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The Warren Buffett Way

3rd Edition
Written by: Robert Hagstrom
Narrated by: Stephen Hoye
Length: 10 hrs and 31 mins
Categories: Business & Money, Careers
4.5 out of 5 stars (122 ratings)

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Publisher's Summary

Warren Buffett remains one of the most sought-after and watched figures in business today. He has become a billionaire and investment sage by buying chunks of companies and holding onto them, managing them as businesses, and eventually reaping huge profits for himself and investors in Berkshire Hathaway. The first two editions of The Warren Buffett Way gave investors their first in-depth look at the innovative investment and business strategies behind the spectacular success of living legend Warren E. Buffett. Tracing Warren Buffett's career from the beginning, Hagstrom told listeners exactly how, starting with an initial investment of only $100 Buffett built a business empire and has an estimated net worth of $44 billion. The Third Edition of The Warren Buffett Way will focus on the timeless principles and strategies behind Buffett's extraordinary investment success. There will be new chapters on the important distinctions between investment and trading and an examination of the most successful disciples of Warren Buffett. Some less important material will be deleted and the overall focus will be to create an edition that will stand the test of time, distilling Buffett's success formula in a way that will provide value to listeners for decades to come.

©2013 Robert G. Hagstrom (P)2013 Random House

What members say

Average Customer Ratings

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  • PS
  • 14-12-18

Great book for amateur investors to avoid pitfalls

This book gives lot of insights on how Warren Buffet thinks about investing and which strategy to adopt when you are investing for first time. It also provides details on how warren buffet selects companies to invest in and what are the criteria they fulfill before they qualify

8 of 9 people found this review helpful

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nice book overall

there is a lot to remember in this book. Kindle version would be better to highlight.

1 of 1 people found this review helpful

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Loved this great piece of work on Warren Buffett

What a learning. One shd read this book nth no of times. I am grateful to read it.

1 of 1 people found this review helpful

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Primer/ Guide for the interested

This is a wonderful book,. an apt guide for anyone who wants to learn more about value and fundamental investing.
Buffett's investment philosophy is unique, simple and rewarding is a known truth, but still people want to continue to know about his methods.
What this book does is brings into focus all important decisions made by Buffett and the reasoning behind them and goes on to corrolarise why has his methods worked.
The additional details on Buffett's thought shapers - Benjamin Graham, Philip Fisher and Charlie Munger makes it just the best book for anyone who wants to unlearn and relearn investing in shares.

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Insightful & Enriching

This is one book that teaches the importance of patience. It will not guide you of how you can become Warren Buffet but tell you how a simple man from simple means became what he is today.

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The Audio Quality is Bad

The Audio Quality is Bad compared to other books I have listened so far, I saw the ratings and went ahead with the book. Rest it is okay, however the major part of a audio book is audio.

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eye opener

it's a must read for aspiring investors. truly eye opening and easy to understand idea.

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Most lucid explaination of Mr Buffet's investing.

One of the best audio books for those interested in investing.
Narrator was really superb.

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Really the greatest investor

Warren Buffet is undoubtedly the greatest investor that history has seen. The principles he followed are open secret, still most can't emulate them...

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A inside to buffett..... Investing style...

It's funn to learning how buffett became wealth ear than God. Every body can do that if u do the things correctly, at last remove ur emotions while making decisions which will increase ur rate of success...

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  • Kevin Martin
  • 25-10-15

Suggest getting the print copy.

The book is more like a manual or text book so having a print copy will help with the various formulas and key points.

19 of 20 people found this review helpful

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  • Jon
  • 17-05-14

Not for the casual listener

This book wasn’t for you, but who do you think might enjoy it more?

Someone who is very serious about reading financials and sincerely wants to do what is takes to try to beat the indexes.

You didn’t love this book... but did it have any redeeming qualities?

Yes, it dissected the elements of success behind Buffett's singular success. The author established a rubric and measured some of Buffett's key investments against this.

16 of 19 people found this review helpful

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  • Cooking time
  • 26-11-16

Practical as well as informative

Last couple chapters do case reviews of companies Warren invested in and why. Spares us of meaningless childhood memory details. Gets into the meat of evolution of Warren 's investing principals. Very practical if you want to think & invest like Warren.

3 of 3 people found this review helpful

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  • popsy
  • 21-09-17

very good

very understanding need paper and pencil to compute calculations and write down pointers buy it

2 of 2 people found this review helpful

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  • Tecumseh
  • 19-08-17

Priceless advice

A must for any investor and it saves you a lot of money for all this education sales pitches on investing

2 of 2 people found this review helpful

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  • Sumudu
  • 10-04-16

Great for those willing to learn from the best!

Great book on the tenants of Buffett's investing style as well as the history behind it. I really enjoyed how the book not only encompasses his story but also demonstrates the ideas of his own inspirations and idols as well as demonstrate important tenants from Behavioural Finance and comparisons to currently taught finance models. I guess the only caveat is that this is not a book for complete beginners as not all terms are spelt out for you. Definitely recommended for those who know at least a bit about investment/financial terminology and ideas.

2 of 2 people found this review helpful

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  • Doug Landrith
  • 29-12-16

very very very dry book

It's a book on long-term investments in the stock market, follow the tenants of Warren Buffett. I didn't expect it to be very entertaining. but the book could have been much shorter had the last three chapters not been inserted for their Dickenson pay per word value, since they repeated earlier concepts introduced in the book. Although, the biographical chapters on Mr. Buffett were a nice addition.

4 of 5 people found this review helpful

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  • Jacqueline Samsel
  • 18-04-15

Not for a new investor

it was worth listening to but I found that their was a lot of number talk in the book that sometimes made it difficult to follow. but if you wanna know more about Warren Buffet then read this book.

4 of 5 people found this review helpful

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  • Venkatesh V
  • 07-08-18

One of the best book on Warren Buffett

There are tons of books in market on Warren Buffet but this one is the best. Author ensured the content is very specific and provides WB business analysis. Many other pictures depict WB as if some fancy movie character. But this one has filled with wisdom to take home.

1 of 1 people found this review helpful

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  • Amazon Customer
  • 01-06-18

Open to learning

If you are open to learning how the successful people think it’s a great read!! I truly enjoyed the book and read it again.

Thank you for writing the book.

1 of 1 people found this review helpful

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  • jules380lion
  • 19-10-15

Inspirational book that can change your life

I love it. Should have listened to this already. I am sure going to be listening to it over and over again.

10 of 11 people found this review helpful

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  • hksdhds
  • 04-03-18

Great book. Wrong medium. Missing notes

The book is great but there is a fair amount of subtle math involved and I had to pause/rewind quite often so probably it’s not the best format for the book.

Also, don’t know if it’s normal but the notes at the end are not read. I suppose it’s normal.

Only problem with that is that when I was reading my paper copy the notes included important clues about the math involved in the valuation of companies.

4 of 4 people found this review helpful

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  • toje
  • 21-03-15

Loved it!

Loved it. I am completely a novice investing in stocks and this was great to engage my analytical mind.

4 of 4 people found this review helpful

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  • Midnight Chance
  • 23-06-17

Fascinating insight into value investing

I'm brand new to investing and the stock market so there were a lot of lessons for me in this book. It took me a while to get used to the narrator. He is quite monotonous but the content is interesting so it's worth listening and paying attention.

2 of 2 people found this review helpful

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  • mp
  • 05-01-15

A phenomenal book

Thus is the best ever book about Warren Buffett and his investing mastership. I love it. Every single word. Just read and use. A marvellous job of the author .

5 of 6 people found this review helpful

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  • MILOS
  • 22-06-16

Absolutely amazing and motivational

Great story through the life of Warren B., his first stocks and investments, and his performance in Berkshire hathaway! Very educational with the impact of Warren Buffet' s mentors😉 I recommend it to everybody who wants to see the real performance of the stock portfolio rather than speculation.

4 of 5 people found this review helpful

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  • LC
  • 13-09-18

Complete overview with real examples

Gives a fill overview of how Warren Buffett approaches investment. Clearly explained with real examples.

1 of 1 people found this review helpful

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  • Patrick
  • 10-10-15

Thanks

I love it. and i won't mind reading it again and again. Thanks and hope to listen again.

3 of 4 people found this review helpful

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  • Anonymous User
  • 01-08-19

A way applicable to any serious investor

It is no limited to the vastly wealthy, it's a way that can be applied only if you commit to applying it.
I am certainly going to take this to heart as I go on my investment learning journey

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  • LettieM
  • 12-06-19

Interesting

I definitely enjoyed listening to this audiobook. It provides a different view on investing. Some of the numbers went over my head a bit, but it wasn't impossible to understand if maths isn't your strong point

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  • Anonymous User
  • 22-01-19

Insightful and lots of take away learnings

This book won’t make you rich just like a book on soccer won’t make you play in the premier league but it has definitely taught me how to be smarter with my shares and what to look for when investing in the future.
Great narration and flow.

2 of 2 people found this review helpful

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  • Caidz
  • 17-10-18

Narrator made this a struggle to listen to, refunded. It's a great story but couldn't get through the whole thing.

2 of 2 people found this review helpful

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  • Bradley
  • 16-12-16

Great advice

Well presented advice and easily understood by non technical investors. Reading is clear and interesting to listen to for the entire book.

2 of 2 people found this review helpful

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  • Amol
  • 14-11-16

Changed my thinking

I am definitely influenced in the way to invest or to look at investing altogether.

1 of 1 people found this review helpful

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  • Nav
  • 18-05-15

A must listen/read

An awesome listen... if you're not a numbers person (like me) it can get a bit confusing at times but overall the principles and general ideas are conveyed very well.

Keep your Notes App open while you listen or a pen and paper will do...

7 of 11 people found this review helpful

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  • Deepak Kumar
  • 02-09-19

Must read for every investor

Lots of learning.. Specially through the examples from Buffets investment which was explained with each of his investment tenants and principles

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  • Anonymous User
  • 21-08-19

For me, it was bland listening.

Factual, but monotonous in delivery.
Kind of reminded me of the teachers voice in Charlie Brown cartoons with no tonal variations.

Actually quite disappointed with this book as I anticipated so much more.

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  • Wayne Wang
  • 20-02-19

great fundamentals to invest by

A lot of great fundamental principles to invest by. Only downside to this book is that some parts are a bit long winded and repetitive.

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  • Brett Miell
  • 19-07-18

Investment lessons worth learning early

I got a lot out of this and would recommend it to others wanting to gain an insight into the worlds most successful investor. Well narrated and good flow as it outlines Buffett's career and presents examples of his investment techniques and methods. The book details the key decisions and goes into how he chooses the companies Berkshire Hathaway invests in. My only criticism is some of the formulas presented would be better seen on paper rather than read aloud in an Audiobook.

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  • Anonymous User
  • 24-05-18

Best book on Warren Buffett

Reading this book, you will soon come to realise that some of the world best have mastered the simplest techniques and live by them.