How to Buy Real Estate Without a Down Payment in Any Market Insider Secrets from the Experts Who Do It Every Day
May 31, 2009 by Investment Secrets · Leave a Comment
This new book explains everything you need to know to locate and purchase real estate with no down payment from individuals, banks, and other sources. Whether you are a first-time homeowner or an experienced property investor, this is a tremendous guide for buying real estate in any market with no down payment. You will learn the simple formula that can build massive wealth through a real estate purchase, with no money down. This proven formula works even if you have no real estate experience, bad or no credit, or very little money. This formula has been developed out of real-life experience. You will learn how to make smart real estate investments and use those investments to help you achieve financial success. We spent thousands of hours interviewing, e-mailing, and communicating with hundreds of today’s most successful real estate investors. This book is a compilation of their secrets and proven successful ideas. If you are interested in learning hundreds of hints, tricks, and secrets on how to purchase a property with no money down, then this book is for you. You will learn how to find the right property, locate motivated sellers, make mutually beneficial offers, and possibly even receive cash at the closing. Though you may be relatively cash-poor or have a less-than-perfect credit rating, you can acquire a mortgage and find the house you’ve always wanted. You will receive professional direction through all the complicated legal and tax issues involved. You will uncover secrets that expert real estate investors use every day. This comprehensive resource contains a wealth of modern tips and strategies for financing and closing on a property. The author shows readers how to find out how much they’re really worth, how to uncover unknown assets, and how anyone can enhance their credit rating within six months. Financing your dream home can be possible, even if you never thought you could.
User Ratings and Reviews
5 Stars I may be a novice, but…
Unlike the previous reviewer, I gleened a lot of useful info from this book. Susan Smith Alvis nails down the ins and outs of purchasing real estate for first time (or second, or fifth time) home buyers. With detailed instructions on how to get your finances together, what you can afford, and how to look for loans, she makes the complicated world of the real estate transaction seem simple.
The book is sectioned into subjects such as “Looking At Your Finances”, “Creative Financing” and “Foreclosures”, explaining each step in the process of home ownership. Interspersed with real life examples from realtors, the chapters build on each other, culminating in the sale of the home and its aftermath. Ms. Alvis even gives a list of things to do after purchase, such as changing the locks, keeping a home journal, and advertising rental property.
This is a must read for anyone buying their first home, or anyone who is purchasing property for financial gain (such as rental homes).
5 Stars How to Buy Real Estate Without a Down Payment in Any Market: Insider Secrets from the Experts Who Do It Every Day
Thank you Susan. I feel that I should say that to you after reading your book “How to Buy Real Estate Without a Down Payment in Any Market: Insider Secrets from the Experts Who Do It Every Day”. This book is a great asset to someone who is going to be purchasing property. I have bought 2 houses and found the entire process to be mind boggling trying to understand everything. Thanks to Susan’s book I feel I am now prepared to continue purchasing more property, but I am going to do it feeling a whole lot more at ease.
4 Stars How to Buy Real Estate Without a Down Payment in Any Market: Insider Secrets from the Experts who Do it Every Day
How to Buy Real Estate Without a Down Payment in Any Market: Insider Secrets from the Experts who Do it Every Day by Susan Smith Alvis is a practical guide to buying homes or other real estate with no money down. The book is perfect for first-time homebuyers as well as seasoned real estate investors seeking to perfect their investment skills. A 75 page glossary is included which provides essential help with the argon used throughout the text. With an easy-to-follow format, and crisp, concise writing, the book receives a 4 out of 5 stars.
5 Stars Makes the process easy for anyone to understand.
It is said that real estate is the biggest and most profitable business in the world, but I didn’t think I could ever afford to buy any more property until I read “How to Buy Real Estate Without a Down Payment in Any Market.” I can not believe how much information is packed in this book. The writing is easy to understand, making it possible for anyone to benefit from purchasing property.
A retired real estate agent wrote this book to assist people who want to profit from buying real estate. The author advises that it is in the buyer’s best interest to work with a realtor, but she also states that it is possible to successfully complete the process on your own.
The book lays out an easy to follow step-by-step process to aid investors in buying property with no money down and possible leaving the closing table with a sizable check plus your new property. The author also includes a complete glossary and a section of tips, hints, and reminders for real estate transactions that makes it an excellent resource for beginners and experts alike.
I would recommend this book to both people contemplating their first real estate purchase and as a reference book for seasoned professionals who make a living buying and selling real estate.
5 Stars Read this Book Before You Buy Property
If you are interested in buying real estate with no money down, buy this book. Whether you want to make a purchase for your primary residence or want to begin investing in real estate, this book has a lot to offer. The author gives you most of the valuable information contained in the expensive programs sold on infomercials for a lot less money.
This book will help you calculate what you can afford and organize your finances prior to the purchase. There are charts for determining your assets and debts as well as important information for improving your credit score. The author covers all the financial aspects that should be considered when investing in real estate. All financial options for financing the purchase are discussed in detail.
The author has interviewed people who have made a significant amount of money in buying real estate with no money down. The book contains valuable tips and hints from people who have successfully purchased real estate using these methods. The book will take you step by step through the process of buying real estate without cash. You may even walk away from the closing table with cash in your hand.
Swing Trading with Oliver Velez Course Book Trade Secrets Course Books
May 30, 2009 by Investment Secrets · Leave a Comment
Swing Trading with Oliver Velez Course Book Trade Secrets Course Books
Oliver Velez, cofounder of Pristine.com and current CEO of Velez Capital Management, is renowned for his effective trading skills and specialized knowledge in technical analysis. His educational seminars are sought after by traders and often attended multiple times to extract every piece of wisdom from his presentations. Now, one of his most legendary sessions jumps from the screen into your hands in this coursebook of Velez’s famed Swing Trading technique. With this detailed text , you’ll explore and master a highly profitable niche that exploits the two- to five-day holding period a method too brief for large institutions, too lengthy for day traders, yet perfectly suited for individual investors with a mind towards success. In his captivating, high-energy style, Velez shows you how to:
-Spot opportunities using proven swing trading criteria
-Define periods of market uncertainty and make the right moves
-Discover key set-ups and effectively use moving averages
-Read charts successfully, especially Japanese Candle Sticks
-Win by going against conventional trading wisdom
-Understand and profit from understanding market psychology
Only in this course will you be able to fully absorb the wealth of material that Oliver Velez is set up to offer. The easy-to-understand definitions and eye-opening self-tests bring the information to you and the power to your trades. So don’t end up on the wrong side of the market. Swing Trading is the perfect tool for the investor who wants to understand the forces that shape the trading arena. Now you can use this course to rise above the impulse of novice traders. It’s the best way to master the cycles and win consistent profits.
User Ratings and Reviews
5 Stars Must Buy DVD
No one is any better than Oliver Velez when it comes to teaching. He does a great job with his presentation. This DVD is super for the beginner but anyone would enjoy watching it. It is a simple approach to swing trading.
3 Stars Interesting but not what I expected
The presenter has mastered the art of using 20 minutes to present what would take an avergae person a maximum of two minutes to tell. The concept is intriguing, but spotting the winning pattern is like sifting for a needle in a hay stack, unless you purchase additonal software to automate the search process. Even then, the odds are not always on your side. I reviewed some historical charts and found many instances where one could have made the wrong decision following this system.
To sum up, the entire strategy is based on watching for uptrending stocks that are experiencing three or more days of selling followed by one day of ostensible reversal before you swoop in and ride it back to the next local peak.
Try this strategy on paper first, espcially if you are retired with plenty of time to kill and some money to risk.
5 Stars A Must For All Traders
If you have this book, you must also have Master Trader. The two go hand in hand. These two books are a must for your library.
5 Stars Good Book
One of the better Trading books that I have read. The included DVD is really helpful.
2 Stars Not woerth the swing!
The book is more a hype than the advertised claims! It is not worth the money!
Right and Wrong Thinking and Their Results
May 30, 2009 by Investment Secrets · Leave a Comment
Right and Wrong Thinking and Their Results
With all the recent buzz about the Law of Attraction it is important to get the full understanding of how thought is creative. The differences between ignorant and enlightened, between savage and civilized, between brute and human, are all due to the mind and its action. All the multifarious customs and habits of humankind, whether simple or complex, though often attributed to other causes, are, from first to last, the direct results of thinking. The first lesson to be learned in the school of life is to understand one’s own personality or individuality, so as to estimate it at its true value, and to be able to use it for good and to avoid using it for evil. A person should know all that can be known of the power which they are every day wielding simply by being what they are and by thinking, looking, speaking, and acting as they so. It is one’s duty to make the most and the best of what is in themselves; and they are best equipped for this who knows themselves most thoroughly. The object of this book is to aid toward the accomplishment of this end. Crane published this title in 1905. Some of the language or social examples may seem antiquated, as we now have more modern techniques and technology, however, humankind has not changed. We still have the same needs, wants, desires, and dreams. In that truth, this information is timeless. Many people read books, take courses, attend lectures all their lives without ever making progress in attaining what they say they want and desire in life. Bookshelves are full of books, some now gathering dust that have been glanced over and read, and only a few has the message been digested and put into action and the desired results created. There are nuggets of wisdom throughout these pages for the person looking to find them. Use this book as more than just another book to read. Use it as an answer book, and action manual.
Real Estate Tax Secrets of the Rich
May 29, 2009 by Investment Secrets · Leave a Comment
Real Estate Tax Secrets of the Rich
IRS insider Sandy Botkin reveals the tax strategies you can use to increase your ROIs by as much as 20 percent-whether you’re a home owner or a real estate investor. This accessible guide demystifies real estate taxes and shows how to achieve maximum benefit when buying, owning, selling, managing, repairing, and investing in properties.
- Features numerous forms, charts, sample documents, and other valuable tax-saving tools
- Gives you the basics on real estate taxes and shows how to take full advantage of tax loopholes
User Ratings and Reviews
5 Stars Excellent must have book
Sandy Botkin is one of the best in making the complex simple and easy. I have also purchased his tape seminars online. An indispensable guide if you prepare taxes or just want to be aware of the best tax strategies available. His other book - Lower your taxes - big time - is also a MUST HAVE!
1 Star How to Rip off Readers
This book is not worth the paper it is printed on. Very poor structure. Badly written in such a way that the Secrets remain so. I would not recommend this book to anyone.
4 Stars It’s all in the details.
Well written to those that want an introduction into real estate investments and provides some reasonable tax savings tips that do not appear in other tax related books. Using the example on page 98, I figure the gain net return on investment to be 4.5% instead of 31%. I used different assumptions. My assumptions are based on the following: I used $6,027 in buying closing costs. I figured fair rental value as 90% of (5% down, 30 year mortgage at current interest rate) or $1,135 per month. I figured a $45 taxable loss on the sale of the land and building since closing costs and recaptured depreciation offset gain. I figured a $5,736 loss on schedule E before I realized that hiring a property management company means that I cannot take the tax loss on Schedule E. Most of the loss was due to $4,879 in depreciation. I figured the cash flow to be a negative $1,859 for the year since I had lowered the rental income projection and added the property management fee.
5 Stars Hundreds of Tax Tips re Real Estate
It should come as no surprise to you that the Federal Income Taxes are horribly confusing. They contain all kinds of special loopholds, private benefits, bureaucratic rulings and whatever that it’s very difficult to follow.
This book takes one small subset of the tax code, that pertaining to real estate and pointing out literally hundreds of rulings that you probably never expected. For instance — Interest on mortages for your home, both principal home and second home is deductable. But. What’s a home? A place that ‘provides basic living accommodations such as a sleeping place, a toilet, and cooking facilities.’ Does your motor home, travel trailer, or boat provide such accommodations? Yes, then it’s a home. What if you rent it out some of the time? She provides the IRS rulings.
The book is well written, not difficult to follow, and almost certainly can enable you to find enough deductions to cover it’s fairly low cost.
5 Stars Excellent Book for Anyone that Touches Real Estate and Investments
Sandy Botkin has presented a very clear analysis of the tax advantages around owning real estate. Real Estate Tax Secrets of the Rich is an excellent tool for any financial and real estate professional (CPA, CFP, Mortgage Advisors, Realtors, etc)that counsels and advises property owners and investors. I intend to make this book available for my clients as well.
The Science of Getting Rich
May 29, 2009 by Investment Secrets · Leave a Comment
The inspiration for The Secret and more. With the release of DVD, The Secret, Rhonda Byrne, its producer identified Wallace Wattles, and The Science of Getting Rich as her inspiration. Wattles published this title in the early 1900’s. Some of the language or social examples may seem antiquated, as we now have more modern techniques, and technology, however, humankind has not changed. We still have the same needs, wants, desires, and dreams. In that truth, this information is timeless. This book is pragmatical, not philosophical; a practical manual, not a treatise upon theories. It is intended for the men and women whose most pressing need is for money; who wish to get rich first, and philosophize afterward. It is for those who have, so far, found neither the time, the means, nor the opportunity to go deeply into the study of metaphysics, but who want results and who are willing to take the conclusions of science as a basis for action, without going into all the processes by which those conclusions were reached.
High Profits In High Heels Secrets From Todays Top Women Traders
May 27, 2009 by Investment Secrets · Leave a Comment
High Profits In High Heels Secrets From Todays Top Women Traders
High Profits in High Heels reveals insider secrets from eight of the most highly successful women in the trading industry today. From the basics of trading to more advanced strategies, these tips, anecdotes, and lessons will show you how these women have made phenomenal profits and will inspire you to take your trading to the next level or, if you haven’t started yet, to begin an exciting journey in the markets. The contributors, Raghee Horner, Toni Turner, Carolyn Boroden, Toni Hansen, Jean Folger, Kathy Lien, Marilyn McDonald, and Barbara Rockefeller, are some of the best known traders, authors, speakers, and educators in the finance/investing world today. The articles are as diverse as the women; there is discussion of systems trading, forex, Fibonacci, psychology, chart patterns, time frames, and technical analysis for the active lifestyle. With the ease of electronic trading platforms, large numbers of women worldwide are joining the ranks of men who trade stocks, currencies, commodities, and options for a living. Technology has leveled the playing field for all retail traders—read this book today to learn how you can make the markets work for you too!
Fast Real Estate Profits in Any Market The Art of Flipping Properties Insider Secrets from the Experts Who Do It Every Day
May 27, 2009 by Investment Secrets · Leave a Comment
“It is a must read for beginner and intermediate investors looking for a road to financial freedom.” — Don Sausa, Vice President, LandTrades.com
“It is a must read for beginner and intermediate investors looking for a road to financial freedom.
Trade Stocks and Commodities with the Insiders Secrets of the COT Report Wiley Trading
May 25, 2009 by Investment Secrets · Leave a Comment
Trade Stocks and Commodities with the Insiders Secrets of the COT Report Wiley Trading
“This is an excellent and much needed book” (The Technical Analyst, Sept/Oct 2005)
“If you trade futures, this book will be a valuable addition to your trading library. Not only is the book a valuable education, but also an enjoyable read.” - Futures magazine, November 2005
User Ratings and Reviews
4 Stars an Insider’s look in the futures market
Larry Williams has been a pionner in informing the world about what the real pros of the futures markets.This book is also unique in giving the wolrd the COT report ,a rear look to the hedgers view of the market and not plain guessing.
5 Stars Groundbreaking work
(i).Thesis / Book Purpose
“I heard Goldman’s was selling bonds the other day…. “,
“General Mills has a massive long futures position…”
We have all heard stories like that, usually when the market has been coming off some impressive rally or decline. However most of the times as the market turned the opposite direction, such statements proved to be equally short lived.
Nevertheless is there really a way of knowing what the “Big Boys” are doing on a collective basis ?
Welcome to Larry William’s “Trading Stocks & Futures with the Insiders”, the first (and only) book ever written on the subject of analysing commercial trader positions using the Commitment of Traders (CoT) data provided by the CFTC. The book’s sole purpose it to get you in investment alignment with the largest participants in each futures and option market. It is an alternate way of viewing the fundamentals by tracking the footprints of the largest market participants’ view of each underlying market.
(i) Organizational Structure:
The organizational structure of the book is not that apparent at a first glance, but the chapters can be roughly rearranged and “pigeonholed” in four different thematic categories as follows:
1. The Market Participants from a CoT point of view
Chapters 1 & 3 are about the commercials, an intro to their motives, mistakes and what to look for.
A thorough description of the CoT report contents as provided by the CFTC is given in chapter 2.
This is probably a chapter for those with the intellectual curiosity to know how the CoT data is gathered in its final format. Chapters 5 & 6 describe the operations of the Small and Large Traders categories (from a CoT point of view) respectively.
2. CoT Analysis
Chapter 4 is the first attempt to “quantify” commercial activity through the CoT Index (first introduced by Curtis Arnold). Chapter 10 features how to view the commercials vs all the market alongside other accumulation / distribution activity. Larry then goes to construct some custom (price-based, non CoT) indicators and then uses them in conjunction with seasonality. During the last part of the chapter, the EMH is “attacked” with some simple systems / tests. Chapter 11 presents a synthetic CoT index, however the specifics are not disclosed. Chapter 13 features another version of the CoT index, examples of how to use a simple CoT system that combines CoT data with a trend-following filter. Additionally, another intermarket system for Gold using the US Dollar is combined with seasonality. Lastly chapter 15 shows an example of CoT analysis on the bond market.
3. Volume & Open Interest
In Chapters 7 - 9, Larry deals with one of the most misunderstood aspects of technical analysis. Properties of volume and open interest (OI). Larry exposes myths and explains how these interact and how they can be used in context of the strategy. In chapter 9 Larry expands in the topic of OI, by taking a more thorough view that provides insight into OI quality.
4. Issues general about Trading
Chapter 12 is about stop importance and geared towards the novice. Discussions on preframing, and mental preparation, a sample long term exit strategy, entry & exit strategy adjustments according to the nature of the trend, bad trading habits. Chapter 14 is aimed at highlighting the use and abuse of technical analysis and the ineffectiveness of tools such as Fibonacci, candlesticks, chart patterns and formations.
(ii) Audience & Style of writing:
The book is the first on the subject of commitment of traders data analysis. Thus the largest part of the book’s audience is by and large “beginners”. Either literally or professionals uninitiated to CoT analysis. Larry however has managed to accommodate both audiences, by keeping on one hand the strategies and style of writing geared towards the less quantitatively inclined beginners, but providing enough ideas / hints for the seasoned professionals to work upon and to expand research methodologies.
Since CoT data are weekly, and analysis is mainly geared towards big picture views, consequently the book is not recommended towards day-traders / short-term traders. Additionally among the medium/long term community, the ones with a contrarian slant will find themselves in line with the philosophy exposed. Although the material is primarily used by futures/option traders, stock investors may also be utilise CoT data either directly (through Larry’s advisory service) or indirectly (focusing on sectors that exhibit a high degree of correlation to underlying commodities). So although CoT is not suited for individual stock picking, it could prove to be very useful for identifying sectors (which according to academic studies explain 60% of a stock’s performance). Therefore criticisms that the Larry has not included much stock-specific analysis may be true, but fail to see past the obvious.
As far as style is concerned most of the work is aimed primarily towards discretionary (or quant-guided traders at best), not completely systematic ones. However there are examples of such attempts.
The book is easy to follow, non-technical and mostly narrative. Larry manages to keep reader interest by using analogies from life to trading (how fishing in Montana is similar to trading, p.80) the common aspects of driving and trading (p.123) and the common mentality shared by trapeze artists and trading (p.123). The “emotional” qualities of writing are apparent in the use of humour and wit.
(iii) Main Points / Bottom Line:
Trying to distil the author’s words of wisdom conveyed in the book in a few points would be:
1. Markets carry an enormous amount of randomness, but are not totally unpredictable.
2. Focus on the “big picture” and the fundamentals.
3. A way to follow the fundamentals is through CoT analysis, and by focusing at the extreme readings of commercial activity in particular (among other CoT tool readings).
4. Technical Analysis on its own is not productive, thus it is advisable to follow the forces that “move” the charts. A lot of Technical Analysis tools are of little use.
5. CoT analysis is not a market timing tool. It is a “big picture” technique.
6. No methodology is perfect, and the same applies to CoT research. Thus best results are obtained if CoT analysis is used in conjunction with other tools, such as cycles, seasonality, technical triggers, etc.
(iv) Degree of analytical exposure :
After reading the book, one of the most obvious conclusions is that Larry is a stern master in CoT analysis and an authority in the field. A lot of the ideas he exposes are just an exhibition of how much work needs to done in this particular area of research.
All of the examples are simple in computational intensity (as the author is the first to admit), but serve as an “idea generation platform” to those that wish to look past the obvious. Those that are looking for “easy answers” (exact system rules) or “math intensive” illustrations, are missing the point that Larry makes.
The CoT data can be used in either standalone format (chapter 4), or as model components. The illustrations are simple but illustrative of the possibilities. A simple trend-following application for high probability setups (page 150- 153), CoT used in conjunction with intermarket analysis (p.154), seasonality (page 156), custom indicators, sentiment. Although the examples provided are simple in nature and not suitable for stand-alone use, they do provide a useful illustration of the effectiveness of this analysis technique and the importance of looking past purely price-based, trend-following methodologies.
The examples provided to make the aforementioned points are mostly chart based.
Quantification of the data is in the form of normalised indicators (such as the CoT index, in chapter 4), oscillators (to study open interest activity in chapter 8), trading systems / setups that provide threshold actionable overbought/oversold levels, ratio smoothings (chapter 13).
Hypothetical trade performance statistics are reported in the form of dollars gained on a per contract basis. Precise entry and exit rules are not provided since the main point is to highlight the magnitude of the trends that can be spawned by CoT “signals”, rather than actual trades / positions. CoT analysis (as the author repeatedly states) is not a precise market timing tool.
However, although examples are drawn from all asset classes, it would be more beneficial to the reader if there was a more extensive market coverage, even in the form of an appendix providing visual / chart based evidence for strategies. Another omission, is that although the author does point out that the methodology is not perfect he does not provide in depth causation for commercial signal failure, how to identify and deal with it. These issues are dealt in his advisory service.
(v) Comparative Evaluation
Since the book is the first of its kind (solely devoted to CoT analysis) it is not possible to do a comparative evaluation, as it would not serve justice to authors that have devoted a few chapters on the issue.
(vi) Possibilities for development
It this writer’s view that the there is considerable scope of further research for CoT analysis (several ideas already being in investigation progress), and applied as part of a Decision Support System or integrated into a more systematic structure (there are already some papers on the subject from the academic community). Like all pioneering manuscripts, this book sets the foundations and fundamentals tools upon which further research will be done. A fundamentally robust technique, which means that it is able to sustain market environment changes (regime shifts).
If you would like additional information,
please refer to the conversation/ interview I had with Larry
on the subject of Commitment of Traders Analysis and Trading
Alex Spiroglou
4 Stars Thinking of swing trading?
This is a good book to understand the participants in the market and how they behave. The charts tended to be small and hazy which made it difficult to see each weeks information discretely. I would recommend this book to someone that is green to the market to illustrate the importance of trading with the trend and as importantly, with the largest participants in the market. Worth a read.
1 Star Review of Commitment of Traders Report
I am glad to consider Larry Williams as a friend, so it is was with great enjoyment that I read his recent book. One of the great pleasures and benefits of knowing the Specs is being able to meet and discuss market ideas with the best.
The commitments of traders report provides good additional information to speculators in the futures markets. Larry presents many good ideas for quantitative specs to test, and even hints at some of the many tricks he has up his sleeve, without giving away the family jewels. The book’s use of charts is aimed at the less quantitatively inclined beginner, and while some of the chart-based reasoning suffers from chartism’s typical retrospective bias, Larry does have a chapter on quantitative tests, although limited to win/loss ratios and amount of wins, and briefly discusses down days in S&P. However, any astute spec can test the many good ideas rigorously and develop his own more precise methods.
Ideas for new trades can come from any source, as the Specs have shown us, and new ideas are necessary to keep an edge in a competitive market. Rather than try to find entries base on comparing chartpoints and indicators which is non predictive, better to use the ideas and data to refine the entries. It is in this spirit that the book is helpful to a speculator. It’s a fun an quick read, in Larry’s breezy and folksy style.
In many ways the most basic and important call in the market is if it is going up or down. Seems so deceptively simple, but the paths it takes throw one off the track. Good information, just a bit more than the next guy, is what it takes to head in the right direction, and the COT report may give an edge.
I give the book 5 Stars.
5 Stars Good Book
Larry gives good insight into COT report. It will open you your eyes, because you will know why the price change. With COT you will know what the big guys are doing and that is very important for trading.
There insn’t much stuff for stock, almost all is dedicated for commodities…
EZine
May 25, 2009 by Investment Secrets · Leave a Comment
The Warren Buffett CEO Secrets from the Berkshire Hathaway Managers
May 25, 2009 by Investment Secrets · Leave a Comment
The Warren Buffett CEO Secrets from the Berkshire Hathaway Managers
“Everyone knows Warren is the greatest investor of our time … This book for the first time captures his genius as a manager.”
User Ratings and Reviews
4 Stars BUFFETT RULES
Warren Buffett is the god of investors. Thus, there’s a plethora of books about him and his investing methods. Reading anything Buffett says is good. My concern with these books is they become dated very fast. For example, right now, in mid 2007, Warren is buying up railroad stocks, specifically Burlington Northern. Yet we don’t glean that from this book, because it went to print before Warren got into RR’s.
I’ve read most of the Buffett books and this one is above average. Recommended.
Also, for those desiring to become rich, check out Tom Stanley’s “The Millionaire Mind.”The Millionaire Mind
4 Stars Interesting stories
The book has a lot of interesting stories about managers at Berkshire Hathaway. It’s not much about Warren Buffett. And it has nothing to do with investment.
5 Stars Highly Recommended!
Robert Miles knows Warren Buffett, and it’s clear that he also knows a thing or two about the people who run the companies in Buffett’s Berkshire Hathaway. Armed with information gleaned from eight months of intensive interviews, Miles uncovers what makes a Berkshire manager tick, and covers the workings of Berkshire, itself, as well. Writing through the voices of the CEOs he portrays, Miles skillfully weaves the colorful histories of 18 firms into a revealing set of success stories. Many tales are similar - the CEOs love their companies; they worked hard to build solid businesses and no one regrets selling his firm to Berkshire. They all sound genuinely happier than you might possibly believe, and each chapter has business models you shouldn’t miss. We invite any executive to enter these pages for an insider’s view (still, it doesn’t hurt to remember, they all knew Warren was gonna read it).
5 Stars Highly Recommended!
Robert Miles knows Warren Buffett, and it’s clear that he also knows a thing or two about the people who run the companies in Buffett’s Berkshire Hathaway. Armed with information gleaned from eight months of intensive interviews, Miles uncovers what makes a Berkshire manager tick, and covers the workings of Berkshire, itself, as well. Writing through the voices of the CEOs he portrays, Miles skillfully weaves the colorful histories of 18 firms into a revealing set of success stories. Many tales are similar - the CEOs love their companies; they worked hard to build solid businesses and no one regrets selling his firm to Berkshire. They all sound genuinely happier than you might possibly believe, and each chapter has business models you shouldn’t miss. We invite any executive to enter these pages for an insider’s view (still, it doesn’t hurt to remember, they all knew Warren was gonna read it).
5 Stars Great book about the inner workings of BRK
Skim through the back of the 2002 annual report, and you’ll see a list of the dozens of operating subsidiary companies within Berkshire. To my knowledge, this book covers the managers of these companies in more depth than any other book. It is essential to learn about these managers because among them will be chosen the successors of Mr. Buffett. Personally, reading this book gives me confidence in the future of Berkshire in the post-Buffett/Munger era. I especially liked the chapter on Ajit Jain, who has not been covered by other books. This book is an absolute must read for those planning on holding their Berkshire shares forever.
