The Warren Buffet Portfolio

While The Warren Buffet Way focuses on the methods and examples of value investing, The Warren Buffet Portfolio focuses more so on the building of a portfolio, as well as the mindset of a value investor. The first few chapters of the book covers the reasons of chooseing value investing before other known methods, and the evolution of the academia's view on investing. These chapters would seem redundant to a person already practices value investing (or wants to practice value investing). However, it does make a nice summary to refer to. The latter part of the book are seemingly disoriented, but upon a close inspection, one can find englightment not normally found elsewhere. The author has gone out of his way to research disciplinary topics not covered by finance. For example, Hagstrom mentioned the topic of Complex Adaptive System as a way to explain the markets. Indeed, the market behaves as if it can never be consistently predicted, like an adaptive system. more reasons to adhere to fundamentals of individual companies instead of predicting the broad economics.