Readers reviews of THE BUFFETOLOGY WORKBOOK
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This is not our
type of book. It is involved in investment strategies and our focus is on trading
approaches. It relies on fundamental information, while we use charting techniques. That
said, the book is a very useful, practical application of Buffets techniques of
It is a very
good outline of what is involved in value investing approaches. The workbook uses hard
numbers and shows you how to find and apply them. Each chapter includes a key point
summary, study questions and some test
questions on material covered in the chapter.
The second part
deals with Buffets intrinsic value equations. This is specific adaptations and
developments of Benjamin Grahams work as used by Buffet. All of these equations
require very little spreadsheet work. Most of them can be easily done using a calculator
and some mental arithmetic.
The book is a
good workbook. If you have enough money to become one of the top 5 stockholders in the company then this is the workbook you need.
For the shareholder who ranks in the bottom 20 shareholders by size, many of these
calculations are just plain useless. The reality of the Buffet investing approach is that
the success is due more to his ability to be a dominant management force on the company
board than to any particular skill in stock selection. It is doubtful that this approach
can be successfully scaled down to a level suitable for private investors with limited
If this book is
used as a starting point for stock analysis
on a fundamental basis, then it is very useful. We would suggest it is even more useful
when combined with technical analysis to help determine when is the best time to buy.
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