Complete list of articles at Warren Buffett Secrets
Warren Buffett
Introduction to Warren Buffett -The starting page for
Warren Buffett’s investment secrets. Warren Buffet biography - A short look at the
world’s most successful stock investor. Charlie Munger biography - A short look at the life and
investment philosophy of the man considered by Warren Buffett a friend and investment
genius Warren Buffett's investment principles - A
summary of intelligent investment principles explained over the years by the Sage of
Omaha. Five things we like about Warren Buffett
- A few things that we think contribute to his investment success and his reputation for
integrity and character. Warren Buffett's Annual Letter to Shareholders, 2003
Our analysis and summary Warren Buffett and brand names - One of the things that
makes a good company is its brand names. This explains why having a good brand name is so
important. Warren Buffett and understanding a company -
Buying shares in a company is just buying a part of a business. You need to understand the
business before you invest. Warren Buffett on debt - Why successful investors
like buying into companies with financial strength and little debt. Dealing with inflation - The ability of a company
to raise prices to maintain profitability is what distinguishes a non-commodity company
from a commodity one. Sticking to what you know - Company managers
should focus on a company’s core activities and not wander off onto strange paths. Share buybacks - A company can add value to its shares
by buying some of them back, but only for the right reasons. Return on equity - The ability of a company to earn and
increase high returns on its capital is considered by Warren Buffett essential to a share
investment in that company. Price/earnings ratio - Determining the right ratio
of price to earnings of a company can influence the decision to invest or not. Retained earnings - If a company cannot earn more for
shareholders on retained earnings than owners can, it should distribute the profits
instead. Book value - Different intelligent investors have different
opinions about the importance of book value to an investment decision. Company growth - It is not so much the growth in earnings
of a company that is important, it is how they grow, and in what areas. Sound management - Successful investors invest in
companies whose management is sound and honest. Owner earnings - Warren Buffett looks beyond the balance
sheet and concentrates on true owner earnings. The compounding factor Bringing it all together - A summary of the
tests that Warren Buffett is said to apply to a company when considering investment. The right price to pay
Introduction to Benjamin Graham - A short look at the
doyen of security analysts. Biography of Ben Graham - the life of
Buffett's mentor Benjamin Graham's Investment Philosophy - A
summary of the lessons given by the man, among whose disciples include some of our most
successful investors. Mr Market - Benjamin Graham’s parable that explains how
investors should rely on their own judgment, after careful analysis, and ignore the
vagaries of the stock market. The Margin of Safety - Considered by many successful
investors as the key to investment gains. Investors should only buy stock at intrinsic
value but with an inbuilt safety margin.
Case studies
We look at several companies to determine, for our own purposes, whether they are worth
further analysis. Also, we look at companies Warren Buffett has chosen to invest in.
The Incredible Rose Blumkin - new - Rose Blumkin, Warren Buffett, and Nebraska
Furniture Mart. A History of GEICO- new - The story of the company that at various
times atracted the attention of both Warren Buffett and Benjamin Graham Coca-cola Boeing
