Trade Like Warren Buffett

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"Trading is notoriously tough. But Altucher's new book adds a noteworthy addition to the library on Warren Buffett. He shows a lot of Buffett that isn't readily available in the existing common literature. Definitely required reading for any serious Buffett buff."
-Kenneth L. Fisher, Forbes' "Portfolio Strategy" Columnist Founder and CEO, Fisher Investments

"Finally, someone blows apart the myth that Warren Buffett is a buy-and-hold investor. Altucher has given us an insightful and well-written commentary on how Buffett has amassed his track record, and what we can do to emulate him. He details the trade-by-trade examples. This is a must read for anyone wanting to learn about how the Master Investor works."
-John Mauldin, author, Bull's Eye Investing editor of Thoughts from the Frontline (www.2000wave.com)

While Warren Buffett is considered the "world's greatest value investor," there's another side to Buffett that is rarely talked about. Although Buffett has gained recognition for his value investing approach to the markets, the fact is that nobody-over the past fifty years-has traded and invested with a more diverse group of strategies than Buffett.

Trade Like Warren Buffett challenges the current coverage of this great investor by including details of all of Buffett's investing and trading methods, including mean reversion, commodities, bonds, arbitrage, market timing, funds, as well as Graham-Dodd. To augment the discussion of each strategy, Trade Like Warren Buffett also includes interviews with leading financial professionals, who reveal in detail how they've successfully used the same techniques.

There is no one way to sum up Warren Buffett's investment style. But if you're interested in boosting the performance of your portfolio, Trade Like Warren Buffett can show you how.

256 pages, Hardcover

First published February 11,2005

About the author

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James Altucher is a writer, successful entrepreneur, chess master, and investor.

He has founded over 20 companies and sold some of them for large exits. He has also run venture capital funds, hedge funds, angel funds, and currently sits on the boards of many companies.

He has written and been profiled in most major national media publications like the Wall Street Journal, The Financial Times, CNBC, Forbes, and Business Week.

His blog, which began by detailing Altucher's precipitous fall from wealth and success to absolute rock bottom and then back to wealth, has attracted more than 10 million readers since its launch in 2010, and in 2011 inspired a comic book.


Community Reviews

Rating(4.3 / 5.0, 8 votes)
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8 reviews All reviews
March 31,2025
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Value investors often distinguish between “investors” (themselves) & speculators or traders, so the title of this book about the king of value investing is intentionally jarring. An easy-to-read description of Buffett’s investing techniques from someone not in the Buffett or value cult.
March 31,2025
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A couple of chapters were quite cool - about structured deals, downside protection, and the interviews with Pabrai and Zeke.
Found it a little shallow in many parts
But definitely a book to have - -

Made me think more of his short termism at times, and how most of his better trades were always based on company distress, or market panic or some such event.

Further takes me to - how to wait it out whenever a compelling opportunity is not slapping me in the face.
March 31,2025
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Very educational, slightly different in context to other Warren Buffett books that I have read, if you are interested in the financial markets, it is well worth reading. The book as a good layout throughout and it is easy to follow and understand the topics being talked about. Decent front book cover, more of a educational/autobiography style of book. I would not pick this as the 1st Warren Buffet book to read, better to read it after you have read other of his books, the information in this books, builds upon information that you have already learned from other books. In conclusion a good book, better as book 2, 3, 4 in a series. Not really a starting point in learning about the man.

March 31,2025
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This book is an interesting dive into the other side of Warren Buffet's strategy when it comes to making money in the stock market. He didn't always buy and hold forever because he had more options due to the lower amount of money and the techniques available to him back in the day. The writing was rather easy to understand for a beginner like me who doesn't understand too many technical terms. My only issue with this book was that the Interview sections were far too long and my eyes glazed over more than once.
April 1,2025
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its need more detail to show Warren Buffett Magic
April 1,2025
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I think Warren Buffet is partly a literary device here because he didn't do anything unique. But the book covers his workouts namely:
- Merger arbitrage (tbh I still don't believe it can be done without inside info)
- Relative value arbitrage (for example 3COM share in Palm was worth more than 3COM itself)
- Fixed income arbitrage (for ex long corporate bond and short gov bond) - again requires large leverage and big capital
- Private investment in public equity - again requires access and individual terms (convertible bonds and preferred stocks)

April 1,2025
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For whatever reason self-help guru James Altucher has disavowed his older trading/investing books, including one of my favorite Buffett books: Trade Like Warren Buffett.

In a sea of bland-same-old-conservative-value-Buffett-books, Altucher’s evaluates the out of the ordinary strategies Buffett pursued and ends the book with interviews of two of my favorites hedge fund managers: Mohnish Pabrai and Zeke Ashton.

I have devoured this book at least seven separate times and much of it led to the techniques I wrote about in my first book.

The strategies Altucher describes include: Merger Arbitrage, Relative Value arbitrage, Junk Bonds, Closed-end fund arbitrage, PE ratios and market timing and disasters. For my notes on each please go to this link:
http://rightpriceinvesting.com/2016/1...
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