favorites!

- brooks_brown

a good book.. the way author explains the ideas of WB sir was good.

- roger_harris

It's really a wonderful backbone- guiding principles for investors !!

- blake_roberts

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