Even Buffett isn't perfect : what you can--and can't--learn from the world's greatest value investor

A contrarian look at how Warren Buffett thinks about investing and related issues. Warren Buffett is the most successful and revered investor of all time. His ability to consistently find undervalued companies has made him one of the world's richest men. Despite many previous books about him, it's rare to find an objective assessment—one that praises him when appropriate, but also recognizes that even Buffett makes mistakes. For instance, is he right to call for higher taxes and an end to earnings guidance? Should Buffett fans copy his avoidance of technology stocks? In this penetrating look at how Buffett thinks, Vahan Janjigian shows readers how to learn from the master's best moves while avoiding strategies that don't apply to small investors. And he explains Buffett's favorite valuation methodology, the discounted cash flow model, and how it can significantly reduce the odds of overpaying for a stock.

Warren Buffett is the most successful investor of all time. His ability to consistently find undervalued companies has made him one of the world's richest men. Yet while his track record is hard to argue with, the Buffett way isn't the only way, nor is it always the best way, to invest.

Even Buffett Isn't Perfect dispels many myths about Buffett and his "solid as a rock" style. It shows readers how to learn from the master's best moves while avoiding strategies that don't apply to small investors — and avoiding Buffett's mistakes, such as sometimes riding his winners too long.

Publishers Weekly

In his introduction, Janjigian notes that "to become a successful investor you must be an educated investor, and the best place to start is by examining Buffett's strategies." The author-vice president and executive director of the Forbes Investors Advisory Institute-doggedly follows Buffett's investment trail, scrutinizing the successes and failures of the world's pre-eminent investment celebrity. Janjigian's readable, engaging style carries the reader painlessly through the fundamentals and finer points of investing, assaying Buffett's buying strategies and research methods, while clarifying investment terms and summarizing key points. Although frankly admiring, Janjigian is never fawning and takes pains to make his material clear and compelling; his book is a rounded evaluation of the investment guru's strategies and a useful primer for business neophytes. (May)

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Describes the investment career of Warren Buffett and explains his investment techniques, including how to tell the difference between a value stock and an undervalued stock and what to do when a "good" investment goes bad.