The Warren Buffett Way

Robert G. Hagstrom's account explains the value investing principles Warren Buffett applies to business and investment decisions. It traces Buffett's education and career, the early days of Berkshire Hathaway with its focus on insurance, and the major stocks behind his record, along with why he bought them. Chapters set out his investing guidelines as tenets about a business, its management, its finances and its value, and also cover fixed-income securities, portfolio management and the psychology of money. Peter S. Lynch wrote the foreword. The first edition sold more than a million copies and stayed on the New York Times hardcover nonfiction list for 21 weeks, and a second, expanded edition followed a decade later.

Grant Cardone singled out its close analysis of Buffett's main investments from his early partnership years, calling it strong material for anyone trying to follow his approach. Mohnish Pabrai called it a good first book on Buffett.