Trade Like Warren Buffett

by James Altucher

Book Overview

"Trading is notoriously tough. But Altucher's new book adds a noteworthy addition to the library on Warren Buffett. He shows a lot of Buffett that isn't readily available in the existing common literature. Definitely required reading for any serious Buffett buff."
-Kenneth L. Fisher, Forbes' "Portfolio Strategy" Columnist Founder and CEO, Fisher Investments

"Finally, someone blows apart the myth that Warren Buffett is a buy-and-hold investor...

• Format: Hardcover
• Language: English
• ISBN: 0471655848
• ISBN13: 9780471655848
• Release Date: February 2005
• Publisher: Wiley
• Length: 256 Pages
• Weight: 1.00 lbs.
• Dimensions: 1.0" x 6.3" x 9.2"

Customer Reviews

Altucher's best work.

Trade Like a Hedge Fund and Super Cash are both brilliant books, with innovative ideas. However, this book is well researched and offers unique insight on Warren Buffett, showing us that Buffett is far more than what the media portrays him as in his investment style, which is, namely buy and hold forever, and diversify. Buffett is a focus value investor, who is not beyond engaging in event driven plays such as risk arbitrage, which this book covers rather well. In addition, he also ran one of the earliest hedge funds before they were even called hedge funds. A brilliant piece of work.

Excellent Read

I very much enjoyed reading this book. I have read many of the books about Buffett and this is definitley one I would recommend to anyone who is interested in gaining a deeper understanding of Buffett's investment philosophy. Too many people believe Buffett just "buys and holds" companies like Coke and Gillette, but that is a long way from the whole story. This book details many of the strategies Buffett employed through out the years. The author does an excellent job discussing why Buffett used the startegies and about where Buffet was in his career that made him able to do those sorts of trades. I also think it was good how the author was able to point out certain principals Buffett maintains regardless of what kind of trade he is making. "Trade Like Warren Buffett," is an excellent read and I highly recommend it.

A Must Read For All Investors

I have read several books about Warren Buffet and this was the best. The way the author drilled downed on many actual investments and investing techniques that Warren uses was very helpful to this investor. I read this book in one weekend, couldn't put it down. I have been managing money for more than a decade and found this book very educational and a breeze to read. I highly recomend it any investor or anyone who wants a better understanding of one of the greatest investors of all time.

Glad I Bought It

I was first exposed to James Altucher's work on theStreet.com and have always found his articles to be worthwhile. "Trade Like Warren Buffett" is no different. Mr. Altucher's concise observations and comfortable writing style make this book a fun, fast read. People who have had little exposure to Buffett literature beyond the endless magazine cover stories will see that he is at heart an extremely ambitious and competitive investor who is not above making a quick trade, timing the market or relying at least in part on anecdotal evidence when buying a stock. But even though Mr. Altucher makes short work of the "buy and hold forever" myth that surrounds Buffett, he clearly respects Buffett's prowess and accomplishments. I particularly liked the examination of Buffett's current stock holdings and the stories from his early investing career. And there are a couple of interviews with money managers that provide good perspective. It was a little frustrating to read about all the investing opportunities that Buffett has taken advantage of over the years but that no longer exist. However, it was also nice to learn that Buffett has made mistakes too.

Unrivaled account of Buffett's secret to success

"Trade like Warren Buffet" is a superbly organized and well written account of the history of Warren Buffet along with his personal secrets to his financial success. Altucher gives you everything about Buffet, from his personal background, his earlier years as an investor, what he holds, and what TRADING strategies he has used throughout his legendary career. "Trade Like Warren Buffet" is written in a way that enables the reader to easily benefit from the comprehension of Buffets unique trading styles and techniques. This book has given me a fantastic view of Warren Buffet "The Trader" and a better understanding of Warren Buffet "The Man." I was recently privileged enough to see Mr. Altucher speak in person. His ability to demonstrate his knowledge of Warren Buffet's "trading" prowess as well as his analysis of the financial markets is outstanding. The only substitute to seeing him speak is reading this book. This book is a MUST READ for any level of trader, investor, financial planner or Warren Buffet enthusiast