This preview shows page 1. Sign up to view the full content.
Unformatted text preview: ng), 2003.
Reynolds, Simon. Thoughts of Chairman Buffett: Thirty Years of Unconventional Wisdom from the
Sage of Omaha. (Collins), 1998.
Steele, Jay. Warren Buffett: Master of the Market. (Harper Paperbacks), 1999.
Train, John. The Midas Touch: The Strategies That Have Made Warren Buffett America’s Preeminent
Investor. Reprint ed. (HarperCollins), 1988.
Investor Question 7: Investment Philosophy
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
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
o market inefficiency?
View Full Document
This document was uploaded on 01/15/2014.
- Fall '14