Trade Like Warren Buffett

Front Cover
Wiley, Apr 8, 2005 - Business & Economics - 288 pages
"Trading is notoriously tough. But Altucher's new book adds a noteworthy addition to the library on Warren Buffett. He shows a lot of Buffett that isn't readily available in the existing common literature. Definitely required reading for any serious Buffett buff."
-Kenneth L. Fisher, Forbes' "Portfolio Strategy" Columnist Founder and CEO, Fisher Investments

"Finally, someone blows apart the myth that Warren Buffett is a buy-and-hold investor. Altucher has given us an insightful and well-written commentary on how Buffett has amassed his track record, and what we can do to emulate him. He details the trade-by-trade examples. This is a must read for anyone wanting to learn about how the Master Investor works."
-John Mauldin, author, Bull's Eye Investing editor of Thoughts from the Frontline (www.2000wave.com)

While Warren Buffett is considered the "world's greatest value investor," there's another side to Buffett that is rarely talked about. Although Buffett has gained recognition for his value investing approach to the markets, the fact is that nobody-over the past fifty years-has traded and invested with a more diverse group of strategies than Buffett.

Trade Like Warren Buffett challenges the current coverage of this great investor by including details of all of Buffett's investing and trading methods, including mean reversion, commodities, bonds, arbitrage, market timing, funds, as well as Graham-Dodd. To augment the discussion of each strategy, Trade Like Warren Buffett also includes interviews with leading financial professionals, who reveal in detail how they've successfully used the same techniques.

There is no one way to sum up Warren Buffett's investment style. But if you're interested in boosting the performance of your portfolio, Trade Like Warren Buffett can show you how.

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Warren Buffett is considered world’s greatest value investor. Though he is famous for “buy and hold forever” strategy, the author James Altucher says perhaps no other investor has applied so many diverse set of investment strategies, as Buffett has done. This book is a testimony to that. (Warren Buffett claims to be 15% Philip Fisher and 85% Benjamin Graham.)
In this book, James tries to cover all the important different investment styles used by Buffett, e.g. merger arbitrage, relative value arbitrage, bonds, fixed income arbitrage, stocks, commodities, and currencies, and focuses on how we can learn some trading tips from him. The pages explain strategies like mean reversion, market timing, funds, as well as Graham Dodd (margin of safety). The important role of internet and technologies in investing is also well explained.
The book also contains very interesting interviews with two Buffett style hedge fund investors. I also liked the chapters “Buffett and disasters”, “trade like Bill Gates”, and “Jealousy”. This is a very good book, though the beginners may find it slightly difficult at some places. Highly recommended for Warren Buffett fans.
- Rahul (Check my blog: http://rahulbemba.blogspot.com )
 

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About the author (2005)

James Altucher is a partner at hedge fund firm Formula Capital. He writes for TheStreet.com and the Financial Times and has been a periodic guest on CNBC's Kudlow & Cramer. Previously, he was a partner with technology venture capital firm 212 Ventures and was CEO and founder of Vaultus, a wireless and software company. He holds a BA in computer science from Cornell and attended graduate school in computer science at Carnegie Mellon University. Altucher is the author of Trade Like a Hedge Fund, also published by Wiley.

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