沃伦·巴菲特之路 (2004)

《沃伦·巴菲特之路》（英语：The Warren Buffett Way）是小罗伯特·海格士多姆撰写的投资书籍，讲述了美国投资家沃伦·巴菲特所实践的价值投资的商业和投资原则。简体中文版译者是朱武祥、樊勇。

章节

彼得·林奇序

作者再版前言

第一章、小概率事件

第二章、两位智者

第三章、市场先生与旅鼠

第四章、购买企业

第五章、长期持有

第六章、固定收益证券

第七章、股票投资

第八章、几只好股票

第九章、一个非理性的人

附录、贝克夏·哈斯维公司的投资组合及若干公司股票内在价值估算过程及结果

译后记

主要内容

《巴菲特之路》收集了沃伦·巴菲特投资公司1977年到1994年的年报和若干公司股票的内在价值估算过程及结果。

购买具有良好长期前景的企业

以低于其内在价值的价格购买企业

购买投资资本回报率高的企业

用诚实的管理者管理收购的企业

奖项

1994年出版的第一版销量超过100万册，在《纽约时报》精装非小说类畅销书排行榜上霸占21周。10年后，罗伯特·海格士多姆修订了第二版出版。

拓展阅读

小罗伯特·海格士多姆. 《沃伦·巴菲特之路》. 由朱武祥; 樊勇翻译. 北京市: 清华大学出版社. 2007. ISBN 7-302-02775-7.

The Warren Buffett Way, a book by author Robert Hagstrom, which outlines the business and investment principles of value investing practiced by American businessman and investor Warren Buffett.

Accolades

The first edition, published in 1994, sold over a million copies and spent 21 weeks on the New York Times Hardcover Nonfiction Best Seller list. A decade later, Hagstrom issued a second, expanded edition.

Chapters

The world's greatest investor

The education of warren buffett

"Our main business is insurance": The early days of berkshire hathaway

Buying a business

Investing guidelines: business tenets

Investing guidelines: management tenets

Investing guidelines: financial tenets

Investing guidelines: value tenets

Investing in fixed-income securities

Managing your portfolio

The psychology of money

The unreasonable man

Principles

The principles included:

Purchase businesses with excellent long-term prospects

Purchase businesses at a large discount to their intrinsic value

Purchase businesses with a high return on invested capital

Purchase businesses with honest managers

See more

Look-through earnings

Phil Town

Charlie Munger

Warren Buffett

Benjamin Graham

The Snowball: Warren Buffett and the Business of Life

Security Analysis (book)

The Intelligent Investor

Value investing