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Review title: Buffett Does NOT Follow The Techniques In This Book
Product 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.
