The Warren Buffett Way is a great book. Buffett is one of the greatest investors of the 20th century along with Soros. Buffett was able to take a relatively small investment of 100k and turn it into an empire of over 35billion, and there are so many people who try to emulate everything he does.
The book outlines his investment strategies and Buffett is big on solid Fundamental Analysis. Buy only companies that you can understand, that have an edge in their market, and are valued to buy and hold.
Some of his assets include Sees Candy, Coke, Geico, Wells Fargo, The Pampered Chef and several other companies from shoe manufacturers to brick factories. While Buffett did quite well for himself and Berkshire Hathaway, however his is not a strategy that I want to emulate 100%.
Buffett had some right place, right time moments, example being, had he not bought Sees, and done so well, he would have not been able to buy Coke at that time. And for Buffett, Coke was huge.
However, there are a lot of good ideas about Fundamental Analysis to take away from Buffett. How to read financial statements, how to value a company based on their books. These are the ideas that I have take away from Buffett and started to apply to my trading.
Always start with...
1) Fundamental Analysis
before...
2) Technical Analysis
3) Market Analysis
You need the right tools for the job, so add to your toolbox.
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