Warren Buffett's 3 Favorite Books: A guide to The Intelligent Investor, Security Analysis, and The Wealth of Nations

Pysh has created more than a book here. He has architected an informational community to smash the fears of investing that so many people have with a hammer of data, numbers and process that I personally was looking for. My biggest comment for potential readers like you is that you cannot only read this book if you expect to fully learn and undergo the phenomenal informational deep-dive that Pysh presents. You must take the time to read each chapter, follow up with each of the free videos that go through further explanation of the chapter, do the free exercises and examples, and use the free website for further information. This will take A LOT of time, but it's worth it. For many, taking meticulous notes may be a really good idea to centralize the key teachings they need. The free site also has a great discussion forum that is pretty active and gives even more information for people to develop a progressive understanding of the investment strategies. I want to underscore that all of this additional information on Pysh's site is FREE and work with the content in the book. You do not have to pay for anything, and there are no subscriptions. Having read many investment books in the past, this has been the best one. If you want quantitative facts and a desire to learn about what all the ratios mean that investors use, how they interact with one another, the importance of bonds, and more importantly how much publicly reported business financials inform, this is the book to go with. Yes, the issues with typos mentioned in some of the comments are true, and it made me skeptical about the attention to detail of the author at first. Though there aren't many typos, hopefully Pysh will have an opportunity to edit a second edition. I also read a comment here that Pysh isn't an academician or economist, so why should he be an expert or write this book. As a regular-Joe investor, I appreciate that Pysh learned this all on his own, tested and prodded the process he made, and connected the investment strategies of Buffett with those he teaches. It's what makes him be able to explain everything in methodical, simple ways so that people can understand them. For me, that speaks volumes about the credibility he brings. This book is so worth your money, as is the time you put into taking advantages of the supplemental information on Pysh's site that go with it.

Even for someone familiar with the concepts discussed in the book, I found it refreshingly accessible and useful. I bought the Kindle version of this book, which comes with links to the author's webpage that includes other learning aids. I highly recommend the book for the following reasons: 1. The technical concepts are accurately explained, so readers are getting an excellent discussion of basic finance and investing. 2. The style of the book is conversational (it covers complicated concepts such as bond value/interest rate relationships from the simple story of Billy's Lemonade Stand) and non-technical. 3. It marries the nuts and bolts of a business model with investing. It disabuses anyone from thinking of investing as another form of gambling. 4. The progression from simple to sophisticated concepts is well paced and with the online resources, forms a good self-study program. In the age of the television financial high priest whose claim to legitimacy is achieved by deepening the mystery of investing, Mr. Pysc has written a down-to-earth book that everyone who has a pension account, a college savings fund or brokerage account should read. At the very least, it would allow one to ask intelligent questions of our financial advisors.

Yes, the title and marketing posture is shamelessly mercenary, calculated to cash-in on the Buffet name and brand. Yes, the first section really and truly is about a kid running a lemonade stand. But. I'm glad I bought and read the book. Surprisingly, given the bait and switch of using Buffet's name and branding and given that his three "favorite" books are barely mentioned, their content not delved into, and serve only as launching points -- the author has written an honest and sincere book. I'll repeat that: This is an honest and sincere book. And useful. If, like me, you grew up without anyone actually TEACHING you about money, let alone stocks and bonds, the extended and hookey lemonade stand metaphor actually works. You WILL learn the fundamentals of stocks and bonds by examining the kid's adventures in retailing lemonade. (Our schools still do not teach students about money. Osmosis is good for nourishing plants, but if you really want to help people avoid poverty and pain and dependency, teach them about money; what it is, why it is, how it can be used. This author seems to be attempting to do just that, and for those well-intentioned reasons.) The author does the math, and breaks it down so you can do the math on yor own. You could of course read Graham's classic, The Intelligent Investor, and do the math on your own. But gee whiz, it is always easier faster and more efficient if you have a decent teacher to help you. And, if you're like me, you can read through the whole book (it's not too long) and then go back and do the math, applying it to the real world of companies you're considering investing in. (I do think it would be best to read Graham's Intelligent Investor BEFORE reading this book. Going to the source text first is almost always better than reading what has been derived from that source.) All of this is my longwinded way of saying, if you are hesitating and not sure if you should buy this book, go ahead. Put aside its used car salesman title/marketing. The content (the author's work) is forthright, honest, transparent. (Besides, you have 14 days to return the book for a refund if your experience is different from mine!So what's to worry? Go for it. ;-) PS: I haven't tried his videos yet, but probably will.

基本的な真実が書かれていますが、読みやすく理解しやすいのに、これで投資家になれるのだろうか？足りないのは知識というより別物なのだと理解しました。

I really enjoyed reading this book. I learned a lot without so much difficulty in following the explanation. Strongly recommend to learn quickly how to be great patient successful investor.

A surprising find on Amazon. This book pays for itself with the money you will save from foolish investments. Many people invest based on their gut feeling or the direction of the market but that is the fool's way. In Warren Buffett's Three Favorite Books, Pysh explains how you can invest intelligently by teaching you the core concepts used by Buffett. The book is broken down into three parts and is further separated into a number of units. Each unit contains easy to understand examples to explain some of the more complicated concepts you would find in business and investment. The book also contains links to YouTube videos and interactive tools on his website that will help further reinforce the lessons learnt in the units. A great book for both novice and seasoned investors.

It has everything you need to start investing with quality, controlling your emotion. It gives you a good summary of Warren Buffet's way of investing. Thanks, Preston. Greetings from Brazil.

Mir hat das Buch ( in der Kindle-Version) sehr gut gefallen, denn ich habe keinerlei Ahnung gehabt, was mit value investing immer gemeint war. Nachdem ich mir auch noch die Videos des Autors auf seiner Homepage angeschaut habe, habe ich das gebotene Denk-Material noch besser verstanden. Deshalb ist das Buch wahrscheinlich auch so preiswert, weil man es nicht unbedingt braucht, wenn man sich die Videos ansieht. Doch ohne Buch wäre ich nie dahin gekommen! Ich habe das Buch im Original gelesen, was für mittelprächtig Sprachkundige kein Problem sein dürfte. Ein dickes Lob an Mr. Pysh.