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Title: Intellectual Lint
Review: Warren Buffett must find it irritating that his name is treated as a hanger for the tangential thinking of Robert Hagstrom in "The Warren Buffett Portfolio". When the author isn't quoting or paraphrasing Buffett, he is arthritically connecting Buffett's ideas with strangely incomplete summaries of tangential concepts like Kelly betting or Stern Stewart's EVA and Cost of Capital (the latter concept has been explicitly rejected by Buffett's partner, Charlie Munger). At the end of the day, this book looks like an investor's collection of idealogical lint and Hagstrom seems like an overrated exponent of Buffett's investment strategies. Thoughtful Buffett newbies might have found Hagstrom's previous "The Warren Buffett Way" only vaguely unsatisfying, but those who have read-up on Buffett in the interim since Hangstrom's last book will find this latest work a muddled and half-baked mess.
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