In Warren Buffett: Inside the Ultimate Money Mind, Hagstrom breaks new ground with a deep analysis of Buffett's essential wisdom, an intricate mosaic of wide-ranging ideas and insights that Buffett calls a Money Mind. What exactly is a Money Mind? At one level, it's a way of thinking about major financial issues such as capital allocation. At another level, it summarizes an overall mindset for successfully investing in today s fast-paced stock market, a mindset that depends on a commitment to learning, adapting, and facing down irrelevant noise. This is not a method book. It is a thinking book. Warren Buffett: Inside the Ultimate Money Mind explains the philosophies of self-reliance, stoicism, rationalism, and pragmatism and their contributions to making intelligent investment decisions. It also outlines the evolution of value investing, discusses how to develop a business-driven investing mindset, and describes the defining traits of successful active management. Lastly, it examines the surprising aspects of a Money Mind sportsman, teacher, and artist. In short, Warren Buffett: Inside the Ultimate Money Mind helps readers understand the building blocks that go into making a Money Mind so they can begin to incorporate its principles in the service to a life of value. Testimonials "e;An erudite masterpiece..."e; Lawrence A. Cunningham, author; professor and director, Quality Shareholders Initiative, George Washington University "e;It's another must-read "e; Bethany McLean, journalist and Contributing Editor, Vanity Fair, author, Saudi America and co-author The Smartest Guys in the Room "e;Pure Genius! This is a game changer in investment books..."e; Robert P. Miles, author; Executive in Residence, University of Nebraska at Omaha, Executive MBA Program, 'The Genius of Warren Buffett' "e;Effervescence and thoughtful analysis of Buffett's life and work..."e; Tom Gayner, Co-chief Executive Officer, Markel Corporation "e;Hagstrom's books always enable readers to think about the world in new ways "e; Tren Griffin, author, Charlie Munger: The Complete Investor

In Warren Buffett: Inside the Ultimate Money Mind, Hagstrom breaks new ground with a deep analysis of Buffett's essential wisdom, an intricate mosaic of wide-ranging ideas and insights that Buffett calls a Money Mind.What exactly is a Money Mind? At one level, it's a way of thinking about major financial issues such as capital allocation. At another level, it summarizes an overall mindset for successfully investing in today's fast-paced stock market, a mindset that depends on a commitment to learning, adapting, and facing down irrelevant noise.This is not a method book. It is a thinking book.Warren Buffett: Inside the Ultimate Money Mind explains the philosophies of self-reliance, stoicism, rationalism, and pragmatism and their contributions to making intelligent investment decisions. It also outlines the evolution of value investing, discusses how to develop a business-driven investing mindset, and describes the defining traits of successful active management. Lastly, it examines the surprising aspects of a Money Mind - sportsman, teacher, and artist.In short, Warren Buffett: Inside the Ultimate Money Mind helps readers understand the building blocks that go into making a Money Mind so they can begin to incorporate its principles in the service to a life of value.Testimonials"An erudite masterpiece..."Lawrence A. Cunningham, author; professor and director, Quality Shareholders Initiative, George Washington University"It's another must-read..."Bethany McLean, journalist and Contributing Editor, Vanity Fair, author, Saudi America and co-author The Smartest Guys in the Room"Pure Genius! This is a game changer in investment books..."Robert P. Miles, author; Executive in Residence, University of Nebraska at Omaha, Executive MBA Program, 'The Genius of Warren Buffett'"Effervescence and thoughtful analysis of Buffett's life and work..."Tom Gayner, Co-chief Executive Officer, Markel Corporation"Hagstrom's books always enable readers to think about the world in new ways..."Tren Griffin, author, Charlie Munger: The Complete Investor

Prologue VChapter One The Young Warren Buffett 1It Begins 8From Investment Partnership to aCompounding Conglomerate 13Chapter Two Developing an Investment Philosophy 17Howard Homan Buffett 19Benjamin Graham 26Charles Thomas Munger 32In Closing . . . 47Chapter Three Evolution of Value Investing 49Stage One: Classic Value Investing 51Stage Two: Valuing a Business, Not a Stock 65Stage Three: The Value of Network Economics 81Chapter Four Business-Driven Investing 115Investment Zone 117Chapter Five It's Not That ActiveManagement Doesn't Work 147Chapter Six The Money Mind: Sportsman, Teacher, Artist 185Epilogue 199Acknowledgments 207Berkshire Hathaway Library 211For Further Reading 215Notes 225Index 237