The Warren Buffett Way

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The Warren Buffett Way
File:Warren buffett way - cover.jpg
The third edition cover
Author Robert Hagstrom
Country USA
Language English
Subject Investment
Publisher John Wiley & Sons
Publication date
12 November 2004 - 2nd edition
ISBN 978-0-471-64811-6
OCLC 55800704
332.6 22
LC Class HG172.B84 H34 2005

The Warren Buffett Way, a book by author Robert Hagstrom, outlines the principles of value investing practiced by successful investor Warren Buffett.


The first edition, published in 1994, sold over a million copies and spent 21 weeks on the New York Times Hardcover Nonfiction Best Seller list.[1] A decade later, Hagstrom issued a second, expanded edition.[2]


The principles included:

  1. Purchase businesses with excellent long-term prospects
  2. Purchase businesses at a large discount to their intrinsic value
  3. Purchase businesses with a high return on invested capital
  4. Purchase businesses with honest managers