Why not name this book as the robert g. Hagstrom portfolio rather than warren buffett portfolio
He only borrow warren buffet name to sell this book, it didn't have or describe any value about warren buffett teaching about value investment or his portfolio in this book, all he said about warren buffett in this book can summarize in just 10 pages, rather than 200+ pages book all talking repeatedly about century ago writer or thinker then to scientists, how is that have anything to do with warren buffett value investing portfolio ?? When most of the book he wrote was about other people thinking about system, system, and system, which keep repeating and repeating, in a paragraph you can find almost half a dozen words keep repeating saying the same word system, or kelly, kelly and kelly
It seems like mostly idea and the value to investment in this book is from the writer himself rather than from buffett, when he come to describe buffett all he can say was a guessing of what might be buffett thinking, not the exactly a real study or research to buffett original thoughts on investment
warren buffett name only appear at the end of all the chapter
Mostly just empty result, couple times talk about investment research and wrote couple pages talking repeatedly boring thing and then there is nothing about his result at all, so what is the point when he wrote so much but didn't prove anything at all
Most time this book just keep repeating promoting his warren buffett way book
This book just waste of time, not worth to read it at all

Interesting ideas even if you already read other books about the topic

I picked this as it was recommended by Charlie in Poor Charlie's Almanac. A very good book on Focused investing, basically the way of Berkshire Hathaway. Talks why it's important, what are the things to look for, probabilistic thinking and how to prepare if you're looking to follow focused style of investing.

Also this book is complements the book "The Warren Buffett Way" which talks much about the tools to use I believe.

Interesting read with good advice. It is curious though that Robert Hagstrom himself seems to not have mastered the strategy.

Great book on focus investing

After having read R. Hagstrom "the Buffet Way", I decided to put his second book on my reading list. I was hopping to find here a list of detailed case studies on a series of stocks held by Warren Buffet over the years highlighting their common grounds. Unfortunately it wasn't that. For instance I didn't expect in the second part of the book the rather lengthy discussion on the concepts of behavioral finance which in my opinion have been better addressed by James Montier. But I did like the book for one thing, the focus on concentration. I knew about that aspect of W. Buffet's history but I didn't fully appreciate its importance until now. I didn't realize that American Express or Coke among others represented up to 40% of the portfolios at times. "When the odds are in your favour, bet big". Apart from Bill Ackmann, there aren't a lot of money managers today that I can think of who have a similar approach. This book is a strong reminder of that.

Pretty good. Would like to go over it again.

Really a great read…… I believe, this might be the only book needed for investing in stocks….

The lessons are good but it is quite repetitive, that's why I think give the book 4.5 stars instead of a 5, but I can't. His take on focus investing, real thinking about risk, probabilistic thinking, odds, psychological traits, patience, the complex world, and speculation. Analyzing how the market works is much easier than predicting the market in a complex world that changes and adapts constantly by people who are sometimes (but not always or never) rational. Focus investing lies in the fact that the more knowledge you gain, the less risk you take and the more return you might get.

Doesnt provide anything new, it takes one idea (owning ten stocks is better than owning 30) and keeps repeating it.

This is a book which fundamentally argues in favor of the logic that 'Less is More.' It asks investors to ignore all short term noise and focus on long term capital formulation.Through some historical data and examples,the book presents numerous cases where legendary investors created long term wealth by following basic principles of focus investing.
The mathematical part of the book was not up to the standard and felt very compressed.I also felt that it would be better for a reader to first read another book named 'The Warren Buffett Way' by the same author since he refers to it a lot of times during the course of this book.

I thought the title was abit misleading. Unlike "The Warren Buffett Stock Portfolio" written by Mary Buffett, hardly anything on what Buffett bought was mentioned in this book. Instead, the book introduces us to the Focus Investment approach - how Buffett and other fellow investors alike uses the same investment methods to make certain decisions.

The Focus Investment approach is then backed up by various studies, scientific research and statistics, to prove a point that such an investment method is actually do-able for the average joe, and you do not need to be a Wall Street superstar to be rich from stocks.

It also teaches us that to be rich, one just needs to be patient and accept that less means more, and also to concentrate on making big bets on mispriced securities (given that you are very VERY certain on the market's mistake). Afterall, quote WB. "An investor needs to do very few things right as long as he or she avoids big mistakes".