Trade Like Warren Buffett

An interesting book which feels like it needed a bit longer in editing. Some chapters speak directly to Buffett's investing, and these are good, but others are left as raw interviews or as a brain dump of unrelated strategies the author favors.

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I am a Finance MBA and Buffettphile and this book barely held my attention. They did a very poor editing job. The numerous errors detract from the work. A lot of "Buffett-like" and "Buffett-style" speculation but not so much Buffett.The book is lacking in too many areas to illustrate them all. I'll use the chapter on merger arbitrage as an example. Mr Altucher mentions some studies on merger arbitrage and how you can improve your success rate. He completely fails mention Graham's criteria for entering a merger arbitrage transaction as stated in the Intelligent Investor. The criteria are annualized 20% expected return and an estimated success probability of 80% or greater. Buffett probably still uses these. His overall treatment of merger arbitrage is woefully superficial. Anyone can calculate the return on capital if the merger succeeds. How do you determine the expected return on capital if the merger fails? How can you determine the implied probability of success from current market pricing? These and many other critical areas to one who practices merger arbitrage are not discussed.While the book is not written in sufficient detail to actually be useful, Mr Altucher did cite many academic studies that I am anxious to read when I have the time. Mr Altucher, you got me. You put "Buffett" in the title and I bought the book.

Excellent book and service.

If you are looking for more insight into why Buffett is the best investor evet, then this book will help you understand some of the techniques he has used beyond the traditional 'buy and hold' and value dogma. Buffett has indeed written his own rules. How much this now applies to the individual investor in the modern era is debatable, but a good additional to any investor's library.

A simple depiction of Warren Buffett's methods. Wish the author had gone in more details of the theories involved. The book did not help my trading much. It was more of an informational review than anything else.

James continues to talk about how he is going to touch on things that warren has done but overall I wasn't really impressed with this book. That said, reading this was useful for building out my mental framework and I do like james altucher.. so buy this book and support him.. just wasn't up to my expectations, that said it wasn't useless like most of the books i read who claim to know things but dont.... so at least there was content here... just not what i expected... i was kind of expecting an in depth analysis of the history of warren buffett and yada yada, but nope... more like a bunch of sideline analysis and parting notes.. but what should have i expected... i guess in retrospect this is what i should have expected.

I don't think that many people see Buffett as a trader. Most view him as a long-term investor who buys companies that possess competitive advantages and holds them forever. However, the author points out that Buffett has used many different investment strategies such as cigar butt, value investing, special arbitrage situations, workouts, distressed debt, merger arbitrage, and spin-offs. This book covers all of these strategies. So those who are looking for the classic Warren Buffett buy-and-hold strategy might find it disappointing.He made pretty good money using other strategies, but unfortunately many of these opportunities do not exist in the same way as they did years ago. The reason for this is the Internet and the growing number of hedge funds exploiting these same opportunities. I found it interesting to learn how Buffett evolved as the financial environment was changing. I think that Buffett's experience with so many investment strategies gives him an edge over other money managers because it makes him well-rounded.- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market