If you wanted to create the next earth-shattering consumer product, Steve Jobs would be an ideal role model to follow. If you planned to become a great golfer, you might look to Arnold Palmer or Jack Nicklaus.
So, if your goals are to outperform other investors and achieve your life's financial goals, what should you do?
Think, act, and invest like the best investor out there: Warren Buffett. While you can't invest exactly like he does, Think, Act, and Invest Like Warren Buffett provides a solid, sensible investing approach based on Buffett's advice regarding investment strategies.
When it comes to investing, Director of Research for the BAM Alliance and CBS News blogger Larry Swedroe has pretty much seen it all--and he's come to the conclusion that simple is better, that adopting basic investing principles always increases an investor's chance of success, and that Buffett is an excellent model for such investing.
In Think, Act, and Invest Like Warren Buffett, Swedroe provides the foundational knowledge you need to:
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Develop a financial plan to help you make rational decisions on a consistent basis
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Determine the level of risk that's right for you, and allocate your assets accordingly
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Build a low-cost, tax-efficient, globally diversified portfolio
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Manage your portfolio by rebalancing periodically to maintain proper risk levels
The beauty of the Buffett approach is its profound simplicity: follow the basics, keep your cool, and have a sense of humor and humility.
The market volatility of recent years has ushered in armies of economists, forecasters, and other so-called experts whose job it is to explain how everything works. Somehow, they have managed to muddy the waters even more.
The truth is, investing is easier than you think--even in today's economy. "Complex problems can have simple solutions," Swedroe writes. Think, Act, and Invest Like Warren Buffett helps you go back to the basics--so you can leap in front of the investing pack.
Introduction : Why I Wrote This Book
Chatper 1 : Want to Invest More Like Warren Buffett? Start Taking His Advice
Chatper 2 : Want to Invest More Like Warren Buffett? Start Thinking Like He Does
Chatper 3 : Should You Be an Active or a Passive Investor?
Chatper 4 : The Need to Plan: It Is Not Only About Investments
Chatper 5 : How Much Risk Should You Take? The Asset Allocation Decision
Chatper 6 : How to Build a Well-Designed Portfolio
Chatper 7 : The Care and Maintenance of Your Portfolio
Chatper 8 : Should You Hire a Financial Advisor?
Chatper 9 : Winning the Game of Life
Conclusion
30 Rules of Prudent Investing
Notes
Sources
Index
Acknowledgments
