Forum Archive Index - July 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Tony,
 
>
> Anyone got Buffettology workbook, or other useful buffet books
>  to sell me?
> 

Yes I have the 'Buffettology Workbook', by Mary Buffett and 
David Clark published in 2001  (ISBN 0-684-87171-8)
and no you can't have it ;-).

'Buffettology Workbook' covers similar ground to 'Buffettology' but in 
shorter snappier chapters concentrating on core points.   I think when 
Gerry drew up the recommended reading list for the 'Learning to 
Invest' series right here on 'Sharechat', that the 'Buffettology 
Workbook'  was favoured over the other Buffettology books.

Since that list was printed, another book "The New Buffettology", also by 
Mary Buffett has hit the bookstands, at least in the US.  I haven't seen
 this book 'in the paper' but if any sharechat readers have read it I 
would be interested in your views.

Perhaps most comprehensive and usful of all  might be the book 
written for the Australian market around Buffettology principles.    The 
book is:

"A Wonderful Company at a Fair Price" by Brian McNiven
ISBN 0-7016-3655-6.  This book has been pre-publication 
reviewed by Buffett himself!

This book was published in 2002 by 'Wrightbooks'.    Inexplicably
 I haven't seen McNiven's book in any New Zealand bookshop.
 So maybe there is an opportunity for the 'sharechat' sister site
 'goodreturns' to get some of these books and start distributing
 them here?

I have a library copy I am looking at right now, and McNiven's  
certainly has a good swipe at a few Australian sacred cows!

On balance I would say 'Buffettology Workbook' is still number one
for an introduction to the general idea of investing like Warren Buffett.
'Buffettology Workbook'  is easier to read straight off, highlighting 
basic principles and doesn't get bogged down in any mathematics 
until the second half.   Nevertheless it is worth ploughing through 
the mathematics in 'BW' as you do need to understand that if you
 want to be able to value a company like Buffett does.
 
 By contrast McNiven throws you in at the deep end and assumes 
quite a good knowledge of accounting buzzwords.    But this is 
no criticism of McNiven's book, just a statement that it is a little 
more advanced and goes into more detail.

I would recommend buying both books.   If you read and 
understand the 'Buffettology Workbook' (and ignore the bit 
in the second half of the book where they say you need a special 
calculator -  any financial calculator will do),  then you will find 
tackling McNiven's book is easy, and worthwhile!

HTH

SNOOPY





 --
Message sent by Snoopy 
on Pegasus Mail version 4.02
----------------------------------
"Sometimes to see the wood from the trees, 
you have to cut down all the trees."




----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/