Buffett Beyond Value: Why Warren Buffett Looks to Growth and Management When Investing

Summary

According to author Prem Jain, Warren Buffett's investment strategy can be succinctly classified as a combination of value and growth investment styles.  To accomplish growth while maintaining value, he emphasizes the importance of the people who manage companies rather than the companies themselves. In this book, Jain expands upon Buffett's annual letters to Berkshire shareholders (thousands of pages over the last 43 years) and uncovers the key elements that every investors should know. Readers will learn that, contrary to popular beliefs, Warren Buffett is not a pure value investor - Buffett's strategy includes principles of both value and growth strategies. They will learn why CEOs and others managing companies are more important than financial metrics or industry affiliations, as well as why appropriate psychological temperament is necessary to be a successful investor. They also will learn how Buffett thinks differently from others about portfolio diversification, market efficiency, and corporate governance.