The Warren Buffett Way

The Warren Buffett Way, a book by author Robert Hagstrom, which outlines the business and investment principles of value investing practiced by American businessman and investor Warren Buffett.

The Warren Buffett Way
Warren buffett way - cover.jpg
The third edition cover
AuthorRobert Hagstrom
CountryUnited States
SubjectBusiness, investing
PublisherJohn Wiley & Sons, Inc
Publication date
12 November 2004 - 2nd edition
332.6 22
LC ClassHG172.B84 H34 2005


The first edition, published in 1994, sold over a million copies and spent 21 weeks on the New York Times Hardcover Nonfiction Best Seller list.[1] A decade later, Hagstrom issued a second, expanded edition.[2]


  1. The world's greatest investor
  2. The education of warren buffett
  3. "Our main business is insurance": The early days of berkshire hathaway
  4. Buying a business
  5. Investing guidelines:business tenets
  6. Investing guidelines:management tenets
  7. Investing guidelines:financial tenets
  8. Investing guidelines:value tenets
  9. Investing in fixed-income securities
  10. Managing your portfolio
  11. The psychology of money
  12. The unreasonable man[3]


The principles included:

  1. Purchase businesses with excellent long-term prospects
  2. Purchase businesses at a large discount to their intrinsic value
  3. Purchase businesses with a high return on invested capital
  4. Purchase businesses with honest managers


  1. ^ Synopsis at Amazon
  2. ^
  3. ^ the warren buffet way 2nd edition, Robert G. Hagstrom