Book Review of “Think, Act, and Invest Like Warren Buffett”
By: Rick Van NessAugust 3, 2014
Here is a short new book that is perfect if you are still not 100% solid on what makes a winning investment portfolio. In this short review I tell you three things I like about it, and one I don’t. “Think, Act, and Invest Like Warren Buffett” by Larry Swedroe is available at your favorite bookstore. Read more about it at Amazon.com.
Video Transcript: Think, Act, and Invest Like Warren Buffett
Hi, I’m Rick. I’d like to review this new book by telling you three things I like about it, and one I don’t.
First, I make short explanatory videos so I read a lot of these kind of books. I’m giving this book 5 stars because this is a shorter crisper version of his first book. The particular part of both books that I find most compelling is the demonstration of how combining truly diversified kinds of funds results in a better overall portfolio. It’s valuable, well-done and easy-to-understand.
Second, the book is thankfully short and sweet. It is wisdom that every working American should know. But it’s rarely taught — let alone taught well. So this is a book for everyone saving and investing. It’s really not hard. If you are going to do it yourself, this steps you through all the key decisions. But, if you decide that you want to hire a financial advisor you really need your eyes wide open. Not only will this book give you the background to recognize good advice in advance, but it has a chapter telling you how to go about hiring a good financial advisor.
Third, in this book he incorporates sketches from Carl Richards — which are not only brilliant for their wisdom, but fun.
So, nearly everyone should read it, but maybe not for the reason they’ll buy it. Which brings me to the one thing I’m not fond of: the title. But, it is a clever hook to get people to buy the book. It’s only natural for people to want to think, act, and invest like Warren Buffett. And admittedly, the first two chapters explain why they can’t, and why (in fact) Warren Buffett recommends index funds at a very low cost for nearly everyone else. And that’s what the book is about.
So I highly recommend this book. Check it out.
FOOTNOTES AND VIDEO PRODUCTION CREDITS
This video may be freely shared under the terms of this Creative Commons License BY-NC-SA 3.0.
Video copyright 2009-2013 Rick Van Ness. Some rights reserved.
We're a non-profit educational site. We need you to help us to help others make their dreams to come true.
What Forbes says about us:
Read Forbes Magazine’s spotlight article applauding Rick Van Ness and his short how-to video tutorials.
Support the Site!
You can help support this not-for-profit site in its mission in the following ways:
1) Tell everyone you know about the site
2) Link to the site
3) Leave a comment after blog post articles. Participate in the discussion.
4) Buy my books (our primary source of funds.)
6) Buy stuff from Amazon (this site gets 4-6% of what you spend and it doesn't cost you any more)
7) Send me praise by email—it always makes my day. :-)
Check out my own books!
Life is about lifelong learning. Investing is no exception.
Support this non-profit website by buying yourself a book.
This is our primary revenue to pay our video tutorials.
We get a few percent of book price, but IT COSTS YOU NOTHING EXTRA.