Invested How Warren Buffett and Charlie Munger taught me to master my mind, my emotions, and my money (with a little help from my dad)
Book - 2018
In each chapter, Danielle Town examines the investment strategies she mastered as her increasing know-how deepens. Throughout, she streamlines the process of making wise financial decisions and shows you just how easy - and profitable - investing can be. This book makes the complex world of investing simple, straightforward, and approachable, and will help you formulate your own investment plan - and foster the confidence to put it into action.
Saved in:
- Subjects
- Published
-
New York, NY :
William Morrow, an imprint of HarperCollinsPublishers
[2018]
- Language
- English
- Main Author
- Other Authors
- Edition
- First edition
- Physical Description
- xiii, 322 pages : illustrations ; 24 cm
- ISBN
- 9780062672650
- Foreword
- Introduction, or How to Use This Book
- Chapter 1. January-Becoming Brave
- Warren Buffett and Value Investing
- Rule #1 Investing
- Hoard Or Abdicate
- Inflation
- My Investing Practice
- January Practice
- Chapter 2. February-Knowing Your Number
- Primer on the Stock Market
- Flavors of Abdication
- Calculating My Number
- Investment Options Outside of the Stock Market
- Maro-Thankfulness
- Components of Financial Freedom
- Four Levels of Mastery
- February Practice
- Chapter 3. March-Voting For A Mission With My Money
- Creating My Investing Office
- Primer on Corporations
- Asymmetry of Information Between Companies and Shareholders
- Voting for a Mission with My Money
- Finding Missions
- Story of a Company
- March Practice
- Chapter 4. April-The First Principle of Value Investing
- Efficient Market Hypothesis (EMH)
- Lucky Monkeys
- Events
- Market-Wide Indicators of Events
- Shiller P/E
- Buffett Indicator
- Charlie Munger
- Four Principles of Investing
- First Principle: Understanding the Business
- Circle of Competence and the Three-Circles Exercise
- Primer on Annual Reports
- Gurus
- Investing Intensive and the Buffett Bible
- April Practice
- Chapter 5. May-Charlie's Moat and Management
- Second Principle: Moat
- The Five (And a Half) Moats
- Moat Case Study: Coca-Cola
- Moat Case Study: Apple
- Primer on Financial Statements
- Big Four Numbers and Growth Rates
- Windage Growth Rate
- Third Principle: Management
- Management Numbers
- Checklist For Charlie's First Three Principles
- May Practice
- Chapter 6. June-Circling Competence
- Facing Feelings About Money
- Investing in What You Know
- Annual Reports
- Wishlist
- Fantasy Investing
- Brokerage Account Basics
- Family Tradition with Money
- Steps to Face Preconceptions Around Money
- June Practice
- Chapter 7. July-Charlie's Fourth Principle: Pricing
- Fourth Principle: Price that Makes Sense
- Three Methods of Pricing/Valuation
- Pricing Using Whole-Company Numbers
- Ten Cap Pricing Method
- Owner Earnings
- Formula for Owner Earnings
- Payback Time Pricing Method
- Formula for Free Cash Flow
- July Practice
- Chapter 8. August-Charlie's Fourth Principle: Value
- Pricing Using Per-Share Company Numbers
- Margin of Safety Valuation Method
- Formula For Margin of Safety
- Opening a Brokerage Account
- August Practice
- Chapter 9. September-Inverting the Story
- Checklist of Expensive Errors
- Writing the Story
- Inverting the Story
- Investing Research Organization
- Practice Shares
- September Practice
- Chapter 10. October-Compiling an Antifragile Portfolio
- Antifragile Portfolio
- Passive-Aggressive Strategy
- Buying Plan
- Tranches
- Prepare to Manage Emotions During Events
- October Practice
- Chapter 11. November-When to Sell
- Buying A Company
- Sell Whew the Story Changes
- Reducing Basis
- Dividends
- Buybacks
- Determining When to Sell
- November Practice
- Chapter 12. December-Living Thankfulness
- Checklist for Ongoing Investing Practice
- Maro-Thankfulness
- December Practice
- Epilogue
- Afterword
- Resources for Your Investing Practice
- Appendix
- Acknowledgments