Accounting
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An essential book for ABC and SAP practitioners
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Highly Recommended!
The Rosetta Stone of InvestingSecurity analysis and the study of investment theory should hopefully culminate in one finding and understanding the greatest vehicles for investment success. Robert Miles has made the investment process that much easier with his illumination of Berkshire Hathaway. I have probably read 90% of the material ever written by Warren Buffett or about Warren Buffett and Berkshire Hathaway and this is as comprehensive as it gets. This is not just a book about Berkshire but a personal journey that identifies and understands the key ingredients of a successful investor. Berkshire Hathaway's outstanding long term performance should lay to rest academia's fascination with the efficient market theory. I believe that any stock investment made should be measured against the returns of Berkshire. This will eliminate many investment mistakes, heartaches and be very rewarding financially.
Robert refers to Warren's annual shareholders letters as the only investment book and advice that you will need. They represent the summit of investment thought from the greatest investor who has ever lived. Geico, Washington Post represent Warren's "ideal" of compounding tax free as long as possible. Shareholder's evidently take Warren's long term buy and hold strategy of stock investing to heart as share turnover in the company is a minuscule 3% a year. Ten thousand dollars invested in Berkshire seventeen years ago would be worth over one million dollars now.
Robert Miles openly shares his failures and triumphs of his 30 year journey of stock investing with the decisive point his investment in Berkshire Hathaway. Ultimately, investing is a reflection of one's character developed over the years and Robert understands the traits of a successful investor and vividly portrays them in this book.
Thanks for the great book Bob.
Reason 102: buy 101 and invest with confidence
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Made the difference !Comments:
You are a treasure to our community. Thank you for guiding and educating in your special way. I wish you continued blessings and success.
The only book I have been able to UnderstandComments:
Great book. I gave a copy to my sister for Christmas, I thought the New Year is a great time to start making the move to financial freedom.
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Just the book I needYou are a treasure to our community. Thank you for guiding and educating in your special way. I wish you continued blessings and success.