Sunday, September 22, 2013

My Review of "Warren Buffett's 3 Favorite Books"

5 out of 5 stars.....

Should be read by any serious investor, beginning or even experienced for refreshing one's knowledge. The book focuses on long-term value investing with stocks. But, even if one is a speculator with short-term thinking, I think such a person could benefit because this is such a good, including concise, presentation.

The author shows how to value a stock and best time for a purchase and sale. Rather than go into all the stock financial terms/data covered, I'll just mention one because if a reader just remembers one way to value a stock, I think makes the book worthwhile: PE * (Price / Book Value) < or = 22.5 to be considered a good value. Sure, other data should be weighed, but a pretty good starting point in selecting a stock for further research.

Also included in the book are links to very good videos, to enhance understanding concepts in the book.

Excellent stock investing book!