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Publishing reynolds simon thoughts of chairman buffett

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Unformatted text preview: ng), 2003. Publishing), Reynolds, Simon. Thoughts of Chairman Buffett: Thirty Years of Unconventional Wisdom from the Sage of Omaha. (Collins), 1998. Sage (Collins), Steele, Jay. Warren Buffett: Master of the Market. (Harper Paperbacks), 1999. Steele, Warren (Harper Train, John. The Midas Touch: The Strategies That Have Made Warren Buffett America’s Preeminent Train, Investor. Reprint ed. (HarperCollins), 1988. Investor Question 7: Investment Philosophy Question Most views consistent with standard finance theory: Economic reality (not accounting reality) Account for the cost of the lost opportunity Align interests of agents and owners Align Focus on the time value of money, and intrinsic value creation Focus Question 7: Investment Philosophy Question But some views seem inconsistent with finance theory: Risk and discount rates Diversification Diversification Some views seem partially consistent: Invest based on information and analysis, not hunches Invest o market inefficiency? market...
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