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Rating: 
Summary: For those who just can't get enough Buffett
Review: ...like me. I know that this is just basically a rewrite of the original "Buffettology" with updated numbers, but I thoroughly enjoyed it. The book is even broken up like the original, with a descriptive first section and a math oriented second section. I would have like to see more company examples in the second section and a smaller descriptive section, though.If you have the original "Buffettology" there's really not a lot new here, so it could be an alternative for someone who has not been exposed to the original.
Rating:
Summary: I loved this book
Review: Mary Buffett's second book on her former father-in-law's investment techniques is a big disappointment. Most of the chapters in this second books are a complete re-write of her first offering. Each chapter ends with a few rather simplistic questions, and a review of each chapter "key points". Many if not all of the same mistakes - both financial and grammatical are repeated in this second book. Unlike her first book - Buffettology - Mary Buffett does include a few case studies at the end of the book as they relate to actual stock purchases by Warren Buffett. Beginner and serious devotees of Warren Buffett's investment style are better served with her first book, or better still by reading Warren Buffett's letters to shareholders or any of the other fine books on the same subject matter. Investors can skip this workbook.
Rating:
Summary: Great book if you have read The New Buffettology
Review: This is a good book and it is an even better book if it is used with their other book entitled The New Buffettology - which is better than the first edition entitled just Buffettology. In regard to the reader from TX Buffett uses growth of book value to determine the relative performance of Berkshire Hathaway - just check out the annual report. And Buffett is on record saying that a company is worth its future income stream discounted to present value - though Charlie Munger and I have never seen him do it. This was brought up at the 2001 Berkshire annual meeting. As far Ben Graham is concern Buffett and Munger are both on record saying that they no longer use the Graham's method - still worth the read though. Tim Vick, who wrote "Wall Street on Sale", loves the Buffettology series so much he wrote the cover recommendation. Check it out! And get on the program! You won't be sorry you did!!!
Rating: 
Summary: Buffett Does NOT Follow The Techniques In This Book
Review: This is one of the worst investing books I have ever seen. Not only does it have absolutely nothing to do with the way Warren Buffett actually invests, it completely makes up investing methods. For instance, the book talks about discounting future streams of income. The Oracle of Omaha was quoted at a Berkshire Hathaway meeting as saying he NEVER uses discount future cash flow. Even worse, this book promotes "book value growth" as a method for evaluating a stock's worth. Book value is an accounting term representing the net equity for a firm on ONE PARTICULAR DAY IN TIME. Change the date of the balance sheet and the value calculated by book value growth may change dramatically. If you want to invest like Warren Buffett, check out The Intelligent Investor by Benjamin Graham.
Rating:
Summary: An excellent tool for the individual investor...
Review: Written by Mary Buffett, former daughter-in-law of Warren Buffett, and David Clark, a portfolio manager, "The Buffettology Workbook" is the best investment I've ever made. The financial formulas you'll find in this book are all the ones they should teach in business school, but don't. The book is broken down into 23 chapters, each no more than a few pages, so you can read a chapter a day (and continue to review the chapters for the rest of your investing career). The first seven chapters give a breakdown of Warren's investment philosophy, value investing. Here, you learn about the short-sightedness of the market and the bad news phenomenon. Also, the authors identify the difference between commodity-type businesses and consumer monopolies, and tell you why it's far better to own consumer monopolies. Once you understand these concepts, you're halfway toward success as an investor. Now, you need to learn how to identify the correct buying opportunity. That's where the true value of this book comes into play, offering formulas and equations you won't find most books. The remaining chapters in the book focus on the examination of financial statements, the acquisition of pertinent information (what's important and what's not), then they tell you how determine an investment's desirability. You'll learn the value of high rates of return on shareholder equity, how to measure management's ability to utilize retained earnings, and Warren's ideas for the Internet and short-term arbitrage commitments. I read this book beginning to end the day I got it, but I'll continue to familiarize myself with its formulas for the rest of my investing career. Although it marks only the beginning of one's investment knowledge, learning these bedrock principles are what separate successful investors from mere average ones... Buy this book! Britt Gillette
Author of "Conquest of Paradise: An End-Times Nano-Thriller"
Rating:
Summary: Great book if you have read The New Buffettology
Review: Written by Mary Buffett, former daughter-in-law of Warren Buffett, and David Clark, a portfolio manager, "The Buffettology Workbook" is the best investment I've ever made. The financial formulas you'll find in this book are all the ones they should teach in business school, but don't. The book is broken down into 23 chapters, each no more than a few pages, so you can read a chapter a day (and continue to review the chapters for the rest of your investing career). The first seven chapters give a breakdown of Warren's investment philosophy, value investing. Here, you learn about the short-sightedness of the market and the bad news phenomenon. Also, the authors identify the difference between commodity-type businesses and consumer monopolies, and tell you why it's far better to own consumer monopolies. Once you understand these concepts, you're halfway toward success as an investor. Now, you need to learn how to identify the correct buying opportunity. That's where the true value of this book comes into play, offering formulas and equations you won't find most books. The remaining chapters in the book focus on the examination of financial statements, the acquisition of pertinent information (what's important and what's not), then they tell you how determine an investment's desirability. You'll learn the value of high rates of return on shareholder equity, how to measure management's ability to utilize retained earnings, and Warren's ideas for the Internet and short-term arbitrage commitments. I read this book beginning to end the day I got it, but I'll continue to familiarize myself with its formulas for the rest of my investing career. Although it marks only the beginning of one's investment knowledge, learning these bedrock principles are what separate successful investors from mere average ones... Buy this book! Britt Gillette
Author of "Conquest of Paradise: An End-Times Nano-Thriller"
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