Overview
"This is the second edition featuring a brand new foreword. If you had put $10,000 in Buffett's original investing partnership at its inception in 1956, you would have collected about $293,738 by the time he dissolved it at the end of 1969. He had never suffered a down year, even in the severe bear markets of 1957, 1962, 1966, and 1969. When the partnership was wound up, you could have elected to stay with Buffett as a shareholder of Berkshire Hathaway, Inc., which was spun off from the partnership and became Buffett's investing vehicle. In that event, your $10,000 would by the end of 1986 have turned into well over $5 million. So, John Train introduces the remarkable story of Warren Buffett in his classic text, ""The Midas Touch"". First published in 1987, ""The Midas Touch"" was one of the first books to recognise Warren Buffett's spectacular record, and to attempt to explain how he achieved his success. It is short, lucid and written with style and wit. A worthy testimony to its remarkable subject. From the back cover of the book: this is the book that tells readers how to invest like the man known as 'the Wizard of Omaha' (""Forbes"") and the investor with 'the Midas Touch'. Warren Buffett is the most successful investor alive - the only member of the Forbes 400 to have earned his fortune entirely through investing. Bestselling author John Train analyzes the strategies, based on the value approach, that have guided Buffett in his remarkable career, strategies that work even though Buffett operates a thousand miles from Wall Street."
Full Product Details
Author: John Train
Publisher: Harriman House Publishing
Imprint: Harriman House Publishing
Edition: 2nd Revised edition
Dimensions:
Width: 13.60cm
, Height: 2.60cm
, Length: 20.50cm
Weight: 0.388kg
ISBN: 9781906659189
ISBN 10: 1906659184
Pages: 208
Publication Date: 11 May 2009
Recommended Age: From 18 years
Audience:
General/trade
,
General
Format: Hardback
Publisher's Status: Out of Print
Availability: In Print
Limited stock is available. It will be ordered for you and shipped pending supplier's limited stock.
Reviews
'The Midas Touch' traces the highlights of Mr Buffett's life and career from his childhood in Omaha ... to his spectacular coups in the market over the past 30 years.' New York Times 'The Midas Touch is definitely not for a total beginner as it assumes a certain basic level of knowledge. If you don't know what a PE ratio is then you need something more basic. But if you think that you are going to double your money in two months because you have just bought a stock on a PE of 35 after it was tipped in Shares magazine you need to read on. Advanced Buffettologists won't learn much from this book - they have probably read it already. But if you know that Warren Buffett is a legend but not why, this is a concise and easy to ready way of finding out.' Tom Winnifrith 'Provides an excellent glimpse into Buffett's life, ideas, and background as well as detailed discussions of Buffett's investment philosophy and techniques.' Dow Theory Letters 'The Midas Touch is a fabulous value ... imparts a wealth of lessons for any investor to emulate, no matter how skilled.' The Market Chronicle 'John Train has a global vision of investing. He understands men and markets. He is an outstanding market forecaster. He writes elegantly. Like the Midas of his title, the things he touches turn to gold.' Lewis E. Lehman, Morgan Stanley
The Midas Touch traces the highlights of Mr Buffett's life and career from his childhood in Omaha ... to his spectacular coups in the market over the past 30 years. -- New York Times The Midas Touch is definitely not for a total beginner as it assumes a certain basic level of knowledge. If you don't know what a PE ratio is then you need something more basic. But if you think that you are going to double your money in two months because you have just bought a stock on a PE of 35 after it was tipped in Shares magazine you need to read on. Advanced Buffettologists won't learn much from this book - they have probably read it already. But if you know that Warren Buffett is a legend but not why this is a concise and easy to ready way of finding out. -- Tom Winnifrith Provides an excellent glimpse into Buffett's life, ideas, and background as well as detailed discussions of Buffett's investment philosophy and techniques. -- Dow Theory Letters The Midas Touch is a fabulous value ... imparts a wealth of lessons for any investor to emulate, no matter how skilled. -- The Market Chronicle John Train has a global vision of investing. He understands men and markets. He is an outstanding market forecaster. He writes elegantly. Like the Midas of his title, the things he touches turn to gold. -- Lewis E. Lehrman, Morgan Stanley
Author Information
Author Website: http://www.harriman-house.com/pages/authors.htm?Index=1909&Author=John_Train
John Train founded Train Smith Investment Counsel and is the chairman of Montrose Advisors. He has written hundreds of columns for the Wall Street Journal, the New York Times, Forbes magazine, Harvard Magazine, and the Financial Times. Apart from 'The Midas Touch', his bestselling books include 'The Craft of Investing', 'The Money Masters' and 'The New Money Masters'.
