In Warren Buffett: Inside the Ultimate Money Mind , Hagstrom breaks new ground with a deep analysis of Buffett's essential wisdom, an intricate mosaic of wide-ranging ideas and insights that Buffett calls a Money Mind.
What exactly is a Money Mind? At one level, it's a way of thinking about major financial issues such as capital allocation.
At another level, it summarizes an overall mindset for successfully investing in today's fast-paced stock market, a mindset that depends on a commitment to learning, adapting, and facing down irrelevant noise.
This is not a method book.
It is a thinking book.
Warren Buffett: Inside the Ultimate Money Mind explains the philosophies of self-reliance, stoicism, rationalism, and pragmatism and their contributions to making intelligent investment decisions.
It also outlines the evolution of value investing, discusses how to develop a business-driven investing mindset, and describes the defining traits of successful active management.
Lastly, it examines the surprising aspects of a Money Mind - sportsman, teacher, and artist.
In short, Warren Buffett: Inside the Ultimate Money Mind helps readers understand the building blocks that go into making a Money Mind so they can begin to incorporate its principles in the service to a life of value.
Testimonials An erudite masterpiece.
-Lawrence A.
Cunningham , author; professor and director, Quality Shareholders Initiative, George Washington University It's another must-read.
-Bethany McLean , journalist and Contributing Editor, Vanity Fair , author, Saudi America and co-author The Smartest Guys in the Room Pure Genius This is a game changer in investment books.
- Robert P.
Miles , author; Executive in Residence, University of Nebraska at Omaha, Executive MBA Program, The Genius of Warren Buffett Effervescence and thoughtful analysis of Buffett's life and work.
- Tom Gayner , Co-chief Executive Officer, Markel Corporation Hagstrom's books always enable readers to think about the world in new ways.
- Tren Griffin , author, Charlie Munger: The Complete Investor.
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