The Warren Buffett Portfolio

The sequel to the New York Times bestseller The Warren Buffett Way reveals how to profitably manage stocks once you select them

Staking its claim on the New York Times Bestseller list for 22 weeks, The Warren Buffett Way provided readers with their first look into the strategies that the master uses to pick stocks. The follow-up to that book, The Warren Buffett Way Portfolio...

The sequel to the New York Times bestseller The Warren Buffett Way reveals how to profitably manage stocks once you select them

Staking its claim on the New York Times Bestseller list for 22 weeks, The Warren Buffett Way provided readers with their first look into the strategies that the master uses to pick stocks. The follow-up to that book, The Warren Buffett Way Portfolio is the next logical step. It will help readers through the process of building a superior portfolio and managing the stocks going forward.

Building and balancing a portfolio is arguably more important than selecting any single stock. In The Warren Buffett Portfolio, Robert Hagstrom introduces the next wave of investment strategy, called focus investing. A comprehensive investment strategy used with spectacular results by Buffett, focus investing directs investors to select a concentrated group of businesses by examining their management and financial positions as compared to their stock prices. Focus investing is based on the principle that a shareholder's return from owning a stock is ultimately determined by the economics of the underlying business.

Using this technique, Hagstrom shows how to identify lucrative companies and manage investments synergistically for the best possible results. The Warren Buffett Portfolio draws on the collective wisdom of Warren Buffett and other mavens of focus investing, including economist John Maynard Keynes and investors Philip Fisher, Bill Ruane of the Sequoia Fund, and Charlie Munger, Vice-Chairman of Berkshire Hathaway. It clearly outlines the strategies and philosophies of focus investing and illustrates how to implement them effectively.

罗伯特・哈格斯特朗（Robert G．Hagstrom）莱格・梅森集中资产公司（Legg Mason Focus Capital）副总裁兼总经理。著有《沃伦・巴菲特的投资方略》（The Warren Buffett Way）及《纳斯卡尔方略；推动体育的商业》（NASCAR Way The Business That Drives the Sport）两本畅销书。