The Warren Buffet Portfolio is not nearly as insightful or enjoyable as the The Warren Buffet Way by the same author (I gave The Warren Buffet Way a Goodreads 5 star rating!). But it is a decent book nonetheless. I am a long-time value investor, influenced heavily by Ben Graham's two books I read shortly after college. Warren Buffet deserves all the praise he receives for his investing success....he is simply the best pure business investor there is. The Warren Buffet Portfolio concentrates more on Warren Buffet's methodology rather than the man and his investing philosophy. There are other books that accomplish this better than The Warren Buffet Portfolio, including Buffetology by Mary Buffet. Recommendation: Yes if you've read the better Warren Buffet library of books.

I would go as far as to call this book a masterpiece. It is one of the only books where it gets better toward the end, and is readable in only a few hours despite being packed with useful ideas. I would highly recommend it.

Think of stocks as businesses. Read annual reports. Buffett and Munger think of investing like the game 'bridge'. Recommend read is Why You Lose at Bridge by S. J. Simon. In Warren Buffets view the two things an investor needs instead of a college education is the following two skills; how to value a business and how to think about market prices.

Excellent primer on focus investing, behavioral economics and a counter balance to my bias towards passive index investing. While I was not quite converted, the book covers critical principles/reminders that are broadly applicable to the investor:
-investing is gambling, you can only improve your odds with math and strategy
-today, it is more important to understand how investors will react to the market than understanding the market itself
-as money managers and investing tools continue to improve, it's harder to be a break away investor today than in Buffet's early days
-portfolio turnover is a top wealth destructor
-you can achieve sufficient diversity with ten well chosen stocks
-when investing in individual companies, evaluate them like they are your own companies, you ARE becoming an owner
-understand behavioral economics

Really good

Must read for everyone.
Simple reading for Baba as well.

This book is undervalued, under-recognized, and underrated.

Since the last time I read one of Wall Street (4 years ago), I haven’t read any books written exclusively for investing that captivate me like this. This is a seminal work. I almost finished its 200 pages in one day. That’s how good it is. It touches on many "big ideas" that I have spent years acquiring reading 10+ books. However, it can only give incompleted pleasure because of book-length. That's being said, for any level of investors, this will serve well as a handbook.

I believe many investors will intellectually evolve by reading and pondering what’s written here. If you have studied Buffett and Munger for quite some time, many concepts in this book will be familiar. However, it sheds some new light on it. I think the idea of focus investing is particularly fascinating.

On the side note, absorbing this book, you can probably tell if any mutual fund out there is a die-hard Berkshire disciple or just another gimmicky dude.

Nice read ....

I came across this book via Charlie Munger's (open) recommendation. The book gets more and more interesting as we go further ahead. It reasons out why a concentrated portfolio of stocks is the best way to go about investing, states the factors which come in our way of doing the same and how we can overcome those. With different chapters devoted to different aspects, and all of them distilled well in the last chapter of the book, this can be used as a guiding principle throughout one's investment journey.

Great easy read on Buffet's approach to focus investing. A must read for anyone aspiring to be a successful investor, not a speculator.

Good book

I started consciously investing on the 1st of July 2020, and as of writing this review i am still angry with not knowing about or understanding Warren Buffett and Charlie Munger.

Thankfully though there are books out there in the universe that dispense and share the learnings and understandings of such interesting people; and this book is one of those great sharers of refined incite.

Robert G. Hagstrom has pulled together a significant body of information and condensed that information into a format that is easy to read and understand but challenges the reader to consider what they thought they knew and what they need to consider.

As Hagstrom dips into maths, psychology or share market nuances he tips the nose forward and dives straight into the subject but does dive into the bottom of the barrel to lose the reader in endless details. His deep regard for narrative is evident from the use of allegories, quotes, examples, charts and reflections that show the complexity and subtlety of managing funds and working with stocks as part of a greater business.

Time and again Hagstrom reinforces the sound business management style which has become synonymous as Buffett's investing strength, and the he turns around to display that Buffett is far from being unique or rare, but is a member of a select group of individuals who understand that quality investing takes, time, patience, research and certain form of psychological perspective to bring about the growth and returns that great money managers are able to comprehend and deliver over long periods of time.

One of the items i enjoyed most about this book is that as a retail investor i can quite easily apply the principles, lessons and applications directly to the investments that i make, and i don't need to be super rich to either achieve this. I simply need to be focused and have a strategy to make my investing valid in a world of ephemeral rewards.

I was able to take a lot out of this book and to develop a better understanding of what i need to look for in myself and my style of investing. I see for myself a better and much more comprehensive way in understanding the dynamics that need to be applied to my current investing strategies and the way in which i analyse a business or the greater thematic of economy and markets.

I am unsure if Robert Hagstrom has written any books specifically on Charlie Munger, but if he has i will be buying it because he has picked up a new fan after reading this qualitative book.