101 Reasons to Own the World's Greatest Investment: Warren Buffett's Berkshire Hathaway - Hardcover

Miles, Robert P.

 
9780471411239: 101 Reasons to Own the World's Greatest Investment: Warren Buffett's Berkshire Hathaway
Hardcover
ISBN 10: 047141123X ISBN 13: 9780471411239
Verlag: John Wiley & Sons Inc, 2001

Inhaltsangabe

Discover why the model-investment-firm-turned-household-word is the perfect investment--for virtually anyone Robert Miles is a successful entrepreneur, business owner, and investor who believes that everyone can be a smarter investor regardless of background, education, and income. In fact Miles says that one investment is ideal for virtually everyone to own--Berkshire-Hathaway. Miles has attended the annual shareholders meeting for years, has met Warren Buffett, and is considered a company "insider" and Berkshire-Hathaway expert. In 101 Reasons to Own the World's Greatest Investment, Miles offers his insights into what makes Berkshire-Hathaway so profitable and why shareholders get such value for owning the stock. Among his explanations: Berkshire-Hathaway is run sensibly and frugally by Buffett--there are no lavish corporate head-quarters or extravagant spending by company executives. The company invests in companies it determines will produce steady profits for the shareholders rather than those companies with a history of erratic performance. This accessible, well-researched look at the leading company's investment strategy has received an "unofficial" endorsement by Buffett himself. Robert P. Miles (Tampa, FL) is an entrepreneur and owns a small business. He is a graduate of the University of Michigan Business School, has been an active shareholder of Berkshire-Hathaway for a number of years, and is frequently asked to speak to other investor groups about Buffett.

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Über die Autorin bzw. den Autor

ROBERT P. MILES is an entrepreneur, investor, and small business owner based in Tampa, Florida. He is a graduate of the University of Michigan Business School and has been an active shareholder of Berkshire Hathaway for many years. Mr. Miles is an acknowledged expert on the Warren Buffett way.

Von der hinteren Coverseite

PRAISE FOR101 Reasons to Own The World's Greatest Investment

"Robert Miles clearly understands the company well."-Warren Buffett

"Every Berkshire follower should be interested in this book."-Alice Schroeder, insurance analyst Morgan Stanley

". . . a great learning tool for investors will inspire you to learn about great companies and become engaged in your own financial future."-From the Foreword by David and Tom Gardner Co-Founders of The Motley Fool, Fool.com

Aus dem Klappentext

"It took me thirty years of doing everything else first before I found Berkshire. My intent is to share my experience to help you reach your goal much faster."-Robert P. Miles

Much has been written about the "Sage of Omaha," Warren Buffett, and the philosophy that made him the most successful investor in history. Yet very little has been made public about Berkshire Hathaway, the NYSE publicly traded investment vehicle that is the hub of Buffett's financial empire. With this book, longtime shareholder and acknowledged Berkshire Hathaway expert Robert P. Miles fills that gap for investors.

With the second largest net worth in the world, Berkshire Hathaway's $100 billion- plus market value currently surpasses that of such blue-chip giants as Dell, Home Depot, AT&T, Disney, Ford, Gillette, American Express, McDonald's, and GM. Over the past two decades, Berkshire Hathaway has consistently outperformed the S&P Index by approximately three-to-one, and, not only has the company never posted a negative return, it has achieved double-digit performance in all but four years since 1965. Thirty years ago, a hundred shares of Berkshire Class A Common Stock cost less than $1,000. Today, that same hundred shares is worth over $7 million. Although Berkshire Class A (NYSE:BRK.A) is the highest priced stock on the NYSE, Berkshire Class B shares (NYSE:BRK.B) are now available for 1/30th the price.

What is the secret behind Berkshire's phenomenal success? How is it possible that a relatively obscure company, held by fewer than 20,000 registered shareholders and managed by Buffett and an administrative staff of twelve employees, consistently outperforms the top mutual funds by a wide margin? In 101 Reasons to Own the World's Greatest Investment, Robert Miles provides complete answers to these questions. He takes a close look at the Buffett philosophy, and he provides a unique insider's view of the inner workings of Berkshire Hathaway. Among other little-known facts, you'll learn about the "hidden" pool of capital in Berkshire-owned insurance companies, why the General Re purchase was such a sensational success, the huge advantages of Berkshire's cost-free float, and much more.

101 Reasons to Own the World's Greatest Investment is much more than a paean to the company that Warren Buffett built. Robert Miles shares the lessons he learned on his thirty-year personal journey as an investor. A successful entrepreneur and investor who believes that everyone can be a smarter, more successful investor, regardless of background, education or income, he openly shares his failures and triumphs on the road to becoming a member of the Berkshire family. And he provides valuable guidance on how to follow Warren Buffett's example and become a savvier, more successful investor, whether or not you decide to become a Berkshire Hathaway shareholder.

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Verlag
John Wiley & Sons Inc
Erscheinungsdatum
2001
Sprache
Englisch
ISBN 10 
047141123X
ISBN 13 
9780471411239
Einband
Tapa dura
Anzahl der Seiten
272
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
Nicht verfügbar

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