Trade Like Warren Buffett

Trade Like Warren Buffett

Posted by jack_miller | Published 7 months ago

With 24 ratings

By: James Altucher

Purchased At: $55.00

"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.
An interesting book which feels like it needed a bit longer in editing. Some chapters speak directly to Buffett's investing, and these are good, but others are left as raw interviews or as a brain dump of unrelated strategies the author favors.

- thea_morgan

Correct item . Thanks

- laney_ortiz

If you are looking for more insight into why Buffett is the best investor evet, then this book will help you understand some of the techniques he has used beyond the traditional 'buy and hold' and value dogma. Buffett has indeed written his own rules. How much this now applies to the individual investor in the modern era is debatable, but a good additional to any investor's library.

- sydney_rivera

Excellent book and service.

- frances_nguyen

A simple depiction of Warren Buffett's methods. Wish the author had gone in more details of the theories involved. The book did not help my trading much. It was more of an informational review than anything else.

- conrad_kim

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 success from current market pricing? These and many other critical areas to one who practices merger arbitrage are not discussed.

While the book is not written in sufficient detail to actually be useful, Mr Altucher did cite many academic studies that I am anxious to read when I have the time. Mr Altucher, you got me. You put "Buffett" in the title and I bought the book.

- marie_gomez

James continues to talk about how he is going to touch on things that warren has done but overall I wasn't really impressed with this book. That said, reading this was useful for building out my mental framework and I do like james altucher.. so buy this book and support him.. just wasn't up to my expectations, that said it wasn't useless like most of the books i read who claim to know things but dont.... so at least there was content here... just not what i expected... i was kind of expecting an in depth analysis of the history of warren buffett and yada yada, but nope... more like a bunch of sideline analysis and parting notes.. but what should have i expected... i guess in retrospect this is what i should have expected.

- braylee_price

If one holds a stock for years and even decades and then sells, is that a trade or an investment? What is the period of holding where a trade can be called an investment?

True, some of Buffett's holdngs are shorter than others, but in a CNBC interview with Ron Insana, he said sure he sells.

- braelynn_ruiz

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