In
Warren Buffett: Inside the Ultimate Money Mind
, Hagstrom breaks new ground with a deep analysis of Buffett's essential wisdom, an intricate mosaic of wide-ranging ideas and insights that Buffett calls a Money Mind.
What exactly is a Money Mind? At one level, it's a way of thinking about major financial issues such as capital allocation. At another level, it summarizes an overall mindset for successfully investing in today’s fast-paced stock market, a mindset that depends on a commitment to learning, adapting, and facing down irrelevant noise.
This is not a method book. It is a thinking book.
explains the philosophies of self-reliance, stoicism, rationalism, and pragmatism and their contributions to making intelligent investment decisions. It also outlines the evolution of value investing, discusses how to develop a business-driven investing mindset, and describes the defining traits of successful active management. Lastly, it examines the surprising aspects of a Money Mind – sportsman, teacher, and artist.
In short,
helps readers understand the building blocks that go into making a Money Mind so they can begin to incorporate its principles in the service to a life of value.
Testimonials
"An erudite masterpiece..."
–Lawrence A. Cunningham
, author; professor and director, Quality Shareholders Initiative, George Washington University
"It's another must-read…"
–Bethany
McLean
, journalist and Contributing Editor,
Vanity Fair
, author,
Saudi America
and co-author
The Smartest Guys in the Room
"Pure Genius! This is a game changer in investment books..."
–
Robert P. Miles
, author; Executive in Residence, University of Nebraska at Omaha, Executive MBA Program, 'The Genius of Warren Buffett'
"Effervescence and thoughtful analysis of Buffett's life and work..."
Tom Gayner
, Co-chief Executive Officer, Markel Corporation
"Hagstrom's books always enable readers to think about the world in new ways…"
Tren Griffin
Charlie Munger: The Complete Investor