Buffettology
by Mary Buffett and David Clark
Buffett's method as reconstructed by his former daughter-in-law and a co-author: consumer monopolies, consistent earnings, return on equity, and the arithmetic of expected returns at a given price. It is more formulaic than Buffett himself, and the worked examples are useful for learning the calculations.
Read it if…
you want a step-by-step version of the Buffett approach with arithmetic.
Skip it if…
you want Buffett's own words; see the letters.
Three things you will actually use
- Durable competitive advantage first, price second.
- Predictable earnings make valuation possible.
- Buy at a price that gives you an acceptable return.
Do this first
Run the book's return calculation on one company you already own.
Our verdict
Buffett as a formula.
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