{"product_id":"the-intelligent-investors-mistakes-warren-buffett-paperback","title":"The Intelligent Investor's Mistakes: Warren Buffett - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eBalaji Kasal\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003e\"It's good to learn from your mistakes. It's better to learn from other people's mistakes.\"\u003c\/strong\u003e - Warren Buffett\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003e\"I know I'll perform better if I rub my nose in my mistakes. This is a wonderful trick to learn.\"\u003c\/strong\u003e - Charlie Munger\u003cbr\u003e \u003c\/p\u003e\u003cp\u003eBuffett acquired Berkshire Hathaway Inc. in 1965. It was a sick textile company. He turned it into a self-sustaining machine that generates massive returns for its Owners.\u003c\/p\u003e\u003cp\u003eThe book has \u003cstrong\u003e38 stories of companies\u003c\/strong\u003e. In them, Buffett made many types of mistakes that investors face. The book starts with the acquisition of Berkshire Hathaway. It goes up to recently in 2023, Taiwan Semiconductor Manufacturing Company Ltd. (TSMC).\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eThe book is divided into three parts -\u003c\/p\u003e\u003cp\u003e\u003cstrong\u003ePart-A: Mistakes of Commission\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003eThe commission mistakes are typical to any investors, including Buffett. These are due to biases, evaluation of the company's economic outcome, competitive strength, how to think about the market price movement, and much more.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e\u003cstrong\u003ePart-B: Failed to Capitalize in 2008 Crash\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e2008 US market scenario was comparable to the 1929 depression. This was the time the market was giving exceptional opportunities to invest. Buffett's inappropriate capital allocation cost more to Berkshire.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003e\u003cstrong\u003ePart-C: Error of Omissions: \"Thumb Sucking\"\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003eThe error of omission is not recorded in Berkshire's net worth. Buffett and Munger both regret often the habit of thumb-sucking. These opportunities include companies like - Amazon, Google, and many more. The book presents you with what was going in Buffett's mind when missed these opportunities and the lessons to be learned from them.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eThese stories help you as an investor to get exposure to different situations where mistakes are possible. Also, these companies are from various industries and operate in the global market.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eThe lessons would help you in the following themes -\u003c\/p\u003e\u003col\u003e\n\u003cli\u003e\u003cstrong\u003eInvestment Framework and Processes\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eInvestment Strategies\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eRisk Management\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eCapital Allocation\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eValuation\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eSmart Diversification\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eDecision Making\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ol\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eThese 38 stories would help you to maximize the returns in your investment game. These stories are short and fun to read.\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eThe author wrote the entire book \u003cstrong\u003eto help you become a better investor. The lessons would help you guard against your own emotional biases. They are things you will face on your journey towards a wealthy life. These lessons unleash your potential and help you to achieve your dreams.\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp\u003eSo, take your first step to learn none other than Buffett. \u003cstrong\u003eLoad your toolkit with his strategies to become a wizard of the stock market. Get the most profits at each stage of your investment journey.\u003c\/strong\u003e\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 208\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 0.44 x 8 x 5 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e April 25, 2024\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":51985243046189,"sku":"9798224741076","price":28.01,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0938\/3185\/6429\/files\/LeQcWsLmTl9798224741076.webp?v=1776113574","url":"https:\/\/ishookbooks.com\/products\/the-intelligent-investors-mistakes-warren-buffett-paperback","provider":"iShook Books","version":"1.0","type":"link"}