Book Review – The Warren Buffett Way by Robert Hagstrom

Warren Buffett is arguably one of the best businessmen ( Public Relations Melbourne ) and investors to ever live. His drive to make money and turn that into more money started when he was a little boy, and has turned him into one of the richest men in the world. His estimated worth is approximately 30-40 billion dollars, and that is after he donated billions of dollars to the Bill and Melinda Gates Foundation.

A majority of books have been written about Buffett and his types of operating commerse,however,a majority of these authors are simply making effort to sell mediocre books and make money. Nevertheless,Hagstrom has written a book that captures Buffett’s life as CEO of Berkshire Hathaway and how he goes on to gain corporations either through purchasing stock or purchasing the corporations straightforwardly. Hagstrom does not delve into Buffett’s personal life much; this book is mostly about business ( PR agency ) and money.

After a forward and preface by the author, Bill Miller, and Kenneth L. Fisher, the reader gets a feeling of how Warren Buffett is an excellent man and even praises this book himself. Chapter one is titled, “The World’s Greatest Investor.” This chapter gives you a snapshot of Buffett and his life of investing. It is almost a mini-biography that takes you from his birth in Omaha, Nebraska where he was reading stock market analysis books at age eight, to billionaire CEO of Berkshire Hathaway. He has been in charge of several companies along the way such as The Buffett Partnership, Ltd.,and a majority of his adventures are clearly folded in this chapter.

The second chapter is titled, “The Education of Warren Buffett.This section of the book is aimed, who has taught and Warren Buffett, who is now in the economic world. The most important and significant thing is Benjamin Graham. He is regarded as the most significant man in history according to financial analysis and wrote The Intelligent Investor in 1934 which is still a bestselling financial analysis book. Another man who had a huge influence on Buffett was Philip Fisher, who taught him that management ( Publicity PR ) in a company is extremely important. Fisher taught that an enterprise can’t be successful without excellent leadership. The other two men mentioned who had a large influence were John Burr Williams and Charlie Munger.