巴菲特精华：新经济永恒法则

　　From the bestselling author of The Warren Buffett Way and The Warren Buffett Portfolio comes The Essential Buffett： Timeless Principles for the New Economy. In this fresh take on Buffett's irrefutable investment methods， Robert Hagstrom shows readers how to apply Buffett's principles to technology and international investing using real-life case studies of successful fund managers like Legg Mason's Bill Miller.　Following the Buffett model， Hagstrom explains Buffett's four timeless principles： 1） analyze a stock as a business; 2） demand a margin of safety for each purchase; 3） manage a focus portfolio; 4） protect yourself from the speculative and emotional forces of the market. Then Hagstrom shows how Buffett's thinking can be applied in the new economy， addressing technology investing， international investing， small cap stocks， and socially responsible investing. Perhaps most valuable are Hagstrom's insights into the psychology behind Buffett's focus investing. For the first time， we are given sure-fire guidelines on how to become a winning Buffett disciple.　The Essential Buffett will include convenient sidebars featuring key Buffett ideas， enabling readers to quickly compare Buffett's fundamental tenets.

　　ROBERT G. HAGSTROM is the author of The Warren Buffett Way： Investment Strategies of the World’s Greatest Investor; The Warren Buffett Portfolio： Mastering the Power of the Focus Investment Strategy; The NASCAR Way： The Business That Drives the Sport; an

1　THE UNREASONABLE MAN
　Lesson 1
　Lesson 2
　A Better Yardstick
　Lesson 3
　The Search for Patterns
　Why Has Wall Street Ignored
　Warren Buffett?
　A DiffErent Way of Thinking
2　THE WORLD'S GREATEST INVESTOR
　Investment Beginnings
　The Buffett Partnership, Ltd.
　The Early Days of Berkshire Hathaway
　The Insurance Business
　A Mosaic of Other Businesses
　The Man and His Company
3　LESSONS FROM THE THREE WISE
　MEN OF FINANCE
　Benjamin Graham
　Philip Fisher
　Charlie Munger
　A Blending of Influeces
4　GUIDELINES FOR BUYING A BUSINESS:TWELVE IMMUTABLE TENETS
　Business Tenets
　Management Tenets
　Financial Tenets
　Market Tenets
　The Coca-Cola Company
　The Intelligent Investor
5　FOCUS INVESTING: THEORY AND MECHANICS
　Focus Investing: The Big Picture
　Do the Math
　Modern Portfolio Theory
6　MANAGING YOUR PORTFOLIO:THE CHALLENGE OF FOCUS INVESTING
　John Maynard Keynes
　Charles Munger Partnership
　Sequoia Fund
　Lou Simpson
　Three Thousand Focus Investors
　A Better Way to Measure Performance
　Two Good Reasons to Move Like
　a Sloth
　Fair Warning Label
7　THE EMOTIONAL SIDE OF MONEY
　The Temperament of a True Investor
8　MEW OPPORTUNITLES,TIMELESS PRINCIPLES
NOTES
ACKNOWLEDGMENTS
INDEX